Tag Archives: Bitcoin

Getting up to speed on blockchain, Bitcoin, Ethereum, cryptocurrencies and ICOs

Much has been written recently on blockchain, Bitcoin, Ethereum, cryptocurrencies and initial coin offerings (ICO). Unfortunately, for non-computer scientists (like me), trying to understand these concepts and their potential implications can be a bit overwhelming. To help all of those non-technologists trying to get their heads around blockchain, Bitcoin, Ethereum, cryptocurrencies and ICOs, I pulled together the following list of resources that I have found useful.…

Bitcoin is property, not currency, IRS says – Notice leaves many open questions about convertible virtual currencies

Article prepared by and republished courtesy of our colleagues Joseph Langhirt, David Plewa and Michael Greenberg; originally published here: http://www.dlapiper.com/en/us/insights/publications/2014/04/bitcoin-is-property-not-currency/.

The Internal Revenue Service has joined several other jurisdictions in publishing guidance regarding the income tax consequences of certain convertible virtual currency transactions.…

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