Zimbabwean Exchange Adds Ethereum, Re-Enables Bitcoin Buying

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Zimbabwe’s only crypto-currency exchange platform, Golix.com has added Etherium and Bitcoin Gold, enabling trade in the two digital assets in the country.  The Zimbabwean crypto-currency exchange said in an email to traders and users of its platform on Friday: “We have now added Etherium and Bitcoin Gold to the site.” The Golix exchange platform already allows for trade in Bitcoin although traders had suffered a two-day disruption to their order books after a technical glitch on the platform.  Golix also advised…

Trading Bitcoin for an Altcoin Won’t Shield You From the IRS Anymore

Regulation Any American bitcoin investors who were hoping to avoid paying taxes for their profits this year by trading them for altcoins are in for an unpleasant surprise. New regulations have been tailored specifically to make sure U.S. taxpayers can’t use this method to avoid giving the IRS their cut. Also Read: South Africa Wants to Track and Tax Bitcoin Trading Bitcoin to Altcoin is Not a “Like Kind” Exchange Until today a crafty tax attorney or accountant could have tried claiming that trading bitcoin for another cryptocurrency is not…

Israeli Blockchain Startup Colu Raises US$14.5M from IDB Investment

Colu, an Israeli blockchain startup that creates localized, digital currencies, has raised US$14.5 million from IDB Development Corporation as an investment in the company and as part of its Colu Local Network (CLN) token pre-sale. IDB Development Corporation joins Spark Capital, eToro, Aleph and former Thomson Reuters CEO Tom Glocer as contributors in the CLN pre-sale. IDB Group, which is involved in the finance and insurance sectors, is Israel’s largest holding company. Amos Meiri, Colu’s co-founder and CEO said the investment into his startup was “a vote of confidence in…