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Tag Archives: coinbase

Federal Court Orders Coinbase to Turn Over Records on 14,355 Customers to the IRS

In 2016, Bitcoin exchange Coinbase was ordered by a federal court in California to turn over customer information. On November 29th of this year the court ruled that Coinbase must turn over information on 14,355 customers to the Internal Revenue Service (IRS). The records involve customers who either bought, sold, sent, or received more than $20,000 worth of Bitcoin. The ... Read More »

IRS Demands Entire Coinbase User Database For Tax Purposes

The Internal Revenue Service, a U.S. government agency responsible for tax collection and tax law enforcement, has requested popular bitcoin trading platform and wallet service provider Coinbase to provide personal and sensitive financial data of millions of customers over the past three years for tax filing purposes. Various court filings have been submitted and a formal investigation was initiated by ... Read More »

Coinbase to start supporting Ethereum Cryptocurrency

For anyone that has heard of Bitcoin, they have heard of Coinbase: One of the most well-known websites for bitcoin wallets and trade services. The bitcoin-only exchange is going to implementing the recently exploding Ethereum cryptocurrency, which value is currently at about $14 USD, making the second-largest cryptocurrency after bitcoin,. Created by a Swiss entrepreneur Vitalik Buterin, Ethereum(ETH) is a ... Read More »