Bitcoin News Roundup for July 14, 2020

With Tax Day fast approaching, CoinDesk's Markets Daily covers all things IRS and crypto taxes on today's show!

AccessTimeIconJul 14, 2020 at 4:00 p.m. UTC
Updated Sep 14, 2021 at 9:30 a.m. UTC
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With Tax Day fast approaching, CoinDesk's Markets Daily covers all things IRS and crypto taxes on today's show!

For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.

This episode is sponsored by Bitstamp and Crypto.com.

Today's Bitcoin News:

Bitcoin is locked in a low-volatility squeeze similar to one seen ahead of a 40% price crash in November 2018. This time may be different.

Have questions about filing your crypto taxes? CoinDesk dives into what we know (and what we don’t) about how the IRS is approaching the asset class.

Crypto and Taxes 2020: Wednesday is this year's deadline for Americans to file their tax returns, and cryptocurrency users' obligations are as confusing as ever. This series of articles explores the complex issues facing digital asset investors.Read more:IRS Violated 'Taxpayer Bill of Rights' With 2019 Crypto Letters: WatchdogCrypto Taxes: Still Confused After All These YearsHodlers Can Donate Crypto to Charity to Minimize Tax PaymentsView on Flipboard

The U.K.'s central bank is discussing the possibility of launching a digital currency, perhaps in several years.

For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.

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