US Congress is Making It Illegal for the IRS to Offer Free Tax Filing Service

The US Congress will soon officially ban the IRS from offering its own tax filing service, according to reporting by ProPublica, a non-profit news agency. Probably. Advocates of a free, government-sponsored tax filing service have long argued that the current system doesn’t do justice to the millions of taxpayers making under $ 66,000 per year who actually shouldn’t be paying anything to file their taxes. Tax Prep Industry Victory Seems Inevitable According to a representative of the Free File Alliance, speaking to ProPublica, disallowing the IRS to create a free tax filing service will be great for everyone. Only about 3%

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OKCoin is Attracting Institutional Customers With ‘Premier’ Crypto Service

OKCoin is consistently one of the top exchanges by adjusted volume. The exchange announced late yesterday its Premier program, which is aimed at institutional and high-volume clients. They’re targeting traders with at least $ 100,000 in volume in a 30-day period. The benefits are unique to an exchange with deep pockets: a dedicated account manager, guaranteed fast wire deposits (within 90 minutes when banks are open), and lower trading fees. OKCoin Competes for Big Business Current OKCoin users who surpass the $ 100,000 mark within 30 days are automatically converted to Premier status. The exchange also wants to attract users from other

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5 Reasons Apple’s Streaming Service Will Destroy Netflix in Five Years

Apple launched a film and TV streaming service on Monday, going head-to-head with Netflix. Netflix executives laughed off the threat, joking that Apple is “very late to the game.” True, Apple is late. Netflix has a decade-long head-start and even Amazon jumped on the trend in 2011. But it doesn’t matter how late Apple gets into the game, it always destroys the competition in a matter of years. Think Apple has lost all direction and creativity? Think again. Here’s why Apple could make Netflix obsolete. It’s show time. Tune in March 25th at 10 a.m. PT to watch our #AppleEvent

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Fidelity announces Bitcoin custody service live with a select group of eligible clients

source: https://twitter.com/DigitalAssets/status/1103732423722975232

Fidelity Investments, the largest asset managers firm, digital assets solution branch – Fidelity Digital Assets, announced that its Bitcoin custody service has gone live with “a select group of eligible clients”, earlier today on their official Twitter handle. The firm that aims to provide Bitcoin custodial services to institutional investors first announced this news comes almost a month earlier, stating that have selected clients whom they will be serving with their initial solutions.

The announcement read:

“WE ARE LIVE WITH A SELECT GROUP OF ELIGIBLE CLIENTS AND WILL CONTINUE ROLLING OUT SLOWLY. OUR SOLUTIONS ARE FOCUSED ON THE NEEDS OF HEDGE FUNDS, FAMILY OFFICES, PENSIONS, ENDOWMENTS, OTHER INSTITUTIONAL INVESTORS”

In their initial announcement, the solutions provider stated that they have built a strong technical and operational standards best suitable for institutions, meeting clients expectations from an investment giant. They had also stated that their initial clients are “an important part” of the “final testing and process refinement periods”. This, in turn, would help the Fidelity provide their platform services to a “broader set of eligible institutions.”

The blog post read:

“OUR MISSION IS MUCH BROADER THAN PRODUCTS. INSTITUTIONAL INTEREST IN DIGITAL ASSETS IS EXPANDING, AND THESE ORGANIZATIONS REQUIRE SOPHISTICATED CAPABILITIES IN ORDER TO PROCEED.”

This comes as a euphoric announcement to several members of the community as it marks as one of the first steps taken to open the cryptocurrency market for institutional investors. This is mainly because of the custody solutions and trading venue platform provided by the financial giant. More so, some also believe that the changes bought by institutional players of Fidelity would bring some light in the regulatory stance on Bitcoin and other cryptocurrencies.

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Bitcoin – The Currency of the Internet

Streaming Wars: Does Apple Need to Dethrone Netflix to Succeed at Much-Hyped Video Service?

Rumors that an Apple streaming service was in the works have been running rampant for months. While Apple has not confirmed anything, several news outlets reported Wednesday that “sources familiar with the matter” told them about Apple’s efforts being close to coming to fruition. The exact date varies, but it appears the rollout wil happen  some time in the spring. Many had expected the announcement to be made during Apple’s Next Big Thing Event, which is scheduled for March 25, according to MacRumors. Apple to Invite Hollywood Stars to TV Service Launch on March 25 https://t.co/QW95w9EabM by @julipuli pic.twitter.com/iTR0x8esis —

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