Page 40«..1020..39404142..5060..»

Cloud Computing Confirmed for Travers | TDN | Thoroughbred Daily … – Thoroughbred Daily News

Cloud Computing at Saratoga | Sarah K. Andrew

After some deliberation by trainer Chad Brown, Klaravich Stables and William Lawrences GI Preakness S. winner Cloud Computing (Macleans Music) will compete in Saturdays GI Travers S. at Saratoga, the Eclipse Award-winning conditioner confirmed Monday morning. The latest addition to the expected full field augments an already competitive race that is expected to also draw GI Kentucky Derby winner Always Dreaming (Bodemeister) and GI Belmont S. hero Tapwrit (Tapit) from the Todd Pletcher barn.

Second in the Mar. 4 GIII Gotham S. and third in the Apr. 8 GII Wood Memorial S. prior to his win in the Preakness May 20, Cloud Computing returned from a two-month layoff with a disappointing last-of-five finish as the 6-5 second choice in the July 29 GII Jim Dandy S., the traditional prep for the Travers. He was asked to stay closer to a decidedly moderate pace that day and came up empty in the stretch, despite being beaten just 4 3/4 lengths by Good Samaritan (Harlans Holiday). The colt has worked twice since then, most recently posting a five-furlong move in 1:01.65 Saturday.

He couldnt have worked any better, said Brown. I was very happy with the work and Javier was pleased, and he came out of his work well.

Brown said recently inducted Hall of Fame jockey Javier Castellano will ride Cloud Computing in the Traversa race he has won a record five times.

Not a subscriber? Click here to sign up for the daily PDF or alerts.

Here is the original post:
Cloud Computing Confirmed for Travers | TDN | Thoroughbred Daily … – Thoroughbred Daily News

Read More..

Digital Deluge on the Cloud – Valley News

Seattle More than 2 billion people log into Facebook every month. Every day, the social-media crowd uploads billions of photos, calls up hundreds of millions of hours of video, and fires off a prodigious flurry of likes and comments. Somebody has to store that slice of humanitys digital record.

Much of that task falls to Surendra Verma, a Seattle engineer who for more than 20 years has been building software that files away and retrieves large volumes of data.

Verma leads the storage team at Facebook, the group charged with making sure that the social network can accommodate its daily deluge without losing someones wedding photos.

Most of that unit is based in Seattle, part of a workforce that today numbers 1,600 people, up from just 400 three years ago. That makes Facebook one of the fastest- growing technology companies outside of Amazon, anyway in the city.

While Facebook employees work on a wide range of products in Seattle, the office has developed a specialty in the geeky realm of systems software.

About a quarter of the Facebook engineers in Seattle work on the companys infrastructure projects, the tools to transmit, store and analyze the growing heap of data people feed into the social network.

Thats a common trade in the region, where Amazon Web Services, Microsoft and Google are all building their own clouds giant, globe-straddling networks of data centers and the software that manages them.

Facebook could have built its products on computing power rented from those cloud giants, but it decided to build its own tools, from custom hardware designs all the way to mobile applications. Supporting Facebooks network are nine massive data centers a 10th, in Ohio, was announced earlier this month.

Facebooks cloud is different from the others in that its designed to support just one customer: Facebooks own apps.

They happen to be some of the most widely used pieces of software in the world and their use keeps expanding.

Verma is an Indian-born engineer who got his start at IBM before moving to Microsoft, where he worked most recently on Windows file systems. He joined Facebook in 2015.

By then, the Seattle office had come to pilot Facebooks storage-software efforts. We could find some very good engineers here, he said. And so a bunch of these projects started, and just got momentum from there.

His teams job, he said, is to be invisible to Facebooks product groups, letting the companys other engineers build whatever they can think up on top of a reliable foundation.

But a wave of new services, and the rapid growth in the number and quality of videos and photos that people share, is putting a huge burden on the networks infrastructure.

Facebook in January 2016 started a monthslong rollout of live video streaming, a milestone in the social networks effort to compete with popular streaming services.

Then Instagram Stories, aimed at competing with the ephemeral photo-sharing application Snapchat, launched last August, and quickly made its way to 250 million monthly users. (Facebook bought Instagram in 2012.)

Up next: live video broadcasts on Instagram, called Live Stories, a feature the product group hoped to launch before Thanksgiving.

Vermas team wasnt sure its systems could meet that deadline, and negotiated a few days of delay on the planned start date. After scrambling, the team scraped together the internal storage space needed to accommodate the new feature, which went live Nov. 21.

We looked very hard at our capacity, everywhere, Verma said. We scrounged everything we could, looked at nooks and crannies.

One of the people doing the looking was J.R. Tipton, a manager on Vermas team.

Tipton left the Chicago suburbs and came to Seattle in 2001 for the same reason as thousands of others in the 1990s and 2000s: a job offer from Microsoft.

Fifteen years later, he became part of another phenomenon reshaping the region, opting to leave maturing Microsoft for a job with a younger tech giant in the area.

I wanted an adventure, Tipton said of his move to Facebook last year.

Tipton and Verma are among the 640 people at Facebook in Seattle who, on LinkedIn, list past experience at Microsoft.

Seattle, home to Boeings legions of engineers long before Microsoft came along, has never really been a one-company town. But the range of options for technologists has ballooned in the last decade, with Amazon uncorking another Microsoft-like growth spurt, and Silicon Valley giants seeding local outposts to scoop up some of the talented software developers here.

When Facebook set up shop in Seattle in 2010, it was the companys first U.S. engineering office outside its Menlo Park, Calif., headquarters. Last year, Facebook Seattle, which then numbered about 1,000, moved into nine floors of custom-designed office space. That was followed in short order by two more leases that would give the company enough space for about 5,000 employees in Seattle.

Today, Tipton works on the Facebook system that is the last line of defense keeping peoples photos and videos from getting wiped out by a software error or power outage at a data center.

That would be cold storage, the backup system storing redundant copies of all of the photos, videos and other data Facebook stores.

The engineers who designed the system in 2013 wanted to build something more efficient than the typical rack of servers, which suck up energy both to keep their hard drives powered on and to run the fans and air-circulation systems that keep the stack of electronics from overheating.

The company landed on a design that leaves most hard drives in Facebooks rows of servers powered down until needed, hence the cold in cold storage. The software built to run that system was designed to handle plenty of growth in the amount of data people were throwing at Facebook.

Each cold-storage room in Facebooks data centers was built to house up to one exabyte of data. Thats 1,000 petabytes, or 1 billion gigabytes, or the combined hard drive space of 500,000 top-of-the-line MacBook Pro laptops. At the time, it seemed laughably huge, Tipton said of the software layer built to manage all of that.

Last year, it became clear it wouldnt be enough, the result of growth in both the number of Facebook users and the launch of data-intensive features like Instagrams Live Stories.

Tipton and his Seattle-based group spent the first half of 2016 taking a long look at the cold-storage software, which was starting to show its age in a world of 360-degree video. They could invest more time and energy in keeping the old architecture working, or rebuild.

They opted to rebuild.

It has to be much, much bigger, he said.

Tipton has metaphors at the ready to describe that continuing challenge, the fruit of years explaining his day job to nontechies.

You stand on top of a hill and see the buffalo herd coming, he said.

And if that doesnt sound harrowing enough, he tries again: Were basically laying the railroad track down as the train is coming.

Here is the original post:
Digital Deluge on the Cloud – Valley News

Read More..

How Can You Improve Document Management By Integrating Cloud-Based File Sharing And What You Need To Know … – Business 2 Community

Over the past few decades, cloud has gained immense popularity courtesy of the increasing demand of data storage and rapid advancement of technology. Due to the latest developments, cloud is no longer a service that only large and medium enterprises can opt for. Instead, it has become accessible for businesses of all sizes. Nowadays, SMBs often rely on cloud based storage for keeping the business critical data safe and secure. It not only helps them save cut the cost of renting or buying physical storage but also enables them to secure all the data, in the best possible way.

Webcast, August 29th: How to 8x Your SEO Traffic With These 3 Power Hacks

Since file sharing, too, is an important task that almost every business has to perform, business owners prefer doing it via cloud. No matter whether its about sharing internal files or sending some documents to a client or a third party, doing it through the cloud is considered to be easy and fast. In fact, cloud based file sharing is considered to be an effective alternative for backup solutions. This is especially applicable for organizations who want to ensure flexible file access for all their employees. If you are planning to invest in cloud based file sharing and improve the document management system within your organization, there are certain things that you must know.

If you are planning to shift to a cloud based document management solution and not sure whether or not it would be a relevant solution for your business, consider these factors thoroughly and take the right decision for your business.

Read the original here:
How Can You Improve Document Management By Integrating Cloud-Based File Sharing And What You Need To Know … – Business 2 Community

Read More..

What You NEED To Look For In A Cloud Hosting SLA – TG Daily (blog)

In the modern world of business IT, the cloud is king thats just a fact. According to a recent survey, 95% of all businesses are using either public or private cloud hosting services and the vast majority of businesses are contracting with at least 6 different cloud computing providers.

This makes sense, of course. Cloud computing is inexpensive, reliable, and available even to SMEs (Small-To-Midsized-Enterprises), who often could not afford expensive, on-site IT infrastructure.

However, not all cloud hosting Vancouver companies are the same. As the cloud becomes more and more important to critical business operations, robust Service Level Agreements (SLAs) are essential for any business with a cloud hosting partner.

Essentially, an SLA is a legally-binding document that defines performance standards, uptime, and customer support standards between a cloud provider and a business.

In this document, things such as expected network uptime, Mean Time Between Failure (MTBF), data throughput, and server/software performance are defined in plain language.

The requirements both for the hosting provider and the customer are also defined as are the next steps that can be taken if either party fails to uphold their end of the contract.

An SLA is the single most important document youll sign when choosing a new cloud hosting partner. So heres what you should look for before signing a new cloud hosting SLA.

Cloud hosting SLAs are complicated documents but there are some simple things that you can look for to ensure youre signing an SLA from a reputable company.

System Uptime This is the single most important guarantee you can get on your SLA. Any reputable cloud hosting company should offer system uptime of 99.9% or higher, and have clear guarantees for compensation in case they fail to uphold the system uptime standards outlined in the SLA.

Clear Support And Response Time Guidelines Your SLA should include guarantees both for the level of customer support, and response times from support staff. Try to choose a cloud hosting provider that offers 24/7 customer support, and has a clear policy for fast, reliable response times.

Detailed Definitions For Data Ownership And Management Any SLA you sign should include details about data ownership. You must make it clear that your company still owns any data hosted by a third party.

Your SLA should include language that makes your data ownership clear as well as detailed next steps for retrieval of proprietary data in case you must break the service contract.

Clearly-Defined System Security An SLA should always include a set of security standards that are clearly defined, and testable by you, or a third party.

Your SLA should also allow you to take appropriate security precautions if desired such as using a third-party auditing service to ensure your data is properly protected.

Steps That Can Be Take In Case Of Non-Compliance Or Disputes If your cloud hosting provider fails to uphold their SLA, there must be proper, legal steps that your company can take to exit the contract, or obtain compensation from the company.

A clear strategy for resolving conflicts should be defined as should a clear exit strategy that can be implemented in case the terms of the contract are breached.

Any reputable cloud hosting company in Canada should be willing to create an SLA with these terms and if you find that your potential partner is unwilling to create a comprehensive SLA for any reason, walk away. You should never enter a contract with a cloud hosting provider without an SLA the risks are simply too great.

An SLA is a multifunctional legal document. It protects both you and your cloud hosting partner, and ensures that your business relationship is mutually beneficial.

For this reason, you should only do business with reputable companies that offer robust SLAs. And if you follow these tips and understand the basics behind SLAs, youre sure to find success when searching for a cloud hosting partner in Canada!

Read more from the original source:
What You NEED To Look For In A Cloud Hosting SLA – TG Daily (blog)

Read More..

President Trump Could Cost US Cloud Computing Providers More … – The Data Center Journal

The U.S. cloud computing industry stands to lose more than $10 billion by 2020 as a result of President Trumps increasingly shaky reputation on data privacy, according to the latest research from secure data center experts Artmotion.

Growth for U.S. cloud computing providers is already thought to be slowing. Although IDCs latest Worldwide Public Cloud Services Spending Guide suggests that the US will generate more than 60% of total worldwide cloud revenues to 2020, the country is expected to experience the slowest growth rate of the eight regions in the analysis.

However, this forecast slowdown does not factor in the effect that President Trumps controversial record on data privacy has had on business confidence in the U.S. as a data hosting location. This coincides with a rapid increase in people expressing unfavorable opinions about the U.S. more generally. In fact, the latest study from the Pew Research Center highlights that just 22% of people have confidence in President Trump to do the right thing when it comes to international affairs.

As a result of this growing uncertainty, Artmotions new analysis suggests that U.S. cloud providers will experience further slowing of growth in the next three yearscreating estimated losses of $10.1 billion for the industry between 2017-2020.

Mateo Meier, CEO of Artmotion, commented: In a market that is still expected to grow significantly in the next few years, it is vital that U.S. service providers continue to attract new customers in order to retain market share. Despite the U.S.s current dominance of the global cloud computing market, there is no certainty that the status quo will be maintained. Perhaps the key reason for US cloud providers to be fearful is that this isnt the first time weve been here.

Edward Snowdens revelations about PRISM and the NSAs mass surveillance techniques were hugely damaging to U.S. cloud companies. It also encouraged many businesses to completely rethink their data strategies, rather than continuing to trust that U.S. cloud providers would guarantee the levels of data security and privacy they need. The impact that President Trump could have needs to be understood in that context.

Artmotions full analysis is available as a free download here.

President Trump Could Cost US Cloud Computing Providers More Than $10 billion by 2020 was last modified: August 25th, 2017 by Press Release

View original post here:
President Trump Could Cost US Cloud Computing Providers More … – The Data Center Journal

Read More..

Bitcoin poised to challenge record after recovering from correction – MarketWatch

The price of bitcoin made another run at a record high on Friday as the cryptocurrency bounced back from correction territory.

The price of one bitcoin BTCUSD, -0.76% rose 2.4% to $4,466.78 Friday, after touching an intraday high of $4,496.29. On Aug. 17, the cryptocurrency had touched a record high of $4,510.78, and proceeded to drop below $3,800 on Tuesday, a more than 15% slide, before turning around.

Bitcoin now carries a market cap of $73.81 billion, and demand for graphics processing cards used to mine for bitcoins has far outstripped supply from companies like Nvidia Corp. NVDA, -0.84% and Advanced Micro Devices Inc. AMD, -0.56%

On Thursday, The Securities and Exchange Commission suspended trading of shares of First Bitcoin Capital Corp. BITCF, +4.68% which have jumped more than 6,0000% this year alone, because of concerns about the accuracy of information about the Canadian company.

Ether, the cryptocurrency running on the Etherium network, saw its price rise 2.7% to $334.61, still off its high of $388.49 set on June 15. Ether has a market capitalization of about $31.48 billion.

The market cap of all cyptocurrencies again passed above the $150 billion mark on Wednesday, and stood at $156.43 billion on Friday, according to Coinmarketcap.com. By means of comparison, the closest S&P 500 index company with a market cap of that size is Walt Disney Co. DIS, +0.88%

Originally posted here:
Bitcoin poised to challenge record after recovering from correction – MarketWatch

Read More..

Bitcoin Prices Rise But Fall Short of All-Time High – CoinDesk – CoinDesk

The price of bitcoin closed in on its all-time high of $4,522.13 today, though it ultimately fell short of surpassing the total, first seton August 18.

At press time, the price of bitcoin had hit a high of $4,496, just 1% above opening, only to to fall back to $4,386, a move that marked the next leg in a volatile week for the cryptocurrency. Just this morning, the price surged above the $4,400 mark againafter dropping below $3,000 several times over the last seven days.

Over the past week, however, the price of bitcoin is up 7%, according to data from the CoinDesk Bitcoin Price Index (BPI), and it’s now up 68% month-over-month.

The steady uptick has come at a time when the rising prices of bitcoin and other cryptocurrencies has pushed the collective market capitalization for those networks to new heights as well.

Two days ago, the overall market cap climbed above $150 billion for the first time, according to data provider CoinMarketCap, and today the market was hovering near all-time highs.

At publication, the total value of all cryptocurrencies was$153 billion.

Balloon image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [emailprotected].

Excerpt from:
Bitcoin Prices Rise But Fall Short of All-Time High – CoinDesk – CoinDesk

Read More..

Bitcoin and Artificial Intelligence Can Help Fight Sex Trafficking … – Fortune

Computer science researchers at the University of California, Berkeley have developed new tools to identify sex trafficking rings, making them easier for law enforcement to target and prosecute.

Those efforts have been stymied, according to the researchers report, by the vast quantity of ads for sex posted to websites like Backpage.com, only a portion of which may point to human trafficking or sex slavery. Screening thousands of new ads every day can also take a mental toll on human workers. The new technique, developed by a team including PhD candidate Rebecca S. Portnoff, combines two distinct approaches to solving that problem. First, the team created a machine-learning filter that finds stylistic similarities between ads for sex services posted to sites like Backpage.com. That makes it easier to distinguish between women voluntarily engaging in sex work, and those being forced into it by criminal organizations posting multiple ads.

The second technique goes even deeper. Because Backpage is the most used portal for advertising sex services, credit card processors like Visa refused to service the site starting in 2015. That left Bitcoin as the preferred means of paying for ads. The Berkeley researchers took advantage of Bitcoins public blockchain a record of all transactions to identify payments for sex ads originating with the same Bitcoin user, again providing evidence of a larger organization and likelihood of trafficking.

Get Data Sheet, Fortunes technology newsletter.

Those linkages could be used to subpoena further records from Bitcoin wallet services, or to expand on sting operations conducted using phone numbers or other contact information listed in the ads.

Bitcoin was initially hailed as an anonymous way of paying for services, making it hugely popular among users of Darknet markets like Silk Road and, later, AlphaBay. But law enforcement and cybersecurity researchers have shown that its not hard to track and trace Bitcoin transactions, and even to connect them to real-world names. That has helped bring down dark markets, while also spurring the development of less traceable cryptocurrencies like Monero and Zcash.

The Berkeley researchers said that, after encouraging tests, NGOs, companies, and law enforcement agencies are either already using, planning to use, or expressing strong interest in the new techniques.

This is part of Fortunes new initiative, The Ledger, a trusted news source at the intersection of tech and finance. For more on The Ledger, click here.

Excerpt from:
Bitcoin and Artificial Intelligence Can Help Fight Sex Trafficking … – Fortune

Read More..

Bitcoin’s Lightning Network Moves Closer to Compatibility – CoinDesk – CoinDesk

Nearlyayear after bitcoin’s scattered group of Lightning Network developers first gathered to unite their different implementations, the rules they could one day use to connect their technologies are almost complete.

In interviews, those involved with the open-source project (viewed as one of the best ways to bring additional capacity to the nearly $70 billion network), spoke to the new sense of direction provided by bitcoin’s recent SegWit upgrade. Still, they also cautioned that, while SegWit lays the foundation for Lightning, standards are needed to connect work that’s already been done.

“The specification is mostly complete, with minor amendments and inconsistencies that we are figuring out,” said Blockstream engineer Christian Decker, co-author of an early Lightning research paper at ETH Zurich.

Put another way, if each Lightning implementation used different technologies, then the networks wouldn’t be able to “talk” with one another, and thus wouldn’t be useful for sending payments across the network. (Alice would not be able to send to a paymentto Bob if he were using another, incompatible network.)

Lightning engineers, however, are almost done drawing up the standards.Lightning Labs CEO and co-founder Elizabeth Stark told CoinDesk:

“The specification isn’t 100% at 1.0 yet, but it’s very close.”

While this marks a major stepfor the second-layer payment network, however, there are plenty of other steps still to take.

The open-source GitHubspecifications,comprised of 11 Lightning “BOLTs,” now describe thetechnical details that all implementations need to work on, such as transaction formats and how messages should be passed across the network.

The most obvious next stepis translating these BOLT rules into actual code, though work here is alsowell underway. (MIT Digital Currency Initiativeand bitcoin startups ACINQ, Blockstream and Lightning Labs are all currently coding up implementations that obeythese rules.)

Additionally, Decker said he is working on a tool that testshow well the Lightning implementations work together.As Lightning developers finish coding up what’s in the specifications, this will allow them to test whether they’re truly compatible.

However,while it’s “moving along nicely,” Decker said the tool, just like the other parts of the Lightning Network, is still in progress.

Disclosure:CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Blockstream and Lightning Labs.

Lightning strikeimage via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [emailprotected].

See original here:
Bitcoin’s Lightning Network Moves Closer to Compatibility – CoinDesk – CoinDesk

Read More..

Bitcoin Investors, Beware: The IRS Is Coming for Your Vast Riches – TheStreet.com

Uncle Sam has Bitcoin traders on the radar these days, as the cryptocurrency passes $4,300 in late August trading.

With more assets pouring into digital currencies, the federal government, via the Internal Revenue Service, is looking to get its fair share from Bitcoin — a cutthat the IRS doesn’t believe it’s been getting until now.

That could change, and fast, as the IRS is using a software program that monitors Bitcoin-based digital addresses, in a campaign to identify potential tax evaders.

Using a customized software program from Chainalysis, a blockchain data analysis firm in New York City, the IRS expects to extract more intelligence — and potentially more fraud — from virtual currency movements through the blockchain and centralized currency exchanges. Chainalysis says it’s able to track approximately 50% of all Bitcoin activity, and 4million additional Bitcoin addresses, more than enough to get an accurate gauge on who’s hiding cash from the IRS.

Are you investing in cryptocurrency? Don’t miss TheStreet’s coverage:

“The IRS is under pressure to increase compliance in digital coin tax reporting based on an audit done by the US inspector general, and has taken other steps to identify unreported digital currency transactions such as a John Doe request of Coinbase and a survey of filed returns,” explains Randy Tarpey, a digital currency tax specialist at Sickler Tarpey & Associates, in Tyrone, Pa.

With no third-party tax reporting to the IRS currently available, the agency has no automatic way to enforce or encourage tax reporting compliance other than 1099-K reporting which only covers a few taxpayers, Tarpey says. “While taxpayers can initially avoid reporting digital coin transactions the blockchain is public, and once enforcement begins, transactions are easily obtained,” he notes.

The nature of Bitcoin makes it difficult to track in some respects, says Dean Anastos, CEOat Blockchain Developers in New York City.

“Bitcoin itself is based on technology that makes its ledger public,” Anastos says. “Essentially all the transactions taking place within its infrastructure is viewable by anyone analyzing the blockchain.”

But what’s not so easily identifiable is the user themselves, he says.

“However, the IRS would always have the capability to track the transactions to a possible point of sale where the delivery of a product or service has taken place for the particular Bitcoin user being scrutinized,” Anastos explains. “But this particular strategy doesn’t work well with Bitcoin users who are able to make use of something called tumblers – blockchain services that obfuscate the source of transactions by mixing them up with other transactions, making it difficult to trace transactions.”

“The promise of cryptocurrency was a paperless, transparent, but anonymous way of conducting financial transactions,” states Norm Pattis, abest-selling legal author and a cryptocurrency specialist. “Needless to say, taxing authorities find that threatening, and the regulatory net is tightening.”

Bitcoin is regarded as property and not a currency by the IRS, Pattis explains. “As property, it is taxable as a capital gain when converted into cash or a cash equivalent,” he says. “Given Bitcoin’s volatility, determining the tax basis will be a headache for those who dip in and out of the Bitcoin market.”

As Bitcoin becomes more popular and is trusted as a medium of exchange, the federal government will no doubt come to regard it as income, Pattis adds. “Nothing of value lies beyond the grip of the taxman for long,” he says. “The whining you hear coming from your computer is Bitcoin gasping for breath as the taxman squeezes.”

There are ways to avoid the taxman, Pattis says. “While tracing IP addresses will snare the causal user of Bitcoin, those determined to cover their tracks can use scrambling devices and the dark net to evade detection,” he says.

The Bitcoin exchanges can provide more transparency to thwart fraudulent activity, Tarpey says, and help keep the Bitcoin market clear of tax cheats.

“Bitcoin is typically taxed as property and reported annually on Schedule D as capital gain or loss when Bitcoin is cashed in,” he states. “Bitcoin that is not cashed is not taxed until the gain or loss is realized. Miner Bitcoins are taxed as business revenue when transferred to the miner.”

But exchanges could and should report gains or losses on IRS Form 1099-B, just like stocks and bonds. “This small change would assist taxpayers to comply with tax law they may be unintentional overlooking,” Tarpey adds.

“Digital currency is growing rapidly and has many valid uses and avid supporters. Tax filing for digital currency needs to be improved for everyone’s benefit,” Tarpey says.

More of What’s Trending on TheStreet:

See original here:
Bitcoin Investors, Beware: The IRS Is Coming for Your Vast Riches – TheStreet.com

Read More..