[ad_1] In a press release, IRS Commissioner Chuck Rettig said: “Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties. The IRS is expanding our efforts involving virtual currency, including increased use of data analytics. We are focused on enforcing […]
Category: bitcoin
Japan reportedly pushes ‘international network for cryptocurrency payments’
[ad_1] As governments around the world try to figure out how to deal with everything from Bitcoin to Facebook’s Libra, Japan has usually been a step or two ahead in dealing with cryptocurrency. Bitcoin has been a legal form of payment there since 2017 and it’s begun issuing licenses for exchanges. Now Reuters reports, based […]
The FBI wants help from victims of QuadrigaCX’s cryptocurrency collapse
[ad_1] Remember that wild cryptocurrency story from earlier this year? The one where a Canadian exchange shut down shortly after co-founder and CEO Gerald Cotten died, claiming he was the only one who could access its wallets. Wallets that should’ve stored assets for 76,000 customers with a value of around $200 million (CAD). If any […]
HTC will release a cheaper blockchain phone later this year
[ad_1] HTC has revealed one tantalizing detail, though: the phone will double as a full node. That means the device can act as one of the distributed points that validate and relay transactions on the Bitcoin blockchain. It won’t be able to mine any cryptocurrency, but Phil Chen, Decentralized Chief Officer at HTC, told Engadget […]
A ransomware attack is holding Baltimore’s networks hostage
[ad_1] Nearly every department of the city government was affected in some way, though the police, fire, emergency response and 311 systems remained up. The city’s phones are still active, and employees are at work. City Council did cancel at least one hearing on gun violence. According to the Baltimore Sun the ransomware — a […]
Hackers stole $40 million from a major Bitcoin exchange
[ad_1] Not the best of days, but we will stay transparent. Thank you for your support!https://t.co/Y1CQOatEpi — CZ Binance (@cz_binance) May 7, 2019 “The hackers had the patience to wait, and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time,” wrote Binance CEO Zhao Changpeng in a statement. “We must conduct […]
E*Trade may offer trading for Bitcoin and Ethereum
[ad_1] E*Trade wouldn’t comment on the report. While trading in virtual currencies certainly isn’t a novelty, E*Trade’s involvement could give it legitimacy among mainstream investors who might not want to venture beyond familiar names or are skittish given the occasional scandal. The influx of more conventional traders might also help stabilize a crypto market that […]
Cryptocurrency exchange accused of covering up $850 million loss
[ad_1] The AG says Bitfinex lost access to funds it had transferred there after regular banks stopped handling its business and subsequently dipped into $900 million of Tether’s cash reserves. According to the filing, Crypto Capital Corp. told Bitfinex the funds were “seized by governmental authorities in Portugal, Poland, and the United States” but the […]
iFixit pulls its Galaxy Fold teardown at Samsung’s request
[ad_1] The Galaxy Fold won’t make its planned launch date as Samsung looks into problems experienced by several reviewers with test units. In the meantime, the folks at iFixit did what they do best and pulled one apart, but on Thursday explained their choice to “withdraw” the teardown. While iFixit usually gets a device specifically […]
Silk Road 2 founder sentenced five years after the site was shut down
[ad_1] In 2013, the FBI seized Silk Road, a notorious online marketplace that offered anonymous drug and gun sales. Its creator Ross Ulbricht was later sentenced to life in prison. White reportedly launched Silk Road 2 almost immediately after the original site came down, but by the time the feds shut it down, he had […]