Digital currency evolves in the eyes of IRS
The days of digital currency being used in unmarked trades that result in profit or loss are over–and that’s not a bad thing, Patrick Thompson writes.
Latest Business News
Centra Tech: Founder of celeb-hyped ICO gets jail time
Robert Farkas, the founder of Centra Tech, will also have to forfeit $347,000 he gained from his fraudulent operation.
Mt. Gox trustee announces rehabilitation plan for creditors
Nobuaki Kobayashi filed the plan with the Tokyo District Court, setting out how he intends to apportion the firm’s remaining assets between creditors, including former users, who are still awaiting money.
Beaxy Exchange adds two Bitcoin SV trading pairs
Fabriik Markets will be providing liquidity and market-making services for the trading pair while Beaxy will be giving American citizens in 42 states an easy, safe, and compliant way to enter and exit BSV.
Digital yuan not a replacement for the US dollar: ex-PBoC governor
China had learned a lesson from the hostile reception Libra, now Diem, has received globally, according to the former governor of the People’s Bank of China.
Sweden launches review on possible switch to e-krona
The review will reportedly take two years, with the results expected to dictate the way forward for the European nation.
Virgil Griffith wants to know what crimes he is charged with in latest motion
Ethereum developer Virgil Griffith is still unaware of the exact crimes the U.S. government is charging him with, his lawyers have claimed.
Nexus Mutual attacker wants $3 million in ransom money
The Nexus Mutual attacker has reached out to Nexus Mutual CEO Hugh Karp demanding $2.8 million (4,500 ETH) in ransom money.
Putin signs order requiring Russia officials to report digital currency holdings
Public officials in Russia must include digital currencies owned by their spouses and children, and must report by June 30, 2021.
SEC wins $700,000 illegal ICO case against Blockvest
A U.S. federal court has ordered the company and its founder to pay $700,000 in disgorgement of ill gains and civil penalties.
Here’s how Anypay makes it easier for merchants to accept digital currency payments
Now that Anypay has been integrated into the Acadia POS system, merchants can seamlessly accept digital currency the same way they accept debit and credit cards.
The ILO: Does someone want to tokenize Kleiman vs Wright lawsuit?
Win or lose, an ILO token could potentially be traded on the open market, with price speculation creating profits far higher than any amount needed to fund litigation.
Suzhou residents make 20,000 digital yuan transactions on Double 12
Chinese residents in the city of Suzhou made close to 20,000 transactions in a digital yuan trial on e-commerce giant JD.com.
Nexus Mutual attacker cashes out $3 million
The Nexus Mutual attacker has cashed out roughly $2.7 million of the $8 million stolen from Nexus Mutual CEO Hugh Karp on December 14th.
How to earn Bitcoin via Twetch
If you are not already on Twetch you will want to sign up for it ASAP, there is no other social media app that lets its users profit by posting or own their own data.
Bitfinex: NY attorney general extends submission deadline
New York Attorney General Letitia James has requested a New York court to extend the deadline for documents submission by iFinex Inc., the parent company of Bitfinex and Tether.
Theory of Bitcoin – the White Paper: Saving disk space and simplified payment verification
Dr. Craig S. Wright and Ryan X. Charles talk about simplified payment verification, blockchain data pruning, and ways potential problems might be handled in the future.
Argyle Coin founder involved in $25M scam gets 7 years in jail
Jose Angel Aman defrauded investors in Canada and the United States from 2014 to 2019, soliciting them to invest in diamond contracts, authorities said.
Leading Singapore bank to launch digital asset exchange
DBS Group Holdings is planning to establish a new digital asset exchange, in response to rising demand for digital currencies.
$8 million stolen in unusual DeFi hack
Nexus Mutual founder Hugh Karp had his personal wallet hacked which resulted in over 370,000 NXM ($8 million) being stolen from him.