Friday, October 30, 2020

Blockchain

How the IRS tracks down people who don’t report their crypto

Crypto income taxation is a murky arena at present. It would seem that even the U.S. Internal Revenue Service, or IRS, has a tough...

Bitcoin Developers Still Divided on Specifics of Taproot Activation

The code for Taproot, Bitcoin’s biggest upgrade in years, is finalized and has been packaged into a forthcoming update. Only, it’s not ready to...

Overstock Touts Voatz Blockchain Voting App as Solution to US Election Fracas

Days before a U.S. presidential election marred by court fights over vote counting and partisan allegations of rampant mail-in ballot fraud, Overstock.com is once...

Law Decoded: How I learned to stop worrying and love the election, Oct. 23-30

The United States is girding its loins for an election that has cast a pall over a far longer timeframe than we ever should...

Russia’s Gazprombank gets green light for crypto custody in Switzerland

Major private-owned Russian bank Gazprombank has received regulatory approval to launch cryptocurrency custody services through its Swiss subsidiary.According to an official announcement on Oct....

Tax professional explains the most important thing for US crypto holders

Wendy Walker, solution principal at the tax compliance company Sovos, described reporting as the most important aspect of tax filing that people in the...

Binance CEO denies allegations that the exchange’s US arm is a regulatory decoy

Changpeng Zhao, CEO of Binance, is pushing back hard against allegations that the crypto exchange set up its U.S. arm to circumvent regulations and...

Harvest Finance Boosts Bounty to $1M for Information Leading to Return of Exploited Funds

Decentralized finance (DeFi) protocol Harvest Finance has upped its bounty from $100,000 to $1 million for information leading to the return of $24 million...

‘Flash Loans’ Have Made Their Way to Manipulating Protocol Elections

Flash loans can be used for more than just siphoning funds out of poorly put-together decentralized finance (DeFi) protocols.That’s one lesson investors can learn...

Visa powers one more crypto card amid ongoing antitrust charges

As technology titans in the United States capture a larger part of their industries and beyond, regulators and governments have become increasingly concerned about...

Bank of Canada Governor Says Digital Dollar Project Moving Past Trial Stage

The chief of Canada’s central bank has said its national digital currency initiative is progressing past the experimental phase.In an interview with Reuters published...

Digital yuan will combat US ‘dollarization’ says former PBoC governor

China’s digital currency approach will favor its domestic retail system and prevent the dollarization of the economy according to one former senior official.Zhou Xiaochuan,...