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US Court Authorizes IRS to Issue Summons for Crypto Investors’ Records


The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party...

JPMorgan: Demand for Crypto as Payment Method Has Drastically Declined


Global investment bank JPMorgan is seeing little demand for crypto as a payment method. However, the bank noted that cryptocurrencies are becoming “larger and larger” in the gaming sector, including in the metaverse. JPMorgan Sees Little Demand for Crypto as a Payment Tool The global...

1inch Finds Vulnerability in Address Generating Tool Profanity


Several 1inch contributors recently discovered a vulnerability in Profanity. The Ethereum-based vanity address generating tool is one of the most popular names on the network. Usually, Ethereum users create wallets by calculating a hash of a public key extracted from a random private key. While...

Why Crypto Isn't a Tool for Protest in Argentina


The idea that growing stabelcoin use can offer a solution to Argentina's persistent economic and political problems doesn't accord with reality, says Leah Callon-Butler after a recent visit

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