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New Zealand Police Seize $91 Million From Russian Bitcoin Exchange Operator
23.6.2020
Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. Vinnik is the alleged owner of the collapsed BTC-e exchange. The funds were seized from bank accounts held by Canton Business Corporation, a New Zealand-registered company...
IRS Tells Couple With $7 Million in Bitcoin to Liquidate Crypto Assets and Pay off Tax Debt
17.6.2020
The Internal Revenue Service (IRS) has won a case in which it demanded that a Maryland couple liquidate their bitcoin to pay-off a $1.1 million tax debt. Alexander and Laura Strashny proposed to the IRS to pay their 2017 tax liability, generated from non-crypto activities, in installments over...
US Tax Court Says You Should Sell Your Crypto Savings If You Owe IRS
17.6.2020
The US federal court sides with the IRS in a dispute involving crypto whales and unpaid taxes
Crypto Taxes Are Due July 15, but Be Careful — You May Need More Time
15.6.2020
The Internal Revenue Service has already changed its deadlines to July 15, so if you are not ready to file your crypto taxes in a month, you should ask for an extension
Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses
10.6.2020
A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.S tax collection agency Internal Revenue Service (IRS) as people who trade...
66% of Coinbase Users Willing to Leave the Exchange Due to Mounting Privacy Concerns
8.6.2020
Two-thirds of people who use Coinbase are willing to leave the platform following reports that the U.S. exchange plans to sell user data to two government agencies for $250,000. Cryptocurrency trader and analyst John Rager carried out a poll on Twitter, asking his 73,000 followers: “Would...
Coinbase Offers US Feds New Crypto Surveillance Tools
6.6.2020
Coinbase Analytics vaults the massive crypto exchange into a crowded field of blockchain tracing companies all vying for millions of federal dollars
Your Crypto Taxes Can Be Donated to Charity Instead
5.6.2020
Cryptocurrency has become one of the easiest ways to donate to charity without the funds being funneled to third parties
How You Could Save Money When Reporting Crypto Taxes
16.5.2020
There is no denying that you should be paying taxes on your income from crypto, but how can you ensure that you are not paying more taxes than you owe?
IRS Seeks Third-Party Contractors to Help With Taxpayers’ Crypto Calculations
13.5.2020
The United States Internal Revenue Service is reportedly soliciting outside contractors to assist with calculations of cryptocurrency users’ transactions
IRS Solicits Contractors to Help Examine Crypto Traders’ Tax Returns
13.5.2020
The IRS is emailing crypto startups with an offer to "assist our Revenue Agents in calculating taxpayers' gains or losses as a result of their transactions involving virtual currency."
Proof-of-Stake or Proof-of-Work, That Is the Question
8.5.2020
An analysis of the advantages and disadvantages of the blockchain protocols that are the basis of the entire industry
New York Regulator Hires Former IRS Silk Road Investigator as General Counsel
28.4.2020
The New York Department of Financial Services has appointed former IRS Criminal Investigations head Richard Weber as its new general counsel
Oil Crashes, Satoshi Speculations, and Earth Angel Scams: Bad Crypto News of the Week
25.4.2020
Check the bad crypto news of the past week
Banks Could Intercept Your COVID-19 Stimulus Checks — Enter Crypto
21.4.2020
In response to the COVID-19 pandemic, the traditional banking system shows its vulnerability, which could not happen with crypto
Congress and IRS Virus Relief Allow Loss Carrybacks, Tax Refund Claims
20.4.2020
Got crypto losses? The IRS has updated some guidelines and procedures in response to the COVID-19 pandemic
‘Governments Will be Unable to Shut It Down’ – John McAfee to Launch Privacy Centric Crypto
14.4.2020
The U.S. Presidential candidate who remains on the run from the IRS, John McAfee, announced he’s launching a new privacy coin called Ghost. McAfee says the Ghost cryptocurrency will be a proof-of-stake (PoS) coin and it will be available on his decentralized exchange (dex). The former...
The Tax Man Cometh — Who Will Pay for the COVID-19 Stimulus?
11.4.2020
An individual in the U.S. may have to pay a capital gains tax when purchasing a single cup of coffee with Bitcoin
Non-Stimulus Tax Rules You’ll Need This Year
10.4.2020
The IRS has already started crucial initiatives to fight against the COVID-19 crisis, but will they benefit taxpayers?
During Coronavirus Pandemic, IRS Cuts Taxpayers Some Much Needed Slack
31.3.2020
The IRS has already changed some important payment deadlines and started crucial initiatives to help taxpayers. Will it help to win the fight against COVID-19?