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The IRS and the Rising Cost of Crypto Tax Compliance

14.11.2023
David Kemmerer anticipates the unintended consequences of proposed new regulations on brokers reporting crypto transactions. Expensive “tax experts” are set to benefit financially, he says, even if ordinary investors won’t

Russian Banks ‘Fighting Back’ Against Digital Ruble – Report

14.11.2023
Source: pisotckii/Adobe Russian banks are reportedly “fighting back” against the digital ruble amid claims a CBDC launch would cost them $684 million a year. Per a report from Comnews, even the Central Bank’s commercial bank partners are “looking for ways” to “avoid” dealing with the coin...

Failure to ‘Properly’ Regulate Crypto Has Cost Ukraine $49bn – Study

10.11.2023
Source: Vaksmanv/Adobe Ukraine’s failure to adequately regulate the crypto sector cost the nation just shy of $49 billion in the period 2016 to 2022, a study has found. The study was carried out by Ukraine Economic Outlook, in association with the crypto exchange Kuna and an industry group named...

Bitcoin Fees Climb 150% in 3 Days as Block Space Grows More Expensive

9.11.2023
Transaction fees within the Bitcoin network have surged considerably, eclipsing the figures recorded merely three days prior. A transfer deemed high-priority, which formerly cost an average of $3.38, now demands a fee of $8.46. This significant increase was recorded on Thursday, November 9, 2023...

China Mulls Digital Yuan Settlements for Commodities

7.11.2023
The People’s Bank of China (PBOC) is considering using the digital yuan to settle services and commodities trades with Hong Kong. According to Di Gang, deputy director-general of the Digital Currency Institute of the PBOC, this would help companies avoid the difficulties of using a single...

MicroStrategy Acquires Additional 155 Bitcoin Worth $5.3 Million in October

2.11.2023
The prominent business intelligence and software company MicroStrategy reaffirmed its unwavering dedication to Bitcoin with the recent acquisition of an additional 155 BTC at a total cost of $5.3 million. On November 1, MicroStrategy’s chairman and founder, Michael Saylor, revealed that...

CD Projekt Red Spent Over $120 Million Saving Cyberpunk 2077’s Reputation

6.10.2023
Cyberpunk 2077’s highly acclaimed and massive expansion, Phantom Liberty, almost feels like its own game. That’s probably because the developers behind the expansion spent over $60 million on developing Phantom Liberty and $21 million on marketing it, bringing the total cost of producing the DLC...

Xbox Leak Estimates Cost Of Bringing Blockbusters To Game Pass

19.9.2023
Starfield was supposed to be Microsoft’s biggest release of 2022. When it ended up getting delayed, the company looked into striking deals with third-party publishers like Electronic Arts and Ubisoft for major blockbusters it could bring to Game Pass day-and-date to fill the gap. A new internal...

Jedi: Survivor Runs Much Better After Latest Patch, But At A Cost

15.9.2023
Good news! With the latest Star Wars Jedi: Survivor patch, the game is finally achieving a near-consistent 60fps throughout all its action and exploration, translating to a much smoother experience. However, to achieve this some visual cuts were made, and that has added some quirks that might...

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