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IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings


The U.S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies...

5,200 Tobacco Shops in France Now Sell Bitcoin


Bitcoin can now be purchased at 5,200 tobacco shops in France. Fintech startup Keplerk launched the service on Oct. 10 after halting it for many months. France’s 24,000 licensed tobacco shops have diversified into non-tobacco products to boost revenue. Also read: IRS Issues New Crypto...

Two Images and an API: Everything We Need for Recoloring Products


I recently found a solution to dynamically update the color of any product image. So with just one <img> of a product, we can colorize it in different ways to show different color options. We don’t even need any fancy SVG or CSS to get it done! We’ll be using an image editor (e.g. Photoshop...

IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In


The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard...

FOIN Allows Merchants to Accept Crypto Payments In-Store


FOIN, a cryptocurrency company and a developer of the transparent payment system FoPay, announced the strategic partnership with Cyclebit, a crypto payment solutions provider. According to the official information, starting from that day, FOIN, the decentralized peer to peer cryptocurrency for...

No Victim, No Crime: How the Darknet Drug War Is Ruining Young Lives


There aren’t many areas of modern society unaffected by the draconian war on drugs, and non-violent crypto exchange is no exception. Two San Diego men in their twenties reportedly pleaded guilty on Monday to charges of money laundering conspiracy, for selling cannabis on the darknet...

BitPay Achieves Service Organization Control (SOC 2) Compliance Review


Major Blockchain payments provider BitPay has proclaimed that it has passed the Service Organization Control Review (SOC 2). The review was conducted successfully by the Aprio, which is among the top 100 CPA led advisory firms. The tech audit firm assures maximum confidentiality and data privacy...

IRS Releases ‘Tax Cheat’ Info Raising Concerns About Crypto Theft


The U.S. Internal Revenue Service (IRS) released a new report and infographic on Thursday illustrating unpaid or underpaid taxes for the years 2011 – 2013. The numbers reflect estimates based on the last such findings, for the years 2008 – 2010. With commissioner Chuck Rettig citing...

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