Tag Archives: crypto

[ad_2][ad_1] It was a bearish start to the day. Bitcoin slipped from a morning intraday high $ 11,098.0 to an afternoon intraday low $ 10,779.0. Bitcoin broke through the first major support level at $ 10,950 and the second major support level at $ 10,803. Finding late support, however, Bitcoin …

[ad_2][ad_1] A former government contractor in Australia who mined cryptocurrencies using state-owned supercomputers avoided jail time. According to the Sydney Morning Herald, Jonathan Khoo was ordered to complete 300 hours of community service for installing code on two supercomputers operated by the Commonwealth Scientific and Industrial Research Organization, or CSIRO, …

[ad_2][ad_1] The US Internal Revenue Service (IRS) wants to pay a contractor $ 625,000 if he can breach level two privacy schemes and the privacy-focused crypto asset monero (XMR). The tax agency says the entity has “limited investigative resources” to track these types of cryptocurrency transactions. The US tax agency …

[ad_2][ad_1] On September 8, the IRS Criminal Investigation Department signed a $ 249,900 contract with a blockchain analytics firm to expand its crypto-tracking tools. The contract provides limited information, but follows a general IRS trend that steps up its game when it comes to encryption. The company behind the contract, …

[ad_2][ad_1] IRS tackles taxation of cryptocurrencies received in microtasks, Swiss Enable Crypto Payments Of: Robert A. Musiala Jr. At the end of last week, the US Internal Revenue Service (IRS) issued a memorandum on the topic “Taxation of the virtual currency received in the crowdsourcing job market”. The memorandum discusses …

[ad_2][ad_1] The cryptocurrency is evaluating traditional finance on its legacy of loans and loans with competitive interest rates (currently starting at 0.44% for Ethereum and 4.50% per year for bitcoin) and less complicated verification procedures. Holders of cryptocurrencies present their virtual assets as collateral to obtain loans paid in fiat …

[ad_2][ad_1] By Alexis Akwagyiram, Tom Wilson LAGOS / LONDON (Reuters) – Four months ago, Abolaji Odunjo made a fundamental change to his mobile phone business in a bustling street market in Lagos: he started paying his suppliers in bitcoin. Odunjo buys phones and accessories from China and the United Arab …

[ad_2][ad_1] Bitcoin is in bearish territory for the third consecutive day, and investors are still looking to DeFi for gains during the dump. Bitcoin (BTC) traded around $ 10,606 at 20:00 UTC (16:00 ET). Slipping by 0.90% compared to the previous 24 hours. Bitcoin 24 Hour Range: $ 9,894- $ …

[ad_2][ad_1] The cryptocurrency economy slid significantly on Thursday afternoon (ET), as the aggregate market cap of all cryptocurrencies shrank by more than 10% during yesterday’s trading sessions. More than 12 hours later, some of the major crypto assets are still down in value between 4-12% and some digital currencies have …

[ad_2][ad_1] In this problem: • IRS addresses the taxation of cryptocurrencies received in microtasks, Swiss Enable Crypto Payments • Blockchain shipping platforms TradeLens and ShipChain expand networks • North Korean cryptographic hacks recycled by the Chinese; Launch of cryptographic compliance tools • FBI conspiracy thwarts Bitcoin corruption, Ethereum Classic suffers …