USA | ForkLog - Part 169

ForkLog 19 04.03.2021

IRS clarifies when Bitcoin need not be reported on a tax return

US residents do not need to report the acquisition of cryptocurrency on the first page of Form 1040 if they adhere to the Buy&Hold strategy — a strategy that involves buying assets and holding them long term in anticipation of substantial price growth. This follows from the IRS's updated FAQ page.

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ForkLog 20 04.03.2021

Ripple CEO Brad Garlinghouse calls SEC lawsuit regulatory overreach

Brad Garlinghouse, the CEO of Ripple, and Ripple's co-founder Chris Larsen prepared court filings in response to the SEC's amended complaint. The regulator singled out individual accountability for top executives.

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ForkLog 13 04.03.2021

AP auctions NFT commemorating the 2020 U.S. presidential election on the blockchain

The Associated Press (AP) has put up for auction a non-fungible token (NFT) commemorating the 2020 U.S. presidential elections recorded on the blockchain.

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ForkLog 12 04.03.2021

Nvidia wins case alleging underreporting of revenue from GPU sales to miners

A California federal court dismissed a class action against Nvidia, accused investors of misrepresenting profits from selling GPUs to miners.

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ForkLog 42 04.03.2021

Former BitMEX CEO Arthur Hayes has not ruled out voluntary surrender to U.S. authorities

Former BitMEX CEO Arthur Hayes is negotiating with U.S. authorities for voluntary surrender, according to a transcript of court hearings from February 9, 2021.

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ForkLog 11 03.03.2021

CoinFlip adds Dogecoin support to 1,800 Bitcoin ATMs across 46 U.S. states

The operator of cryptocurrency ATMs CoinFlip added the ability to buy Dogecoin (DOGE) at 1,800 Bitcoin ATMs across 46 U.S. states.

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ForkLog 32 02.03.2021

US issues recommendations for countering China in AI

NSCAI published a report with recommendations for President Joe Biden, Congress, business and government leaders on preserving U.S. technological dominance. The commissioners approved the 756-page report in a vote on March 1, according to Venture Beat.

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ForkLog 18 02.03.2021

Class action filed against MoneyGram over Ripple partnership claims

Rosen Law Firm lawyers filed a class action against MoneyGram over statements about its partnership with Ripple and the XRP token, as stated on the firm's site.

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ForkLog 10 02.03.2021

New York prosecutors warn that cryptocurrency investments are extremely risky

New York Attorney General's Office warned about the 'extreme' risk of investing in digital assets. The agency also reminded participants in the cryptocurrency industry of accountability.

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ForkLog 23 02.03.2021

CBOE files to list Bitcoin ETF

The Chicago Board Options Exchange (CBOE) has filed an application to list a Bitcoin-based exchange-traded fund from VanEck.

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ForkLog 16 01.03.2021

Robinhood values FINRA settlement at $26.6 million

The crypto-friendly platform Robinhood is in talks with several regulators regarding a possible settlement of claims against them. The statement was made in a filing to the U.S. Securities and Exchange Commission (SEC).

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ForkLog 118 25.02.2021

Beeple’s Trump NFT Crossroad resold for $6.6 million

The digital artwork "Crossroad" by Mike Winkelmann, known as Beeple, was resold for a record $6.6 million. The non-fungible token (NFT) depicts the former U.S. president Donald Trump, who lost the election.

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