IRS spends $250,000 on crypto-tracking tool
The Internal Revenue Service's Criminal Investigation division signed a contract for $249,900 with the little-known analytics firm Blockchain Analytics and Tax Software, Cointelegraph reports.
IRS spends $250,000 on crypto-tracking tool
The Internal Revenue Service's Criminal Investigation division signed a contract for $249,900 with the little-known analytics firm Blockchain Analytics and Tax Software, Cointelegraph reports.
Layer1 mining company earns 700% profit from reselling electricity
The American mining company Layer1 resold electricity at a markup eight times the purchase price. Bloomberg reports on the interaction of a major user with the power grid.
SEC uncovers $27m crypto pyramid targeting African immigrants
The U.S. Securities and Exchange Commission (SEC) has accused two companies and their executives of running a Ponzi scheme. Preliminary estimates put the pyramid's victims at about 1,200 investors who lost more than $27 million.
Equinor Energy to channel associated gas from the Bakken oil field to Bitcoin mining
Norwegian energy company Equinor Energy will channel the associated gas produced at the Bakken field in the United States to generate electricity and power Bitcoin mining. The arrangement is provided by Crusoe Energy Solutions, according to Arcane Research.
Grayscale pulls Fox News ad over Tucker Carlson’s remarks
The digital asset manager Grayscale Investments pulled an advertisement for cryptocurrency trusts from Fox News after Tucker Carlson’s controversial remarks about the shootings at Black Lives Matter protests in the United States.
US DOJ: Russian offered $1 million in bitcoins to a Nevada company employee for a cyberattack
The U.S. Department of Justice charged Russian citizen Egor Igorevich Kriuchkov with conspiring to commit cybercrime. He allegedly attempted to bribe an employee of a Nevada company with $1 million in bitcoins to install malware on the organization’s computer system.
Digital Currency Group’s Barry Silbert enters Bitcoin mining
The American mining company Foundry became 100% a subsidiary of Digital Currency Group (DCG), whose founder and CEO is Barry Silbert.
Riot Blockchain to buy another 5,100 Bitcoin miners from Bitmain for $11.2 million
Nasdaq-listed American mining company Riot Blockchain announced a new contract with Bitmain to purchase 5,100 Antminer S19 Pro devices for $11.2 million.
Texas-based Layer1 accused of misleading investors
The Texas-based mining company Layer1 misled investors about the amount raised and the composition of its founding team, according to Twitter industry insider BTCK555.
Rapper Akon Becomes Chief Strategist for Brock Pierce’s Presidential Campaign
American rapper and entrepreneur Akon has joined Brock Pierce's presidential campaign team. The Grammy-nominated artist and crypto enthusiast will become Pierce's campaign chief strategist. Cheddar reported this.
US residents to report cryptocurrency investments on the first page of the tax return
US citizens who have engaged in any transactions with Bitcoin and other cryptocurrencies will report them immediately after filling out the identification details on the first page of the Internal Revenue Service (IRS) Form 1040. This follows from the 2020 draft.
Ripple co-founder: US losing the financial battle of the tech cold war to China
Ripple co-founder and executive chairman Chris Larsen believes the United States is losing the race for the global financial system to China, whose aim is to replace the dollar with a digital yuan. He laid out his views in an article for The Hill.We use cookies to improve the quality of our service.
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