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“# IRS needs congressional authority to handle crypto, says chief ” Internal Revenue Service chief Charles Rettig called out lawmakers for not taking the initiative on addressing the problem of many U.S. residents not paying taxes on crypto. In a Tuesday senate hearing on the IRS’ fiscal year 2022 budget, Rettig said that the agency…
“# Crypto investment platform Coinseed shuts down amid NYAG lawsuit ” Coinseed, a crypto platform that enabled micro-investing in cryptocurrency assets for its users, has shut down its operations. Delgerdalai Davaasambuu, founder and CEO of Coinseed, announced the decision via a statement published on the platform’s website. Detailing his decision to shutter the business, Davaasambuu…
“# US officials recover $2.3M in crypto from Colonial Pipeline ransom ” Officials with a United States government task force have seized more than $2 million in crypto used to pay for ransom following an attack on the Colonial Pipeline system. In a Monday press conference, Deputy Attorney General Lisa Monaco said that the task…
“# Biden to discuss crypto’s role in ransomware attacks at G7, says national security adviser ” According to Joe Biden’s National Security Adviser Jake Sullivan, the United StatePresident will speak directly about cryptocurrency regarding its role in the attack on the Colonial Pipeline and other ransomware breaches. In a Monday White House press briefing, Sullivan…
“#COVID marked the twilight of America’s arrogant ‘expert’ class” At some point, the US Congress stopped legislating and handed over most “rulemaking” governing Americans’ lives to the administrative state’s sprawling bureaucracy. The brainchild of progressive President Woodrow Wilson, the modern administrative state is rooted in a disdain for the messy give-and-take of politics and a preference…
“# Bitcoin 2021 Miami continues with Tony Hawk, Kevin O’Leary and more ” Bitcoin 2021 Miami continues following Friday’s massive opening of the historic event. The events kick off at 9:00 am Eastern Time (1:00 pm UTC) with opening remarks by a Miami-Dade County commissioner. Cointelegraph will continue posting Bitcoin 2021 updates on Twitter as well as…
“# Death knell for Chinese crypto miners? Rigs on the move after gov’t crackdown ” When it comes to China, few things are crystal clear, and the nation’s recent crackdown on crypto mining is no exception. The State Council’s Financial Stability and Development Committee reported on May 21 that it is curtailing Bitcoin (BTC) mining…
“# ‘Largest Bitcoin event in history’ Bitcoin 2021 kicks off in Miami ” Bitcoin 2021, the biggest Bitcoin event in history with a sold-out crowd of at least 12,000 attendees in Miami, is kicking off with some of the world’s biggest industry players. The conference will be one of the largest crypto gatherings to emerge…
“# Apple co-founder Steve Wozniak loses Bitcoin scam case against YouTube ” A recent court ruling said that video hosting giant YouTube is not responsible for cryptocurrency-related scams posted on its platform. Apple co-founder Steve Wozniak failed to support his lawsuit against YouTube over an advert using his image to promote a fake Bitcoin (BTC)…
“# Coinbase rival Kraken launches mobile crypto trading in US ” Major global cryptocurrency exchange Kraken has launched a mobile crypto trading application in a new move to boost industry adoption in the United States. The company announced Wednesday that its new app is now available for most of the United States as well as…