Banks Stopped Walmart Bank – Now the Retail Giant Hits Back With Crypto

Banks Stopped Walmart Bank - Now the Retail Giant Hits Back With CryptoOn August 1, it was discovered that the giant retail corporation Walmart has patented plans for a stablecoin that’s backed by U.S. dollars. If released into the wild, the USD-based cryptocurrency would be issued to select Walmart retailers and partners while the patent’s description explains the coin could be used outside of Walmart’s retail scope […]

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IRS Agents Propose Draconian Tactics to Investigate Bitcoin Users

A Look at the Shocking Tactics IRS Agents Suggest Using to Investigate Bitcoin UsersA recently published U.S. Internal Revenue Service (IRS) slide describes alarming recommendations on how tax agents should deal with digital currency users who are not paying taxes. The slide recommends that agents question crypto users’ friends and family, comb through social media posts and issue subpoenas to make sure U.S. residents are paying taxes on […]

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IRS Plans to Issue Guidance on Virtual Currency Taxation

Internal Revenue Service (IRS) commissioner Charles Rettig has explained to U.S. representatives that the tax department plans to issue clearer guidance toward cryptocurrency taxation soon. Since 2014, Americans have been asking the tax agency for better clarification in regard to official tax guidelines. Also read: Last Will Platform Allows Your Loved Ones to Inherit Your […]

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Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization

Embracing Utility in 2019 — Unreliable Crypto-Networks Will Lose to HyperbitcoinizationCryptocurrencies started gaining significant mainstream attention in 2017 and speculation brought coin values to unseen levels, before quickly deflating. Now, after a decade, it seems this technology is entering a new era that can actually move past speculation to embrace real-world utility. The only way this feat will be accomplished, however, is by offering a […]

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Regulations Roundup: Cryptocurrency Campaign Donations, US Judge Warns Malaysians

In recent regulatory news, a report by the Center for Public Integrity has explored the potential for cryptocurrency donations to obfuscate politicians’ sources of funding, a U.S. judge has urged the Malaysian public to exercise due diligence when considering seeking exposure to cryptocurrencies, and a report conducted by IBM Blockchain and the Official Monetary and […]

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Taiwanese Candidate Accepts Crypto Donations, California Bans Them

Taiwanese Candidate Accepts Crypto Donations, California Bans ThemUsing cryptocurrency for political donations has been a hot topic in many societies. Two recent developments demonstrate different views on the matter. A Taiwanese politician who has accepted bitcoin from his supporters believes crypto donations can help keep his country’s political system clean and transparent. At the same time, the California campaign watchdog says cryptocurrency […]

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US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance

US Representatives 'Urge' the IRS to Clarify Cryptocurrency Tax GuidanceOn Wednesday September 19, a committee of US bureaucrats sent an open letter to the Internal Revenue Service (IRS) in regard to the way cryptocurrencies are taxed. The representatives’ letter directed towards IRS commissioner David Kautter wants the taxation office to publish provisional guidelines on how digital currency transactions and investments should be handled when US […]

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Netherlands’ Largest Bank ING Group Fined $900M for Money Laundering

Netherlands’ Largest Bank ING Group Fined $900M for Money LaunderingThis week Dutch authorities revealed to the public that the Netherlands’ largest financial services provider, ING, had violated numerous money laundering laws because they didn’t scrutinize unusual transactions and certain accounts. Also Read: Public Anger Forces Bank CFO to Quit Over Huge Money Laundering Affair Netherlands’ Largest Bank Admits: “ING Clients Used Their Bank Accounts for […]

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Wendy McElroy: Crypto and the New Cold War

Crypto and the New Cold WarThe Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 10, Part 4 Crypto and the New Cold War History is written by the victors. -Winston Churchill Success is a great deodorant. -Elizabeth Taylor The winning side of a war writes the narrative; politicians, cultural leaders, educators, and the media create […]

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High Profile Cryptocurrency Firms Hope to Influence US Law

High Profile Cryptocurrency Firms Hope to Influence US LawA group of cryptocurrency luminaries and businesses have announced the formation of a US lobbying entity based in Washington known as the Blockchain Association. The creation of the political solicitation group was initiated by firms such as Circle, Coinbase, Polychain Capital, and the Digital Currency Group. Also read: With Bitcoin Cash, A Namibian Conservationist Hopes To […]

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