Open Letter – DIGIT INFO

Tech Industry Leaders Call for AI Labs to Pause Development for Safety, Coinbase CEO Disagrees

DIGIT — Sat, 01 Apr 2023 03:04:57 +0000

This week, 2,600 tech industry moguls and entrepreneurs, including Elon Musk, Gary Marcus, and Steve Wozniak, signed an open letter requesting artificial intelligence (AI) labs to pause research and development for six months. The signatories believe that safety programs and regulations need to be strengthened, as they assert that AI labs are currently in an […]

Go to Source

Digital Currency Group Suspends Dividends Amid Regulatory Trouble With Subsidiary Genesis

DIGIT — Wed, 18 Jan 2023 20:30:10 +0000

According to a shareholders’ letter from Digital Currency Group (DCG) viewed by finance and crypto publication Coindesk, the company has suspended dividends until further notice. This news follows the U.S. Securities and Exchange Commission (SEC) charging a subsidiary firm of DCG, Genesis Global Capital, with operating an “unregistered offer and sale of securities to retail […]

Go to Source

Gemini Co-Founder Accuses Digital Currency Group of Misrepresentation, Demands CEO Resignation

DIGIT — Tue, 10 Jan 2023 18:30:02 +0000

Gemini CEO Cameron Winklevoss has published another open letter on Twitter, addressed to the board members of Digital Currency Group (DCG). In the letter, Winklevoss accuses DCG and CEO Barry Silbert of making poor decisions with the now-defunct crypto hedge fund Three Arrows Capital (3AC), and claims that DCG orchestrated a “campaign of lies” in […]

Go to Source

Gemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert

DIGIT — Tue, 03 Jan 2023 15:30:10 +0000

Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47 days since withdrawals from Genesis had been halted. In the letter, Winklevoss claimed that DCG owes $1.675 billion to Genesis. Silbert, however, responded on social […]

Go to Source

‘Let’s build a Europe where Web3 can flourish:’ Crypto companies sign an open letter to EU regulators

DIGIT — Wed, 20 Apr 2022 12:57:12 +0000

Industry representatives call the authorities not to go beyond the scope of the FATF Travel Rule recommendation.

Go to Source

Jack Dorsey Introduces Bitcoin Legal Defense Fund to Protect Open Source Developers

DIGIT — Wed, 12 Jan 2022 18:30:18 +0000

A recent letter published to the Bitcoin developers mailing list written by Square founder Jack Dorsey indicates that a legal defense fund has been created for open source developers in order to protect them “from lawsuits regarding their activities in the Bitcoin ecosystem.” Dorsey’s letter is also signed by Alex Morcos of Chaincode Labs and […]

Go to Source

IRS Plans to Issue Guidance on Virtual Currency Taxation

DIGIT — Tue, 21 May 2019 15:20:12 +0000

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 […]

The post IRS Plans to Issue Guidance on Virtual Currency Taxation appeared first on Bitcoin News.

Go to Source

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

DIGIT — Fri, 21 Sep 2018 01:25:33 +0000

On 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 […]

The post US Representatives ‘Urge’ the IRS to Clarify Cryptocurrency Tax Guidance appeared first on Bitcoin News.

Go to Source