News
A new Monero update brings improvements in performance, speed, and security amid increased scrutiny from law enforcement and developments from competitors
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IRS News
The Internal Revenue Service or IRS is a public authority of Federal Government of the United States. The IRS is responsible for all tax collection and controls the implementation of tax legislation. The service was formed in 1862 and is headquartered in Washington, D.C.
There is currently an essential issue concerning the IRS with regards to the taxation of cryptocurrency. The organization has already announced that Bitcoin and other kinds of digital money are regarded as a possession, mining as a way of income, and the storing of cryptocurrency as equivalent to holding gold, meaning that everything should be taxed using the existing laws. Due to the IRS, if a Bitcoin owner came into possession of it by mining and then sold it, it is supposed to be considered 100% profit, which should be taxed between 15% and 20%, depending on its size. In addition to that, the IRS requested some large cryptocurrency exchange administrations for information about clients whose transactions were more than $20,000/year between 2013-2016.
- Expert Take
U.S. regulators are starting to track crypto more seriously, and that’s a good sign for all crypto holders.
5900 - News
What a statement from a coin whose white paper originally proclaimed it as “a privacy-centric cryptographic currency."
8404 - Analysis
Three blockchain analytics firms reportedly have Monero-tracking abilities, which could affect XMR price — but can anyone actually track it?
22614 - Analysis
A society without paper money might be a less equitable society. Those lacking digital connectivity would suffer.
20300 - News
The IRS has named the winners of its bounty program to track transactions on privacy tokens and layer-2 protocols.
19196 - Sponsored
As the U.S. Internal Revenue Service continues to clamp down on crypto, one trading platform allows consumers to gain exposure to Bitcoin on a tax-free basis.
5054 - News
If it's a taxable event, authorities want to know.
3292 - Expert Take
The IRS has a strong interest in receiving information from informed whistleblowers about offshore crypto accounts and criminal crypto tax activity.
4901 - News
Dollars are used for nefarious activities too.
7057 - Newsletter
Taking account of more aggressive crypto tracking measures and what they mean for future government adoption of blockchain.
9888 - News
The United States Internal Revenue Service has announced a bounty of up to $625,000 to anyone who can crack Monero’s privacy.
454261 - News
CipherTrace believes financial institutions are failing to identify up to 90% of suspicious transactions related to crypto assets
8776 - News
A new analytics firm scores a major contract with the U.S. tax agency, which has been upping its crypto engagement left and right.
8013 - News
That will be confusing for some, and unsurprising for others.
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