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US Lawmakers 'Strongly Urge' IRS to Update Crypto Tax Guidance

U.S. lawmakers are calling on the Internal Revenue Service to provide clear guidance on how cryptocurrency-related taxes will be calculated.

The IRS has released a draft version of the 2021 1040 form.

Markets

Brazil Moves to Probe Banks After Crypto Exchanges Denied Services

Brazil's antitrust watchdog is investigating major banks for potentially collaborating to prevent crypto brokerages from gaining banking services.

Sao Paulo, Brazil

Markets

US Banking Giant PNC Becomes Latest to Adopt Ripple's xCurrent

PNC Bank's Treasury Management division is to begin accepting cross-border transactions using Ripple's xCurrent product.

PNC bank

Tech

R3's Hearn and Brown Say Enterprise Blockchain's Day of Reckoning Is Here

Bitcoin apostate Mike Hearn and his R3 colleague Richard Gendal Brown view the enterprise blockchain game as, if not quite zero-sum, something close.

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Markets

Singapore Central Banker: No Securities Crypto Token Approved To Date

Damien Pang, head of the Technology Infrastructure Office at Singapore's central bank talks about the authority's insight on DTL and digital tokens.

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Markets

New York AG Report Faults Crypto Exchanges for Manipulation Risks

The NY Attorney General's Office stated that many crypto exchanges cannot monitor abusive trading activity, and referred 3 for potential violations.

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Markets

Coinbase Hires LinkedIn Executive as New Data Chief

Coinbase has brought LinkedIn head of analytics and data science, Michael Li, on as its new vice president of data.

cb2

Markets

High Times Quietly Removes Crypto Payment Option From IPO Website

High Times has removed bitcoin as a payment option for its IPO, just days after admitting it was accepting the cryptocurrency.

mjfarm

Markets

Cryptojacking Scripts Found on Local Indian Government Sites

Municipal government websites in Andhra Pradesh are running cryptojacking scripts, a group of security researchers found earlier this month.

stone buddha

Markets

Cloudflare Launches Decentralized Web Gateway at Its First 'Crypto Week'

Cloudflare intends to announce a new cryptography-related product every day this week. The first: a gateway to access the InterPlanetary File System.

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