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IRS Tweaks Crypto Question Language on 2021 Individual Tax Form Draft
In its 2021 draft of the 1040 Individual Income Tax Return form, the U.S. Internal Revenue Service (IRS) has more clearly stated how crypto assets should be taxed than 2020. “The Hash” hosts discuss the possible impact of IRS’ efforts to tackle crypto tax evasion.
Solana Offers $5M Fund for Creators to Start Building on Web 3.0
The Solana Foundation and two of the network’s leading platforms, Audius and Metaplex, are putting $5 million towards the Solana Creator Fund to lure 1,000 musicians and artists into building on Web 3.0. "The Hash" panel discusses how the fund may contribute to the future of Web 3.0, exploring the power of the Solana blockchain as a potential source of income for creators.
Why Are US Regulators Cracking Down on BlockFi?
Texas joins Alabama and New Jersey in alleging that BlockFi’s interest-bearing product (BIA) might violate state securities laws. “The Hash” panel discusses the potential factors driving national enforcement actions against the crypto lending platform and whether the federal government is likely to step in.
Blockchain Protocol THORChain Suffers Another Hack Totaling $8M
Cross-chain decentralized exchange THORChain has been hit by another exploit, this time costing around $8 million. Last week, the protocol was drained of around 4,000 ether in a separate incident. “The Hash” panel discusses the potential risks of investing in DeFi as the sector becomes increasingly subject to major crypto hacks.
EU Proposes Law to ‘Ensure Full Traceability’ of Crypto Transfers
As part of a package of four proposals intended to fight money laundering, Mairead McGuinness, the European Union (EU) Commissioner for Financial Services, wrote in a series of tweets Tuesday the measure “will ban anonymous crypto wallets and make sure that crypto-asset transfers are traceable.”
Venmo Removes Its Public Feed for Privacy, Safety Remains a Concern
PayPal’s popular payment app Venmo will no longer feature a public, global feed of users’ transactions as part of a move to offer users better privacy controls. This comes on the heels of Joe Biden’s secret Venmo account leaking. “The Hash” panel discusses the importance of privacy as a fundamental part of crypto usage.
Report: Stellar Foundation Eyes Potential Acquisition of MoneyGram
The Stellar Development Foundation, part of the Stellar Network that issues the Stellar Lumens (XLM) token, has reportedly expressed interest in acquiring remittance provider MoneyGram.
Bank of Russia: Stock Exchanges Should Avoid Crypto-Related Funds
The Central Bank of Russia announced Thursday stock exchanges in the country should avoid listing investment products related to cryptocurrency prices. “The Hash” panel discusses the underlying nuances for central banks controlling the money supply.
Elon Musk Says SpaceX Holds Bitcoin at B Word Conference
At the B Word conference held Wednesday hosted by the Crypto Council for Innovation, Tesla CEO Elon Musk revealed he owns bitcoin, ether, and dogecoin, while also confirming for the first time that his aerospace company SpaceX holds BTC. "The Hash" panel discusses Musk's potential influence in the broader crypto markets and community.
Compass Mining and Navier Debut New Tool to Help Miners Verify Their Machines’ Hashrate
Compass Mining and mining consultancy Navier announced they are rolling out HashTest, a new tool letting buyers and sellers verify the advertised hashrate of their specialized bitcoin mining machines.