Crypto staking Jarretts again sue IRS over block reward taxes

Mainstream hype for the nonfungible token (NFT) market cooled down significantly in 2022, but that didn’t stop a host of popular and wealthy figures from stinking up the space with dreadful collections last year. In the 2022 edition of the worst influencer and celebrity NFT cash grabs, Cointelegraph takes a look at four projects seemingly…

A new NFT warranty service says that protecting collectible digital assets of value can help provide “a sense of security and trust” and encourage new users. 1867 Total views 5 Total shares Own this piece of history Collect this article as an NFTThe Web3 space has seen its fair share of exploits in the recent…

The Financial Supervisory Authority (FME), Iceland’s sole financial regulator, has approved the first blockchain-powered e-money firm in the country, crypto media outlet CoinDesk reported June 14.Reykjavik-based Monerium, backed by blockchain software company ConsenSys, has reportedly been approved by the Icelandic financial watchdog to provide fiat payment services using ethereum (ETH) blockchain.According to the report, Monerium…

The in-house token of cryptocurrency payments app Flexa, AMP, has hit new all-time highs after being listed on major exchange Coinbase.Data from Cointelegraph Markets Pro and TradingView showed AMP/USD reaching $0.11 per coin for the first time on June 17.AMP nears $0.12 as best-performing altcoinFlexa, which describes itself as the “first ever digital currency payment option…

Major cryptocurrency exchange Binance announced that it will open registration and deposits on its platform for United States-based clients next week, Wednesday Sept. 18.Seven days to launchOn Sept. 11, Binance announced in a blog post that Binance.US will open registration and begin accepting deposits of Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC)…

Technology researchers Comparitech have used machine learning to analyze over 48k Reddit posts to determine which cryptocurrencies are viewed the most favourably. The study also included 7,500 articles from national and international news outlets.Articles were scored based on positive and negative sentiment in relation to other articles included in the study.Crypto chatter continues to spreadTalk…

The United States Internal Revenue Service (IRS) stretches the tax rules to fit its cryptocurrency agenda. At no time in tax history has pure creation been a taxable event. Yet, the IRS seeks to tax new tokens as income at the time they are created. This is an infringement on traditional tax principles and problematic…

The founder of Bitcoin mining rig manufacturer MicroBT is being held as of Nov. 8 by Shenzhen Police to assist in an investigation, according to a local news source. Police are likely to be questioning Zuoxing Yang over allegations of intellectual property infringement regarding the technology of Beijing-based Bitmain.Previous allegations of patent infringementYang previously worked…

FTX debtors will pay Emergent $14 million to cover administrative expenses in exchange for the firm withdrawing any claims to $600 million in Robinhood shares and cash.