Flappy Bird creator disavows revived game that hints crypto ties

That will be confusing for some, and unsurprising for others. A recent memorandum from the U.S.' tax authority, the Internal Revenue Service, or IRS, attempted to clarify taxation rules around receiving crypto assets as payment. "Is convertible virtual currency received by an individual for performing a microtask through a crowdsourcing or similar platform taxable income?" said…

Despite assurances, discrepancies between Cardano's theoretical network capacity and its utility remain. 409 Total views 2 Total shares An amusing attempt at satire has drawn the ire of Cardano (ADA) founder Charles Hoskinson, or so it appears.In response to a fan commentary doubting the blockchain's roadmap and criticizing its supposed similarity to Ethereum (ETH), Hoskinson…

The head of business development for blockchain financial services outfit, Unchained Capital, flees to Bitcoin when the government starts talking about stimulus spending. 457 Total views 12 Total shares Parker Lewis, Unchained Capital's head of business development, said he sees recent government stimulus talk as a sign that it’s time to pick up more Bitcoin…

Digital asset investment products recorded $5 million worth of cumulative weekly outflows in what Coinshare describes as an “apathetic period.” 217 Total views 4 Total shares On Oct 24, European cryptocurrency investment firm Coinshare published its Digital Asset Fund Flows Report, which revealed that digital asset investment products saw $5 million worth of cumulative outflows…

Initial Coin Offering (ICO) performance was in part characterized by “overall disappointment” in the third quarter of 2018, according to a study from ICO analysis firm ICORating published Nov. 15.As the report states, Q3 2018 saw 597 ICOs raise over $1.8 billion, a notably lower value than the over $8.3 billion reportedly raised in the…

Iguodala said he will also be giving out $1 million worth of BTC to fans to increase the cryptocurrency's adoption. 339 Total views 19 Total shares On Monday afternoon, Andre Iguodala, three-time NBA champion and the professional basketball player for the Golden State Warriors, announced via Twitter that he would be taking a portion of…

The exchange said it “erroneously deposited” $50,000 into a user's account in June 2022, receiving no response to requests to return the funds. Cryptocurrency exchange Crypto.com has petitioned a Florida court to confirm a judgement in its favor through arbitration after the platform mistakenly deposited $50,000 into a user’s account.According to the July 6 court…

Where does the right to financial privacy end? Privacy-oriented cryptocurrencies like Monero (XMR) do not conflict with Anti-Money Laundering laws, according to a major global law firm.Perkins Coie, a Seattle-based international law firm, published a report devoted to the AML regulation of privacy coins on Sept. 15. In the report, Perkins Coie aims to dispel…

COVID-19 could force the Bank of Canada to launch a CBDC sooner than previously expected. 2818 Total views 25 Total shares Timothy Lane, Deputy Governor of the Bank of Canada and head of research at the bank’s fintech and crypto department, claimed that Canada’s central bank digital currency, or CBDC, might see the light of…