The IRS. Crypto. Two words that likely already make you break out in hives. What if I told you the agency tasked with collecting your taxes is mismanaging billions in seized cryptocurrency? I'm not talking about a small accounting error; we're talking about lost wallets, shredded recovery keys, and assets...
Okay, folks, let's be real. The recent TIGTA report detailing the IRS's utter clusterfumble with seized crypto isn't just embarrassing; it's infuriating. Missing wallets? Shredded seed phrases? Undervaluing Bitcoin because someone can't count decimals? Seriously? I'm not here to pile on the agency. Instead, let's talk about the silver lining....
The Treasury Inspector General for Tax Administration (TIGTA) specialize in them, just released their latest report. It underscores major shortcomings in the Internal Revenue Service Criminal Investigation (IRS-CI) unit’s management of seized digital assets. Making matters worse, the investigation uncovered serious inventory management, documentation, and valuation errors that further called...
Cryptocurrency overall is extremely volatile. Recently, new revelations about the IRS’s misuse of crypto assets it has seized have thrown a whole new wrench into the landscape. A recent TIGTA report has exposed significant mismanagement and misaccounting by the IRS in their oversight of seized digital assets. That fact alone...
Ethereum's been on a tear lately. We’ve read headlines about its price skyrocketing, companies making ETH-centric pivots and investors rushing in. Yet before you run off to join the robo-revolution, hold your horses. Are we truly witnessing the future of finance across the world, or are we inflating another tech...
Okay, let's be real for a sec. My feed exploded yesterday. Everyone's buzzing about Ethereum, and rightfully so! We’re speaking a 27% rally in Ethereum-based companies. Twenty-seven percent! If that doesn’t say “opportunity,” I’m not sure what does. Move over avocado toast; investing in Ethereum is the real millennial money...
Ethereum has taken the world of investors by storm for good reason. It combines a globally distributed infrastructure with programmable smart contract capabilities. This special combination makes possible trustless transactions using a digital commerce model. Since its release in 2015, Ethereum gained immense popularity. It now registers hundreds of millions...
Introduction to Tech News TodayWith the unprecedented pace of technological innovation today, it is more important than ever for policy makers and industry leaders alike to understand the direction technology is headed. Whether through game-changing inventions or visionary alliances, the tech sector continues to innovate, transform, and reinvent the future....
Let’s face it, even ESG-focused folks know that the crypto world hasn’t been in the forefront of all things green. No thanks to bitcoin mining, and their sprawling, energy-hogging servers, that has created a pretty bleak picture. So when I saw the headline about Tether working with Adecoagro to build...
The news broke: Tether, the folks behind USDT, are teaming up with Adecoagro, a South American agricultural giant, to mine Bitcoin in Brazil. Sounds unexpected, right? Similar to discovering that your grandma has taken up day trading meme stocks. Adecoagro’s objectives in this regard include stabilizing energy pricing and further...
Okay, folks, let's be real. Recollect that Thanksgiving when you first attempted to explain crypto to your grandma. Yeah, that kind of complicated. What if I told you that Ethereum ETFs are on the verge of making this party truly epic. And by party, I mean your portfolio.Pectra Upgrade: Like...
The sleeping giants are stirring. Retired crypto wallets have recently been found to have sprung back to life after lying dormant for ten years or more. This renewed enthusiasm doesn’t end there with good news for crypto startups. On one hand, some proponents point to increased liquidity and crypto payrolls....