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US Cryptocurrency Tax Liabilities Estimated At $25 Billion After 2017 Mania

After cryptocurrencies hit record highs in 2017, US investors will be on the hook for approximately $25 billion worth of cryptocurrency-related taxes, according to...

Japanese FSA Halts Two Cryptocurrency Exchanges

On Friday, the Financial Services Agency continued its crusade against noncompliant cryptocurrency exchanges.On April 6, 2018, Japan's Financial Services Agency (FSA) ordered cryptocurrency exchange...

IBM Seeks To Patent System That Amends, Deploys EDCCs

A patent application by IBM proposes a system that would automatically reconcile conflicting terms in smart contracts deployed on a blockchain network.In the blockchain...

Cryptocurrency Compliance Firm Chainalysis Plans Expansion, Receives Funding From Benchmark

On Thursday, Chainalysis launched a tool called Chainalysis KYT and revealed plans to provide its services for 10 or more cryptocurrencies by the end...

Venezuela In Talks To Purchase Russian Auto Parts Using Petro Cryptocurrency

Russia may allow Venezuela to purchase auto parts from a domestic manufacturer using its controversial state digital currency, the petro. Both countries are presently...

Alibaba Sues ICO Firm For Trademark Infringement

On Monday, Alibaba filed a trademark lawsuit against Alibabacoin Foundation, an unrelated company that seems to have raised $3.5 million through an initial coin...

Russian Central Bank Pitches Ethereum Platform To Support EAEU Payments Network

An official with Russia’s central bank has said that a proposed pan-EAEU payments network could be launched on an Ethereum-based platform.Olga Skorobogatova, the Central...

Cryptocurrency Trading Firms Look To OTC

To avoid the risks of exchange hacks and price slippage, some wealthy cryptocurrency investors are turning to firms that facilitate over-the-counter (OTC) trade.If I...

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ShinyHunters Exploit Oracle Zero-Day, Hit Universities

The ShinyHunters cybercrime group exploited a critical zero-day flaw in Oracle PeopleSoft to steal data from enterprise systems.The vulnerability,...

OpenAI Mulls AI Price Cuts Amid IPO Race, Tokenmaxxing Boom

OpenAI is contemplating significant price cuts for its AI tokens in anticipation of a pricing war with rival Anthropic,...

NIO’s Onvo L60 SUV priced from $26,700, undercuts Tesla

The new Onvo L60 starts at RMB 192,800 ($26,600), undercutting the Tesla Model Y's starting price of RMB 263,500...

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Strike’s Bitcoin-Powered Payment App Goes Global, Targeting 3 Billion Users

Payment company, Strike, which focuses on Bitcoin, is expanding...