The IRS confiscated $1.2 billion in cryptocurrencies in 2021, which was an eightfold increase from the 2020 amount of $137 million, CVBJ.biz reported. Jarod Koopman, head of the IRS cybercrime unit, said the division tracks crypto for crimes including tax evasion, false tax returns and...
Cryptocurrencies have added $1.5 trillion in value this year as they continue to be a force in the market, Bloomberg reported. Bitcoin has been up over 60% this year and seen much of the attention, although others like Ether and Binance Coin have been thriving...
Travala.com, a global travel company, is now accepting bitcoin payments on the Lightning Network using OpenNode, according to a press release. Travala CEO Juan Otero said in the release the move is a “significant and much-needed step” toward increased crypto adoption around the world. “At...
Idaho Central Credit Union, the biggest credit union in the state, will offer bitcoin services, a report from Bitcoin Magazine says. This will allow clients to buy, sell and hold BTC within their accounts. The feature was made possible from a partnership between the credit...
Ledn, a crypto lending firm, has pulled in $70 million in fundraising, according to a press release. The company is now valued at $540 million. “Since inception, Ledn has processed over $450 million in loan originations, with 90% of those originations occurring during 2021,” Ledn...
TeraWulf, which has seen investments from Gwyneth Paltrow, has seen falling shares during its public Nasdaq debut on Tuesday (Dec. 14), Bloomberg reported. TeraWulf’s objective is to offer more environmentally-conscious ways to process crypto transactions. The firm went public after a merger with Ikonics, an...
The Twitter account of India’s Prime Minister, Narendra Modi, was hacked Sunday (Dec. 12) morning, with a fake tweet proclaiming that bitcoin was now legal in India and that 500 bitcoin would be distributed among residents, according to a Coindesk report. This was the second...
Bitcoin has seen its price fall again, down over 20% from its high, with this being potentially the fourth straight week of declines, Yahoo Finance writes. There have been crypto analysts looking at the risks, including that selling in a highly leveraged asset like bitcoin...
Paraguay might be the first country after El Salvador to make bitcoin a legal tender, per a Thursday (Dec. 9) report from The Cryptonomist. The proposed bill will reportedly delve into the possibility of bitcoin becoming an official currency in the country. “The purpose of...