USA

US Tax body Internal Revenue Services (IRS) is demanding that American Citizens who hold cryptocurrency deposits in their wallets be taxed. The tax agency sent warning letters to more than 10,000 cryptocurrency holders over failure to pay appropriate taxes or falsifying taxable income.

Steven Seagal will pay $314,000 to settle allegations of unlawful cryptocurrency advertising, the US Securities and Exchange Commission (SEC) said. In 2018, the actor on social networks urged people not to miss the opportunity to participate in the initial public offering of cryptocurrency (ICO) Bitcoiin2Gen (B2G).

The US SEC has finally revealed it’s long awaited position on the bid filed by Wilshire Phoenix for a Bitcoin ETF. Wilshire Phoenix filed its application for a Bitcoin Exchange Traded Fund in mid 2019, but SEC only responded to it recently. The financial regulator cited fraud concerns as the major reason for rejecting the ETF application.

Blockchain technology is a solution to create unique digital assets (UDAs). To understand the opportunities of blockchain it is important to consider the uniqueness of digital products. But let's start with a common example.

The world’s oldest blockchain-based cryptocurrency, Bitcoin, is in the process of compacting at $1,300 ahead of the US holiday weekend. BTC broke through $1,500 this week, but did not stay long enough to retreat. But the week ends with a safe defense of $10,000 psychologically and technically significant.

A comprehensive analysis of token definitions, their main uses and developments of decentralized applications and the token-economy, in an evolutionary path that exceeds paradigm 3.0, crosses that of Industry 4.0, to arrive at a scheme for Company 5.0.

A man from Ohio, USA, is facing charges which could see him refund up to $33 million for violating US federal anti fraud regulations set by the US Securities and Exchange Commission (SEC). SEC revealed that Micheal W. Ackerman is indicted for fleaching more than $33 million from about 150 investors subscribed to his cryptocurrency platform.

Andrew Yang, the Bitcoin supporter running for US president, dropped out of the presidential race with just nine months left until polling day. Yang who came into the limelight in 2017 after declaring his intentions to run for president is popular for supporting crypto especially bitcoin. Andrew cited small followers as the main reason for dropping out of the competitive upcoming elections.

The American government turned against its own word and offered to auction to the public stolen bitcoins it retrieved and held in custody. Although the US is among the fast developing countries in the world and a leader of technology, the US has been slow in legalizing bitcoin usage in the economy. For this reason many innovators fell on the wrong side of the law and got their assets frozen by the government.