Category

currency

Steven Seagal settles with SEC over undisclosed bitcoin promotions

By b2g, bitcoiin2gen, Bitcoin, Business, cryptocurrency, currency, digital currency, engadget, gear, ICO, initial coin offering, Internet, sec, Securities and Exchange Commission, steven seagal

It seems that martial artist and actor Steven Seagal isn’t above the law. In 2017, he touted the initial coin offering (ICO) for Bitcoiin2Gen (B2G), a digital currency that sounded shady right from the start. Seagal didn’t disclose the fact that he w…

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The IRS won’t ask you to report ‘Fortnite’ V-Bucks on tax returns

By currency, engadget, fortnite, games, gaming, in-app purchases, in-game currency, Internet, irs, money, politics, tax, taxes, v-bucks, video games

Don’t worry, you won’t have to factor in-game currency into your taxes… at least, not yet. The IRS has removed a guideline (cached here) from October that treated Fortnite’s V-Bucks, Roblox’s Robux and other in-game currencies with real monetary va…

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Facebook’s Libra loses one more member as its council becomes official

By booking, Booking.com, Business, calibra, cryptocurrency, currency, engadget, facebook, gear, Internet, kayak, libra, libra association, money, priceline

Facebook couldn’t avoid losing another Libra Association member before it formalized the cryptocurrency’s council. Booking Holding, the company behind Booking.com, Kayak and Priceline, has withdrawn from the Libra Association just before the organiz…

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EU grills Facebook over Libra’s financial and privacy risks

By cryptocurrency, currency, engadget, eu, European Commission, european union, facebook, Finance, gear, government, Internet, libra, money, politics, Regulation

It’s not just central banks interrogating Facebook over its Libra cryptocurrency as of late. The Financial Times has learned that the European Commission has asked Facebook to answer a range of questions about Libra, including the risks to financial…

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IRS reminds 10,000 taxpayers that cryptocurrency is subject to taxes

By back taxes, Bitcoin, Business, crypto, cryptocurrency, currency, engadget, income, Internet, irs, letter, libra, politics, tax evasion, taxes, taxpayers, tomorrow, transactions

By the end of August, an estimated 10,000 taxpayers will receive letters from the IRS warning them that they may owe back taxes on unreported cryptocurrency earnings. While it might not be immediately obvious, you must include cryptocurrency e…

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Facebook won’t make Libra available until regulators are happy

By Business, calibra, cryptocurrency, currency, engadget, facebook, gear, government, Internet, libra, libra association, politics, Regulation

Facebook is determined to reassure officials that its Libra cryptocurrency is above-board. As part of prepared testimony for a July 16th Senate hearing, Calibra head David Marcus has stressed that the social network won’t offer the virtual money unt…

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House chairwoman wants Facebook to pause work on its cryptocurrency

By Blockchain, congress, cryptocurrency, currency, engadget, facebook, gear, Internet, libra, maxine waters, politics, Regulation, Social network, social networking

You knew Facebook’s Libra cryptocurrency would come under scrutiny as soon as it became official, and the US government isn’t wasting any time. House Financial Services Committee Chairwoman Maxine Waters has issued a statement calling on Facebook to…

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Samsung Galaxy S10 leak hints at cryptocurrency wallet

By android, Bitcoin, bitcoincash, Blockchain, blockchainkeystore, cryptocurrency, currency, engadget, erc20, ethereum, galaxys10, galaxys10e, galaxys10plus, gear, leak, Mobile, Samsung, smartphone, wallet

Samsung’ Galaxy S10 appears to have leaked again, but this time the big deal is what’s on screen. Gregory Blake and Ben Geskin claim to have leaked images of a Samsung Blockchain KeyStore that would serve as a cryptocurrency wallet, whether you’re b…

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Government websites fall prey to cryptocurrency mining hijack

By Australia, browsealoud, coinhive, cryptocurrency, currency, engadget, gear, government, hijack, Internet, mining, monero, Security, texthelp, UK, Web

It’s not just private companies’ websites falling victim to cryptocurrency mining hijacks. Security consultant Scott Helme and the Register have discovered that intruders compromised over 4,200 sites with Coinhive’s notorious Monero miner, many of t…

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Wind energy mines digital cash to support climate research

By art, climate, climatechange, cryptocurrency, currency, engadget, gear, green, harvest, Internet, mining, money, science, windenergy, windpower, windturbine, zcash

Climate change is frequently described as a vicious cycle that depletes the very resources needed to fight it. In the case of Julian Oliver’s latest project, however, it could almost be described as virtuous. His Harvest project uses a 700W wind turb…

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AMD and NVIDIA go after Bitcoin miners with new video cards

By amd, Asus, Bitcoin, bitcoinmining, cryptocurrency, currency, engadget, gear, gtx1060, Internet, mining, miningp106, miningrx470, money, nvidia, personal computing, personalcomputing, rx470

Dedicated digital currency miners know the importance of good graphics cards — modern GPUs have enough general-purpose computing power to process money formats like Bitcoin much faster than a CPU alone. They’ve never really been suited for non-stop…

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