Presidential Candidate John McAfee Flees U.S. for Alleged Tax Fraud

Presidential Candidate John McAfee Flees U.S. for Alleged Tax FraudU.S. presidential candidate John McAfee announced on Tuesday that he has fled the country. According to McAfee’s recent Twitter video he’s “living in exile” on a boat because he’s been charged with felonies handed down by the Internal Revenue Service (IRS). Also Read: Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison […]

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US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year

US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last YearThe results of a survey published by Credit Karma estimate that crypto investors in the U.S. realized losses of approximately $1.7 billion during the previous tax season. Additionally, the report finds that U.S. investors incurred a further $5.7 billion in unrealized losses. Also Read: Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M US Cryptocurrency […]

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FBI and Homeland Security Agents Raid Tech Campus Over Unauthorized Crypto Trading

FBI and Homeland Security Agents Raid Tech Campus Over Unauthorized Crypto TradingU.S. federal law enforcement authorities are among the most active criminal agencies globally against cryptocurrency infractions. A new example of this is that FBI and Homeland Security agents have reportedly raided a technology campus over unauthorized cryptocurrency trading. Also Read: Epic Founder Addresses Fortnite Crypto Rumors, Robinhood Recruiting in London Unauthorized Crypto Trading According to […]

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Analysis: Understanding the SEC’s Stance on Crypto

Last year the U.S. Securities Exchange Commission took enforcement action against initial coin offerings and other crypto companies perpetrating fraud. Many believe 2019 will be the year when regulators clamp down on rogue cryptocurrency operators. Here we decode the overlapping and occasionally contradictory stance taken by U.S. regulators, and consider what the market can expect. […]

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US Lawmakers File Bill to Exclude Cryptocurrencies From Securities Definition

US Lawmakers File Bill to Exclude Cryptocurrencies From Securities DefinitionTwo U.S. congressmen have introduced a bill aimed at amending the country’s securities laws to exclude cryptocurrencies from the definition of a security. The bipartisan bill also seeks to adjust taxation and create tax exemptions for certain cryptocurrency transactions. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Bill Introduced U.S. Reps. Warren […]

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US Law Professor: Confusing Cryptocurrency Regulations Will Hamper Innovation

US Law Professor: Confusing Cryptocurrency Regulations to Hamper InnovationCarol Goforth is a professor at the University of Arkansas School of Law. She recently published a paper about the consequences of having cryptocurrency regulations fall under a number of conflicting laws, defined by various U.S. authorities, all at the same time. Also Read: IRS to Face Record Number of Crypto-Related Loss Claims Confusing, Prohibitive […]

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