PYMNTS

MAY 13, 2020

The IRS is seeking to have contractors assist in auditing digital currency tax returns, according to a post on CryptoTrader.Tax ‘s website. CryptoTrader.Tax is a tax software platform and is used by bitcoin as well as digital currency investors to manage their reporting. Phemex publicized a $3.5

IRS

PYMNTS

OCTOBER 9, 2019

Ransom is demanded in bitcoin, upon threat of releasing damaging information to family, friends, and co-workers. But now the hackers are asking for alternative crypto currencies to bitcoin in their ransom demands. Bitcoin is making a comeback after its September crash. According to Bloomberg , bitcoin gained as much as 6.6

IRS

PYMNTS

NOVEMBER 12, 2019

To that end, in the United States, the Internal Revenue Service (IRS) has said that huddling with other tax authorities across the globe has helped train a spotlight on how to detect and thwart tax evasion efforts. The IRS said it has identified “dozens” of tax evasion suspects in the wake of these new tactics.

IRS

PYMNTS

APRIL 28, 2020

Weber served with the Internal Revenue Service (IRS) as chief of the Criminal Investigation Division for over five years. He led a team of more than 3,500 while there, managing complicated financial crime probes involving digital currency, among other matters. Weber led high-profile investigations into Silk Road and FIFA.

Bitcoin

PYMNTS

FEBRUARY 26, 2020

A former Microsoft engineer was found guilty of 18 federal felonies after he stole $10 million worth of digital currency from his ex-employer and used the money to finance a $1.6 He attempted to conceal the evidence in part by using a bitcoin “mixing” service. . million in bitcoin.

IRS

PYMNTS

MARCH 21, 2017

The Internal Revenue Service (IRS) continues its efforts to gain access to United States Coinbase customer accounts, filing new documents in federal court to get the California-based company to turn over the records. Coinbase facilitates transactions of digital currencies like bitcoin and ethereum.

IRS

PYMNTS

JANUARY 20, 2017

The price of the popular digital currency spent the week climbing back up after fears that China could crack down on its domestic exchanges caused its value to slump. The developments are still ongoing, so PYMNTS’ Bitcoin Tracker will keep watch for new details in the coming weeks. percent from the day’s open of $884.25.

Bitcoin

PYMNTS

JULY 14, 2019

And the operator of BitFunder, a defunct trading platform that was denominated in bitcoin, and WeExchange was sentenced for obstruction of justice as well as securities fraud, CoinDesk reported. It is meant to link agriculture organizations with workers and suppliers while also offering contract bidding transparency.

Blockchain

PYMNTS

DECEMBER 29, 2016

The Internal Revenue Service has asked a court to dismiss a motion filed by a Coinbase user who wants the court to block the IRS from accessing transaction data. According to a report by Forbes , the IRS, in a motion filed on Tuesday (Dec. According to a report by Forbes , the IRS, in a motion filed on Tuesday (Dec.

IRS

PYMNTS

APRIL 22, 2016

In this case, they were that, and at the end of that trail, we even found a few bitcoin. The link is a little circuitous since there was a bribery scheme in the mix, wrapped around some good, old-fashioned money laundering, which is, of course, how bitcoin comes into play. In other bitcoin news….

Bitcoin