Tag: Cryptocurrency

New App Lets Coronavirus-Hit Businesses Take Crypto Payments for Zoom Calls

As the coronavirus pandemic makes it harder for businesses to rake in an income, a new app is offering users a way to earn cryptocurrency through Zoom, the popular video conferencing software. Called SmartSessions, the Ethereum-based crypto paywall developed...

Read More

Crypto Holders Still Face Issues Reporting Tax Liabilities, Survey of CPAs Finds

Crypto-literate public accountants are concerned their clients might face Internal Revenue Service (IRS) audits in the U.S. and penalties for underpaying taxes on their crypto holdings, a new survey finds. Cryptocurrency accounting service provider Blox and tax software developer...

Read More

80% of Australians Know About Crypto but Only 1% Use It: Central Bank Study

Fewer than 1 percent of Australians paid for consumer goods with cryptocurrency in 2019, according to a study published Thursday by the Reserve Bank of Australia (RBA), Australia’s central bank. Revealed in RBA’s triennial Consumer Payments Survey (CPS), the...

Read More

Dollar-Backed Stablecoins Are Holding Their Own Amid Coronavirus Chaos

As the global equities markets continue along their uncertain path, most major stablecoins are holding up to the “stable” part of name amid the worst global pandemic since 1918. Cryptocurrencies have fallen to historic lows with most major assets...

Read More

US Charges Dutch National With Running Crypto-Funded Child Porn Site

U.S. prosecutors indicated a Dutch national Thursday for allegedly spearheading a rape and child pornography website that’s made over $1.6 million worth of bitcoin selling videos since 2012. Known as “Michael R.M.,” and “Mr. Dark,” the man allegedly ran...

Read More

Chase Bank Settles Suit Over ‘Sky-High’ Credit Card Charges for Crypto Purchases

A class-action lawsuit accusing JPMorgan Chase of overcharging customers using their credit cards to purchase cryptocurrencies has been settled out of court. Plaintiffs Brady Tucker, Ryan Hilton and Stanton Smith notified the U.S. Southern District Court in New York...

Read More

Crypto Scams Pose More Risk Than Payments Fraud, Report Suggests

Cryptocurrency scams in 2019 had more risk for U.S. residents than fraud involving romance or payments. That’s the conclusion of a recent report by the Better Business Bureau (BBB), a nonprofit organization focused on marketplace trust. The report found...

Read More