IRS Seeks Congressional Authority to Obtain Data on Cryptocurrency Transactions

IRS Seeks Congressional Authority to Obtain Data on Cryptocurrency Transactions

“The U.S. Internal Revenue Service (IRS) says it needs congressional authority in order to obtain the information needed to regulate cryptocurrency. “We get challenged frequently and to have a clear dictate from Congress on the authority for us to collect that information is critical,” IRS Commissioner Charles Rettig said. IRS Says It Needs More Authority”

Source: Bitcoin News

Epic Games Opens Doors For Blockchain Games After Steam Ban

“Epic Games has told The Verge that it is open to having blockchain games and games that support cryptocurrencies and blockchain-based assets on its game store. Epic’s statement comes after its competitor, Valve, has banned games featuring blockchain technology and assets such as NFTs from Steam.  Epic was asked about

Why Japan ‘currently has no plan to issue CBDC’

“CBDCs are not only related to finance but diplomacy as well. With China now incentivizing users to pay with its digital renminbi [RMB] and South Korea also looking into a digital won, Japan has little choice but to examine its own readiness for a CBDC. On 15 October, Uchida Shinichi, Executive Director

This Bitcoin (BTC) Fractal Could Drive Price to $390,000

“Bitcoin has approached the $60,000 level and is back in the area of its all-time high (ATH) set in April 2021. Based on a fractal analysis of charts of previous BTC cycles, the peak prediction for the ongoing bull market even reaches the vicinity of $390,000. The post This Bitcoin