A bitcoin investor who went to increasingly great lengths to hide $1 million in cryptocurrency gains on his tax returns was sentenced to two years in prison on Thursday. It seems that not even his most “sophisticated” tactics—including using mixers, managing multiple wallets, and setting up in-person meetings to swap bitcoins for cash—kept the feds […]
December 13, 2024 | bitcoin, cryptocurrency, cryptocurrency mixer, department of justice, IRS, Policy, tax evasion, tax fraud | No comments
On the evening of November 19, art adviser Adam Biesk was finishing work at his California home when he overheard a conversation between his wife and son, who had just come downstairs. The son, a kid in his early teens, was saying he had made a ton of money on a cryptocurrency that he himself […]
December 7, 2024 | cryptocurrency, memecoins, Policy, syndication | No comments
The ongoing rally has begun to make some of the earliest purchases using crypto appear a little ill-advised—like when Laszlo Hanyecz spent 10,000 bitcoins on two pizzas in 2010, then worth $40 but now worth $1 billion, the Times noted. But for those who have held tight to bitcoins while enduring crypto winters, bitcoin’s rise […]
December 5, 2024 | bitcoin, cryptocurrency, Donald Trump, Policy, SEC, Securities and Exchange Commission | No comments
Hackers pocketed as much as $155,000 by sneaking a backdoor into a code library used by developers of smart contract apps that work with the cryptocurrency known as Solana. The supply-chain attack targeted solana-web3.js, a collection of JavaScript code used by developers of decentralized apps for interacting with the Solana blockchain. These “dapps” allow people […]
December 5, 2024 | backdoor, Biz & IT, cryptocurrency, Security, solana, supply chain attack | No comments
Oh, Enron, I thought—hoped and dreamed?—you were long, long gone, confined to the dustbin of history reserved for seriously fraudulent companies. But apparently not. More than two decades after Enron’s bankruptcy in December 2001, the company is back. Well, at least an entity using the website Enron.com went public on Monday, announcing Enron’s relaunch as […]
December 3, 2024 | cryptocurrency, Enron, fraud, Policy | No comments