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IRS: Frozen Crypto Rewards Taxable Despite Account Lockdowns


Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service (IRS) issued a memorandum in October, addressing...

Ripple CEO Loses Bank Account After 25 Years, Given 5 Days to Withdraw Funds


Ripple’s CEO has revealed that his 25-year-old bank account was closed due to his role leading a crypto company, underscoring rising regulatory pressures and uncertain U.S. policies. Ripple CEO Brad Garlinghouse’s Bank Account Closed by Major Institution After 25 Years Ripple CEO Brad...

Roblox's New Child Safety Changes Reveal How Dangerous It's Been For Years


Today’s news that Roblox is adding new child safety measures to the phenomenally popular game platform is certainly good to hear, but the nature of these scant changes reveals just how careless and callous the app has been for so many years, and how it continues to offer almost no protections...

Playtesting For Mysterious Nintendo Switch Software Fills Up In Seconds


As people continue waiting patiently for official news of the Switch 2, Nintendo has taken the unusual step of rolling out a public testing program for a secret new piece of Switch software. It filled up in seconds as players eagerly signed up to be guinea pigs for whatever the Mario maker...

Binance Has Not Complied With 86% of Israel’s Account Block Requests


Binance, one of the largest crypto exchanges, has disclosed that it does not automatically comply with account blockages imposed by Israeli authorities. According to reports, the exchange failed to comply with 86% of these requests, as the accounts referenced did not appear to be involved...

Zero-Knowledge Virtual Machines Key to Ethereum Growth, Says Hashkey Capital


Hashkey Capital, one of Asia’s largest venture capital firms specializing in Web3 and cryptocurrency, has released its sector analysis for the first half of 2024. The report covers significant technological advancements across multiple blockchain sectors, with a strong focus on Ethereum, account...

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