• Asia & Australia,  Opinion,  Technology

    30 Years Later, Tiananmen Square a reminder of Chinese threat to innovation

    China may be able to add another arrow to its quiver of intellectual theft: cryptocurrencies

    The most promising aspects of digital assets—transactional speed and freedom, financial inclusion, and most of all anonymity—are antithetical to Chinese Communist values. And yet, in many respects, China has taken the lead on investing in this burgeoning technology.

  • Part of the header image on Brock Pierce's Twitter profile page shows him appearing heroically on fictitious money (via Twitter)
    Bitcoin,  Innovators

    Brock Pierce buys a million-dollar home with a crypto-backed loan

    The controversial bitcoin investor’s use of Bitcoin as collateral has tax benefits, but also big pitfalls

    Controversial Bitcoin investor Brock Pierce has used cryptocurrency to buy a $1.2 million house in Amsterdam. The wealthy former child star, known for his role in “Mighty Ducks,” used Bitcoin as collateral to obtain a $1.2 million loan from Swiss FinTech Nexo for a home.

  • Mick Mulvaney at Coin Center Annual Dinner, 2016
    Bitcoin,  United States

    New White House Chief of Staff: Bitcoin is good, ‘not manipulable by any government’

    Mick Mulvaney has been down with crypto since 2014 and shared stages with Ethereum’s Vitalik Buterin

    President Trump says director of the Office of Management and Budget—and Bitcoin enthusiast—Mick Mulvaney will come on as acting White House chief of staff when John Kelly leaves the end of the year. Mulvaney will stay on at the OMB where he was narrowly approved by the Senate by just two votes in 2017. With the government headed to a potential shutdown over a budget disagreement, who better to step in than Mulvaney, one of the architects of the 2017 government shutdown? At the time, he said, “What we just did this week was fine and passable, but not ideal. … I think a good shutdown would be one that…

  • crypto handcuffs
    Canada,  Europe,  Regulation,  United States

    Five countries join forces to crack down on crypto tax crimes

    Tax authorities from US, UK, Australia, Canada, and Netherlands coordinating enforcement

    A group of five nations have formed an international alliance to fight cryptocurrency-related tax crimes and money laundering schemes. The Joint Chiefs of Global Tax Enforcement, or J5, includes tax agencies from Australia, Canada, the Netherlands, the United Kingdom, and the United States. Authorities from the five countries hope the collaborative effort will increase their success in combating cross-border tax crimes. “We will work together to gather information, share intelligence, conduct operations, and build the capacity of tax crime enforcement officials,” the group said on its new page on the IRS website, adding that J5 plans on piloting new approaches and conducting joint operations against offshore tax crimes. Cryptocurrency allows…