PoS validator turns down IRS tax refund offer, pushes for clear policy on sta...
The Tezos validator who took the IRS to court argues that staking rewards should be treated as created property rather than income. A United States couple suing the federal tax agency over Tezos (XTZ) staking rewards taxation chose to forego a tactical victory and engage in a court battle that could eventually result in policy change.Joshua and Jessica Jarrett, who run a node on the Tezos network (thus “baking” new blocks, in the ecosystem’s lingo), have sued the Internal Revenue Service (IRS) over the taxes paid on the XTZ tokens created in 2019. The Jarretts filed a refund claim on....
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Terrahash, one of several ASIC mining rig builders, has changed its refund policy. The company's FAQ has recently been updated to say that all orders are final. It does, however, say that customers can request a refund prior to shipping, and such requests will be considered on a case-by-case basis. Terrahash is selling mining rigs based on Avalon ASICs, which puts it at the mercy of the Avalon supply chain. Unfortunately, claims were made against Avalon that it was mining with customer ASICs. Terrahash has already changed its shipping policy. The company originally announced its DX Large....
After Google Cloud announced that it would offer a product called the “Blockchain Node Engine” and further noted that Ethereum would be the first blockchain supported, the company revealed it was running a Solana validator on Nov. 5, 2022. Google said that the cloud division is currently working with Solana in order to bring the firm’s Blockchain Node Engine to the Solana chain. Google Is Operating a Block-Producing Solana Validator, Firm’s Cloud Division Aims to Add Solana to Blockchain Node Engine’s Supported Blockchains in 2023 Google is stepping toward other blockchains....
A Japanese insurance firm is reportedly planning to launch a new policy line aimed at bitcoin exchanges. According to Nikkei, Mitsui Suitomo Insurance is working with Tokyo-based bitcoin exchange bitFlyer to develop the policy. The publication reported that the insurer will offer as much as 1bn yen (roughly $9m USD at press time) in terms of coverage, with premiums ranging as high as “several million yen”. It’s not immediately clear when the insurance product would be launched. The launch within Japan would be notable given the collapse of Mt Gox, the now-defunct bitcoin exchange that fell....
Bter announces plans to refund 20,000 affected customers. It has been a difficult month for Bitcoin exchange Bter. On February 14th, 2015, 7,170 BTC was stolen from the exchange. The company launched efforts to trace the stolen bitcoins which led them to the mixing service known as Bitcoin Fog. In an exclusive interview with CCN, Bter officials explained that about 20,000 users were affected by the heist. The efforts at recovering the money from Bitcoin Fog have so far been unsuccessful. Bter has therefore opted to refund all of their clients who lost their bitcoins, a process that the....
The Andreessen Horowitz-backed blockchain project successfully transitioned to Phase 2 of Mainnet after a suprise validator vote.