IRS Launches ‘Operation Hidden Treasure’ to Target Unreported Crypto Income
The U.S. Internal Revenue Service (IRS) has reportedly launched an operation to target cryptocurrency investors. Dubbed “Operation Hidden Treasure,” the team consists of agents trained in the field of cryptocurrency and transaction tracking. Damon Rowe, Executive Director at the IRS Office of Fraud Enforcement, unveiled “Operation Hidden Treasure” last week at a Federal Bar Association presentation on combating fraud, Forbes reported. The long-time veteran of the IRS Criminal Investigation division explained that the office has put together a dedicated team of IRS....
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Russia’s Ministry of Finance has drafted a bill with harsh penalties for anyone who does not report their cryptocurrency holdings above a certain level. Penalties include jail terms and fines. New Russian Crypto Bill The Russian Ministry of Finance has sent out a new draft bill addressing the circulation of cryptocurrency in Russia to interested government departments, local news outlet Kommersant reported this week. The bill contains amendments to the Russian Criminal Code, the Criminal Procedure Code, the Administrative Code, the Tax Code, and the law on combating money laundering,....
PRESS RELEASE. Yearnify Finance is considered as one of the most innovative sources of passive income by most of the investors. It has drawn attention due to its potential high returns and extreme security measures. What is Yearnify Finance? Yearnify Finance is a community-centered DeFi-project, modeled to take the successful features of Yearn Finance (YFI), and improve upon them. Yearnify aims to bring the true value of yield farming finance accessible to all users. Yearnify offers the most secure and simple way to earn reliable yields on your assets. Yearnify is generally a platform....
The coordinated international action, dubbed Operation Onymous, against the Deep Net marketplaces infamous for being run on the rails of Bitcoin and other digital currencies is still being unveiled. So far, three men have been arrested in the last few days in conjunction with the cases. Currently, Cloud 9, Hydra, and Silk Road 2.0 display the increasingly-visible "This Hidden Site Has Been Seized" notice that online law enforcement has become famous for making. Beyond the three confirmed downed sites, several other Deep Net marketplaces are offline at the moment. Dark net marketplace....
It is not unlikely we will see more ransomware versions targeting Pokémon players moving forward. Since the launch of Pokémon GO, people around the world have been captivated by this mobile game. Not too long ago, the client was also released for Windows users, which only helps grow the Pokémon ecosystem. However, a new type of ransomware, called Hidden Tear, is masking itself as a Pokémon GO app for the Windows platform. Any concept of software that succeeds in gaining mainstream traction will become the target of internet criminals sooner or later. Pokémon GO is no different in that....
Passive income is a great way to generate cash especially for Individuals with low capital who see passive income as a crucial aspect of their finances. If you are someone looking to generate a steady source of passive income is via cryptocurrency. However, with the constant market fluctuations and immense volatility, investing, at all times […]