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cryptocurrency Articles

U.S. Officials Seize $3.6 Billion in Bitcoin from Bitfinex Hack

In early February 2022, the Justice Department announced that it had seized more than $3.6 billion worth of Bitcoin allegedly stolen by a New York couple six years ago. The couple, Ilya Lichtenstein and Heather...

Tax Implications of Cryptocurrency Mining

Question Presented Is cryptocurrency mining similar to mineral mining where recognition of income does not occur until the miner disposes of the mineral in an exchange? Statement of Facts In mineral mining, recognition of income...

White House Planning Executive Action to Regulate Cryptocurrencies

The Biden Administration is planning an executive action to allow federal agencies to regulate the crypto sector. Should the government regulate a decentralized market?