We know the world of cryptocurrency is an exhilarating place to be right now. It raises unique challenges, particularly when it comes to engaging with critical regulatory agencies such as the IRS. Kwame Nkosi, an astute observer of the blockchain landscape, untangles the muddied waters around IRS crypto seizures, illuminates...
A recent report has revealed that the Internal Revenue Service (IRS) is facing scrutiny over its handling of seized digital assets. The report was conducted by a non-profit government oversight group. Specifically, it calls attention to major failings in IRS procedures for handling seizure memorandums for seized cryptocurrencies and other...
Imagine this: Siti, a young entrepreneur in Jakarta, Indonesia, built her small business selling batik crafts online. Now she was able to avoid the large international transfer fees and connect with customers overseas thanks to crypto payments. One morning she wakes up to discover that all her crypto assets are...
This report shows a deeply troubling reality: the IRS is fumbling the ball when it comes to seizing cryptocurrency. Frankly, we should all be outraged. It’s more than just the cost of losing Bitcoin. It’s the feeling of eroding trust — trust in a system that was created to protect...
The Supreme Court’s decision to allow the IRS to obtain cryptocurrency data dealt a crushing blow to more than 14,000 Bitcoin users. This ruling is a powerful reminder that the government has the ability to regulate and force disclosure of data connected with Bitcoin transactions. The ruling sets forth a...
I think about Auntie Mei, a low-key hawker in KL. She was struggling. Banks wouldn't give her a loan. Then, she discovered Bitcoin. Now, she could easily accept payments from tourists. She was able to send remittances back to her family in rural Malaysia without high fees and even save...
The Supreme Court’s recent decision to leave in place the IRS’s request for data on users of the cryptocurrency exchange Coinbase is a watershed moment. It's not just about 14,000 Coinbase users; it's about the future of crypto in America. Have we taken the first steps toward a system where...
Well, the Supreme Court has just denied to hear the Coinbase case. Taken altogether, this choice is a gut punch for anyone who values digital privacy. This isn’t only an issue of crypto, but rather a part of the broader, more nefarious erosion of our fundamental rights. The IRS recently...
Coinbase user James Harper is now locked in a legal showdown with the Internal Revenue Service (IRS). The argument has focused on the public access to his cryptocurrency trading records. By ruling in favor of the IRS, the Supreme Court has given the agency permission to bypass a warrant and...
The U.S. Supreme Court's recent decision not to hear a case involving Coinbase and the IRS has significant implications for cryptocurrency users, particularly those who value data privacy. Harper, a former Coinbase customer, was the original plaintiff. First, he challenged the IRS’s authority to access the user data through a...
The United States Senate recently convened a hearing on the growing universe of cryptocurrency. In doing so, they highlighted the desperate need for regulation in this emerging frontier. Here are some of the most important highlights that emerged through the conversations. They each noted the challenges, opportunities, and possible future...
The market of cryptocurrency day trading is a whirlwind, chaotic and always on the move. Quick reflexes, and even quicker algorithms. Thanks to new, advanced AI tools such as ChatGPT and Grok, traders are experiencing the most powerful insight and automation they’ve ever seen. Kwame Nkosi, a blockchain commentator, balances...
Let’s face it, the crypto community can’t resist an exciting hype train. Right now, the AI-powered trading locomotive is barreling down the tracks, with Grok and ChatGPT as its star conductors. Well before you decide to mortgage your home and give Uber all your assets, let’s slow down a moment...
You know, sometimes I feel like I'm watching a rerun of an old movie, only this time, it's playing out in the halls of Congress. The Senate Banking Committee’s recent hearing on the need for comprehensive crypto regulation. It was a bit like a Broadway show. Rather than earnestly seeking...
The recent Senate Banking Committee hearing on regulating the crypto space? If I’m being truthful, it was more like seeing a train wreck go down in slow motion. While senators debated the nuances of defining a digital asset – is it a security, a commodity, or something else entirely? –...
Forget about Wall Street, the exciting disruptor in crypto day trading is cooking up in the crowded streets of Southeast Asia. I'm not talking about hedge fund managers with Bloomberg terminals; I'm talking about the everyday person – the small business owner in Jakarta, the student in Kuala Lumpur, the...
The Senate Banking Committee met recently to discuss the rapidly growing, but highly confusing, world of crypto regulation. This upcoming meeting could not be more important at this moment in history. American consumers are losing billions to crypto scams as well, and the U.S. is lagging other countries in establishing...
You think you know stablecoins. Tether, USDC – the usual suspects. Big market caps, widespread adoption. Comforting, right? Wrong. As all eyes are on these titans, a more quiet revolution is in the making. Looking forward to seeing you there! This lack of attention is robbing you of big future...