IRS Reminds Taxpayers to Report Virtual Currency Earnings (

The United States Internal Revenue Service (IRS) recently published a document reminding taxpayers that income derived from virtual currency transactions must be reported on income tax returns. The IRS states that taxpayers who fail to report virtual currency earning may be audited or made liable for “penalties and interest.”
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Bitcoin Thieves Threaten Real Violence for Virtual Currencies

A few weeks before that, the head of a Bitcoin exchange in Ukraine was taken hostage and only released after the company paid a ransom of $ 1 million in Bitcoin. In New York City, a man was held captive by a friend until he transferred over $ 1.8 million worth of Ether, a virtual currency second in value …
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