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Crypto payments above $10,000 would be reported to IRS under Treasury plan
Enlarge (credit: Getty Images | R.Tsubin) The Biden administration wants businesses to report cryptocurrency transactions with values of at least $10,000 to the Internal Revenue Service. “Cryptocurrency already poses a significant detection problem by facilitating illegal activity broadly including tax evasion,” the US Treasury Department said in its proposal for implementing the tax compliance initiatives […]
Amazon Games Reaches its Hard Shot Crucible after Just five Weeks
Expand / We have previously placed these Amazon Games mascots behind prison bars; today, they are in flames. We barely knew ye. (charge: Amazon Games / / Aurich Lawson) As it happens, Amazon’s notion of a Crucible could not deal with the extreme heat and stress of the gaming sector. After launch in May of […]
The Chime banking app has been closing accounts, not returning money
Enlarge / Putting the dollar in the box is easy—but getting it back out can sometimes be a months-long ordeal. (credit: PM Images ) Chime is a banking application which serves millions of users—but it’s not actually a bank. And it racked up an unusually large number of consumer protection cases over the last year—920 […]