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 […]
Enlarge / Tim Cook speaks during an event at Lane Technical College Prep High School in Chicago on Tuesday, March 27, 2018. (credit: Christopher Dilts/Bloomberg via Getty Images) Tim Cook will on Friday be confronted with allegations that Apple is operating an illegal monopoly, in a high-stakes case brought by Epic Games, the maker of […]
Enlarge / Icicles hang off the State Highway 195 sign on February 18, 2021, in Killeen, Texas. A winter storm brought historic cold weather and power outages to Texas as storms swept across 26 states with a mix of freezing temperatures and precipitation. (credit: Joe Raedle/Getty Images) Texas Governor Greg Abbott’s office knew of looming […]
Enlarge / Sen. Amy Klobuchar (D-Minn.), during a Senate Commerce, Science, and Transportation Committee hearing on Jan. 21, 2021. (credit: Stefani Reynolds – pool | Getty Images) Sen. Amy Klobuchar (D-MN) and a trio of her colleagues have reintroduced a bill to protect people’s privacy when their data is collected by big tech companies like […]
Enlarge (credit: Getty Images | Hans-Guenther Oed | STOCK4B-RF) The Federal Trade Commission and officials from six states yesterday sued Frontier Communications, alleging that the telecom provider misrepresented Internet speeds and charged many customers for higher speeds than it actually provided or was capable of providing. The complaint was filed in US District Court for […]
Enlarge (credit: Chris Young) AT&T overcharged the District of Columbia government for more than five years and has “agreed to pay $1.5 million for its failure to comply with its long-term contract with the District for cell phone and Internet services,” DC Attorney General Karl Racine announced Monday. The settlement doesn’t recoup the full amount of […]
Enlarge (credit: Aurich Lawson | Getty Images) Overnight, a broad selloff of prominent cryptocurrencies has vaporized billions of dollars in value. Bitcoin, the largest cryptocurrency affected, is off more than 18 percent in the last 24 hours. Currently, it’s worth just over half what it was in mid-April. Over the past week, more than $600 […]
Enlarge (credit: Getty Images | SOPA Images ) Verizon and other Internet service providers are preventing some low-income customers from getting new $50-per-month government subsidies unless they switch to different plans that are sometimes more expensive. Over 825 ISPs nationwide are selling plans eligible for the new subsidies that the US government made available to […]
Enlarge (credit: myoldsmar.com) An employee for the city of Oldsmar, Florida, visited a malicious website targeting water utilities just hours before someone broke into the computer system for the city’s water treatment plant and tried to poison drinking water, security firm Dragos said Tuesday. The website, which belonged to a Florida water utility contractor, had […]
Enlarge (credit: Jose Luis Stephens | Getty Images) To limit global warming to 1.5˚C by the end of the century, the world has to deploy clean technologies en masse while slashing investment in new oil, gas, and coal supplies, according to a new report by the International Energy Agency. Getting to net zero carbon emissions […]