Links:

• Alibaba to ban crypto miner sales amid Chinese crackdown
• Crypto tax ‘a top enforcement priority,’ reminds IRS Commissioner
• Social Token Site Roll Gets Boost With $10M Series A Led by IOSG Ventures — CoinDesk

Links:

• President's tax gap proposal calls for businesses to report crypto transactions above $10,000
• Figure raises $200 million Series D, raising its valuation to $3.2 billion

Bitcoin is up .5% at $48,959
Ethereum is up 1% at $3,905
and Binance Coin is up .5% at 587.

Polygon up 31%
Cardano up 15%
Cosmos up 15%

Microsoft is closing down its Azure Blockchain Service in September.

The Bank of England says it looks probable that the state would need to issue some form of digital cash to retain citizen’ confidence.

Argentina’s Tax authority has ordered crypto exchanges to file information on transactions.

Binance is facing an investigation by the IRS and Department of justice

The Bitcoin wallet used by DarkSide for ransom payments has ben ID’d by Elliptic

Links:

• Azure Blockchain Service retirement notification and guidance - Azure Blockchain | Microsoft Docs
• Binance Faces Probe by U.S. Money-Laundering and Tax Sleuths (1)
• Elliptic Follows the Bitcoin Ransoms Paid by Colonial Pipeline and Other DarkSide Ransomware Victims
• Do we need ‘public money’? - speech by Jon Cunliffe | Bank of England
• Argentina’s Tax Authority Orders Crypto Exchanges to File Information on Transactions: Report - CoinDesk

Bitcoin is down .5% at $50,625
Ethereum is up slightly at $3,999
and Binance Coin is down slightly at 606.

Dogecoin up 29%
Polygon up 24%
Ethereum classic, up 21%

Facebook’s Libra project pivots to Diem, pivots back to the US, and pivots to a USD stablecoin.

The IRS warns that the agency can seize people’s crypto assets to settle unpaid taxes.

DeFi protocol xToken exploited for $24.5M.

The Colonial Pipeline paid the $5M crypto ransom soon after the attack.

Links:

• IRS Seizing Crypto Assets to Pay Off Tax Debts, Official Says
• Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom - Bloomberg
• Attacker uses flash loans in $24.5 million exploit of DeFi protocol xToken
• xToken on Twitter: "Our initial report on today's exploit. More details in the coming days. https://t.co/ZadHCUTqEK" / Twitter
• Diem Announces Partnership with Silvergate and Strategic Shift to the United States

Bitcoin is down slightly at $56,424
Ethereum is down .5% at $3433
and Binance Coin is down slightly at $624.15

VeChain up 19%
Monero up 17%
Ethereum Classic up 15%

Citi Bank is looking to launch crypto trading, custody and financing services

Amazon is rolling out dedicated mining solutions for Chia on AWS.

GoldmanSachs is leading the $15m Series B Funding round for Coin Metrics

Ether options traders are bullish for $8k

The IRS set to pull records for Kraken users transacting over $20k in Crypto.

Links:

• Coin Metrics Closes $15M Series B Round Led By Goldman Sachs
• Galaxy Digital to Acquire BitGo to Form Pre-Eminent Global Provider of Digital Asset Financial Services for Institutions
• Ether Options Traders Betting on $8K Price Next Month - CoinDesk
• Court Authorizes Service of John Doe Summons Seeking Identities of U.S. Taxpayers Who Have Used Cryptocurrency | OPA | Department of Justice
• Citi considers crypto
• Amazon rolls out Chia crypto mining solution on AWS

Bitcoin is down .5% at $57,200
Ethereum is down 1% at $2,037
and Binance Coin is down 1% at $335.00

Those are your leaders by market cap, top gainers in the last 24 hours…

Helium up 21%
BitTorrent up 20%
Tron up 15%

The IRS is working to get customer records from Kraken.

The Weeknd’s NFT auction is going swimmingly on Nifty Gateway.

Binance Futures hit a record high of over $10B yesterday.

Thailand’s Central bank will test retail digital currency next year.

Links:

• Binance's Crypto Derivatives Platform Sees Record Open Interest of $10B - CoinDesk
• Bank of Thailand CBDC pub

Bitcoin is down slightly at $50,734
Ethereum is down 1% at $1664
and Binance Coin is down .5% at 238.85

Top gainers in the last 24 hours:
Mir coin up 20%
Aave up 16%
Uniswap up 15%

The IRS issued clarification around crypto taxable events.

DeFi Project Meerkat was apparently exploited for $31 million worth of crypto

Ethereum’s EIP 1559 proposal set for July

Links:

• Ethereum's 'EIP 1559' Fee Market Overhaul Greenlit for July - CoinDesk
• Rug pull? DeFi project Meerkat drained by $31M on Binance Smart Chain
• Frequently Asked Questions on Virtual Currency Transactions | Internal Revenue Service

Bitcoin is up 2% at $18,323
Ethereum is up 1% at $554
and XRP is down 5% at 53 cents

Top gainers in the last 24 hours:
Stacks up 13%

Vladimir Putin signed an order requiring public officials in russia to disclose their digital assets.

The IRS has moved the crypto tax question to the top of the Form 1040.

Oyster Pearl creator charged.

Blockchain research firm Elliptic says privacy wallets are replacing mixers.

Links:

• The IRS has officially moved its crypto tax question to the top of Form 1040, making it much more prominent - The Block
• Cryptocurrency Founder “Bruno Block” Charged With Multimillion-Dollar Tax Evasion Scheme | USAO-SDNY | Department of Justice
• Financial Crime Typologies In Cryptoassets: The Concise Guide for Compliance Leaders
• Putin Orders Russia's Public Officials to Report Crypto Holdings - CoinDesk

IRS Gives Instructions on Crypto

PayPal Throttles Epik

Garlinghouse Tells CNBC Tech Companies Must Engage on Issues

Links:

• Tax Payers Needn't Disclose Merely Holding Cryptos: IRS Draft 2020 Guidance - CoinDesk
• Ripple CEO Brad Garlinghouse opposes Coinbase’s 'no politics' policy

Fed Action Pumps Up Bitcoin Price by Cheapening Value of Dollar

Ripple Trademarks

IRS Ignores Internal Watchdog, Sends Letter to Cryptoverse Again

Links:

• Tyler Winklevoss says US Fed is the ‘biggest booster’ of Bitcoin price
• Ripple filed four US trademark applications this month
• IRS, Ignoring Its Own Watchdog, Sends Letters About Crypto Taxes Once Again - CoinDesk

Bitcoin is down 1.5% at $9,095
Ethereum is down 3% at $232
and XRP is down 4% at 19 cents

Top gainers in the last 24 hours:
IExec RLC, up 16%

Twitter was hacked yesterday via a coordinated social engineering attack for a Bitcoin scam.

The Samsung Galaxy smartphone now supports the stellar blockchain network.

Sorare has picked up $4 million in a seed round.

New Hampshire resident James Harper is suing the IRS for unlawful seizure of private financial data.

Links:

• Samsung Galaxy smartphones now support Stellar blockchain - The Block
• Twitter’s massive hack: What we know after Apple, Biden, Obama, Musk, and others tweeted a bitcoin scam - The Verge
• Ethereum-based gaming startup Sorare raises $4 million in seed funding - The Block
• Tax Day lawsuit alleges the IRS violated crypto holders' constitutional rights - The Block

Bitcoin is up slightly at $9,684
Ethereum is up slightly at $243
and XRP is up slightly at 20 cents

Top gainers in the last 24 hours:
Zilqua up 16%
Verge up 17%

Coinbase is looking to sell blockchain analytics software to the DEA and the IRS.

The SEC is filing charges in salt lake city against three leaders of the Modern Money Team cryptocurrency MLM

Robinhood users are buying US blockchain ETFs and it’s pushing the number of holders to 2020 highs

Regulators in New York and France to create innovation corridor

IFS Seeks Help on Crypto

TON is Dead

Bank of England: No Compromise on CBDC

Links:

• IRS Seeks Third-Party Contractors to Help With Taxpayers’ Crypto Calculations
• Telegram Abandons TON Blockchain Project After Court Fight With SEC - CoinDesk
• Bank of England: No Compromise on Our Principles for Any Future CBDC - CoinDesk

Bitcoin is even at $10,238
XRP is up 2.75% at 33 cents
and Ethereum is up 4.5% at $282

Top gainers in the last 24 hours:
Wax up 65%
Golem up 33%
Elf up 21%

Wells Fargo is investing 5 million in blockchain analytics firm Elliptic

The IRS has removed Ether and two gaming tokens from examples of convertible virtual currencies.

Authorites in the US are charging DropBit CEO for allegedly laundering $311 million in bitcoin

Novogratz’s Galaxy Digital lays off 13 people.

Links:

• IRS removes ether and two popular gaming tokens as examples of convertible virtual currencies - The Block
• US authorities charge DropBit CEO for allegedly laundering $311M in bitcoin - The Block
• Novogratz's Crypto Investment Firm Galaxy Digital Shrinks Workforce 15% - CoinDesk
• Wells Fargo invests $5M in blockchain analytics firm Elliptic - The Block

Bitcoin is up 0.5% at $10,248
XRP is up 1% at 33 cents
and Ethereum is up 1% at $270

Top gainers in the last 24 hours:
Bytecoin up 25%
Steem up 19%
Siacoin up 15%

The IOTA Foundation pauses its network, saying between $300K and $1.2M worth of tokens stolen from users of Trinity wallet.

US Government agencies are seeking millions of dollars in additional funding for to support their cryptocurrency oversight and enforcement efforts.

The key management network Torus has exited beta and open sourced its codebase.

Links:

• IOTA Foundation pauses network, says between $300K and $1.2M worth of tokens stolen from users of Trinity wallet - The Block
• U.S. agencies seek millions in new funding to bolster crypto efforts, budget documents show - The Block
• Key management network Torus exits beta, open-sources its codebase - The Block

They Want to Know About Your Crypto

Chainalysis Wants to Help Them Know About Your Crypto

Links:

• US Treasury Secretary Promises ‘Significant New Requirements’ on Cryptocurrency
• ‘Full Transparency Not Ideal for Cryptocurrency’ Says Chainalysis Exec

Bitcoin is down half a percent at $7,156
XRP is down 1% at 19 cents
and Ethereum is down half a percent at $127

Top gainers in the last 24 hours:
Counterparty, up 13%

Eight congressmen have asked the IRS to clarify crypto tax rules around airdrops and forks.

The french financial markets authority has granted its first approval for an ICO.

Binance has invested in crypto derivatives platform FTX.

The SEC has settled charges against an ICO issuer and levied a $250k fine.

Blockchain (dot) com has added support for the british pound sterling.

Links:

• SEC settles charges against ICO issuer, imposes $250k fine - The Block
• As Brexit looms, Blockchain.com’s crypto exchange adds support for GBP, with UK Faster Payments Scheme - The Block
• French regulator grants its first approval for an initial coin offering - The Block
• US Lawmakers Ask IRS to Clarify Crypto Tax Rules Around Airdrops, Forks in New Letter - CoinDesk
• Binance Invests Undisclosed Sum in Crypto Derivatives Platform FTX - CoinDesk

Omni Closing: Dev Team to Coinbase

UPbit Exchange Hit for $49 Million in Ether

IRS Gets a Pass

Links:

• Coinbase Archives - CoinDesk

Top gainers in the last 24 hours:
Dock up 19%
Dragonchain up 17%
Dentacoin, up 15%

Binance adds a second cryptocurrency to its decentralized affiliate Binance Chain.

The SEC has sued Telegram for the Grams offering.

The IRS will be asking tax payers if they own cryptocurrencies in a new 1040 tax form.

Ripple invested 750k into the wallet BRD.

Links:

• Binance Adds XRP-Pegged Token to Its Decentralized Exchange - CoinDesk
• The SEC sues Telegram, aims to stop distribution to US investors of Grams sold in $1.7B sale - The Block
• The IRS will ask taxpayers if they own cryptocurrencies in new 1040 tax form - The Block
• Ripple invests $750K in crypto wallet BRD to increase XRP usage - The Block

IRS Publishes Guidance

Brave Goes Cheddaruck

Zuck Speaks on Hill Oct. 23

Links:

• The IRS Just Issued Its First Cryptocurrency Tax Guidance in 5 Years - CoinDesk
• Blockchain Browser Brave to Offer Free Access to Premium Cheddar Content - CoinDesk
• Facebook CEO Mark Zuckerberg to Testify Before Congress Over Libra Crypto - CoinDesk

Bitcoin is down 3% at $9,478
XRP is down 3% at 31 cents
and Ethereum is down 4% at $207

Top gainers in the last 24 hours:
Zclassic up 17%

The IRS is sending letters to 10,000 cryptocurrency holders telling them to report their crypto holdings and pay the proper taxes.

An MIT fellow has called out Libra for "lifting” several of his ideas for the token.

Bitcoin-rewards app Lolli has added 900 retail locations of SafeWay.

Links:

• IRS sends letters to warn over 10,000 cryptocurrency investors to report and pay taxes properly - The Block
• MIT Fellow Says Facebook 'Lifted' His Ideas for Libra Cryptocurrency - CoinDesk
• Lolli CEO on Twitter