Former Microsoft official convicted of Bitcoin tax fraud

Volodymyr Kvashuk, a former Microsoft employee, convicted yesterday of tax fraud involving Bitcoin Kvashuk was accused of fraud against his employer, Microsoft, for more than $10 million. The IRS reported that Kvashuk’s case was the country’s first bitcoin case involving tax fraud. The Microsoft engineer worked with the Washington-based technology company between August 2016 and Read more…

Hashreit Bitcoin fell to a three-month low

The activity of the bitcoin miners continues to update lows, the network hash rate on Saturday 31 October fell to 116 exahes per second (EH/s). The last time this amount of computing capacity used to extract cryptocurrency was at the end of July 2020. However, there is no reason to panic, says Garrick Hilleman, representing Read more…