US tax authority is arranging a crypto summit – wants to listen to the industry
The US tax authority, the IRS, will arrange a summit with several big crypto companies in early March.
Congressman Warren Davidson's statement had an unexpected effect.
As part of this, Facebook has been invited to hearings on the project in the US Congress.
Although the hearings have primarily been about libra, bitcoin has also been mentioned.
During these hearings, Congressman Warren Davidson used crypto lingo to show the difference between bitcoin and those of its competitors that have little or no value.
“Many people in the crypto industry use a phrase that says ‘there is bitcoin, and there is shitcoin’”, he said in the hearings, according to Bitcoinist.
— Felipe (@PhilCrypto77) July 17, 2019
Twitter user Felipe was quick to point out that the statement led to a big increase in the number of Google searches for the word “shitcoin”.
The question is whether those who googled were disappointed when they realized that “shitcoin” is not a new exciting cryptocurrency.
On Wednesday, two letter bombs exploded in the Netherlands. The person behind the explosions is demanding a ransom in bitcoin to stop the attacks.
Hackers have allegedly stolen the equivalent of over $70,000 from the Italian crypto exchange Altsbit. Now the crypto exchange is choosing to shut...
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