Tags : Kraken

Bitcoin

Bitcoin exchange Kraken to probe user accounts after U.S. court

The U.S. Internal Revenue Services, the country’s main body responsible for collecting taxes and administering the Internal Revenue Code, will probe users of crypto exchange Kraken after a court order, news outlet Reuters said this morning. The taxman comes for crypto: DOJ says a federal court has authorized the IRS to serve a John Doe […]Read More

Regulation

IRS gets access to crypto exchange Circle’s user data, targets

Shortly after getting a court authorization to obtain records of cryptocurrency exchange Circle’s customers, the US Internal Revenue Service (IRS) is now seeking to get access to similar data from trading platform Kraken. “Those who transact with cryptocurrency must meet their tax obligations like any other taxpayer,” said acting assistant attorney general David Hubbert of […]Read More

Bitcoin

Kraken CEO on Bitcoin: “It’s Going to Infinity”

In an interview with Bloomberg, Kraken CEO and founder Jesse Powell gave a perplexing prediction of Bitcoin’s future value: “When you measure it in terms of dollars, you have to think it’s going to infinity.” Powell was quick to justify his comment by painting a future where instead of comparing Bitcoin to fiat currencies in […]Read More