Traditional and cryptocurrency markets are “in turmoil” as the yuan recovers and the world holds its breath over the U.S.-China trade war. So reports Forbes.

The Internal Revenue Service is asking thousands of taxpayers who did not report transactions featuring virtual currency to check to see if they owe taxes. So reports Reuters.

A study from the Foundation for Defense of Democracies states bad actors are using cryptocurrencies to threaten U.S. geopolitical supremacy. So reports Yahoo Finance.

Facebook's new cryptocurrency project,Calibra, was run through the legislative ringer as Congress and regulators expressed concerns about user privacy, financial instability and money laundering during a recent Senate hearing featuring the initiative's top dog David Marcus.