The IRS won’t ask you to report ‘Fortnite’ V-Bucks on tax returns

Don't worry, you won't have to factor in-game currency into your taxes... at least, not yet. The IRS has removed a guideline (cached here) from October that treated Fortnite's V-Bucks, Roblox's Robux and other in-game currencies with real monetary va...

Epic Games Store will keep offering free games throughout 2020

The Epic Games Store has faced something of a challenge in capturing the hearts and minds of gamers since its launch in 2018. Its continued insistence on exclusives, plus its relative immaturity compared to the likes of Steam, has seen complaints fro...

International money transfer service Travelex held ransom by hackers

Foreign exchange company Travelex has been targeted by hackers demanding $6 million (£4.6 million), in an attack many believe could have been averted months ago. The ransomware gang known as Sodinokibi -- also as REvil -- says it has downloaded...

Tech companies won’t become banks, but they’ll pretend to

Silicon Valley has already eaten plenty of industries, from camera and newspaper businesses to watches and even flashlights. Now, Big Tech appears to be turning its attention to banking. But don't expect Facebook or Google to launch their own banks....

Facebook releases Zuckerberg’s upcoming testimony in defense of Libra

Tomorrow, Facebook CEO Mark Zuckerberg will appear before the Financial Services Committee, where he's expected to be grilled about Facebook's planned cryptocurrency Libra and digital wallet Calibra. Ahead of tomorrow's inquisition, Facebook has shar...

Facebook’s Libra loses one more member as its council becomes official

Facebook couldn't avoid losing another Libra Association member before it formalized the cryptocurrency's council. Booking Holding, the company behind Booking.com, Kayak and Priceline, has withdrawn from the Libra Association just before the organiz...

EU grills Facebook over Libra’s financial and privacy risks

It's not just central banks interrogating Facebook over its Libra cryptocurrency as of late. The Financial Times has learned that the European Commission has asked Facebook to answer a range of questions about Libra, including the risks to financial...

Central banks to question Facebook over Libra cryptocurrency

Facebook is about to undergo further scrutiny of its Libra cryptocurrency, and it may have to answer some difficult questions. Officials speaking to the Financial Times said that Libra representatives are meeting with officials from 26 central banks...