U.S. Stocks Set To Open Lower As U.S. – China Tensions Increase

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(Reuters) - A federal court in California on Wednesday allowed the Internal Revenue Service (IRS) to seek three years of information from blockchain firm Coinbase Inc about its American users, the U.S. Department of Justice (DOJ) said. The court in Northern District of California authorized the IRS to serve a so-called John Doe summons, used when the summoned person cant be identified, to Coinbase for U.S. taxpayers who conducted virtual currency transactions on its platform during 2013 to 2015. We look forward to opposing the DOJs request in court after Coinbase is served with a subpoena, a spokesman for the San Francisco-based company said in an email to Reuters. Coinbase remains concerned with its U.S. customers privacy rights in the face of the governments request, he added. (Reporting by Ismail Shakil and Sruthi Shankarin Bengaluru; Editing by Sandra Maler) View comments
# Essential Cybersecurity Knowledge for Developers (Part 5: 41–50)
Explore key cybersecurity concepts every developer should know to enhance secure application development.