Norton Antivirus to Launch ETH Miner, U.S. Government to Target Foreign Crypto Investors
Crypto Miner
Crypto mining using Norton Antivirus will soon Go Live
NortonLifeLock, the cybersecurity company behind the Norton 360 Antivirus, will soon allow users to turn their idle CPU power to earnings by mining ETH.
The Norton Crypto program–which is live for early adopters– is a welcomed shift.
The Norton 360 Antivirus will have an approved, legal inbuilt crypto-miner in software that will sufficiently protect their “customer’s ever-evolving digital lives.”
By enabling mining “by just a few clicks,” Norton is lowering the barrier to entry.
In all, it will be a big way for users to make extra money from their idle computing resources while helping promote cryptocurrencies.
Ethereum, unlike Bitcoin, doesn’t rely on ASICs and has rebuffed all efforts to make their network powered by specialized chips despite their Proof-of-Work consensus algorithm.
It is the same miners that Ethereum users, nonetheless, blame for high Gas fees.
The U.S. Might Begin Collecting Information on Foreign Crypto Investors
Meanwhile, the Biden Administration plans to collect information on all foreign crypto investors to bolster efforts to curb tax evasion.
The proposal is part of a global data sharing pitch that will enable the U.S. government to nab individuals who don’t file their taxes, dodging their obligations.
The Treasury Department, in a tax regime change, now wants regulated cryptocurrency exchanges and brokers in the U.S. to submit information to the Internal Revenue Service (IRS) of foreigners indirectly registered with them.
This way, the U.S. government would have a list of foreign individuals trading cryptocurrencies. They can exchange this list with foreign authorities for information about U.S. citizens skiving their tax obligations.
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