Coinbase CEO: IRS battle could cost startup $1m

Digital currency exchange Coinbase has issued new comments in its ongoing dispute with the IRS. The firm filed last week to officially respond to the so-called “John Doe” case instigated in November by the IRS, which is seeking to obtain three years’ worth of customer records in a bid to catch tax cheats. Specifically, Coinbase is asking that the court hold off a decision on a motion filed by one of its customers as well as the IRS summons itself, until March at the earliest. Coinbase is also going public about how it believes the effort could cost much-needed time and resources. Read more: