The IRS is scaling back tax investigations into Bitcoin owners, and the city of Zug will launch an Ethereum-based identity service.

As of today, Bitcoin is exempt from consumption tax in Japan, and even Bitcoin skeptic Mark Cuban is now participating in an ICO.

China is testing its own digital currency, and Ethereum flash crashed on GDAX this week.

Due to a vacation, there have been no weekly updates on Digiconomist. Let’s catch up on what happened recently.

As of today, Digiconomist is featuring an Ethereum Energy Consumption Index.