US lawmakers warn of Iranian crypto miners threatening national security
According to Senators Elizabeth Warren and Angus King, the Iranian government has used funds from crypto mining to fund terrorist organizations.
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British tween earns almost $400K on NFT sales without a bank account
Benyamin Ahmed created and tokenized digital pictures of whale emojis and sold them in the form of NFTs during school vacation. A 12-year-old boy from London reportedly earned nearly $400,000 (290,000 pounds) by selling a series of nonfungible tokens (NFTs) during the school holidays.In an interview with Geo.tv, Benyamin Ahmed shared his excitement about being…
Brazilian gov’t gets help from US Justice Department to seize $24M in crypto
The government of Brazil requested assistance from US authorities regarding a crypto fraud scheme called “Operation Egypto.” 1682 Total views 25 Total shares According to a Wednesday filing, the U.S. Justice Department seized $24 million in virtual currency pursuant to an official request from the Brazilian government.The Department of Justice, or DoJ, said that the…
4 Reasons Bitcoin Price Suddenly Slid Below $9K, Liquidating $55M
The price of Bitcoin (BTC) dropped below $9,000 from $9,660 within seven hours. The 7% plunge comes as $55 million worth of long futures contracts were liquidated on BitMEX.Four factors are likely behind the sudden decline in the price of the top cryptocurrency by market capitalization. Namely: stocks sliding, selling pressure from miners, an extended…
‘Old money has all but fled,’ Huobi co-founder discusses challenges of running $400M VC fund
Jun launched the fund amidst the bear market this year and continues to invest in Web 3.0 companies. 2551 Total views 7 Total shares Own this piece of crypto history Collect this article as NFTIn a new Twitter post dated Dec. 12, Du Jun, co-founder of cryptocurrency exchange Huobi Global, shared new insight on his…
Blockchain Association responds to US lawmakers’ request for crypto tax guidance
Lawmakers with the U.S. Senate Financial Services Committee announced in July they would be accepting suggestions on how to tax crypto until Sept. 8. 175 Total views 1 Total shares The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted suggestions for lawmakers to consider in potential legislation on the tax treatment of digital
‘Nothing issue’ — MicroStrategy CEO plans to hodl Bitcoin ‘through adversity’
Bitcoin (BTC) megahodler MicroStrategy can ride out further BTC price declines, even if it falls to just $3,500, its CEO confirms.In a tweet on June 14, Michael Saylor sought to allay fears that his firm's BTC exposure may be about to cost it dearly.Saylor stays calm as MSTR dips furtherWith the largest corporate Bitcoin treasury,…
CoinMarketCap Users Are Calling Out the Latest Exchange Rankings
The community is taking issue with the fact that BitMEX is ranked 175th by CoinMarketCap, but other derivatives platforms are not properly ranked as well. 492 Total views 1 Total shares Following the latest CoinMarketCap update which introduced the “Confidence factor” to rank exchanges, users are taking issues at perceived injustices against popular platforms.A pseudonymous…
Analysts say bulls will aim for $48K now that Bitcoin’s ‘accumulation phase’ has begun
Investor sentiment across the cryptocurrency ecosystem has seen a significant shift in the positive direction over the past week, despite events in the wider world. Currently, Bitcoin (BTC) is back above $43,500 and many altcoins are also witnessing double-digit gains.Crypto Fear & Greed index. Source: AlternativeThe ongoing conflict in Ukraine and recent actions taken by…