September 10, 2022

Florida Man Faces Five Years in Prison for Stealing $100M Worth of Crypto

Joshua David Nicholas – a resident of Florida – pleaded guilty that he and other members of the cryptocurrency platform EmpiresX skimmed investors with $100 million worth of digital assets. He now faces a maximum penalty of up to five years in Federal prison. Last month, the US authorities brought to justice another criminal crew...
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These Countries Have the Best Crypto Tax Legislation: Research

The digital asset exchange aggregator – Coincub – conducted a study to find out which countries offer the friendliest cryptocurrency tax policies to their citizens. Germany ranked as the world’s crypto tax heaven, while Italy and Switzerland were respectively second and third. Taking a look at the opposite corner, Belgium is the worst nation for...
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Polygon (MATIC) and Fantom (FTM) will be overtaken by Flasko (FLSK) in 2023

With the help of the Flasko (FLSK) protocol, cryptocurrency investors can generate passive income by  purchasing and holding tokens (yield farming as a service). The platform claims to close the investing gap between conventional and cryptocurrency. Pre-sale for Flasko (FLSK) has begun. The project is expected to increase by 4,000% by the end of this...
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Jack Dorsey’s Bitcoin Academy Airdrops $1000 in BTC to All Attendees

The first iteration of The Bitcoin Academy – Jack Dorsey and Jay Z’ (Shawn Carters) ‘s Bitcoin education program – has come to a close. After 12 weeks, the initiative ended by airdropping $1000 in Bitcoin to all participants who opted to receive a grant.  Jack and Jay Z’s Parting Gift As reported by Business...
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Bitcoin Bear Market May Continue Until the End of 2022, Will BTC Price Find its Lows?

The crypto markets displayed diverse price actions ever since the beginning of 2022 & displayed a contrasting behavior to what was being predicted. Considering the latest price action, the Bitcoin (BTC) price marked the very much-needed 10% jump during the previous trading day.  While the market sentiments are coiling up, one of the well-known analysts...
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White House Report Recommends Banning Bitcoin Mining to Slash GHG Emissions

The White House Office of Science and Technology Policy (OSTP) has released a report examining the connection between distributed ledger technologies (DLT) and climate change.  The office determined that crypto’s relationship with the environment is a mixed bag. While acknowledging the positive impact that mining can have on grid stability and renewable development, it can...
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Bitcoin Rallies into the Weekend as MicroStrategy May Raise $500M to Buy BTC

The largest corporate bitcoin holder has filed a new filing with the US Securities and Exchange Commission that will essentially allow it to purchase more BTC for up to $500 million. The news comes as the cryptocurrency surged past the $20,000 level and jumped to a new two-week high. The filing with the securities regulator...
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Japanese Mayors Awarded With NFTs for Excelling at Usage of Digital Technology

The Japanese government is handing out non-fungible tokens (NFTs) as a supplementary award to local authorities that excelled in utilizing digital technology to solve local issues as well as fostering the digital economy. A total of seven mayors received NFT awards for various initiatives. As per the report from CoinPost, the tokens, which were distributed...
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