A bitcoin ATM operator has been sent to federal prison for two years for running an illegal cryptocurrency exchange operation. U.S. authorities have seized 17 bitcoin ATMs, along with some cryptocurrencies, including bitcoin. Illegal Bitcoin ATM Operator Sent to Prison The U.S. Department of Justice (DOJ) announced Friday that a California man, Kais Mohammad, has …
Yearly archives: 2021
Fleeing Lynchpin of Nigerian Crypto Ponzi Scheme Inksnation Captured
The lynchpin of Inksnation, one of Nigeria’s biggest crypto Ponzi Schemes, Omotade-Sparks Amos Sewanu, has been captured. According to Nigeria’s Economic and Financial Crime Commission (EFCC), Sewanu, who was on the run, was nabbed in Sokoto, a city located in the northwest part of the country. Still, in its May 28 Twitter statement, the EFCC …
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Australian Tax Office to Prompt 400,000 Crypto Holders to Report Their Gains
Australia’s revenue service has reminded a growing number of crypto investors about their tax obligations. Rejecting the common misconception that crypto gains are only taxable when coins are cashed back into dollars, the tax office is going to prompt hundreds of thousands of taxpayers to report profits and losses from their cryptocurrency transactions. Tax Office …
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Bitcoin Price Prediction: BTC/USD Encounters Significant Reverses
Bitcoin Price Prediction – May 29The BTC/USD market now encounters significant reverses after a strive of embarking on a rallying movement it made recently. The crypto-financial record as of the time of writing has it that the market value trades at about a -1.79% reduction around the level of $35,134. BTC/USD MarketKey Levels:Resistance levels: $40,000, …
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Bitcoin dominance cycle suggests the 2017 crypto rally could repeat
Bitcoin dominance patterns are showing similar lows and an eerie resemblance to 2017. So what does this suggest for BTC price? For the purposes of historical comparison, it’s also worth noting that the pattern of the dominance chart currently looks much like it did during the earlier part of 2017. As the markets have gone …
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Ignore the headlines — Bitcoin mining is already greener than you think
ESG-led Bitcoin mining is not only possible, but it’s ultimately the most responsible and prosperous way to show leadership in this growing industry. Is it possible to mine Bitcoin (BTC) using only 100% renewable energy sources and deliver the same economic returns as those using carbon-based sources? The answer is yes, according to Square’s recent …
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Bitcoin Failing to Recapture the 200-Day MA Points to a Bear Market
Bitcoin has traded below the 200-day moving average for over a week The moving average is now a resistance zone for Bitcoin around the $40k price level Bitcoin is also trading below the 6-month moving average BTC’s bullishness is hinged on reclaiming these two MAs otherwise a bear market will ensue Bitcoin might have entered …
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DeFi bucks crypto market correction as Uniswap v3 leads the charge
Numbers don’t lie: Uniswap v3 gains traction with DeFi users despite May’s crypto market crash. Decentralized exchange Uniswap successfully launched version 3 of its platform in May — resulting in high trade volumes despite a downturn across the cryptocurrency markets. The latest version of the hugely popular decentralized finance (DeFi) automated market maker (AMM) has …
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The remaining steps to mainstream institutional investment
The crypto space suffers from its checkered history and, to grow further, the ecosystem must become safer, more usable and more mature. It has been said that you only get one chance to make a first impression. Perhaps the best example of this old adage is the cryptocurrency space. From exit scams and money laundering, …
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Spain’s Largest Asset Managers Still Reluctant to Invest in Cryptocurrencies
The biggest Spanish asset managers are still not convinced of cryptocurrencies as an asset class, and therefore have no plans to invest in the space yet. The declarations of several spokespeople linked to these companies state that, while there is a significant opportunity in the nascent cryptocurrency sector, it is still too young and volatile …
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Every Fourth Australian Willing to Be Paid in Bitcoin, Poll Finds
A new survey has established that one in four Australians would like to receive at least part of their salary in cryptocurrency. While the motives vary between the members of this diverse group, the results indicate that the Australian nation’s overall interest in decentralized digital money remains strong. 4.7 Million Australians Would Accept Bitcoin Remuneration …
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Religious Ban on Cryptocurrencies Provokes Social Media Reproach in Ingushetia
A decision by a prominent religious body in Ingushetia to prohibit dealings with cryptocurrency has sparked controversy in the predominantly Muslim Russian republic. Critics have taken to social media to express their disagreements with the ban, pointing out that the treatment of bitcoin in Islamic jurisdictions is not one-sided. Islamic Cleric Explains Reasoning Behind Crypto …
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3 reasons why Polygon (MATIC) outperformed Bitcoin and major cryptos this week
MATIC, the native cryptocurrency of Polygon, rose by over 35% in the past week due to three reasons. Polygon (MATIC) is on a tear. In the past seven days, it has gained 35% in the past seven days, outperformed every major cryptocurrency apart from Uniswap. There are several big reasons behind the strong uptrend of …
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The future of digital asset liquidity: Centralized or decentralized?
DeFi solutions, and the decentralized liquidity they protect, are the only way forward for the cryptocurrency space. Last month, Bitcoin (BTC) reached above $60,000, highlighting the current frenzy around digital currencies. Following BTC, altcoins also saw substantial increases in value. All of this is music to the ears of long-term and short-term bull investors seeking …
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Q1 SEC Filing Shows Argentinian Tech Giant Globant Invested in Bitcoin
Globant, one of the big four tech firms in Argentina, has quietly made its first foray into the world of cryptocurrency investing, according to its latest filing to the SEC. The firm bought bitcoin during the first three months of this year, and is now part of a select number of LATAM unicorns that have …
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