Cryptocurrency exchange Binance’s U.S. arm could be going public in three years, Binance CEO Changpeng Zhao has revealed. He said that his exchange “is just going to do what Coinbase did.” Coinbase Global went public on Nasdaq via direct listing. Binance Plans to IPO in the US Within 3 Years Binance’s founder and CEO, Changpeng …
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Curtis Sliwa, a candidate for New York City (NYC) mayor, said that he will make his city “the most cryptocurrency-friendly city” in the U.S. if he is elected. He joins a growing list of mayors and mayoral candidates in growing cryptocurrency adoption. Mayoral Candidate Plans to Turn NYC Into the Most Crypto-Friendly City NYC mayoral …
The founder of Cardano and co-founder of Ethereum, Charles Hoskinson, says that he expects cryptocurrencies to “play a larger role” in Afghanistan amid war with the Taliban forces. Charles Hoskinson Sees Cryptocurrencies Playing Larger Role in Afghanistan Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, explained in an interview with CNBC Tuesday that …
The $2 billion crypto fraud scheme Bitconnect and its founder have been charged in the U.S. In a parallel enforcement action, a Bitconnect director and top promoter has pleaded guilty to criminal charges in the U.S. “The Bitconnect scheme is believed to be the largest cryptocurrency fraud ever charged criminally,” said the U.S. Department of …
The United States Securities and Exchange Commission announced today that it has filed an action against BitConnect, its founder, and its top US promoter. In the official filing, the SEC alleges that they defrauded retail investors out of at least $2 billion by offering fraudulent and unregistered investments. The lawsuit covers the period between 2017 …
Continue reading “Hey, hey, hey: SEC sues BitConnect over alleged $2 billion fraud”
Former US President Donald Trump publicly abolished the idea of investing in cryptocurrencies, saying that they are hurting the US currency. While calling for unconditional devotion to the US dollar, Trump told Fox Business host Stuart Varney that Bitcoin (BTC) and other cryptocurrencies could unravel as potentially disastrous. Who knows what they are “I think …
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Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report. In the past year alone, crypto addresses based in the region have sent the fraudulent schemes a staggering $815 million in crypto. Eastern Europe Leads by Volume of Illicit Crypto Transactions Among the world’s …
press release PRESS RELEASE. Vasyl Virastyuk, the strongest man on the planet in 2004 and 2007, tokenized his autograph through the innovative NFT project PHILOGRAPHY. The strongman was the first to start a partnership with PHILOGRAPHY.BIZ. He provided his original autograph to produce a limited edition of collectible NFT autographs and sell them. This is …
A Zimbabwean artist, Greatjoy Ndlovu, joined the growing list of African artists pivoting to the non-fungible tokens (NFT) market after his digital artwork was sold for 0.7 ethereum. The sale, which took place on the Async Art NFT marketplace, is Ndlovu’s first foray into the digital art space. NFTs an Opportunity for African Artists According …
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A recently published report that went viral across social media details how a former U.S. Marine, Stephen Lara, was pulled over by police and was suspected of being a drug trafficker. Police then searched Lara’s vehicle and subsequently took $87,000 in cash from a bag kept in Lara’s trunk. Lara, who also had a stack …
Decentralized oracle network Chainlink is running live on Optimistic Ethereum, as per a release shared with CryptoSlate. Most smart contract applications and protocols rely on external oracles in some capacity, particularly for price feeds in DeFi to perform on-chain actions like checking loan collateralization or settling binary options at expiry. What happens now? As part …
KILT Protocol’s crowd loan has hit the maximum cap of 220,000 KSM during Kusama‘s 6th parachain slot auction. As the cap was reached before the auction’s end on September 3rd, further voting for KILT was disabled. BREAKING:KILT’s crowdloan has hit our max cap of 220,000 KSM very quickly, and further voting for KILT is not …
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Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan. On top of this, another story explains …
The overall market capitalization of all 10,000+ digital assets has reached a September high of $2.33 trillion as it has risen over 5% on Thursday. The crypto economy hasn’t been at this U.S. dollar value since mid-May or approximately 108 days ago, as the value has increased 83.46% since the crypto economy’s low point on …
In late August, the South African Revenue Service (SARS) released new guidelines that clarify the correct treatment of taxable crypto events. The new guidance, which was published on the revenue collector’s webpage, explains how cryptocurrency-related income should be disclosed in tax returns. Distinction Between Income and Capital Gains Tax As shown on SARS’ crypto-asset tax …
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