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TikTok Influencer Uses Bitcoin to Launder Fraudulent COVID Relief Funds - Here’s What Happened
2.6.2023
Denish Sahadevan, a 31-year-old social media influencer, has pleaded guilty to a series of criminal charges related to money laundering using cryptocurrency.
The US prosecutors have alleged that Sahadevan fraudulently obtained more than $1.2 million in government relief loans.
On May 31, the...
Crypto Hacks Plunge 70% in Q1 2023, Victims Recover Over Half of Stolen Funds, but Experts Warn of Temporary Relief
25.5.2023
On May 22, 2023, a report released by the blockchain analysis firm TRM Labs delved into nearly 40 hacks and assaults on cryptocurrency projects within the first quarter, discovering a 70% decline in incidents over the previous three months. The study says the slowdown is probably temporary, with...
Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases
4.5.2023
Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01...
In the Ukraine War, Stellar Aid Assist Is Using Crypto to Give Mass Aid
17.4.2023
The Stellar Development Foundation designed a payment app that leverages stablecoins for fast and cheap transfer and is user-friendly for trauma and disaster victims. That’s why Stellar Aid Assist is one of CoinDesk’s Projects to Watch 2023
First Mover Americas: Bitcoin Hits 9-Month High
14.3.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for March 14, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Ethereum Co-Founder Vitalik Buterin’s Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet
8.3.2023
On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the airdropped tokens was shallow, and the relatively unknown...
Alameda Research Sues Grayscale Investments Seeking to Unlock Billions in Value for Shareholders
7.3.2023
FTX Debtors and affiliate Alameda Research Ltd. have filed a lawsuit against Grayscale Investments, seeking injunctive relief to unlock $9 billion in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts. The debtors allege that “Grayscale has extracted over $1.3 billion...
Town Using $20K Of Covid Relief Cash On TMNT Manhole Covers
4.3.2023
Northampton, Massachusets officials have greenlit a plan to create and install four Teenage Mutant Ninja Turtle-themed manhole covers to celebrate the fact that the massive franchise was originally created there. And to pay for it, the town is using funds intended to help rebuild towns...
Get 72 Games For 30 Bucks In Syria-Turkey Relief Bundle
3.3.2023
Early last month, two powerful earthquakes struck Syria and Turkey, killing tens of thousands of people. Millions more have been rendered homeless in what has quickly become one of the worst natural disasters in recent memory. The stories emerging from the region are tragic and recovery efforts...
Journalist Unravels Wild Tale of Vitalik Buterin's $1 Billion Crypto Donation to Indian Covid Relief Fund
23.2.2023
Back in 2021, amid the best of the bull run and the worst of the Covid-19 Pandemic, Vitalik Buterin made a now legendary donation of $1bn in SHIB to support Covid-19 efforts in India.
Now almost two years later, an investigation by top crypto journalist Isabel Hunter (DL News) has revealed that...
Bitcoin Miners Surface for Air as Sliding Natural Gas Price Provides Cost Relief
9.2.2023
Energy producers finally have incentives to work with bitcoin miners as the price of natural gas drops from historic highs
Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey
8.2.2023
Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’s devastating earthquake. While the crypto industry pledged support, the country’s financial authorities allowed the raising of relief funds through cryptocurrency donations...
Twitch, YouTube Streamers Raise Big Funds For Syria-Turkey Earthquake Relief
7.2.2023
Twitch isn’t just a place where artificial intelligence festers and drama proliferates. It’s also a useful organizational platform for raising awareness around and funds for various global causes, which is exactly what a handful of big-name streamers, like Ben “CohhCarnage” Cassell and Hasan...
Crypto India Looks for Relief but Holds Out Little Hope in Budget Speech
30.1.2023
India is unlikely to change its restrictive crypto tax rules when Finance Minister Nirmala Sitharaman unveils the country’s new budget on Wednesday, CoinDesk has learned
Bitcoin price rally provides much needed relief for BTC miners
20.1.2023
Bitcoin’s prolonged breakout above $22,000 is easing pressure on razor thin profit margins for BTC miners
Bank of Russia Moves to Safeguard Crypto Companies Against Sanctions
16.12.2022
The Central Bank of Russia has introduced measures to protect entities working with digital assets from sanctions pressures. These businesses will be exempted from some reporting requirements as part of a regulatory relief intended to minimize the burden on financial organizations. Russia’s Central...
If You Lost Money on FTX, You May See Some Tax Relief
18.11.2022
What you need to know for your 2022 tax filing if you lost money or used the FTX crypto exchange
Save Billions by Using the Blockchain to Distribute Federal Disaster Relief Money
28.10.2022
Fed Pivot May Not Bring Immediate Relief to Bitcoin
17.10.2022
Traders planning to buy bitcoin on the first hint of the so-called Fed pivot may want to consider the tendency of stocks to drop more after the central bank kicks off the easing cycle
Bitcoin, Ethereum Technical Analysis: ETH, BTC Surge, as US Inflation Uncertainty Fades
14.10.2022
Ethereum was trading higher on Friday, as market volatility eased, following the latest U.S. inflation report. Core inflation rose 0.6%, with consumer prices up to 8.2%, higher than the expected 8.1%. Despite this, traders seem to have breathed a sigh of relief, as the uncertainty surrounding...