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The outcome of SBF's prosecution could determine how the IRS treats your FTX losses
16.12.2022
Will your losses to FTX be classified as capital losses or as a “theft loss” that involved a Ponzi scheme? Either way, you’ll probably win
Stellar partners with UNHCR to give Ukrainian refugees cash via USDC
16.12.2022
One new project attempts to help bankless Ukrainian refugees, while another hopes to streamline international Red Cross projects
French Police Catch ‘Crypto Scammers’ Who Lured Victims with ‘Suitcases’ of ‘Cash’
12.12.2022
Source: Maksym Dykha/Adobe
French prosecutors say they have shut down two crypto scammers who used “suitcases” full of counterfeit cash to trick crypto investors into handing over tens of thousands of dollars worth of bitcoin (BTC), USD coin (USDC), and ethereum (ETH).
France Blue reported that...
Report: Chipper Cash Valuation Dropped to $1.25 Billion After it Secured Additional Funding From FTX
10.12.2022
After Chipper Cash ended 2021 as one of Africa’s most valued fintechs, the FTX-backed startup’s valuation dropped from $2 billion to $1.25 billion after it reportedly received a $35 million simple agreement for future equity (SAFE) grant from the now-collapsed crypto exchange FTX....
European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized
10.12.2022
The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and to exert stronger oversight on crypto transactions of over...
FalconX says exposure to FTX represented 18% of its 'unencumbered cash equivalents'
9.12.2022
According to the crypto brokerage firm, the 18% ratio fell well within its “counterparty exposure limits.”
Nigeria Announces New Cash Withdrawal Restrictions — ATMs Limited to Less Than $44 per Day
8.12.2022
In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under $222 per week while corporates can only withdraw cash not exceeding $1,111 during the same period. The new limits, which are in line with...
Crypto lender Genesis has no solution yet for withdrawal halts
8.12.2022
Genesis said it will take additional weeks to carve out a recovery path for its lending business
Strike Launches Bitcoin Lightning Network-Enabled Money Transfers to Africa
7.12.2022
United States-based users of Strike, a digital payments platform built on Bitcoin’s Lightning Network, can now transfer funds instantly and at a low cost to Kenya, Ghana, and Nigeria via the recently added new feature known as “Send Globally.” The new feature instantly converts...
Into the storm: The murky world of cryptocurrency mixers
7.12.2022
A handful of obfuscation protocols are competing for the user base of OFAC-sanctioned Tornado Cash
Nigeria bans ATM cash withdrawals over $225 a week to force use of CBDC
7.12.2022
The limits set by the Central Bank of Nigeria are part of a broader push to encourage digital financial transactions
Twitch Streamer Amouranth Receives $70,000 In Cash, Private Security From Anonymous Donor
6.12.2022
29-year-old Kaitlyn Siragusa, who variety streams on Twitch as Amouranth, has not had an easy year. She pushed her offline extracurriculars, buying an inflatable pool company and building her investments, but her public life got overshadowed by her brutally candid disclosure that she was in...
Treasury officials would have done more for national security by leaving Tornado Cash alone
5.12.2022
Tornado Cash contributes to our national security interests more than it undermines them
‘I Wanted to Punch Kanye’ — Free Speech Waffler Elon Musk’s Nonsensical Take on Bitcoin, CBDCs, and Censorship
5.12.2022
“Vox Populi, Vox Dei, man.” So says self-proclaimed Chief Twit Elon Musk from a private jet flying high above the world during a Twitter Spaces appearance on Sunday, Dec. 4 (JST). It does sound nice to say, but the voice of the mob should never be the voice of “God.” The reasons...
Bitcoin’s Total Hashrate Slides Lower in December as BTC Miners Struggle for Profits
2.12.2022
While bitcoin prices have been lower than the estimated cost of bitcoin production, the network’s hashrate has dropped a great deal since mid-November. Presently, the total hashrate dedicated to the Bitcoin network is coasting along at 236 exahash per second (EH/s) after dropping below...
Bitcoin Cash (BCH) reaches close to 100 EMA curves!
1.12.2022
Bitcoin Cash is one of the most trending forks of Bitcoin that was created as an upgrade of the blockchain to cater to the new market needs. Bitcoin, in the initial days, was quite minor security and features. Since the Bitcoin blockchain was a proof of work since the beginning, the need to create...
Coinbase Wallet to End Support for Bitcoin Cash, Ethereum Classic, Ripple's XRP and Stellar's XLM
29.11.2022
Coinbase will end support for the tokens associated with Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP) and Stellar (XLM) from its wallet service, according to an update on the company's website
Coinbase announces its wallet will stop supporting BCH, ETC, XLM and XRP, citing 'low usage'
29.11.2022
The crypto exchange plans to stop support for the four tokens on Dec. 5, but added any remaining funds would still be tied to users' existing addresses
Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction
29.11.2022
Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty retarget could drop anywhere between 6.13% and 10% lower. Presently, the difficulty change looks...
The reason bots dominate crypto gaming? Cash-grubbing developers incentivize them
27.11.2022
Users who have the most ability to profit from the crass profiteering mechanisms are those who use automated systems to “play” the games