Crypto news

WikiLeaks founder Julian Assange received a donation of 8.07 bitcoins from a single wallet, an amount helping him fly back to his home country—Australia. No commercial flights would take him to Australia, so the Australian government arranged a private jet with a steep cost of $520,000 that Julian was liable for. He was freed after spending five years in a UK prison, preceded by a five-year living arrangement at the Ecuadorean embassy in London. Julian pled guilty to a single charge of...

The United States government has increased the reward offered for information on OneCoin co-founder Ruja Ignatova’s whereabouts to $5 million. According to an official release from the U.S. Department of State spokesperson in conjunction with the U.S. Embassy in Bulgaria, anyone who brings information leading to the arrest or conviction of Ignatova, popularly known as Cryptoqueen, would be rewarded with $5 million. This new reward represents a significant increase from the...

The Australian Tax Office (ATO) has implemented a new tracking program that will allow it to identify cheaters every tax season starting this year. As 30 June marks the last day to file taxes in the country down under, those cashing out on their crypto and not reporting the gains will receive responses from the ATO, at best. Repeated failures to report gains will attract enforcement action. Crypto users must start reporting and paying their taxes despite the exchange they use to sell their...

Coinbase has sued the Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC) over their reluctance to release crucial information covered by the Freedom of Information Act (FOIA). The suits against the federal agencies were filed in the District Court for the District of Columbia on 27 June. The dispute arises from these agencies, mainly the SEC, going out of their way to blackball the crypto industry from the larger financial ecosystem. Fox Business...

Marathon Digital Holdings, a global crypto-focused platform, announced that its mining operations for Kaspa have yielded approximately $15 million worth of KAS since they commenced last September. The company states that the decision to mine Kaspa was part of its strategy to diversify its mining operations. Marathon Mining Kapsa In the statement released on Wednesday, Marathon Digital mentioned that since the dawn of their Kaspa mining operations, they have already mined...

[PRESS RELEASE – Dubai, UAE, June 30th, 2024] Sonic, the first atomic SVM chain enabling sovereign game economies on Solana, hit a significant milestone with its recently launched incentivized testnet “Odyssey,” reaching 100,000 connected wallets and over 17 million transactions in the buildup to a mainnet launch. Backed by Cypher Capital, a multi-strategy crypto investment firm, Sonic’s latest fundraise allows it to expand its ecosystem in the leadup to the mainnet launch...

[PRESS RELEASE – Dubai, UAE, June 30th, 2024] PinEye launches an innovative platform that combines gaming entertainment with community-driven engagement and fosters a sense of belonging. By leveraging cryptocurrency rewards, it offers its users a unique opportunity for financial empowerment. It will develop in phases to arrive at its final goal of creating the biggest community of decentralized financial interactive charity platforms to empower people in both the spiritual...

A Satoshi-era Bitcoin wallet came out of its 14-year slumber to move 50 bitcoins to Binance. Moving funds to a centralized exchange often means the one controlling the wallet is cashing out on their holdings. Knowing that, it is safe to assume the holder liquidated their bitcoins for just over $3 million, marking gigantic profits as those 50 bitcoins entered their wallet when the asset was just $0.05 a pop. The $25 they held in 2010 has now turned into $3 million. And how did they come into...

American influencer Logan Paul has filed a defamation suit against Coffeezilla, real name Stephen Findeisen, a YouTuber covering various scams on his channel. He made a series of videos in 2022 that shined light on Logan’s failed CryptoZoo project, a game that was to incorporate cryptocurrencies, NFTs, and other on-chain elements. Many of its investors had their investments crash—Logan sold the project’s NFTs to them, which would find utility in CryptoZoo. However, the game’s development was...

Cryptoslam data indicates that the initially strong NFT market is now recording a downward momentum, having declined in critical metrics, including sales volumes, unique sellers, and buyers. The ongoing rough patch in Bitcoin markets has been blamed for the decline in NFT volume. NFT Volumes Downward Momentum According to data from Cryptoslam, the NFT market experienced a significant decline in monthly volumes during Q2 compared to the first quarter of 2024. Sales volumes in...