Tag Archives: Bitcoin News

Fyllo – a leading data-driven marketing firm – has announced it is stepping into the crypto space. Fyllo Is Looking to Move Towards Crypto Fyllo is a company that makes its services available to businesses in multiple industries. The enterprise offers software and other solutions designed to ensure companies remain fully compliant with present-day regulations, and now it appears Fyllo is broadening its horizons to do the same for future crypto-related products. Up until...

During a time when crypto prices appear to be tanking like never before, India is dealing with heavy crypto-related tax woes. India Is Hiking Its Crypto Tax Enforcement Right now, regulators in India are imposing new taxes on all kinds of crypto activity. There is a one percent tax on all crypto trades that occur within the country’s borders. In addition, there is going to be a 30 percent digital income tax put in place. Thus, it looks like anyone who engages in crypto...

Several individuals have been arrested on charges relating to three separate instances of crypto fraud, one of which may have involved the largest non-fungible token (NFT) scam to date. As much as $130 million in digital funds are likely to have been stolen. Why Is Crypto Fraud So Common? One of the individuals charged with crypto fraud includes 26-year-old Le Anh Tuan of Vietnam. She was charged in California with one count of conspiracy to commit wire fraud and...

Four men in India have been indicted for potentially running a crypto scam. The individuals are believed to have promoted a fake loan-conversion firm that potentially secured online loans and converted them into digital assets like BTC. Four Men in India Indicted on Crypto Scam Charges Police authorities are working with the National Cybercrime Reporting Portal to obtain the data they need on the men. They are Deepak Patwa (23 years of age), Dev Kishan (32 years of age),...

The social media accounts of the British Army have been hacked by someone looking to promote a cryptocurrency scam. The YouTube and Twitter accounts of the Army have been overtaken by someone who remains anonymous at the time of writing. They are simply going by the name “psssd” online. The British Army Was Being Used to Promote Crypto The scam involves a new series of non-fungible tokens (NFTs) that resemble a real line of NFTs called “The Possessed.” Experts are...

Beauty software company Meitu says it has lost a lot of money on crypto. Meitu Is Suffering Due to Crypto’s Volatility Meitu is one of a few institutional investors that chose to get involved in crypto as the space began growing to unprecedented levels. The company – much like MicroStrategy and Square – felt that the industry was strong enough and, at the time, stable enough that a few investments were warranted. The company eventually put in hundreds of millions of...

Chainalysis – a known blockchain analysis company – has partnered with Cellebrite DI, a global leader in digital intelligence solutions to assist customers and help them identify criminal crypto activity. Chainalysis Is Looking to Uncover More Crime The goal is to ensure resolutions happen and happen quickly. The crypto space has become synonymous with crime in recent years, with recent examples of illicit activity including hacks on the Harmony exchange in Northern...

The government of Singapore is saying it’s likely to implement new cryptocurrency regulations in the coming future that will potentially keep retailers safe. Singapore Is Looking Deeper at Crypto Regulation Singapore has commented that there is too much volatility and unsteadiness in the digital currency market, especially as of late. The country is looking to ensure people are aware of the risks before they step in. Singapore regulators also say they want retail players...

Classic Parade – a company that rents out luxury supercars in the United Kingdom – is allowing customers to make payments with assets like bitcoin and Ethereum. Classic Parade: Rent a Supercar for Crypto The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them...

Kathy Hochul – the current governor of New York – is facing real pressure to hurry up and sign the crypto moratorium that her state’s Assembly passed. Environmentalists Want Hochul to Move It is interesting to see such a liberal leader so hesitant to sign the moratorium. The bill calls for a two-year ban on all digital currency mining businesses thinking of setting up operations in the Empire State. Perhaps Hochul sees something wrong with the bill… Or perhaps, unlike...