Tag Archives: News

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Why have I been blocked? This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

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 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...

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...

CleanSpark, one of the biggest Bitcoin miners in the US, has acquired GRIID Infrastructure, another Bitcoin miner, through a $155 million transaction. The merger comes as CleanSpark expands its foothold over the Bitcoin mining space by acquiring data centers and other miners. This way, the firm gets to channel more power to increase the number of bitcoins it mines and drive up profits by providing processing power to meet the computational requirements of AI companies. It recently acquired...

Coinbase and Stripe will collaborate on bringing on- and off-ramps on both platforms for users wanting to access stablecoins easily. The ramps will let them convert fiat to USDC and vice versa for national currencies from 150 nations. The deal will integrate USDC settlements made from on Base, a quick and cost-effective layer 2 rollup for Ethereum developed by Coinbase. In April, co-founder and President of Stripe, John Collison, announced during the company’s Sessions event that it would...

Thursday night’s political stare-down featured US President Joe Biden and presidential nominee Trump going head-to-head in the first presidential debate on the road to November’s elections. Both participants have their parties backing them as the nominees for the presidential elections. Everyone was glued to the spectacle, from the US and elsewhere, including many from the crypto industry. However, crypto enthusiasts were left disappointed because nothing about the industry was mentioned....