The New York Department of Environmental Conservation (DEC) could make a final decision on whether to renew an air permit held by Greenidge Generation—a controversial Bitcoin mining firm in New York—on June 30, 2022. The DEC, which oversees the amount of greenhouse gas emissions Greenidge is able to emit each year, has advised the mining firm of the “need for…
Cryptocurrency investment firm Galaxy Digital has not managed to finalize the acquisition of the digital asset custodian BitGo in the first quarter of 2022 as the firm originally planned. Galaxy Digital has made some changes to the terms of its acquisition of BitGo, CEO Mike Novogratz announced in an earnings call on Thursday. “We’ve adjusted the deal some, for progress…
ApeCoin, the governance token behind the Bored Ape Yacht Club (BAYC) NFT collection, has plummeted over 8% in the the past 24 hours. APE has fallen from roughly $14 yesterday evening down to $12.8, according to data pulled from CoinMarketCap. Airdropped to Bored Ape and Mutant Ape NFT holders on March 16, APE will serve as a governance token for…
Chinese authorities have jailed four individuals that were accused of kidnapping one person and demanding “hundreds of bitcoins” as a ransom payment. While the alleged kidnapping is reported to have occurred in the Philippines, the cooperation between the two countries eventually led to the arrest and eventual sentencing of the Chinese kidnappers. A Ransom Demand Four Chinese citizens accused of…
As the European Union lawmakers backed stricter safeguard measures for crypto transactions on Thursday, the market was quick to react, with the price of Bitcoin dropping more than 4% over the last day. The benchmark cryptocurrency briefly hit $48,000 on Monday, which, at that time, amounted to an impressive 9.3% rally from just days before. Now, Bitcoin has returned most…
Tax Day is coming, and the crypto world is paying attention. Decrypt’s Jeff Roberts, Stacy Elliott, and Adriana Hamacher discuss what people and businesses need to know about crypto and taxes with special guest Nicholas Mowbray of Baker Hostetler. Source: https://decrypt.co/videos/live-events/vXbjQvDT/decryptlive-crypto-taxes-and-you
Netflix’s latest true crime doc, Trust No One: The Hunt for the Crypto King, seeks to unravel the mystery of Gerald Cotten, the CEO of crypto exchange QuadrigaCX, who died in 2018. Cotten passed away from complications that arose from Crohn’s disease while on a honeymoon in India—apparently taking some $215 million of customer funds to the grave. Given the…
Netflix’s new crypto documentary titled “Trust No One: The Hunt for the Crypto King” was released on 30 March amid much fanfare. The documentary is based on the mysterious death of the now defunct crypto exchange QuadrigaCX founder. The founder of the crypto exchange allegedly died on a trip to India. Along with him, he took away the whereabouts of…
Authorities in Japan are planning to introduce tougher new rules for crypto operators as part of efforts to prevent Russia from using cryptocurrencies to evade sanctions. The legislative initiative comes after Tokyo asked digital asset exchanges to strengthen transactions monitoring this month. Government of Japan to Close Loopholes for Russians in Crypto Space Amid concerns that Russia and its elites…
Bitcoin (BTC) dived $3,000 into the morning of April 1 as a widely-predicted pullback seemed to accompany fresh moves by major investors. As revealed by the Whale Shadows indicator, over 11,000 BTC suddenly left its wallet on March 29, having previously sat there for most of a decade. Dormant coins echo December 2017 Whale Shadows, coined by analyst Philip Swift,…
