Most people use LinkedIn to share promotions or new career moves—Ryan Salame used it to announce his next stop: prison. On Thursday, just days before beginning a seven-and-a-half-year sentence, the former FTX co-CEO posted, “I’m happy to share that I’m starting a new position as [an] inmate at FCI Cumberland.” His dark humor didn’t go unnoticed, with LinkedIn users showering…
Month: October 2024
Crypto staking Jarretts again sue IRS over block reward taxes
A previous case brought by Josh and Jessica Jarrett was dismissed in 2022 after the IRS conceded to refund some of the tax paid. Source: https://cointelegraph.com/news/irs-sued-over-crypto-staking-tax-policy-josh-jarrett?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FBI Warns Investors of Growing Crypto Scams Amid Billion-Dollar Losses
The Federal Bureau of Investigation (FBI) has issued a warning to cryptocurrency investors, highlighting a surge in scams, particularly targeting retirees and the elderly. FBI experts explain how scammers trick victims into fake crypto investments and scare them into handing over more funds before vanishing with the money. FBI Warns of Growing Cryptocurrency Scams Amid […] Source: https://news.bitcoin.com/fbi-warns-investors-of-growing-crypto-scams-amid-billion-dollar-losses/
Crypto ETF issuer Fidelity says breach leaked data of 77K customers
Fidelity said personal information was stolen in a recent data breach but stressed that its customer accounts weren’t affected. Source: https://cointelegraph.com/news/fidelity-reveals-data-breach-77000-customers?utm_source=rss_feed&utm_medium=rss%3FREFRESH1635472014029&utm_campaign=rss_partner_inbound
Metaplanet Scoops Another $6.5 Million in Bitcoin, Doubling Down on Its October Spree
Metaplanet Inc., the Tokyo-listed firm known for its aggressive foray into Bitcoin (BTC), announced on Friday that it had acquired an additional 108.999 Bitcoin for ¥1 billion (US$6.5 million). Its latest purchase brings the company’s total Bitcoin holdings to 748.502 BTC, reinforcing its long-term bet on the leading crypto. Yet, Metaplanet’s Bitcoin acquisition strategy goes beyond simple spot purchases. The…
Crypto ETF issuer Fidelity says breach leaked data of 77K customers
Fidelity said personal information was stolen in a recent data breach but stressed that its customer accounts weren’t affected. Source: https://cointelegraph.com/news/fidelity-reveals-data-breach-77000-customers?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Zimbabwe Limits USD Outflows for Departing Residents to $2,000
The Reserve Bank of Zimbabwe (RBZ) has imposed a new limit on the amount of U.S. dollars that travelers can carry out of the country. Under the revised regulations, travelers are now limited to carrying a maximum of $2,000 in cash when departing Zimbabwe. Previously, travelers were allowed to carry up to $10,000. This measure […] Source: https://news.bitcoin.com/zimbabwe-limits-usd-outflows-for-departing-residents-to-2000/
Feds want Bitfinex hacker ‘Razzlekhan’ jailed for 18 months
Prosecutors said Bitfinex hacker Heather Morgan should receive a lenient jail sentence as she provided “substantial assistance” to the government. Source: https://cointelegraph.com/news/feds-ask-18-months-jail-bitfinex-hacker-heather-morgan-razzlekhan?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitnomial sues SEC over claim that XRP is a security
The XRP token is already regulated as a commodity and the SEC “duplicates and compounds the regulatory burden” by saying it’s a security, Bitnomial said in a lawsuit. Source: https://cointelegraph.com/news/bitnomial-sues-sec-over-xrp-security-claim?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
London Man Denies Running Illegal Cryptocurrency ATMs
A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA) authorization. The regulator stressed that there are no legal crypto ATM operators in the country. London Man Denies Running Illegal Cryptocurrency ATMs Habibur […] Source: https://news.bitcoin.com/london-man-denies-running-illegal-cryptocurrency-atms/