Safenet aims to be a layer connecting existing blockchains and allow users to interact with any chain through a single account. Source: https://cointelegraph.com/news/safe-safenet-payments-network-aims-for-visanet-functions-blockchain?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: December 2024
Hive to Expand Bitcoin Mining Power With $60M Purchase
The investment is expected to help the firm top $300 million in revenue and produce 2% of the Bitcoin network’s total hashrate. Competition Among Miners Intensifies as Bitcoin Inches Towards $100K Canadian-based Bitcoin mining firm Hive Digital Technologies (Nasdaq: HIVE) has purchased 13,480 mining units from Chinese-based manufacturer Bitmain with an option to purchase 13,480 […] Source: https://news.bitcoin.com/hive-to-expand-bitcoin-mining-power-with-60m-purchase/
Bitcoin miner Hut 8 argues to toss ‘short and distort’ shareholder suit
Hut 8 has argued a lawsuit from its shareholders arose “from a short seller’s attempt to obtain a monetary gain on its short position” in the crypto miner. Source: https://cointelegraph.com/news/bitcoin-miner-hut-8-files-motion-to-dismiss-shareholder-lawsuit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto Scam Collapses: Icomtech Founders Sentenced for Ponzi Scheme Fraud
David Brend and Gustavo Rodriguez, key figures in the cryptocurrency Ponzi scheme Icomtech, have been sentenced to 10 and eight years in prison, respectively, for defrauding thousands of investors. Icomtech falsely marketed itself as a crypto trading and mining company, promising guaranteed daily returns. Victims, lured by flashy events and promises of wealth, invested through […] Source: https://news.bitcoin.com/crypto-scam-collapses-icomtech-founders-sentenced-for-ponzi-scheme-fraud/
Bitcoin whales employ ‘wait-and-see strategy’ as price hovers at $96K
A crypto analyst highlighted significant Bitcoin inflows to crypto exchanges from whales, who are still holding back on making any major moves. Source: https://cointelegraph.com/news/bitcoin-whales-sidelined-btc-price-96k-cryptoquant?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Enron relaunch headed by pranksters hints at offering crypto token
Enron is back from the dead 23 years after its massive fraud put into bankruptcy, with the pranksters who have seemingly taken over the brand hinting at launching a token. Source: https://cointelegraph.com/news/enron-relaunched-by-pranksters-hints-at-crypto-token?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Tron Crypto Hits New High Above $0.43 Amid Broader Altcoin Surge
TRON’s TRX token has reached its highest record price, beating out a seven-year high amid an explosive rally that saw it reach just above $0.43. Tron swelled by 81% on Tuesday, pushing its market capitalization beyond $35.1 billion, CoinGecko data shows. It coincides with other cryptos, including XRP’s and Hedera’s (HBAR) push this week as investors speculate on shifting regulatory…
Coinbase Integrates Apple Pay for Seamless Fiat to Crypto Transactions
Coinbase’s integration of Apple Pay marks another significant step forward in the global adoption of cryptocurrency. New Payment Feature for Coinbase Users Coinbase has announced the addition of a new feature to its Onramp app services with the integration of Apple Pay for fiat-to-crypto transactions. This development is poised to make purchasing cryptocurrencies even more […] Source: https://news.bitcoin.com/coinbase-integrates-apple-pay-for-seamless-fiat-to-crypto-transactions/
Roger Ver Files Motion to Dismiss Justice Department Indictment
Attorneys for Roger Ver have filed a motion to dismiss the criminal indictment against the early Bitcoin adopter on Tuesday for tax evasion and allegedly failing to pay $50 million in unpaid taxes. Known in the crypto space as “Bitcoin Jesus” for his evangelism of Bitcoin, Ver was charged in April by the U.S. Department of Justice with tax evasion…
Roger Ver moves to dismiss US tax evasion charges as ‘unconstitutional’
Roger Ver argued that the IRS’ exit tax for renounced US citizens with over $2 million in assets is unconstitutional and “impermissibly vague.” Source: https://cointelegraph.com/news/roger-ver-files-dismiss-us-tax-charges-unconstitutional?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound