Category: News

Thai police arrested seven individuals, including six officers, for allegedly staging a fake arrest and extorting 165,000 USDT from a Chinese-Vanuatu citizen. Fraudulent Legal Threats Thai police recently arrested six police officers and one civilian after a Chinese-Vanuatu citizen filed a complaint accusing them of staging a fake arrest and extorting 165,000 USDT. The Chinese […] Source: https://news.bitcoin.com/thailand-arrests-police-officers-accused-of-staging-fake-interrogation-to-extort-165000-usdt/

Web3 gaming company Immutable faces a potential lawsuit from the SEC over its IMX token sale. Regulation by Enforcement Web3 gaming company Immutable announced on Nov. 1 that it had been issued a Wells notice by the U.S. Securities and Exchange Commission (SEC). The notice alleges, but does not specify, violations of securities laws and […] Source: https://news.bitcoin.com/immutable-hit-with-wells-notice-as-sec-extends-overreach-to-web3-gaming/

The FBI’s fake cryptocurrency token unraveled a landmark market manipulation case, leading a founder to plead guilty to running automated wash trades across exchanges. In FBI-Created Token’s Trap, Crypto Mogul’s Empire Collapses The U.S. Department of Justice (DOJ) announced on Wednesday that Liu Zhou, the founder of Mytrade, a cryptocurrency financial services firm, has pled […] Source: https://news.bitcoin.com/fbi-created-token-hits-its-mark-landmark-guilty-plea-shatters-crypto-fraud-ring/

Convenience store chain Sheetz now accepts crypto payments at all its locations — over 750 stores across multiple U.S. states — allowing customers to pay with cryptocurrencies and earn rewards. Sheetz Customers Gain a New Way to Pay — And Get Rewarded American convenience store chain Sheetz has expanded its partnership with crypto payment firm […] Source: https://news.bitcoin.com/750-us-convenience-stores-embrace-crypto-sheetz-brings-digital-currency-payments-to-mainstream/

9,500 kiosks now offer cash-to-crypto access as Coinstar expands with a new digital wallet, driving affordable remittances and financial inclusion nationwide. Coinstar’s 9,500 Kiosk Rollout Redefines Financial Access With New Digital Wallet Coinstar, a leader in self-service financial kiosks, announced Tuesday the launch of CINQ by Coinstar, a digital wallet developed in partnership with crypto […] Source: https://news.bitcoin.com/9500-coinstar-kiosks-bring-crypto-closer-to-millions-of-americans/

Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service (IRS) issued a memorandum in October, addressing the tax obligations of digital asset rewards in accounts […] Source: https://news.bitcoin.com/irs-frozen-crypto-rewards-taxable-despite-account-lockdowns/

Bitcoin could skyrocket to record highs if Trump wins the election, driven by pro-crypto policies, deregulation, and surging investor demand, predicts Devere Group’s CEO. A Historic Bitcoin Rise in Sight Nigel Green, CEO of financial advisory giant Devere Group, believes bitcoin could hit unprecedented highs if former U.S. President Donald Trump wins the upcoming U.S. […] Source: https://news.bitcoin.com/unprecedented-bitcoin-rally-looms-with-crypto-market-poised-for-record-highs/