Posts Tagged ‘Cryptocurrency’
Here’s Where Grassroots Crypto Adoption Is Highest
BanksterCrime: by Tyler Durden Of 154 countries analyzed by blockchain data platform Chainalysis, India ranks the highest in grassroots crypto adoption by far. While countries with higher purchasing power would naturally score better when looking at transaction volumes, according to Chainalysis experts, the index measures where “average, everyday people are embracing crypto the most.” However, this…
Read MoreSEC Chief Unleashes Fury On Crypto Industry, Says It’s ‘Rife With Fraud’–US Gov. Won’t Let Crypto Success Play Out
BanksterCrime: Gary Gensler, the chairman of the US Securities and Exchange Commission, continues to express deep concerns about the cryptocurrency sector and its lack of regulatory oversight. In an interview, Gensler once again criticized cryptocurrencies’ decentralized nature, making it a headache of sorts for the SEC to enforce regulations and protect investors effectively. Claim the…
Read MoreDebunked: FBI-Owned Bitcoin Wallet Erroneously Tied to Late Russian Oligarch Prigozhin in Recent Speculation
BanksterCrime: Amid swirling speculations about the third biggest bitcoin wallet, chatter has now emerged linking the fifth largest BTC wallet to the late Yevgeny Prigozhin, former owner of the Wagner private military company (PMC). However, a straightforward blockchain explorer search clearly indicates the wallet bears a label identifying it as property of the U.S. government.…
Read MoreIRS Classifies Crypto Staking Rewards As Taxable Income Upon Receipt
BanksterCrime: The Internal Revenue Service (IRS) has recently issued a ruling stating that United States cryptocurrency investors who receive rewards from staking services are required to include the value of those rewards in their gross income. On July 31, 2023, the IRS issued Revenue Ruling 2023-14, providing clarity on the tax implications for individuals engaging…
Read MoreU.S. SEC Sues Richard Heart, Hex, and PulseChain on Unregistered Securities and Fraud Allegations Heart Raised Over $1 Billion Across Three Different Unregistered Securities Offerings, the SEC Alleged
BanksterCrime: The U.S. Securities and Exchange Commission (SEC) sued internet marketer Richard Schueler, known online as Richard Heart, and his projects Hex, PulseChain and PulseX, alleging he raised over $1 billion across three different unregistered securities offerings beginning in 2019. Heart also defrauded his investors, the SEC alleged in a lawsuit on Monday, by using…
Read MoreThe End Of Money? BlackRock CEO Claims Crypto Will Surpass Traditional Currencies Worldwide–Be Careful With BlackRock!
In an interview with CNBC, BlackRock CEO Larry Fink discussed the potential of crypto as an international asset that can transcend the value of traditional currencies. Fink noted the recent depreciation of the US dollar and the appreciation of the digital asset industry over the past five years, pointing to the broad-based and worldwide interest…
Read MoreBitcoin ETF Race Begins: Has Institutional Trust Returned To Crypto?
by Tyler Durden Wednesday, Jul 05, 2023 – 06:20 AM Authored by Prashant Jha via CoinTelegraph.com, Seven institutional firms have filed for a spot Bitcoin ETF in the U.S., including the world’s largest asset manager BlackRock, driving optimism and higher Bitcoin prices. With the Bitcoin halving event less than a year away, several financial giants…
Read MoreMoney Lost To Crypto Ponzi Schemes In 2022 Surpasses Hacks And Exploits
According to a new report by TRM, more money was lost to cryptocurrency Ponzi schemes and scams throughout 2022 than to hacks and exploits. In the past year, crypto investors were scammed through various Ponzi schemes to the tune of at least $7.8 billion. In total, the intelligence company reported about victims lost about $9.04…
Read MoreCrypto Market Rises by $30B in 48 Hours — Bitcoin Cash Leads With 88% Weekly Gain
On Sunday, June 25, the cryptocurrency market experienced a modest increase in value, climbing from $1.21 trillion two days prior to its current value of $1.24 trillion. Bitcoin has surged 15% in the past week, while ethereum has risen over 10% against the U.S. dollar. Furthermore, numerous other crypto assets have made notable gains, with…
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