2 pig butcher busts: Feds recover $5M, ex-Kansas bank CEO jailed
United States prosecutors announced nearly $5 million worth of Tether (USDT) has been seized from a crypto scammer, while in Kansas, a former bank CEO is going to jail for embezzlement.
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Deutsche Bank: Cryptocurrencies Won’t Replace Cash ‘Anytime Soon’
Cash is unlikely to disappear anytime soon despite declining use as a payment method and the surge of digital currencies, Germany’s largest bank says.Deutsche Bank, a German multinational investment bank that previously predicted that cryptocurrencies will replace fiat by 2030, now claims that cash “will be around for a long time” as a preferred method…
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‘Institutional demand’: Large transactions on Cardano up 50X in 2022
Large Transaction Volume on Cardano has exploded in 2022, suggesting that there is now institutional demand for the blockchain network. 306 Total views 10 Total shares Crypto intelligence firm IntoTheBlock reports that the number of large transactions on the Cardano blockchain has increased by more than 50X this year. Large Transaction Volume (LTV) refers to aggregated…
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Chilean Taxpayers Must Report Cryptocurrency Profits to Chilean IRS: Local Media
Chilean taxpayers must report their cryptocurrency profits to the Chilean Internal Revenue Service (SII), Spanish crypto media Diario Bitcoin reports on Jan. 17.The SII reportedly decreed in 2018 that digital currencies weren’t subject to Value Added Tax (VAT), but should still be considered when calculating annual income tax, as they fall into the definition of…
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Bitcoin critical indicator prints ‘bearish cross’ as it sinks below $58K
The crossing of this indicator on two different timeframes has signaled to traders that short-term performance may be weakening, sparking fear in the market.
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Chainlink’s CCIP protocol and Automation now live on Gnosis
Gnosis developers can now outsource their heavy computing to the oracle network while reducing gas fees by up to 90%, spokespeople said.
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DeFi data manipulation is too easy — and current oracle solutions aren’t helping much
It seems like every week we hear news of another DeFi project being hacked or exploited. The latest crop of victims includes such projects as Harvest Finance, Akropolis, Value DeFi, Origin and of course Compound.When exploits do occur, they usually involve manipulating the reference price like ETH/DAI on a data source, such as Curve, Kyber…
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Donald Trump picks crypto-friendly JD Vance as running mate
The Ohio senator reported holding up to $250,000 worth of Bitcoin in 2022 and has supported specific pro-crypto legislation.
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‘We are at war’ with crypto, says Turkish President Erdoğan
The Turkish government’s plans for cryptocurrencies draw a stark contrast to its central bank digital currency intentions. 9788 Total views 49 Total shares Turkey is eager to become a blockchain hub as a country with one leg in Europe and another in Asia. However, the same passion doesn’t apply to cryptocurrencies, as Turkish President Recep…