Early Bitcoin investor jailed for unreported crypto gains in $4M BTC sale

December 13, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

A Texas Bitcoin investor faces two years in prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent.

Failure to comply with the new law could lead to a hefty fine of up to $2.7 million, ejection of profits and criminal investigation. 111 Total views 1 Total shares Own this piece of history Collect this article as an NFTThe United Arab Emirates (UAE) Cabinet has decided to pass a new law that governs…

Iota 2.0 ‘Nectar’ DevNet goes live to achieve full decentralization

The Nectar DevNet follows on the heels of the Chrysalis upgrade and is an expansion of the Pollen Testnet released back in June 2020. 2165 Total views 12 Total shares The roadmap to Iota 2.0 has reached another milestone as the Iota Foundation launches the Nectar DevNet.In a blog post published on Wednesday, the Iota…

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Polygon’s Discord channel hacked, team works to regain control

As the value and popularity of digital assets continue to rise, cybercriminals are incentivized to exploit any vulnerabilities they can find.

Former Celsius CEO to return to court on Nov. 13

Judge John Koeltl ordered Alex Mashinsky and prosecutors to appear in court on Nov. 13 to address the former Celsius CEO’s motion to dismiss fraud and market manipulation charges.

KuCoin hackers keep moving stolen tokens to the largest DeFi exchange

Are the KuCoin hackers DeFi noobs? 357 Total views 5 Total shares After a major hack at KuCoin cryptocurrency exchange, cybercriminals continue to move stolen crypto to decentralized exchanges, or DEXes.According to data from crypto transaction tracking service Whale Alert, KuCoin hackers keep sending thousands of dollars worth of Synthetix Network Token (SNX) to Uniswap…

ZachXBT rug pull drama reveals extent of unpaid detective work

Crypto sleuth ZachXBT faced a flurry of rug pull accusations after withdrawing liquidity from a memecoin, raising questions about the unrecognized value of his contributions.

Blockchain-Powered Job Marketplace Platform to Migrate 700K User Profiles to Eos

Blockchain-powered freelancers marketplace Moonlighting is set to migrate its 700,000 user accounts to Eos (EOS) developer Block.one’s Eos.io protocol. The development was announced in a press release shared with Cointelegraph on April 11.Moonlighting’s move comes as part of a new strategic partnership with Block.one’s venture capital fund Eos VC Fund and fintech incubator and VC…

6 Questions for Pascal Gauthier of Ledger

Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes!Each participant then gets to remove one blockchain question — and a personal one — and they can substitute in two of their own…

Buy pressure ‘in bull market territory’ — 5 things to know in Bitcoin this week

Bitcoin (BTC) begins the last week of March with a bang after returning to its yearly opening price above $46,000.In a surprisingly strong upward move for a weekend, BTC/USD began surging upwards Saturday, continuing overnight to challenge its highs from the start of 2022.Coming against an ongoing macro climate of considerable uncertainty, strength in Bitcoin…

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