El Salvador marks three years of Bitcoin adoption with $31M profit

FTX was one of the key exchange partners for Busan city, but its recent collapse made the administration reconsider its plans of onboarding third-party crypto exchanges. 1461 Total views 8 Total shares Own this piece of crypto history Collect this article as NFTBusan, the blockchain city of South Korea, has moved a step closer to…

The United States Internal Revenue Service (IRS) is sending letters to crypto investors to clarify crypto tax filing requirements and, in certain cases, compel them to pay back taxes. The IRS announced its letter campaign in a press release on July 26.The IRS states that it has sent letters to 10,000 crypto investors, asking some…

Supreme People’s Procuratorate said there has been a 20-fold increase in people prosecuted for money laundering since 2019. 

Academic researchers at the University of Cambridge (UoC) have launched a real-time index that tracks the total electricity consumption of the Bitcoin network.The news was revealed in an announcement posted by the university’s interdisciplinary academic research institute, the Cambridge Centre for Alternative Finance (CCAF), on July 2.The now-live Index — the Cambridge Bitcoin Electricity Consumption…

"A small but loud minority have wrongly claimed that Lisa Cook doesn’t meet the standards for this position — standards that only seem to apply for certain nominees,” said Sherrod Brown. The United States Senate will vote on President Joe Biden’s nominations to the Federal Reserve after delays instigated by Republican lawmakers.In a 50-49 vote…

The Securities Commissioner of the U.S. State of Texas has issued an Emergency Cease & Desist Order (C&D) against crypto investment firm My Crypto Mine and its principal Mark Steven Royer, published to the regulator’s website Nov. 27.The C&D claims that “sufficient evidence has been found” to substantiate that Royer, “acting on behalf of a…

Police in China have reportedly gathered evidence of people laying cables via fish ponds to steal oil well power to fuel their bitcoin (BTC) mining. The news was reported by daily Chinese tabloid The Global Times on June 13.The Global Times is published under the auspices of state-backed newspaper group The People’s Daily.The report outlines…

Galaxy Digital founder and CEO Mike Novogratz was unfazed by the firm’s $175.8 million loss as he emphasized the importance of digital asset adoption. 603 Total views 108 Total shares Mike Novogratz’s crypto investment firm Galaxy Digital Holdings has posted a second-quarter loss of $175.8 million. The figure provides a stark contrast to the firm’s…