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Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet


Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the initially committed $1 million, with two-thirds of...

Report: Kenya to Start Levying Tax on Revenue Earned by Crypto Exchanges


According to regulations published by the country’s treasury secretary, global crypto exchanges used by Kenya’s estimated 4 million users will start paying a 1.5% tax on revenues earned. Tax-Avoiding Digital Asset Platforms The Kenyan Treasury has said it will start levying taxes...

Bitcoin eyes for a brighter future amid $310 million liquidation loss


The crypto market just witnessed a loss worth $310 million in liquidation. Despite that amount going down the drain, the community is riding the bull for the members to know that Bitcoin is not going anywhere. It has affected BTC for sure; however, the digital asset has seen worse than that....

Report: Hackers Breach AT&T Email Accounts, Steal Victims’ Crypto Funds


Cybercriminals have reportedly breached AT&T email accounts and are using the access gained to steal crypto assets from their victims. While a spokesperson for AT&T has denied claims that hackers have gained access to the company’s internal systems, a report suggests that as much...

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