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Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation
12.3.2023
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced...
ApeCoin leads in NFT and Metaverse market share, but are APE’s hefty staking rewards sustainable?
13.2.2023
The ApeCoin ecosystem is progressing with games and brand-building, but the 100% APY reward for APE staking could eventually do more damage than good
Poland’s Consumer Protection Agency Opens Case Against Cryptocurrency Exchange
15.1.2023
The body ensuring that consumer rights are respected in Poland has initiated proceedings against a crypto exchange falsely claiming to be Polish. The trading platform also misled customers that it was operating with the regulatory approval of the financial authorities in the country. Belize-based...
Belarusian Fined $1 Million for Illegal Crypto Trading
13.1.2023
A Belarusian citizen will have to pay a hefty fine for illegally organizing the exchange of cryptocurrencies online. Law enforcement authorities in the country, where certain crypto activities are legal, do not plan to impose other penalties besides the administrative measure. Cryptocurrency Trader...
Ethereum Merge and the hefty tax bill you could be in for
1.9.2022
The Ethereum Merge may constitute a taxable event if it results in a chain-splitting hard fork, tax experts warn
Crypto Miners in Russia’s Irkutsk Region Fined Almost $1.7 Million This Year
25.8.2022
Authorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies. Power utilities have also filed hundreds of lawsuits, a report reveals, quoting prosecutors. Irkutsk Crypto Miners Pay...
Indian crypto trading volumes slump following hefty taxes
5.7.2022
Indian crypto traders may be giving up since they must now factor in a 30% income tax and a 1% tax per transaction on crypto trades, forcing exchange volume to plummet
3 NFT Coins That Will Make You a Hefty Profit in the Upcoming Months!
28.6.2022
It’s no secret that the cryptocurrency market is a wondrous place with many opportunities to make a profit. However, it can be hard to know which coins to invest in. In this blog post, we’ll discuss three NFT coins that are well worth your time – Mehracki (MKI), Flow (FLOW),...
Are You Losing Money in the Crypto Market? A 20-Year Trader Expresses His Thoughts on Profitability
19.4.2022
With the impact of the recent international events, what has been continuously staged on leading stock platforms is the notable “stock market crash’’. It is believed that there may be a small bubble behind an upcoming boom. The stock market has been gloomy, which has made several investors turn...
Multichain hacker returns 322 ETH, keeps hefty finders fee
21.1.2022
Owing to a security vulnerability in six tokens, Multichain users lost more than $3M over the week. A white hat hacker returned 322 ETH, but in excess of 527 ETH is still exploited
Early Ethereum Name Service (ENS) adopters rewarded with a hefty five-figure airdrop
10.11.2021
Early adopters enjoy another five-figure payday as the Ethereum Name Service protocol airdrops its new governance token to domain holders
Traders seek hefty gains from altcoins while Bitcoin price consolidates
16.8.2021
SOL, PRE and AR rallied more than 30% while Bitcoin price continues to consolidate around $46,000
Man Sentenced to 8 Years in Prison for Stealing Nearly $7 Million of Crypto in Israel
11.8.2021
Afek Zard, a resident of Israel, has been sentenced to eight years in prison for embezzling a large sum of cryptocurrency that belonged to a friend of his. The man, who refused to cooperate with the investigation, will have to pay a hefty fine as well. Israeli Resident Sentenced for Cryptocurrency...
Crypto Miners Using Household Electricity Face Fines as Consumption Spikes in Iran
17.5.2021
Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. Crypto Miners...
A Look at Facebook’s Diem Wallet- Token Sale Accepts 3 Cryptos, Strict KYC, Hefty Data Collection
29.1.2021
During the last two years, there’s been a lot of interest in Facebook’s cryptocurrency diem (formally libra) and rumors of a nearing launch date went viral last November. Now the social media giant is advertising the crypto asset’s pre-sale heavily on the platform, as people...
US Court Sentences ICO Fraudster to 6 Months in Jail: Orders the Accused to Pay Over $4 Million in Restitution
29.1.2021
A U.S. court has sentenced Jerry Ji Guo, a resident of San Francisco, to an effective six months in prison for his role in a fraudulent initial coin offering (ICO). In addition to the prison term, the court ordered Guo to pay over $4 million in restitution. Further, Guo will also cooperate with...
Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on Bitcoin
24.9.2020
The draft bill would define bitcoin and other cryptos as "currency" instead of an "asset" for tax purposes
Stellar (XLM) Attempts to Halt the Hefty Price Drop
9.3.2020
Stellar has recently started a rebound today; the coin is resonating with extremely bearish crypto market XLM coin’s bearish trendline recently broke; weakly perceives the resistance levels Technicals are giving mixed signals while Bollinger bands seem shrunken showing no signs of volatility...
Getting In and Out of the Cryptocurrency Economy Can Be Costly
24.12.2019
Since bitcoin and digital currencies have become popular, fiat on and off-ramps have sprung up that allow investors to enter and exit the cryptoconomy. However, many of the entryways into cryptocurrency markets have a hefty fee between 1-4% of the overall purchase and in order to obtain fiat...
Ripple Price Prediction: XRP Trades Sluggishly After a Month-Long Hefty Decline
13.12.2019
The 1-day price movement of Ripple looks volatile, and still, the coin is not ready to step out of its range-bound mode. The leading altcoin is trading between the narrow price range of $0.21 to $0.23 since November 25, and it needs a strong push. Meanwhile, the 1-month chart of XRP coin shows that...