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Legalized Theft: Police Seize $87,000 From Former Marine but Don’t Charge Him With a Crime
2.9.2021
A recently published report that went viral across social media details how a former U.S. Marine, Stephen Lara, was pulled over by police and was suspected of being a drug trafficker. Police then searched Lara’s vehicle and subsequently took $87,000 in cash from a bag kept in Lara’s...
IRS Agent Poses as Bitcoin Trader Called ‘Mr. Coins,’ Biden’s IRS Wants ‘Outflow and Inflow’ Data From Banks
2.9.2021
Over the last few weeks, Americans have read about the U.S. Internal Revenue Service (IRS) upping its tax enforcement to catch cryptocurrency users who have not paid taxes. According to one report, the IRS may get access to bank inflows and outflows via Joe Biden’s American Families Plan....
Forex Report the Australian Dollar Holds Below 0.74
2.9.2021
The financial market is experiencing a mixed session for stocks, commodities, and currencies. Equities are currently in a short corrective dip with chances to make a comeback shortly. On the other hand, Shanghai and Nikkei are facing quick resistance at the current levels. Dow is treading under...
Biden Administration Pushes Global Crypto Data Sharing Rules in $3.5 Trillion Budget Bill: Report
1.9.2021
The Biden administration is reportedly pushing to include global crypto data sharing rules in the $3.5 trillion budget package. The Treasury wants crypto businesses to report information on foreign account holders “so that the U.S. can share information with global trading partners.”...
'Remarkable' on-chain metrics could spell Bitcoin, Ethereum bull market return — new report
31.8.2021
On-chain data is showing more and more similarities to mid and late 2020 — the springboard period for the Ethereum and Bitcoin bull market
Annual US Dollar Remittances to Nigeria Surge to $34 Billion but Forex Woes Persist
31.8.2021
According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion. Still, a large portion of the funds doesn’t seem to be entering domestic forex markets. Target Attained...
Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet
30.8.2021
The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions and value-based transactions will be imposed. Five-Stage Launch According to a Nairametrics...
Report: Yakuza Creator Toshihiro Nagoshi Leaving Sega To Join NetEase
30.8.2021
Veteran developer Toshihiro Nagoshi, of Sega Rally, Monkey Ball and Yakuza fame, is in the final stages of negotiating a contract to leave Sega and join Chinese company NetEase, according to a report on Bloomberg.Read more
What Do NFT Projects do With Ethereum They Get - Report
27.8.2021
The majority of ethereum (ETH) from primary non-fungible token (NFT) sales, at 52.3%, continues to circulate among non-entity wallets, while a notable amount of revenue from primary sales is reinvested into NFTs, according to a recent analysis by blockchain analytics platform Nansen.
Entity wallets...
BTC price rejected at $50K; ADA bulls take a breather: Cointelegraph’s The Market Report is now live
26.8.2021
The Market Report with Cointelegraph kicked off at 16:00 UTC on Thursday. Find out what our analysts think about the BTC bull market and where we could be headed in the short- to medium-term
CryptoPunks Whales Stick to Larva Labs, Have Highest NFT Market Cap - Report
26.8.2021
CryptoPunks, digital collectibles created by Larva Labs, have a high 'whale' concentration share, with 10 wallets owing 1,410 digital assets, but the collection’s robust market capitalization of USD 3.1bn makes it less prone to manipulation, according to a report released by data aggregator...
Crypto soars to account for 73% of trading commissions on eToro in Q2
26.8.2021
According to eToro’s Q2 report, crypto drove the 125% surge in trading volumes in Q2, with crypto representing 73% of total trading commissions
Recovering Hash Rate, Improving Metrics Indicate Market Rebound - Report
25.8.2021
The recovering hash rate indicates that some mining operations are beginning to return online in new locations outside of China, and the worst of the crackdown could be over, according to a recent analysis by crypto financial intelligence provider CoinMetrics.
With mining operations moving out...
Philippines Tax Agency Targets Axie Infinity Players — ‘It’s Taxable, Subject to Income Tax’
25.8.2021
According to a regional report, the Philippines Bureau of Internal Revenue (BIR) is focusing on the blockchain-powered game Axie Infinity over tax concerns. Finance Undersecretary Antonette Tionko explained to the press that BIR is looking into methods aimed at capturing Axie Infinity players...
DeFi Adoption Driven By Seasoned Traders, Investors From High-Income Countries - Report
25.8.2021
Decentralized finance (DeFi) adoption has been primarily driven by experienced cryptocurrency traders and investors which explains why its adoption is more visible in high-income countries which benefit from established cryptocurrency user bases, according to a recent report by blockchain analysis...
Australians lost over $25 million to bogus crypto investments: Report
24.8.2021
Bitcoin-related investment scams have already exceeded $18.5 million, an increase of 44% compared to the total loss of nearly $12.8 million in 2020
Report: Unity Employees Not Thrilled Their Work Is Supporting The Military
23.8.2021
You probably know Unity as a popular game engine, but Unity Technologies, the company behind the tool, doesn’t just make money from aspiring and established game developers. It also contracts work with various entities outside of gaming, including the government and, crucially, the Department...
Insurance on Crypto Exchanges Inches Up, KYC Still Weak - Report
20.8.2021
Cryptocurrency exchanges are showing an increase in their tendency to insure clients’ assets, both formally and in informal ways through insurance funds, a new report finds. On the other hand, know-your-customer (KYC) stringency is still weak on many exchanges, with around a third having poor...
Blockchain Gaming 'May be Key to Mass Adoption', Outpacing DeFi, NFTs - Report
20.8.2021
Play-to-earn games have become more than relevant for the blockchain industry, with the number of users increasing exponentially, according to a recent report released by the Blockchain Game Alliance (BGA) and dapp information provider DappRadar. They may be the key to reaching mass adoption, while...
Putin Tells Russian Gov’t to Create a Crypto Holdings Reporting System
19.8.2021
Vladimir Putin. Source: a video screenshot, Youtube, TASS
The Russian President Vladimir Putin has ordered his government and the Central Bank to prepare a system that will force individuals to declare their crypto holdings.
Per INC-News, Putin has told the bank chiefs, as well as the Ministry...