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SEC Fines John McAfee’s Associate $375K in Penalties for ICO Promotions


According to a Securities and Exchange Commission (SEC) judgment, Jimmy Gale Watson, a former associate of the now deceased John McAfee, has been fined for being paid to promote pump and dump-fashioned initial coin offerings (ICOs). The SEC has ruled that Watson must pay roughly $375K in penalties...

NYDIG to Provide the New York Yankees With Bitcoin Payroll Services


On July 14, 2022, the bitcoin company NYDIG, a subsidiary of Stone Ridge, announced that the firm inked a multi-year deal with the Major League Baseball (MLB) team the New York Yankees. According to the partnership announcement, NYDIG will be the professional baseball team’s “official...

Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners


President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average price of electricity utilized in the extraction of digital currencies like bitcoin....

Mt. Gox Trustee Moves Closer to Pay-Out, Asks Creditors for Payment Details


The trustee holding what is left after the infamous collapse of the early crypto exchange Mt. Gox is moving closer to a pay-out, asking creditors how they would like to get paid, according to a new letter. In the letter, dated July 6, Mt. Gox’s Japanese trustee, Nobuaki Kobayashi, has asked...

Tax Agency Starts Checking Crypto Traders in Romania


Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million...

Meta Launches Meta Pay, a Metaverse Dedicated Digital Wallet


Meta, the metaverse-based platform, has announced the launch of a new wallet directed to support value interaction in the metaverse. Meta Pay, a rebrand of the former Facebook Pay service, will keep fulfilling the same functions that Facebook Pay did in the past, but will be developed as...

Crypto.com App to Accept Apple Pay for Crypto Purchases in US


  The crypto exchange and payments company Crypto.com (CRO) announced on Friday that it now accepts Apple Pay in its app for US users. According to an announcement from Crypto.com, the company’s app will from now on allow users to buy crypto seamlessly using Apple Pay, a popular mobile payment...

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