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Scammers Who Sold Coin '10x Faster Than Bitcoin' Now Jailed

24.1.2020
A South Korean court has handed the masterminds of a scamcoin scheme seven-year prison terms. Per media outlet Newsis, a court in Seoul found two men, both aged 58, guilty of fraudulently selling some USD 23 million worth of so-called “A Coin” tokens to a total of 5,696 investors. The men fronted...

Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump

10.1.2020
On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five...

IRS Now Requires Tax Filers to Disclose Crypto Activities

9.12.2019
The U.S. Internal Revenue Service (IRS) has finalized and put in use a new tax form that requires crypto owners to declare whether they received, bought, sold, exchanged, or acquired any cryptocurrencies in 2019. Tax experts are frustrated at the vagueness of the tax agency, with some questioning...

IRS to Require 150 Million Tax Filers to Disclose Crypto Dealings

12.10.2019
The U.S. Internal Revenue Service (IRS) has unveiled a new draft tax form used by some 150 million people in the country to file tax returns. It has a section that requires them to answer whether they have received, sold, sent, exchanged, or acquired any financial interest in any cryptocurrencies...

RBI Ban Stops Indian Police From Cashing Out Seized Crypto

4.10.2019
The effects of banking restrictions by the Reserve Bank of India (RBI) have reached an Indian police department. The police sold some cryptocurrencies they seized only to find out that they cannot access the Rs 8.42 crore (~$1.2 million) proceeds due to the current RBI banking ban. Also read:...

Lakeba Group Sold Aussie Apartments using Blockchain, Brick by Brick

24.9.2019
Lakeba Group, an international technology firm is steering the sale of two South Australian apartments utilizing blockchain ‘brick by brick’, well in advance before associating with the Global leading organization, IBM. Currently, two tallest apartments in Adelaide’s residential...

Bitmain Launches Next Gen Miner as Bitcoin Hashrate Touches 100 Exahash

11.9.2019
Last Thursday the China-based mining rig manufacturer Bitmain announced the launch of two new Antminers that offer hashrates between 53 to 64 terahash per second (TH/s). When the Antminer sale started on Monday, first batch devices sold extremely fast and Bitmain expects to deliver units...

Tumblr to be Sold to WordPress Owner Automattic Inc by Verizon

13.8.2019
As the internet has grown more and more influential, plenty of internet properties have been developed by a range of companies. It is important to note that beyond the big names like Facebook or Twitter, plenty of highly influential blogging websites have also been developed and one of the most...

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