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African Migrants Are Turning to Cryptocurrency Platforms for ‘Low-Fee Remittances’
31.3.2021
As central banks on the African continent fight to keep cryptocurrencies from going mainstream, many more migrant workers are increasingly turning to money-sending platforms that use cryptocurrencies when moving funds across borders. More Than Just an Investment Thus in addition to becoming...
Man Charged, Banned From FIFA After Sending Racist DMs To Actual, Legendary Player
4.3.2021
Last May Irish teenager Patrick O’Brien was playing a game of FIFA, and one of the players he was controlling was Arsenal and England legend Ian Wright. O’Brien lost that match, and so decided to jump into Wright’s DMs and send a succession of disgustingly racist attacks.Read more
Another Man Arrested For Sending Death Threats To Square Enix
26.2.2021
A resident of Saitama, Japan is in police custody after sending death threats to Square Enix. A suspect named Toshiyuki Kan sent thirty-seven of them to the game maker last November.Read more
Israeli Tax Authorities Notify Cryptocurrency Owners to Disclose Their Holdings for Taxation Purposes
26.12.2020
The revenue collector, the Israel Tax Authority (ITA) has reportedly sent notifications to dozens of Israelis who own digital currencies asking them to fully disclose their assets and be taxed accordingly. In addition to sending letters to local citizens, the tax body has also sent inquiries...
An Unknown User Incurs More Than $80,000 in Transaction Fees When Sending BTC Worth $1
23.12.2020
An unknown person incurred a transaction fee of more than $80,000 or (3.49079570 bitcoins) when transferring bitcoin worth $1.16. According to Blockchain.com, the December 19 transaction, which is included in block 662052, had an input of 3.49084570 bitcoin and an output of 0.00005000 bitcoin....
I'll Never Get Tired Of Sending Enemies Flying In Immortals
6.12.2020
Immortal Fenyx Rising, Ubisoft’s cartoonish take on an open-world game, has fine combat. It’s not amazing, being lifted straight from Assassin’s Creed Odyessy, but it works and it feels nice. However, killing enemies in Immortals is amazing because they don’t just collapse and die, but instead...
Former Microsoft Engineer Says Nigerian Expatriates Are Using Bitcoin to Circumvent Country’s Overvalued Exchange Rate
26.11.2020
A former Microsoft software engineer and co-founder of Buycoins Africa Tomiwa Lasebikan says some Nigerians expatriates are now using bitcoin to circumvent the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria (CBN)’s fixed...
‘Bypass’ Attack in Coldcard Bitcoin Wallet Could Trick Users Into Sending Incorrect Funds
25.11.2020
Bitcoin hardware wallet Coldcard is fixing a flaw that could trick users into sending bitcoin on mainnet when they meant to use its testnet
Ethereum User Spends $9,500 in Fees Sending Just $120 in an Error to Forget
8.11.2020
An Ethereum user mistakenly paid $9,500 in transaction fees to send just $120. The user, identified by their Reddit moniker ‘Proudbitcoiner’, says the transaction “destroyed my life” and is now desperately asking miners to return the money. According to a Nov. 4 post...
8,000 Bitcoin Scam Victims Get Refunds From US Regulator
7.11.2020
The U.S. Federal Trade Commission is refunding about 8,000 victims who lost money from investing in two bitcoin scams. The fraudulent schemes promised that investors could turn their cryptocurrency payments of about $100 into $80,000 in monthly income. Bitcoin Pyramid Schemes’ Victims...
FTC Sending More Than $470K to People Duped by Bitcoin Funding Team, My7Network Scams
4.11.2020
Most of the the participants in the schemes failed to recoup their initial investments, the FTC said
Ethereum Transaction Fees Fall 82%, as Defi Hype Eases
6.10.2020
The average cost of sending a transaction over the Ethereum blockchain has fallen by 82% from a September 2 peak of $11.61, down to $2.09 as of October 4. The decline may be the result of a slow down in the hype around decentralized finance (defi) protocols. According to data from Glassnode...
Binance's New Feature Stops Users Mistakenly Sending Money to Contracts
11.9.2020
Major crypto exchange Binance has launched a new feature meant to prevent people from losing their funds by sending cryptoassets to smart contract addresses.
"The feature is basically a final check on the outgoing address for user token withdrawals. If the user has entered a supported token’s...
Targeted by IRS? What Cryptocurrency Owners Should Know
9.9.2020
The U.S. Internal Revenue Service (IRS) has started sending out new letters to cryptocurrency owners suspected of owing crypto-related taxes. A tax expert has shared with news.Bitcoin.com what crypto owners should know, including how to handle tax letters from the IRS and avoid an audit. How...
IRS Sends Fresh Round of Tax Warning Letters to Cryptocurrency Owners
26.8.2020
The U.S. Internal Revenue Service (IRS) has begun sending new warning letters to cryptocurrency owners. This followed the tax agency prioritizing cryptocurrency on its tax forms. “The IRS is getting very serious about cryptocurrency tax compliance,” a tax expert told news.Bitcoin.com....
Bitcoin Transaction Fees Soar 550% in a Month, BCH, Dash Transactions Much Cheaper
11.8.2020
The cost of sending a transaction over the Bitcoin network rose sharply over the past month, as the price of the top cryptocurrency climbed higher. According to latest data from Bitinfocharts, the average bitcoin (BTC) transaction fee soared by as much as 547% in the month to August 6, rising from...
Binance Now Sending Out Its Debit Cards
25.7.2020
Binance’s move into the payment card space takes flight as cards go out for delivery
Advocacy Group Claims IRS-Issued Crypto-Warning Letters Violated Taxpayer’s Rights
14.7.2020
Close to a year ago last July, the U.S. Internal Revenue Service (IRS) revealed it would be sending ‘soft letters’ to suspected American cryptocurrency owners advising them to pay their taxes. Now according to the Taxpayer Advocate Service, a subsidiary of the IRS, the soft letters...
Gifts and Remittances: Bitcoin.com’s New Tools Allow People to Send BCH via Email
30.6.2020
This month Bitcoin.com launched two services that help facilitate bitcoin cash adoption and crypto remittance via email. In a recent video on June 5, Bitcoin.com’s Roger Ver showcased gifts.bitcoin.com, a new feature that allows individuals to send BCH gift cards via email. Additionally...
Miners Are Sending Bitcoins to Exchanges Again – and That May Be Bearish
24.6.2020
A sudden spike in miner outflows of bitcoin to exchanges makes the cryptocurrency vulnerable to a price drop, according one analyst