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The World’s Weakest Currency, Kiyosaki Says Greenback Is ‘Toast,’ IRS Crypto Tax Update and More — Bitcoin.com News Week in Review
30.10.2022
In this week’s hottest stories from Bitcoin.com News: the Ghanaian cedi’s recent slide to a new low against the USD, Rich Dad Poor Dad author Robert Kiyosaki weighs in on Saudi Arabia’s move to join the BRICS nations, the United States Internal Revenue Service updates tax filing...
A Committee of Celsius Creditors Objects to Celsius Selling Its Stablecoin Cache
29.10.2022
A committee of unsecured creditors stemming from the Celsius bankruptcy case has filed a motion with the court to stop the now-defunct crypto lender from selling the company’s stablecoin holdings. The written protest by the group of creditors against the sale follows objections from a slew...
Crypto Lobbyist Group Blockchain Association Asks Court for Permission to Support Ripple Against SEC Case
29.10.2022
Cryptocurrency Scams: How to Spot & Protect Yourself Against Crypto Fraud
28.10.2022
Cryptocurrency is a new, exciting way to interact with money. However, scammers are looking to take advantage of people who don't know how to navigate this new and often complex world. Cryptocurrency scams have become the new fraud of choice for cybercriminals looking to make a quick buck.
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257 Economists Say Global Recession Is Near, US Trade Restrictions Against China Could Stir Taiwan Invasion
27.10.2022
According to 257 economists polled by Reuters, the global economy is approaching a recession, but 70% of the survey’s participants believe the chances of a sharp rise in unemployment levels will be low. The poll follows the Biden administration and the U.S. Commerce Department issuing a package...
Does the IMF have a vendetta against cryptocurrencies?
27.10.2022
Is the multilateral lending institution throttling useful DLT experiments in the developing world, or is it saving crypto from itself?
Ethereum is ahead of Bitcoin this rally — But ETH price still risks 20% crash against BTC
26.10.2022
Ether has entered a bearish range that preceded a 35% price crash in the April–May 2022 session
After Mango Market exploit, Compound pauses four tokens to protect against price manipulation
25.10.2022
Compound users can no longer use yearn finance (YFI), 0x (ZRX), basic attention token (BAT) or maker (MKR) tokens as collateral for loans
Yuan Taps New Low Versus US Dollar as Investors React to Endorsement of Chinese President’s Third-Term Bid
25.10.2022
The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the country for the third time. Concerns over...
Compound Pauses YFI, ZRX, BAT and MKR Supply to Protect Against Potential Exploits
25.10.2022
Attackers have recently been exploiting DeFi protocols by manipulating thinly-traded tokens and eventually draining liquidity
Report: US Department of Justice Files $60 Million Lawsuit Against Bitcoin Mixer Operator
25.10.2022
The United States Department of Justice recently filed a lawsuit to recover $60 million that was imposed on Larry Harmon, the operator of a bitcoin mixing service targeted by U.S. law enforcement in 2020. According to U.S. authorities, Harmon had operated an unlicensed money-transmitting business....
Russian Parliament Rejects Mining Bill Allowing Crypto Payments, Expects New Draft
24.10.2022
The lower house of Russian parliament, the State Duma, has voted against a piece of legislation designed to regulate cryptocurrency mining. While lawmakers turned down that proposal, which also aimed to legalize crypto payments in the country, another draft law on mining, which permits cross-border...
Proof-of-Stake L1 Blockchain Token Aptos Climbs Close to 20% Higher in 24 Hours
22.10.2022
Five days ago, the Aptos blockchain went live after the project received an influx of capital from venture capital (VC) firms and crypto exchanges like a16z, Binance, and FTX. During the past 24 hours, aptos (APT) is up more than 19% against the U.S. dollar and up 11.1% against bitcoin’s...
Craig Wright Defeated in Lawsuit Against Hodlonaut
21.10.2022
Australian computer scientist and self-proclaimed Satoshi Nakamoto, Craig Wright, has been defeated in a defamation case in Norway against the popular Bitcoin (BTC) influencer Hodlonaut.
The win for Hodlonaut came after a seven-day trial in Oslo, Norway in September. The trial came about after...
Hodlonaut Wins Norwegian Lawsuit Against Self-Styled 'Satoshi' Craig Wright
20.10.2022
Magnus Granath, known on Twitter as "Hodlonaut," won a defamation case against Craig Wright on Thursday, a Norwegian judge ruled
Coinbase supports Bitcoin in its legal battle against the SEC
20.10.2022
Grayscale and the Securities & Exchange Commission (SEC) are now in a legal battle after the latter refused to approve the application for the Bitcoin ETF. According to claims by Grayscale, the lawsuit came to light after the SEC failed to apply consistent treatment to similar investment...
Interpol Team Based in Singapore to Help Countries Combat Crypto Crime
18.10.2022
A special team established by Interpol in Singapore will assist governments around the world in the fight against crimes involving virtual assets, the international police body announced ahead of its general assembly in India. Cryptocurrency and cybercrime will be the main focus of the forum....
Texas Securities Regulators and Attorney General Object to FTX Purchasing Voyager Digital
17.10.2022
Regulators from the state of Texas and the state’s attorney general are objecting to FTX purchasing Voyager Digital, as the state’s securities commissioner needs to “determine whether FTX US is complying with the law.” Texas State Securities Board, Department of Banking, and Attorney General File...
Report: Ghanaian Currency Slips to Another Low Versus the US Dollar
17.10.2022
After it slipped to a rate of about 12:1, the Ghanaian cedi became the latest African currency to touch a new low versus the U.S. dollar, albeit on the unofficial foreign exchange market. Having started 2022 trading around 6.25 per dollar, the cedi has now lost over 90% against the appreciating...
Elon Musk Says Spacex Will Keep Funding Ukraine for Free Even Though Starlink Is Losing Money — $80M Spent so Far
17.10.2022
Spacex CEO Elon Musk says that his company will “keep funding” the government of Ukraine for free even though Starlink is losing money, noting that it has cost Spacex $80 million so far to provide internet terminals and services to Ukraine. “We’ve also had to defend against...