The government of Kazakhstan has collected over $ 7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher Expenses, More Challenges Under New Legislation Kazakhstan’s coffers have … [Read more...]
BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million
As of May 3, 2023, the Bitcoin blockchain has witnessed a staggering 3.35 million Ordinal inscriptions, and a new experimental token standard known as “Bitcoin Request for Comment,” or BRC20, has garnered substantial attention in the past week. With 10,487 BRC20 tokens built using Ordinals and a swelling market capitalization exceeding $ 95 million, this new development has … [Read more...]
Seoul Takes Control Over $160 Million in Assets of Former Terraform Employees, Founder
Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report … [Read more...]
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance
Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $ 350,000. The exchange allegedly processed almost $ 34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation. Digital Asset Exchange Making Millions in Turnover Closed Down in Kazakhstan A platform illegally trading … [Read more...]
Bankrupt Celsius Aims to Raise $14.4 Million From Bitcoin Mining Rig Credits and Coupons
Defunct cryptocurrency lender Celsius aims to secure more than $ 14 million from credits and coupons backed by Bitmain, according to an interim CEO Christopher Ferraro in a bankruptcy court filing dated Feb. 9, 2023. Ferraro stated in the filing that the “coupons currently provide no utility to the debtors’ mining business.” Celsius Interim CEO Outlines Plan to Raise Funds … [Read more...]
Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital
On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $ 445.8 million from Voyager and HTC. Legal Battle Erupts Over Crypto Asset … [Read more...]
Tesla’s Q4 Balance Sheet Shows Bitcoin Holdings Worth $184 Million
Tesla’s latest balance sheet shows the company’s bitcoin holdings worth $ 184 million. Tesla did not sell any digital assets in the fourth quarter of 2022 despite the crypto winter and contagion in the crypto ecosystem. Tesla’s Digital Assets Valued at $ 184 Million Tesla Inc. (Nasdaq: TSLA) released its earnings results for Q4 2022 on Wednesday. The company’s balance sheet … [Read more...]
Binance Processed $346 Million for Crypto Exchange Bitzlato, Report Claims
Cryptocurrency exchange Binance has reportedly processed nearly $ 346 million in crypto transactions for Bitzlato, the coin trading platform that was shut down in an international law enforcement operation. U.S. authorities say the world’s largest trading platform for digital assets was among Russian-owned Bitzlato’s major counterparties. Blockchain Data Indicates Binance … [Read more...]
Manhattan District Attorney Freezes $1.3 Million in Crypto — Seeks to Return Funds to Fraud Victims
Manhattan District Attorney (DA)’s Office has frozen more than $ 1.3 million in cryptocurrency “during fraud investigations conducted over the past ten months.” The authority said: “We are returning that money to the victims of these schemes — while raising awareness to prevent future fraud.” $ 1.3 Million in Cryptocurrency Frozen Manhattan District Attorney (DA) Alvin Bragg … [Read more...]
Egyptian Fintech Raises $31 Million in Series B Funding Round
Moneyfellows, an Egyptian fintech startup specializing in digitizing money circles, recently announced the close of its Series B funding round that raised $ 31 million. The funds will be used to finance Moneyfellows’ expansion into other markets as well as accelerate the fintech’s growth. Diversifying Moneyfellows’ Portfolio Egyptian fintech startup Moneyfellows recently … [Read more...]
Mark Cuban-Backed Multichain Wallet Launches $3 Million Aptos Ecosystem Fund to Onboard New Users
Blocto, a multichain wallet has announced the launch of a $ 3 million Aptos Ecosystem Fund whose objective is to help onboard new users to Aptos. Besides financially supporting projects, the Aptos fund will be used to back standout projects when they get to the “user acquisition phase.” Access to Aptos’ in-House and External Investor Base Blocto, a multichain wallet and crypto … [Read more...]
Solana-Based Lending App Solend Gets Hacked for $1.26 Million in ‘Oracle Attack’
The Solana-centric lending application Solend lost $ 1.26 million in an oracle attack, according to Solend’s official Twitter account on Wednesday. A number of affected pools were disabled, and Solend says it has given crypto exchanges the exploiter’s address. Solana Defi Application Solend Loses $ 1.26 Million in Oracle Exploit The crypto community has seen two significant … [Read more...]
Report: US Department of Justice Files $60 Million Lawsuit Against Bitcoin Mixer Operator
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. Violation of the Bank Secrecy Act The United States Department of Justice (DOJ) … [Read more...]
Turkey Seizes $40 Million in Crypto, Detains 46 Suspects in Criminal Investigation: Report
Turkish authorities have reportedly seized $ 40 million in cryptocurrency and detained 46 people in an illegal betting investigation. “This operation came out of Turkish Cyprus and is linked to the murder of Halil Falyalı,” Turkish Minister of Interior Süleyman Soylu said. Turkey Confiscates $ 40 Million in Cryptocurrency The Office of the Ankara Chief Public Prosecutor’s … [Read more...]
The Girles Token Presale Raised Over $1 Million – What to Expect?
sponsored Girles Token is a decentralized NFT GameFi token created on the Ethereum platform that also has a Proof-of-Staking protocol. The Girles Token is the main product in the Girles Metaverse, which has applications in over 15 different products. Girles Token was tested before being released on the main Ethereum network, and also after it was audited by Cyberscope. Girles … [Read more...]
