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Jane Castor, the mayor of Tampa Bay, Florida, has announced that she will begin accepting her paycheck in Bitcoin (BTC), according to multiple sources who attended Florida’s Bitcoin & Blockchain Summit. Castor made the announcement Friday morning on day two of the Summit, which is being held at Amalie Arena in downtown Tampa. According to people who attended the event, crypto lending platform Celsius Network will facilitate the mayor’s BTC payments. BREAKING NEWS: #Tampa Mayor @JaneCastor just announced she’s accepting @FrancisSuarez challenge of taking her pay in #Bitcoin with the…
The Federal Bureau of Investigation (FBI) is warning there has been a rise in fraudulent schemes using cryptocurrency automated teller machines (ATM) and quick response (QR) codes to facilitate payments. The FBI said it has seen an increase in scammers directing victims to use physical crypto ATMs and QR codes to complete payment transactions. Scammers will request payment from the victim and then direct the victim to withdraw money from the victim’s financial accounts, such as investment or retirement accounts. The FBI warns they will also provide a QR code…
Bitcoin (BTC) is still seeing a supply squeeze despite a significant uptick in whale selling on exchanges this week. As confirmed by on-chain monitoring resource CryptoQuant on Nov. 5, whales have accounted for the vast majority of selling pressure in recent days. Whale coins find a new home A familiar event but with curious timing — large-volume holders are “dumping” BTC on the market, but at or near April’s all-time highs. Despite seemingly unanimous consensus among traders and analysts that the bull run is far from over, whales appear eager to…
One of the controversial topics in recent times is the payment of tax on cryptocurrency gains. In the USA, the IRS termed virtual currencies as property which means that holders will pay taxes like holders of fundamental properties or stocks. The agency even sent a subpoena to many centralized cryptocurrency exchanges to give up the information of non-compliant taxpayers. Even though many people in the cryptocurrency community frown against such taxes, the government is bent on ensuring compliance. Presently, non-compliance to the crypto tax payment requirement attracts legal action. So,…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hello guys I’m Devil. This channel is all about Cryptocurrencies news, updates, and Future Trends. My all videos will help you out to invest in new cryptocurrencies or what the market update. Every day is going to upload videos so Relax and just watch the videos to get all the updates here. Disclaimer: I am not a market expert or a professional so all my prediction is going to be based on market trends or previous Graphs. But I will try and…
As the end of the year approaches, the price of bitcoin has hovered above the $60K region and with 18.8 million bitcoin in circulation, bitcoin’s market valuation is over $1.16 trillion today. Meanwhile, the number of tokenized bitcoins in existence today has swelled significantly during the last three years, climbing to 408,210 bitcoin worth $25 billion today. More Than 400,000 Wrapped, Synthetic, or Tokenized Bitcoins in the Wild Wrapped, synthetic, or tokenized bitcoin has become a growing trend during the last two years and nine months. Bitcoin.com News reported on…
Cointelegraph team members and leadership joined major media companies and tech figures this week at the three-day Web Summit 2021 in Lisbon. The issues surrounding social media giant Facebook were the focus for many at the largest tech conference in the world. The company has been the subject of intense media scrutiny following the release of internal documents by whistleblower Frances Haugen, in addition to its decision to enter the metaverse with its rebrand to Meta. Facebook investor Roger McNamee said he believed executives at the social media firm should…
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The stablecoin market has been growing exponentially — from only $21.5 billion in mid-October of last year to $130 billion at the start of November; a six-fold increase — so it was only reasonable to expect that the United States government would have to come to grips with these digital assets that are designed to maintain a stable value relative to a fiat currency like the U.S. dollar (USD) or a commodity like gold. The Treasury Department revealed its latest thinking on the subject this week with the much-anticipated President’s…