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Month: February 2022
UK Seizes First NFTs in $2 Million Fraud Crackdown — Arrests 3 People – Regulation Bitcoin News
The U.K.’s. HM Revenue & Customs (HMRC) has made its first non-fungible token (NFT) seizure. British authorities also seized some crypto and arrested three people in a fraud case involving 250 allegedly fake companies. “Our first seizure of a non-fungible token serves as a warning to anyone who thinks they can use crypto assets to hide money from HMRC.” NFTs and Crypto Assets Seized by UK Tax Authority Britain’s HM Revenue & Customs (HMRC) said Monday that it has seized three non-fungible tokens (NFTs) and cryptocurrency worth about 5,000 pounds…
Canada invokes ‘Emergencies Act’ targeting crowdfunding and crypto
Canadian Prime Minister Justin Trudeau has invoked the Emergencies Act, which gives him the power to freeze Freedom Convoy protesters’ bank accounts and monitor “large and suspicious transactions,” including crypto. Deputy Prime Minister Chrystia Freeland said in a press conference on Feb. 14 that this latest tactical maneuver against the protesters broadens the scope of Terrorist Financing rules. It targets “crowdfunding platforms and the payment service providers they use.” “These changes cover all forms of transactions including digital assets such as cryptocurrencies.” Together, protesters had amassed over $19 million in…
Chingari integrates native token to advance Web3 social networking
Indian social networking platform Chingari has announced ambitions to revolutionize the experience of its 100 million-user creator economy through the integration of native digital asset, $GARI, and accompanying cryptocurrency wallet via the Solana blockchain. Translating into the word ‘Spark’ in the languages of Urdu and Hindi — a branding visibly consistent with its flame icon — the Chingari user interface often draws parallels to popular Western entertainment services TikTok, Instagram Reels and YouTube Shorts, for its principal focus on short-timed, infinitely accessible video content. Launched in 2018, the platform has…
CryptoTab – MINING CON IL TELEFONO! | funziona? Ecco le risposte e quanto si guadagna!
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I'm Breaking up with CPU Mining
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Will Ethereum Hit $7k This Year? Finder’s Panel Says Yes
Ethereum has been one of the greatest performers among the leading crypto currencies in 2021, with a price increase of about 330 percent over the course of the year. However, after hitting a new high of $4,847 in early November 2021, the price of ETH plummeted by more than 70% in January 2022. Ethereum Poised For $7k? While ETH’s great ROI and strong trajectory led to a lot of high price projections for the coin’s future, many of those were invalidated by the recent downturn. On January 24, prospects of…
These Two Altcoins Are Ready For Major Pullback, Says Crypto Analyst
Altcoins have been closely following the movement of bitcoin over the last few weeks but this is no surprise. However, there are times when these altcoins are able to break out of the shadow of the pioneer cryptocurrency and make out a rally for themselves. This is referred to as altcoin season. But while the crypto market waits for this to begin, an analyst has mapped out two assets that may see major upside in the coming days. Two Altcoins Are Ready A crypto market strategist has put forward two…
Canada’s Trudeau Enacts Emergencies Act, and Crypto Is Included
In addition, the government is broadening the scope of Canada’s anti-money laundering and counter-terrorist financing rules to now cover crowdfunding platforms and the payment service providers they use. These changes, said Freeland, cover all forms of transactions, including digital assets such as crypto. Source
Coinbase Plans 2K-Employee Hiring Spree This Year
Coinbase (COIN), the largest U.S. cryptocurrency exchange by trading volume, will hire up to 2,000 people this year as it seeks to take advantage of opportunities in the development of Web 3 and other areas, Chief People Officer L.J. Brock said in a blog post Tuesday. Source