Month: January 2023

Romania Carries Out Raids as Part of Crypto Tax Evasion Probe โ€“ Taxes Bitcoin News

Authorities in Romania have conducted more than a dozen raids against people suspected of hiding income from cryptocurrency operations. The searches took place in late 2022 following an earlier investigation which established that crypto traders had failed to report digital assets exceeding $50 million in value. Law Enforcement and Tax Authorities in Romania Go After Crypto Taxpayers Police and tax officials in Romania have carried out 17 raids in the fall of last year as part of an investigation against persons accused of evading taxation by concealing profits from transactions…

Shibarium Developers Say Each On-Chain Transaction Will Burn SHIB Tokens

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Shibarium is one of the most anticipated projects, mainly in the Shiba Inu community; most SHIB community members are eager for the launch as it could be enough of a catalyst to pump their SHIB bags.ย  Latest on the news about the layer two blockchain scaling solution, the developers announced via a short thread on Twitter earlier today that every transaction on the Shibarium network would result in a burn of Shiba Inu (SHIB) token. Shibarium Burn Mechanism To Boost SHIB Price Over Time? Currently, SHIB has a circulating supply…

Wyre imposes up to a 90% withdrawal limit for all users

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Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets just days after two former employees allegedly hinted the possibility of a shutdown. On Jan. 7, 2023, Wyre imposed a withdrawal limit on its platform, citing โ€œthe best interest of our community.โ€ Following the policy modification, Wyre users can withdraw up to 90% of their crypto funds as the company explores strategic options to circumvent the prolonged bear market. We are modifying our withdrawal policy. While customers will continue to…

Lido DAO Surges By More Than 55% in Just A Week

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Lido DAO (LDO), the native cryptocurrency of Lido Finance, significantly increased its total market capitalization which now stands at $1.25 billion. This no longer comes as a surprise as the crypto asset is in the midst of an incredible run that enabled it to post double-digit gains on its intraday, weekly, bi-weekly and monthly charts. At press time, according to data from Coingecko, LDO is changing hands at $1.51, increasing its value by 13% during the last 24 hours. Over the previous seven days, the digital token went up by…

Bank of France Governor Calls for Mandatory Licensing for Crypto Companies โ€“ Regulation Bitcoin News

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France has to adopt a licensing regime for crypto service providers, the head of the countryโ€™s central bank has suggested. According to the executive, the need to tighten regulatory oversight stems from the โ€œdisorderโ€ in the industry throughout the past year. Licensing Should Replace Registration for Crypto Firms in France, Governor Galhau Says Banque de France Governor Francois Villeroy de Galhau has urged for subjecting crypto businesses to stricter regulatory requirements. Licensing must be introduced instead of the current registration in response to the recent volatility in the sector, he…

ITS STARTING NOW (Divergence Confirmed)!! Bitcoin News Today & Ethereum Price Prediction (BTC & ETH)

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io ITS STARTING NOW (Divergence Confirmed)!! Bitcoin News Today & Ethereum Price Prediction (BTC & ETH) Welcome back to the Crypto World! In this video I reveal my next Ethereum Price Prediction and Bitcoin Price Prediction! Make sure to watch the WHOLE video so you DON’T MISS OUT on this IMPORTANT information & leave a LIKE and SUBSCRIBE for more videos like this! ๐Ÿ’ฐ Learn Technical Analysis Here ๐Ÿ‘‰ ๐Ÿ‘ˆ ๐Ÿ”ฅ Register on Bybit: ๐Ÿ‘‰ ๐Ÿ‘ˆ Get up to *$30,030 Bonus* and benefit…

Ferrari cuts ties with crypto sponsor ahead of 2023 Formula One season

Scuderia Ferrari, the racing division of luxury carmaker Ferrari, joined the growing list of Formula One racing teams to end partnerships with their cryptocurrency sponsors. Ferrari exited its multi-year partnership deals with Velas Blockchain and chip manufacturing giant Snapdragon, resulting in a cumulative $55 million loss for the Italian team ahead of the 2023 season. The Ferrari-Velas partnership from 2021 โ€” set at $30 million a year โ€” was aimed at increasing fan engagement through nonfungible tokens (NFTs) and other shared initiatives. However, the team was noncompliant with the clauses…