Day: July 1, 2023

Fidelity, VanEck and other moguls re-file bitcoin ETF applications

Several major investment firms have refiled their applications for spot bitcoin ETFs with the SEC, naming Coinbase as their exchange partner. Fidelity, WisdomTree, VanEck, and Invesco/Galaxy have all submitted applications. A spot bitcoin ETF would allow investors to get exposure to BTC without holding the token. ETFs allow investors to gain exposure to bitcoin, the world’s number one cryptocurrency, without holding the digital asset. MORE: Fidelity, WisdomTree, VanEck and Invesco/Galaxy have all re-filed their spot bitcoin ETF applications, naming Coinbase as the exchange. Nothing from BlackRock or ARK yet. pic.twitter.com/txkWXB0dBS…

Kraken receives court order to turn over customer data to IRS

Crypto exchange Kraken has been asked by the Internal Revenue Service (IRS) through a federal court order to provide account and transactional information. According to the June 30 court filing, the IRS needs the information on Kraken accounts that traded at least $20,000 of a cryptocurrency over a year, which applies to active users between 2016 and 2020.  Initially, the IRS had filed a petition on Kraken in the Northern District of California in February. This petition case, shortly after the exchange had settled charges the U.S. Securities and Exchange…

5 entry-level machine learning jobs

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The area of machine learning, which is quickly expanding, uses statistical methods and data analysis to teach computers how to learn and make predictions or judgements without being explicitly programmed.  There is a rising need for employees with entry-level expertise in machine learning as businesses and industries increasingly understand its usefulness. Here are five entry-level positions in machine learning that present fascinating chances for those looking to launch their careers in this area. Machine learning engineer The role: Machine learning engineers develop, deploy and maintain machine learning models and systems. Required skills:…

US man imprisoned after paying bitcoin to eliminate child he molested

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A New Jersey resident, John Michael Musbach, has been sentenced to 78 months in prison following his attempt to hire a hitman via the dark web to assassinate a minor he had previously sexually exploited. The objective of this heinous act was to prevent the 14-year-old victim from testifying against him. Musbach, 34, paid over $20,000 in bitcoin to a fraudulent murder-for-hire website on the dark web, intending to have the child murdered. His actions were…

Kraken ordered by court to disclose user data to IRS for tax compliance

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A federal court ordered crypto exchange Kraken to turn over account and transaction information to the Internal Revenue Service (IRS), which said it needed that information to see if any of the exchange’s users had underreported their taxes. As per the order issued on Friday, June 30, Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year, including their names (real or pseudonyms), birthdates, taxpayer identification numbers, addresses, phone numbers, email addresses and various other documents. In February, the IRS submitted a…

Quant price stagnates, DigiToads presale approaching $6m as TOADS aims to be a top-100 token

Cryptocurrencies are known for their volatility and continually transforming environment. While certain digital assets undergo rapid ascents and descents, others remain relatively static, leading investors to question their prospects for growth. Quant serves as a prime illustration of this trend. The price of QNT, its native token, has been muted in recent days. Nevertheless, against this backdrop, DigiToads has successfully raised over $5.7 million in its ongoing presale. DigiToads is currently conducting a presale of TOADS, its native ERC-20 token. During this stage, the presale has garnered significant attention in the…

Slovakia approves lower crypto income tax rate

Slovakian lawmakers have passed legislation to regulate and reduce the tax rate on cryptocurrency income. Under the new law, crypto income from assets held for at least a year will be taxed at a favorable rate of 7%, aligning Slovakia with other crypto-friendly countries such as Slovenia and Switzerland. In a June 28 announcement, Slovakian deputies have approved an amendment that will lower the taxation on cryptocurrencies. The assets held for more than a year are subject to a reduced tax rate of 7%, lower than the standard income tax rate.…

Celsius Network approved to convert altcoins into BTC or ETH

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The United States Bankruptcy Court for the Southern District of New York has approved bankrupt crypto lender Celsius Network’s plan to convert its altcoins into Bitcoin (BTC) and Ether (ETH). The order was issued by Judge Martin Glenn, and the liquidations will pave the way for the distribution of the funds to creditors in the near future. The proposal was officially approved after discussions between Celsius and the U.S. Securities and Exchange Commission (SEC). As per the bankruptcy judge’s ruling, the troubled lender is authorized to: “Sell or convert any cryptocurrency…

Cardano losing traction, investors opt for potent crypto projects like InQubeta

The cryptocurrency market is a dynamic ecosystem constantly evolving with new projects and innovations. While some altcoins may experience a decline in interest, others emerge to revolutionize the industry. InQubeta is one such project reshaping the crypto landscape with its artificial intelligence (AI) innovation. As interest in top altcoins like Cardano fades, InQubeta’s technology could allow investors to be part of the future of crypto. InQubeta’s AI innovation InQubeta is at the forefront of a paradigm shift in the crypto industry, bridging the gap between artificial intelligence (AI) and blockchain technology. By…

Dogecoin and Shiba Inu meme coins face stiff competition with the emergence of DigiToads

A new memecoin called DigiToads is gaining popularity in crypto and competing with dogecoin (DOGE) and shiba inu (SHIB). The presale of DigiToads was successful, raising over $5.7 million and selling more than 354 million tokens. This indicates a high level of investor interest and confidence in the project, providing a solid foundation for its development and growth. DigiToads appears to be a compelling investment opportunity with the potential for long-term success. DigiToads distinguishes itself through its distinctive position within the memecoin market. While dogs, notably Dogecoin, have garnered significant attention in…