Month: July 2023

The battle of SEC and crypto companies: 2023 outline

The SEC has initiated legal actions against multiple crypto entities to address potential violations of securities laws and protect investors. As the deadlines for some of them draw near, let’s recall which are expected to end. Gary Gensler’s SEC has taken legal actions against countless crypto-focused business entities to ensure compliance with its securities laws, aiming to bring the tokens of these projects under its securities umbrella. The SEC claims its actions protect investors from falling victim to potential fraud. US regulator aims to foster stability in the cryptocurrency industry…

Shiba Inu burns 1.6b tokens in June

A recent tweet by Shibburn shows that the shiba inu community sent 1,653,845,435 SHIB meme coins to empty wallets in the past month. While the quantity of burned SHIB tokens may seem impressive, daily burning rates remain volatile, often plunging significantly into negative territory. On June 30, Shiba Inu’s burn rate spiked by 1,800% due to locking 50,258,924 SHIB in unspendable wallet addresses. 🔥🔥🔥 1,653,845,435 $SHIB tokens have been burned in the month of June with 164 transactions. #shib — Shibburn (@shibburn) July 1, 2023 However, only two daily SHIB…

Bitcoin price has never lost more than 10% in July — Is 2023 different?

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Bitcoin (BTC) gained 12% in June, but one forecast sees the good times soon fading for bulls. In a tweet on July 1, popular trader CryptoBullet admitted that July might not offer much more BTC price upside. Trader: BTC price rally “likely” ending this month Despite a last-minute dive thanks to a macro news event, Bitcoin managed to close out the month of June in a solid position. Data from Cointelegraph Markets Pro, TradingView and CoinGlass confirms that the monthly close came in at $30,465 on Bitstamp. BTC/USD 1-hour chart.…

Solana surpasses Ethereum in 24h NFT sales

In the past 24 hours, Solana’s NFT daily sales volume increased, surpassing Ethereum’s for the first time since May 2022. During a 24-hour period from June 30, the Solana (SOL) network produced more NFT sales in volume than Ethereum (ETH). This contrasts with the high-value Ethereum NFT market, which has recently declined in trade volume. According to information provided by CryptoSlam, the sales of Solana NFTs on the secondary market generated close to $24.2 million over the previous day, while sales of Ethereum totaled $21.2 million. Blockchain sales by NFT…

India Blockchain Alliance’s founder explains its impact

India Blockchain Alliance (IBA) was set up in 2018 by Raj Kapoor — an advisory board member at over 50 blockchain companies — based on the idea the technology could help reshape financial, social and governance systems in the world’s most populous nation and make them more decentralized, open and equitable.  While India’s government has warned about risks in cryptocurrency trading, it has shown support for blockchain technology as have several states in India. Pune state is adopting blockchain to record real estate transactions to reduce fraud. Police in the…

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…