Tag: Cash

Former Party Organizer Indicted for Laundering $2.7M in Bitcoin and Cash

boss

In a statement, the Manhattan DA alleged that between January 2018 and August 2021, the 42-year-old Spieker converted over $2.3 million into Bitcoin, and separately, more than $380,000 of Bitcoin into U.S. dollars, via “a rotating set of accomplices” who opened bank and crypto exchange accounts to enable the laundering of “criminal proceeds.” “As alleged, this sprawling web of international money laundering helped drug traffickers, an organized crime ring, and scammers hide their criminal activity and transmit their proceeds around the globe,” New York District Attorney Alvin Bragg said in…

Solana-Based Cashio App Hit With an ‘Infinite Mint Glitch,’ CASH Stablecoin Drops to Zero – Defi Bitcoin News

boss

A decentralized finance (defi) protocol called Cashio was attacked by an “infinite glitch” exploit around 9:00 a.m. (UTC), the team said on Wednesday. Following the hack, statistics show the protocol’s total value locked (TVL) dropped from over $28 million to $579,701 and the project’s stablecoin shuddered from $1 per token to zero. Cashio App Exploited With an Infinite Mint Glitch, Project’s Ecosystem Shudders The Solana-based decentralized money project called Cashio App has been attacked by an “infinite glitch” exploit the development team detailed on Wednesday. “Please do not mint any…

Member of St. Maarten’s Parliament Plans to Have His Entire Salary Paid in Bitcoin Cash – Bitcoin News

boss

On Saturday, the leader of the United People’s Party and member of St. Maarten’s Parliament, Rolando Brison, announced that he’s become the first elected official to request his entire salary paid in bitcoin cash. Brison believes St. Maarten can be the “Crypto Capital of the Caribbean,” as long as his country continues to embrace blockchain technology and cryptocurrency solutions. MP Wants St. Maarten to Become the ‘Crypto Capital of the Caribbean’ While El Salvador is known for its bitcoin tender law, the Caribbean has become a hotbed for cryptocurrency adoption…

Monero, Kyber Network and Tornado Cash break out as traders pile into privacy protocols

boss

Stocks and cryptocurrencies saw a notable bounce on March 9 even though war, rising inflation and historically high oil prices have investors uncertain about the future. Bitcoin (BTC) price surged to $42,600 in the early trading hours and several altcoins followed suit with double-digit gains. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Monero (XMR), Kyber Network (KNC) and Tornado Cash (TORN), with Zcash (ZEC) earning an honorable…

Fast-Food Chain Shake Shack Trials Bitcoin Rewards for Customers Using Cash App – Bitcoin News

boss

The American fast-food restaurant chain Shake Shack is giving bitcoin rewards to customers leveraging Cash App’s debit card payment rail, Cash Card. According to Shake Shack, participants will get 15% of their purchase back in the form of bitcoin, and the crypto promotion will last until mid-March. Shake Shack Experiments With Bitcoin Trial to Lure Millennial and Gen Z Customers The fast-food restaurant chain Shake Shack is experimenting with cryptocurrency rewards as the company has partnered with Block Inc. in order to give away bitcoin (BTC). The announcement stems from…

Cash App’s Bitcoin Revenue Grew 119% in 2021, Gross Profit From BTC Rose 124% – Exchanges Bitcoin News

boss

Popular mobile payment platform Cash App, developed by Jack Dorsey’s Block Inc., generated $10 billion in bitcoin revenue and $218 million in bitcoin gross profit in 2021. Compared to the previous year, the bitcoin revenue increased 119% while gross profit rose 124%. Cash App’s Bitcoin Business Block Inc., formerly Square Inc., released its Q4 2021 earnings report Thursday. The report includes the performance of Cash App, the firm’s mobile payment platform that allows users to trade bitcoin. The company stated: Cash App generated $1.96 billion of bitcoin revenue and $46…

Ukraine Central Bank Limits Cash Withdrawals Amid Russian Assault – Bitcoin News

boss

The central bank of Ukraine has capped withdrawals of cash in national fiat and banned those in foreign currency. The monetary authority says the measures aim to ensure the functioning of the nation’s financial system under the martial law introduced in response to Russia’s military offensive. National Bank of Ukraine Restricts Hryvnia Withdrawals, Fixes Exchange Rates As citizens were lining up at ATMs and bank offices on Thursday, the National Bank of Ukraine (NBU) adopted a resolution limiting daily cash withdrawals in local currency to 100,000 hryvnia (approx. $3,350), except…

Crypto Settlement Startup Zebec Gets $15 Million to Craft Programmable Cash Stream Payments – Finance Bitcoin News

boss

The multi-signature treasury management and settlement startup Zebec has revealed the company has raised $15 million in order to bolster a continuous and programmable cash stream protocol on the Solana blockchain. Zebec says the company aims to be the “payment solution for DAOs, crypto projects, Web3 and the metaverse.” Zebec Raises $15 Million to Bolster Real-Time Settlement in Defi, Web3, Metaverse On Tuesday, Zebec the startup behind the “continuous and programmable cash stream protocol” built using the Solana network revealed the company raised $15 million from investors. Zebec details that…