Tag: Paying

Swyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scams

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Australian crypto exchange Swyftx is launching a new “Earn and Learn” crypto education platform, aimed at rewarding its users for completing courses covering an array of crypto scams.  The new educational platform will launch on Sept. 6 and comes amid heightened attention over crypto-related scams in Australia. Swyftx’s head of corporate affairs, Tom Matthews, said the aim is to better equip the public with knowledge until such a time the industry is fully regulated. It would also serve to help people better understand the crypto market and reduce their susceptibility…

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…

Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers

The complaint, filed Tuesday, alleges Daniel Friedberg served as a “fixer,” paying “exorbitant hush money” to would-be whistleblowers who threatened to expose the exchange’s alleged misappropriation of user funds. He faces 11 charges, including legal malpractice, breach of fiduciary duty, corporate waste and several counts of fraudulent transfers, according to the lawsuit. Source

Fantom starts paying developers to generate gas fees

A new program from the Fantom Opera network (FTM) team will pay developers for the gas fees they generate from users, according to a May 31 announcement. Specifically, the “Gas Monetization Program” will pay eligible developers 15% of the total gas fees their apps generate. Gas Monetization on #Fantom is live! ⛽ The program provides dApps with a sustainable income by offering them a 15% share of the gas fees they generate. Over 12,000 $FTM has been distributed thus far https://t.co/BqpuKtrZh0 — Fantom Foundation (@FantomFDN) May 31, 2023 Six Web3…

Chinese City Changshu to Begin Paying Public Servants with Digital Yuan

China remains at the forefront of CBDC adoption on a global scale. The Chinese city of Changshu has told workers in the public sector that they will start receiving their full salaries in digital yuan. According to the South China Morning Post, the new payment regime will be in effect from May 2023. And, it is expected to affect many employees including doctors, teachers, and even reporters. A local media report also confirms the notice as being originally issued by the city’s financial authorities. Tagged as “Notice on the Implementation…

Sam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda: Report

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Former FTX chief executive officer Sam Bankman-Fried, also known as SBF, is reportedly funding the legal team defending him against federal charges with millions of dollars he gifted his father from Alameda Research. According to a March 29 Forbes report citing sources with “operational knowledge” of FTX and Alameda, in 2021 Bankman-Fried gave his father at least $10 million that was funded by a loan from Alameda. The former FTX CEO sent the funds to his father, Joseph Bankman — a Stanford Law professor who has stopped teaching classes amid…

SBF Charged with Paying $40M Bribe to Chinese Officials

The Chinese authorities froze the Alameda Research trading account in 2021 as part of an ongoing investigation of a particular counterparty. The United States Department of Justice (DoJ) has unveiled a new indictment against former FTX CEO Sam Bankman-Fried (SBF). According to court filings published on March 28, SBF is charged with bribe dealings with Chinese officials to unfreeze FTX accounts. The distressed former crypto billionaire will be fighting more charges in court at the tail end of this year when his next hearing is scheduled. With three of his…

For Solana Users, ‘Priority Fees’ Mean Paying Up to Skip the Line

Solana suffered multiple well-documented (and excoriated) network outages in 2022 and 2021, some of which were driven by bots pummeling one corner of the blockchain simultaneously. In one such outage, in September 2021, bots crowded a token sale on exchange Raydium with more transactions than Solana could handle. Solana basically broke, going offline for 17 hours – an eon in 24/7 cryptocurrency markets. Source

Bumble Q4 & Full-Year 2022 Results Show Increase in Revenue, App Paying Users

According to Bumble CEO Whitney Wolfe Herd, the company’s Q4 and full-year 2022 performance strengthens confidence in “long-term opportunity.” Bumble Inc (NASDAQ: BMBL) recently announced its Q4 and full-year 2022 results, which showed a 19% increase in annual revenue. The dating app facilitator hauled in $903.5 million for the whole year, while also recording a fourth-quarter 28% increase to $190.8 million. Furthermore, Bumble reported a 35% increase in paying users to 2.2 million in Q4. According to the company, its subscription base grew 130,000 quarter-over-quarter last year. Bumble Q4 and Full-Year 2022…

Paying the way for Bitcoin adoption in El Salvador: Video

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The Bitcoin (BTC) white paper title describes Bitcoin as a “peer-to-peer electronic cash system.” So how is Bitcoin being used as a means of exchange, or electronic cash, in the first country to adopt Bitcoin?  Reporter Joe Hall spent a few weeks in El Salvador attempting to live off Bitcoin and Bitcoin only. He documented his trials, tribulations, successes and satoshis (the smallest amount of a Bitcoin) in a video for Cointelegraph’s YouTube channel: Headlines from El Salvador within the crypto community have been largely positive. Moreover, statistics emanating from…