Early Bitcoin investor jailed for unreported crypto gains in $4M BTC sale
A Texas Bitcoin investor faces prison for failing to report over $4 million in cryptocurrency gains, setting a legal precedent. Go to Source
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ETH once pumped 6X months after a big Ethereum Foundation sale: Arkham
In 2020, the Ethereum Foundation sold 100,000 ETH, and the price surged over 500% in the months following. There’s no telling what will happen this time. Go to Source
Nigerian crypto wallets tied to protests evade government freeze efforts
The discrepancies between the government’s claims and the blockchain data highlight a tense dynamic between digital finance and state authorities. Go to Source
$67M Shifted—August Sees Tepid Activity in Dormant Bitcoin Wallet Movements
Between Aug. 1 and Aug. 14, more than 1,109 BTC, worth around $67 million, moved from long-dormant bitcoin wallets that had been inactive for years. The bulk of this activity came from 17 distinct wallets, all originating in 2017, making this the largest movement of previously idle bitcoin from any single year of origin shifted … Read more
Dormant Bitcoin Wallets From 2010-2017 Transfer $294M in June
Long-time bitcoin holders moved a total of 4,681.438 BTC, worth $294 million, from dormant wallets dating from 2010 to 2017. The most significant activity was from addresses created in 2016, with 2,442.302 BTC exchanged across 14 transactions. 4,681 BTC Moved From Long-Inactive Wallets While BTC faced considerable fluctuations in June, bitcoins from long-inactive wallets transacted … Read more
Aptos hits all-time high in user transactions
The recent surge in transactional activity on Aptos is attributed to the launch of Tapos Cat, a new tap-to-earn game that has gained rapid popularity. Go to Source
IRS, Chainalysis Helping Ukraine Track Russians Using Crypto to Evade Sanctions
The U.S. Internal Revenue Service (IRS) said it’s working closely with Ukraine to help it trace crypto transactions of Russian sanctions evaders. The agency is providing the Ukrainians access to a Chainalysis tool as well as specialized training to Ukrainian law enforcement. IRS Offers Ukraine Tools From Chainalysis to Trace Russian Blockchain Transactions The criminal … Read more
South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry
A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The professor also accused the senior central bank official of spreading inaccurate information that “does immeasurable damage to an important new industry.” Only 0.15% of Crypto Transactions Are … Read more
Binance Smart Chain hits record-high daily transactions
The DeFi platform has recorded approximately 1.75 billion lifetime transactions since its launch in August 2020. Go to Source Powered by WPeMatico
PR: Bitcoin.com Wallet Joins Blockchain Consortium FIO
Bitcoin.com wallet, the official wallet of Bitcoin.com, has joined the Foundation for Interwallet Operability (FIO) in a move that will assist the wave of new users who are expected to join cryptocurrency markets as a result of June’s recent coin and token price increase. The post PR: Bitcoin.com Wallet Joins Blockchain Consortium FIO appeared first … Read more
