Kais Mohammad, a 36-year-old resident of Yorba Linda in California who nicknamed himself ‘Superman29’, has pleaded guilty to federal criminal charges of running Herocoin, an unlicensed cryptocurrency services business that exchanged up to USD 25 million through in-person transactions and a network of Bitcoin (BTC) ATM-type outlets. Some of the customers of the man, who…
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Illicit crypto mining appears to be booming in the South Caucasus region, with Abkhazia where crypto rigs are reportedly flooding over the border – despite the fact that mining is officially illegal under Abkhazian law. The largely unrecognized Republic of Abkhazia in the South Caucasus is recognized by most countries as an autonomous republic of…
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Russia’s new crypto legislation was finally approved this week, after a delay of over two years – but it might be that the true battle for crypto regulation in the country is yet to begin. A local expert has hinted that when policymakers decided to divide the “On Digital Assets” bill into two, they effectively…
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Fiat money will be a passing fad in the long-term history of money, while gold, as a hedge against government money, is outperformed by equities in the long run, according to Jim Reid, Research Strategist at German banking giant Deutsche Bank. In a note to clients on Wednesday, he admitted that even as he’s ‘a…
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Source: Adobe/Prostock-studio While many in the Cryptoverse celebrate a decision by the US Office of the Comptroller of the Currency to allow all federally chartered banks in the US to provide cryptoasset custody services to their customers, it also brings an "existential" risk to Bitcoin (BTC). The OCC published a letter stating that all national…
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Payment card giant Visa said it has an “agnostic” view on cryptoassets, adding it will support all forms of “digital currencies and blockchain networks” that its clients demand. The clarification of Visa’s stance on crypto came in a blog post from the company published yesterday, where it also said that its approach to digital currencies…
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Attackers who collected bitcoin (BTC) 13.14 – worth about USD 120,000 – on July 15, from the largest hack in Twitter’s history, are believed to have accessed direct messages boxes of 36 users, including an elected Dutch official, and downloaded “Your Twitter Data” from eight accounts. The company did not reveal who are the owners…
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After a month of low-volatility trading below USD 9,500, bitcoin (BTC) finally broke through the level, helped by a surge in ethereum (ETH) and other major altcoins. Although the rally was not unusually strong for a cryptoasset like bitcoin, getting the price of the asset above USD 9,500 is seen as an important stepping stone…
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The South Korean government has unveiled its crypto tax proposals – with traders who earn over USD 2,100 a year set to pay 20% tax on their earnings. This limit is considerably lower for stock market traders, who do not need to pay tax on earnings (also 20%) of up to USD 42,000 from investments…
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Bitcoin price gained bullish momentum after it broke the USD 9,300 resistance. BTC even surpassed the USD 9,400 level before starting a downside correction. The price is currently (08:30 UTC) consolidating near USD 9,300 and it might start a fresh increase. Similarly, most major altcoins remained in a positive zone, including ethereum, XRP, litecoin, bitcoin…
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