Monthly Archives: May 2022

US, UK, Canada, Australia, Netherlands Share Crypto Criminal Leads, Including a Potential $1B Ponzi Scheme

Officials from the U.S., U.K., Canada, Australia, and the Netherlands have shared data and identified more than 50 crypto-related criminal leads, including one case that could be a $1 billion Ponzi scheme. Officials Share Data on Global Crypto Crime The heads of tax enforcement from the Joint Chiefs of Global Tax Enforcement (J5) countries met in London this week to share intelligence and data to identify sources of illegal cross-border crypto activity, Bloomberg reported Friday. The J5 was formed in response to the call to action from […]

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Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock and crypto trader receives jail sentence for Ponzi scheme: Hodler’s Digest, May 8-14

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Breaking: Terra blockchain officially halted following LUNA price collapse This week, news about the Terra ecosystem dominated the headlines after algorithmic stablecoin TerraUSD (UST) lost its peg to the U.S. dollar and continued to crash. At its lowest point during the week, UST […]

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Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000

Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues Crackdown on Unlicensed Cryptocurrency Mining Iranian officials have unplugged and disbanded a total of 6,914 crypto farms operating without a mining license. This since authorities started clamping down on the illegal extraction of cryptocurrencies in 2020, the English-language Iranian daily Financial Tribune […]

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Crypto Market Rout Pulls the Floor out From Blue-Chip NFTs, Weekly Sales Down 64%

As markets slid in value during the past week, non-fungible token (NFT) floor values have dropped considerably. Blue-chip NFT collections like Bored Ape Yacht Club (BAYC), Cryptopunks, and more have seen their floor values drop between 2-25% in the last 24 hours. NFT Floor Values Take a Significant Beating NFT sales have dropped 64.84% lower than the week prior during the last seven days. Nearly every popular NFT collection is down considerably when it comes to week-over-week sales. Otherdeed sales are down 90.31%, BAYC sales have slid […]

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Will the Ethereum 2.0 update reduce high gas fees?

Ethereum’s gas fees have long been an issue among its users. Will Ethereum 2.0 finally eliminate this problem? Ethereum’s high gas fee and its impact on the platform’s scalability Purpose of Ethereum 2.0 The primary goal of the Ethereum 2.0 update is to improve scalability so that the network can handle more transactions without delays or high fees.  While the full effects of the update will not be felt until it is fully rolled out, some of the possible use cases for Ethereum 2.0 include: Supporting the […]

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NBMiner v41.0 With Full Nvidia LHR Unlock for Windows and Linux

After NiceHash releasing their QuickMiner with full Nvidia GPU Low Hash Rate (LHR) unlock first, NBMiner comes wiht an update that also unlocks the full hashrate on of LHR GPUs. Unlike the NiceHash release however, the NBMiner is not limited to the NiceHash service, it can be used on all mining pools for Ethereum (ETH). It is also available for both Windows and Linux operating systems. Make sure you run NBMiner with admin priviledges in order for the unlock to function and also to use new video […]

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Germany Declares Crypto Gains Tax-Free After 1 Year — Even if Used for Staking, Lending

The German Ministry of Finance has published a letter officially confirming that the sale of crypto assets is tax-free after one year even if the coins are used for staking and lending. How Crypto Gains Are Taxed in Germany The German Ministry of Finance announced Wednesday that it has published a letter on the income taxation of cryptocurrency, stating: This is the first time that there is a nationwide uniform administrative instruction on the subject. The finance ministry detailed that in a hearing that took place last […]

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Biggest Movers: LUNA Climbs 1,500% Following Do Kwon Tweets, While AVAX and NEAR Fall on Saturday

Following tweets from Terra founder Do Kwon, LUNA surged by over 1,500% on Saturday. However, with several exchanges halting deposits, only those who entered at the very bottom have seen these gains. This comes as AVAX and NEAR both fell by over 20%. Avalanche (AVAX) Although LUNA was undoubtedly today’s biggest gainer, recent volatility and price action makes it almost impossible to truly analyze. However, another relative big mover in today’s session was AVAX, which fell by as much as 20%. AVAX/USD slipped to an intraday low […]

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Report: Terra Founder Do Kwon’s Spouse Seeks Police Protection After the LUNA and UST Fallout

Following the aftermath of the Terra blockchain tokens LUNA and UST losing significant value, reports indicate that the Terraform Labs founder Do Kwon’s apartment was visited by an unidentified person. Do Kwon’s spouse has requested protection from the Seongdong police in Seoul after the unknown person broke into the apartment building and rang the doorbell asking for Kwon. Unidentified Person Breaks Into Do Kwon’s Apartment Building Seeking Terra Founder’s Whereabouts, Kwon’s Spouse Seeks Help From Police Not too long ago, on May 1, 2022, the Terra blockchain […]

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An Open Letter To A Bitcoin-Doubting Friend On Wall Street

Being employed by Wall Street colors how some people view Bitcoin. This letter is an attempt to lead one such person to the Bitcoin rabbit hole. Dear Wall Street friend,  I write this letter because I like you. I know we have our differences, especially in terms of how we view the financial institutions that dominated the last century of history, but I understand where you’re coming from. You are a smart and communicative person, banks and managers have identified your potential, offered you a well-paid career […]

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