Two Promoters of IcomTech Crypto ‘Ponzi’ to Face 20 Years Jail Term
A New York jury convicted two former promoters of the alleged cryptocurrency mining and trading company IcomTech, both now subject to a maximum sentence of 20 years in prison for their involvement in the “Ponzi” scheme. The two-week trial concluded on March 14 when a jury in a New York District Court found Gustavo Rodriguez […]
Live Ethereum Dencun Upgrade Pulls ARB, OP and MATIC up
And so it happened! The Dencun upgrade on the Ethereum blockchain has been successfully implemented, significantly impacting the performance and valuation of tokens associated with layer-2 scaling solutions such as Arbitrum, Optimism, and Polygon. Arbitrum, a leading force in Ethereum’s layer-2 scaling ecosystem, witnessed remarkable growth around the time of the Dencun launch. The platform’s […]
Ethereum Dencun Upgrade Goes Live on Mainnet
Ethereum Dencun Upgrade, expected to substantially improve Ethereum’s scalability and substantially reduce network transaction fees of layer-2 networks, has officially gone live on March 13, 13:55 UTC. Although the Dencun upgrade represents progress, it does not address every limitation of layer-2 solutions, according to Arthur Breitman, co-founder of the Tezos blockchain. He communicated with Cointelegraph: […]
Thailand Grants Tax Exemption to Investment Token Holders
To encourage the use of investment tokens for fundraising, Thailand’s government has authorized tax exemptions for holders of such tokens. The Bangkok Post, a local news outlet, reported on March 13 that the Thai cabinet had granted investment token holders tax exemptions. Individuals who earned a profit from holding investment tokens and deducted 15% withholding […]
Nigerian Gov’t Pressures Binance for Data of Top 100 Local Users
The Nigerian government is pressuring Binance to disclose the identities of its top 100 users within the country amid an ongoing assault on the exchange while also seeking a $10 billion fine from Binance. The Financial Times reported on March 13 that Nigerian authorities requested Binance disclose their transaction history for the previous half-year, in […]