Bitcoin’s Inflation continues until it hits 1B wallets: Scaramucci
Before Bitcoin can function as an inflation hedge, according to the CEO of Skybridge Capital, it has to be much more widely used. Although Bitcoin remains a desirable asset, according to Anthony Scaramucci, CEO of Skybridge Capital, it has not yet attained the “wallet bandwidth” necessary to qualify as an inflation hedge. The CEO of […]
South Korea Considers a Gift Tax on Crypto Airdrops
Due to a lack of legal framework and investor protection safeguards, South Korea has repeatedly delayed the implementation of its cryptocurrency Gift Tax. Despite the suspension of the cryptocurrency gains fee until 2025, the South Korean Ministry of Strategy and Finance said on Monday that hard forked tokens, staking incentives, and airdrops of virtual assets […]
SlowMist claims 75% of laundered ETH goes to Tornado Cash
Tornado Cash has become a well-liked medium for money laundering as a result of the rapidly rising occurrences throughout Ethereum and BSC. With an upward trend and rapidly rising events on Ethereum and the Binance Smart Chain, Tornado Cash has become a well-liked platform for money laundering. A significant chunk of the illicit earnings has […]
Bitcoin Makes a Failed Effort to break into $22K but to no Effect
The prediction of the price of bitcoin for August 22, 2022, is gloomy for the largest cryptocurrency in the world as it seems likely that the trend will continue to be downward. Regardless of the recent market rebound for Bitcoin, the situation has not changed, and it seems that a significant increase in capital intake […]
Ronin Hackers Moves Stolen $625M to the Bitcoin Network
According to recent discoveries by blockchain researcher and developer liteZero, the Ronin hackers moved the stolen funds from the Ethereum network to the Bitcoin network. To transfer the money to the bitcoin blockchain, the Ronin hackers exploited Ren Protocol and a number of controlled crypto exchanges. Remember how the hackers transferred $625 million worth of […]