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The company continues to buy Bitcoin amid the recent economic downturn that has negatively impacted markets and left investors uncertain. Strategy co-founder Michael Saylor has signaled that the company plans to acquire more Bitcoin (BTC) following a nearly two-week pause in purchases. The company’s most recent acquisition of 22,048 Bitcoin on March 31 brought its…
The trader sold 62 CryptoPunk NFTs in 2021, earning approximately $7.4 million in profit, followed by the sale of 35 more in 2022 for an additional $4.9 million. A non-fungible token (NFT) trader could face up to six years in prison after pleading guilty to underreporting nearly $13 million in profits from trading CryptoPunks, according…
The Social Security Administration (SSA) has explicitly stated that rumors of a 50% or more reduction of its workforce are false. The US Social Security Administration (SSA) will move all public communications to the X social media platform amid sweeping workforce cuts recommended by the Department of Government Efficiency (DOGE), led by X owner Elon…
The bill has yet to pass in the US Senate but comes as Bitcoin miners are increasingly foraying into servicing AI models. Draft legislation in the US Senate threatens to hit data centers serving blockchain networks and artificial intelligence models with fees if they exceed federal emissions targets, according to an April 11 Bloomberg report. …
Bitcoin expands its footprint in education systems worldwide through curriculum integrations and institutions establishing BTC treasuries. The Lomond School in Scotland will accept Bitcoin (BTC) tuition payments beginning in the Autumn semester of 2025, making it the first school in the United Kingdom to do so. Accepting Bitcoin is part of the school’s plan to…
The bill seeks to legalize cryptocurrency payments using Bitcoin, Ethereum, Litecoin and Bitcoin Cash, but may mandate an an additional state “service fee” for these transactions. A New York lawmaker has introduced legislation that would allow state agencies to accept cryptocurrency payments, signaling growing political momentum for digital asset integration in public services. Assembly Bill…
The MP proposed a “budget-neutral” Bitcoin reserve to the finance minister, inspired by US President Donald Trump’s March 7 executive order. A member of Sweden’s parliament has proposed adding Bitcoin to the country’s national foreign exchange reserves, suggesting increased openness to cryptocurrency adoption in Europe following recent moves by the United States. Swedish MP Rickard…
US authorities allege the Nate app was not powered by artificial intelligence but actually overseas human workers who manually processed transactions. US authorities have charged a tech app founder with fraud, alleging that his advertised artificial intelligence-powered e-commerce app actually relied on human workers in the Philippines. Albert Saniger of Barcelona, Spain, founder and former…
Hashlabs CEO Jaran Mellerud says US crypto miners could rush to buy mining rigs amid Donald Trump’s 90-day tariff pause but baseline levies will leave them at a disadvantage. US Bitcoin mining firms will try to capitalize on the Trump administration’s recent tariff pause by stocking up on mining rigs, but the baseline 10% tariffs…
The SEC’s Division of Corporation Finance has given nonbinding guidance on how federal securities laws could apply to crypto and how industry players should make disclosures. US Securities and Exchange Commission staff have given guidance on how federal securities laws could apply to crypto, saying companies issuing or dealing with tokens that could be securities…