Wire

IRS Seized $3.5 Billion in Crypto This Year, Expects Further Billions

Source Node: https://beincrypto.com/irs-seized-3-5-billion-in-crypto-this-year-expects-further-billions/
Time Stamp: November 19, 2021 6:00 AM - Modified On: November 19, 2021 - Published By:
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Republished By Plato

The United States Internal Revenue Service (IRS) seized cryptocurrency worth $3.5 billion during the fiscal year of 2021.Sponsored Sponsored According to the latest IRS criminal investigation report, this figure represents 93% of assets seized by tax enforcement over the past year. The tax collection agency believes that it could seize further billions in crypto from tax fraud and other crimes over the coming year.Sponsored Sponsored “I expect a trend of crypto seizures to continue as we move forward into fiscal year ‘22,” said IRS Criminal Investigation Chief Jim Lee. “We’re

Bitrefill Lets El Salvadorans Pay All Accounts with BITCOIN

Source Node: https://www.cryptonewsz.com/bitrefill-lets-el-salvadorans-pay-all-accounts-with-bitcoin/
Time Stamp: November 18, 2021 8:30 AM - Modified On: November 18, 2021 - Published By:
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Bitrefill is a well-known business among the Bitcoiners allowing them access to over four thousand gift cards by paying through BTC. Earlier this year, they partnered with Salvadoran startup Hugo App to enable Bitcoin exchange for Hugo’s wide range of goods and services. The ability to pay with bitcoin is on the rise as Bitrefill announced a new service that allows Salvadorans to pay their bills in BTC.  Bitcoin became proper legal tender in El Salvador starting this year on September 7, persuading all companies to accept BTC as a form

Your September Newsletter for All Things BitPay and Crypto

Source Node: https://bitpay.com/blog/welcome-to-the-september-cryptie/
Time Stamp: September 23, 2021 9:26 AM - Modified On: September 23, 2021 - Published By:
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We have another month of crypto news and BitPay happenings, including an exciting new partnership, a product integration and more updates around global crypto adoption. Don’t forget to check out what ‘swap’ means and learn more about BitPay Reload in our product highlight.In This Issue:BitPay in the SpotlightUATP, a global payment network owned and operated by the airlines, has partnered with us to start accepting crypto payments and attract new business. Read the announcement here.Our CEO, Stephen Pair discusses why it’s important for the approach to crypto regulation to go

AirBit Club Ponzi Operators Charged With Fraud and Money Laundering

Source Node: https://cointelegraph.com/news/airbit-club-ponzi-operators-charged-with-fraud-and-money-laundering
Time Stamp: August 19, 2020 5:07 AM - Modified On: May 21, 2021 - Published By:
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The operators of a global cryptocurrency-based Ponzi scheme have been charged with fraud and money laundering following a United States Homeland Security Investigations probe.According to an announcement from the U.S. Department of Justice, four of the five alleged operators of AirBit Club, which allegedly netted tens of millions of dollars from victims, were arrested and due to appear in court on Aug. 18, while the fifth was arrested in Panama and is awaiting extradition to the U.S.The scheme was launched in late 2015 and sold as a multi-level marketing club in

Down to the Wire: Yam Finance Saved at the Last Minute

Source Node: https://cointelegraph.com/news/down-to-the-wire-yam-finance-saved-at-the-last-minute
Time Stamp: August 13, 2020 1:46 AM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

After a tense day, the most talked about new decentralized finance (DeFi) protocol YAM Finance has overcome a near-catastrophic code error. The future of Yam Finance was abruptly thrown into question earlier today when a bug in the protocol’s code resulted in excessive YAM reserves being minted — rendering it “impossible to take any future governance actions.”The project quickly asked for community support, offering rewards to YAM miners and token-holders who were willing to pledge their tokens toward a pool of 160,000 coins to recapture governance over the protocol before the

Photographer’s Payment Debacle Brings Bitcoin’s Anti-Censorship Into Focus

Source Node: https://insidebitcoins.com/news/photographers-payment-debacle-brings-bitcoins-anti-censorship-into-focus/256711
Time Stamp: April 6, 2020 5:08 PM - Modified On: May 21, 2021 - Published By:
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Censorship has always been one of the biggest problems, and circumventing; it has been one of Bitcoin’s most significant alluring properties. The latest in such occurrences is that of Ben Taylor, a photographer who was recently banned for life from Western Union as a result of his activities in Africa.“No Explanations. Just Leave” In a recent YouTube video, the photographer, better known as Pleasant Green, explained that he established a photography business in Africa as a means of doing some charity work. The business is based in Liberia, and he’s been wiring money