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cryptocurrency news

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Bitcoin cryptocurrency
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Business & Lifestyle

Bitcoin falls to lowest level since 2020

NEW YORK (UPI) -- Bitcoin fell once again Thursday as cryptocurrencies suffer from recession concerns. As of 6:45 p.m., Bitcoin was down 9.1%, valued at around $20,500, some of its lowest levels since 2020 and 60% down from its all-time high in November. The cryptocurrency has fallen 20% in the past week amid a broad sell-off in risk assets that have seen the Nasdaq Composite decline 6.1% in the same period. The decline also comes as Terra USD and its […]

todayJune 16, 2022 17

Missouri cryptocurrency
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Financial News

Missouri legislation would shield cryptocurrency from some taxes

JEFFERSON CITY (The Center Square) – Missourians using digital or virtual currencies would be protected from some taxation under a bill introduced in the legislature. House Bill 2672, sponsored by Rep. Phil Christofanelli (R-St. Peters) exempts cryptocurrencies from property tax and securities regulation. The bill defines digital assets in Missouri’s Uniform Commercial Code. It would exempt the sale or use of cryptocurrency from money transmitter licensing requirements. “My goal is to ensure Missouri is open to innovation and opportunity as […]

todayFebruary 24, 2022 49

India Bitcoin cryptocurrency
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Business & Lifestyle

Indian government clarifies legal status of cryptocurrency

NEW DELHI, India -- The issue of cryptocurrency remains a gray area in the eastern Asian nation of India. The nation neither considers it legal nor makes it illegal. A member of the Parliament of India, the nation's finance secretary, and the finance minister recently made clarifications relating to the status of cryptocurrency in India. What is the legal status of cryptocurrency in India? Indian finance minister Nirmala Sitharaman made an announcement nearly two weeks ago to tax income from […]

todayFebruary 13, 2022 31

AMC Theatres
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Business & Lifestyle

AMC confirms plan to accept cryptocurrency payments

Movie chain will accept payments of Bitcoin, Ethereum, Litecoin, and Bitcoin Cash

AMC, the largest movie exhibition company in the U.S., Europe, and the world, has unveiled its plan to accept cryptocurrencies by the end of the year. As of March 31, AMC owned or operated approximately 950 theaters and 10,500 screens globally. AMC CEO Adam Aron tweeted Wednesday: Cryptocurrency enthusiasts: you likely know @AMCTheatres has announced we will accept bitcoin for online ticket and concession payments by year-end 2021. I can confirm today that when we do so, we also expect […]

todaySeptember 17, 2021 5

Business & Lifestyle

Software mogul John McAfee charged with cryptocurrency fraud

NEW YORK (UPI) -- Federal prosecutors have charged antivirus software mogul John McAfee and an adviser with conspiracy to commit fraud, among other crimes, in a scheme involving cryptocurrency investments, authorities said Friday. The founder of the McAfee antivirus software company and associate Jimmy Gale Watson have been charged with conspiracy to commit securities fraud, wire fraud conspiracy, and money laundering conspiracy. Officials said the charges relate to two plots to fraudulently promote cryptocurrencies qualifying under federal law as commodities […]

todayMarch 5, 2021 7

Andrew Yang
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Business & Lifestyle

NYC mayoral candidate Andrew Yang plans to make city a Bitcoin hub

Yang promises to turn NYC into a Bitcoin and crypto hub as mayor

NEW YORK (Bitcoin.com) -- Entrepreneur and former presidential candidate Andrew Yang is running for mayor of New York City. The Democratic primary is on June 22. He ran for U.S. president in the 2020 election before dropping out early last year. Yang tweeted Thursday: “As mayor of NYC – the world’s financial capital – I could invest in making the city a hub for BTC and other cryptocurrencies.” “I am running for mayor because I see a crisis – and I believe […]

todayFebruary 14, 2021 4

Business & Lifestyle

Irish man receives three-year prison sentence, stole $2.5 million in crypto via SIM hacks

DUBLIN, Ireland -- A 21-year-old Irish man is heading to prison for three years on various charges, including cryptocurrency theft. Conor Freeman would receive his sentence in criminal court Tuesday, pleading guilty on various charges, including "guile and deception." This is according to Dublin Circuit Judge Martin Nolan. A report from The Irish Times would reveal that Freeman was found guilty of engaging in the possession of the proceeds of his crime. Additionally, other charges would include theft and dishonest […]

todayNovember 19, 2020 30

Business & Lifestyle

Crypto lender CRED files for bankruptcy

WILMINGTON, Del. -- A leading cryptocurrency lender is requesting bankruptcy protection as a result of some alleged shady dealings. Cryptocurrency lender CRED Inc. filed for Chapter 11 bankruptcy on Saturday before the United States Bankruptcy Court in Delaware. According to its filing, CRED lists estimated assets between $50 million and $100 million. Their current liabilities range from $100 million to $500 million, but the actual figure is not known. Last month, a cryptic email sent to users states some "irregularities" in […]

todayNovember 9, 2020 6

Business & Lifestyle

Proposed legislation in Hawaii would allow banks to serve as cryptocurrency custodians

HONOLULU (Heartland Newsfeed) -- Proposed legislation in Hawaii's state legislature could change the banking system, allowing for the storage and custody of cryptocurrency. Senate Bill 2594 was filed and introduced in the Hawaii Senate with bipartisan support. The legislation would make it legal for banking institutions in the state to hold "digital securities," "virtual currencies," "digital consumer assets" and other "open blockchain tokens" for their customers and allow the court system to hear cases on digital asset claims. Democratic Sens. […]

todayJanuary 23, 2020 6

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