DIGIT INFO – Page 1833 – Cryptocurrency News

Nifty News: The Sandbox hosts its first wedding, Hollywood actor auctions photo of eye as NFT and more

Palm Beach gets its own NFT restaurant offering a range of benefits for members, while the PGA partners with Tom Brady-backed NFT platform Autograph.

Go to Source

US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison

The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the Bitconnect crypto Ponzi scheme.

The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, all of which will now be “repaid to investors in restitution or forfeited to the government,” the Department […]

Go to Source

Yield Guild Games: Web3 gaming adoption needs a local touch

YGG’s head of ecosystem development described subDAOs as “sort of its own economy, that has its own treasury and its own token” with its own characteristics depending on the country it’s located in.

Go to Source

SEC lawsuit claims jurisdiction as ETH nodes are ‘clustered’ in the US

The SEC argues that as ETH validators are concentrated more densely in the United States, ETH transactions are seen as taking place in the country.

Go to Source

SEC Orders Crypto Firm to Pay Harmed Investors $35 Million — Charges Influencer Ian Balina

SEC Orders Unregistered Crypto Firm to Pay $35 Million to 'Harmed Investor Fund' — Charges Influencer Ian Balina

The U.S. Securities and Exchange Commission (SEC) has ordered crypto firm Sparkster and its CEO to pay $35 million into a fund for distribution to harmed investors. The securities regulator also charged crypto influencer Ian Balina for promoting crypto tokens without disclosing compensation received. SEC’s Cease-and-Desist Order Against Unregistered Crypto Firm The U.S. Securities and […]

Go to Source

Biden Slammed After Stating Inflation Hasn’t Spiked for Months — ‘I Am More Optimistic Than I’ve Been in a Long Time’

Biden Slammed After Insisting Inflation Hasn't Spiked for Months — Says 'I Am More Optimistic Than I've Been in a Long Time'

U.S. President Joe Biden has shared his perspective on inflation. “I am more optimistic than I’ve been in a long time,” he said, noting that inflation has not spiked for several months. Many people disagree with Biden, with one saying that “families are poorer than when he took office.” US President Joe Biden’s Views on […]

Go to Source

P2E gamers, minors not any safer from the tax man, says Koinly

Earning an income from play-to-earns is “complicated” without tax guidance, advises Australian crypto tax specialists.

Go to Source

The market isn’t surging anytime soon — so get used to dark times

Global economic conditions suggest that markets — including the cryptocurrency market — have further downside ahead. Don’t bank on a surge to new all-time highs in the months ahead.

Go to Source

Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD

The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October […]

Go to Source

CFTC commissioner visits Ripple offices as decision in SEC case looms

The outcome of the SEC v. Ripple lawsuit could influence whether the CFTC or SEC will play a greater role in handling the XRP token as a commodity or security.

Go to Source