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February 2022

DoJ Seizes .6B In Bitcoin From Bitfinex Hack

DoJ Seizes $3.6B In Bitcoin From Bitfinex Hack

The US Department of Justice has arrested two individuals that were allegedly connected to the Bitfinex hack and seized a record sum of over 94,000 BTC.   Lisa Monaco strikes again Ilya Lichtenstein and his wife Heather Morgan were arrested on Tuesday morning and charged with conspiracy to commit money laundering and conspiracy to defraud […]

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Russian government and central bank agree to treat Bitcoin as currency

Russian government and central bank agree to treat Bitcoin as currency

Cryptocurrency transactions of more than 600,000 rubles (roughly $8,000) will have to be declared; otherwise, it could be considered a criminal act. The government and central bank in Russia have reached an agreement on how to regulate cryptocurrencies, according to a Tuesday announcement. Russia’s government and central bank are now working on a draft law that

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PayPal Forms Crypto Advisory Council

PayPal Forms Crypto Advisory Council

The six members will help the company create a digital financial system. PayPal has formed an advisory council to support crypto-related products and help guide the company on creating a digital financial system, Jose Fernandez da Ponte, a senior vice president for blockchain, crypto and digital currencies at PayPal, said. The six members include the following:

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LINE to Offer BTC, ETH for Payment Options and Introduce token in March

LINE to Offer BTC, ETH for Payment Options and Introduce token in March

Messenger app LINE is considering adding cryptocurrencies to its payment options and officially launching its native LINK token (LN) in March. Per its announcement, users can use “the LINK at some LINE Pay online merchants during a trial period from March to December 2022 in Japan.” Although users can choose both LN for payment on the Line

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FIAT FUNDRAISING FIASCO SPARKS BITCOIN DONATION DRIVE FOR FREEDOM TRUCKERS

FIAT FUNDRAISING FIASCO SPARKS BITCOIN DONATION DRIVE FOR FREEDOM TRUCKERS

Bitcoiners raised more than twelve bitcoin, worth over $543,000 for Canadian freedom truckers since GoFundMe suspended their campaign. It’s been almost two weeks since the first trucks arrived in Canada’s capital of Ottawa, setting off what has turned into a global celebration, a freedom rally, nonviolent resistance or a “nationwide insurrection,” depending on your point

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Oil giant BP reports highest profit in 8 years on soaring commodity prices

Oil giant BP reports highest profit in 8 years on soaring commodity prices

KEY POINTS “It has been another good quarter for the company,” BP CEO Bernard Looney told CNBC’s “Squawk Box Europe” on Tuesday. A surge in global gas markets through the final months of 2021, coupled with an oil price rally to seven-year highs, has seen the world’s largest fossil fuel giants rake in bumper revenues.

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Kpop NFTs: Binance and YG partnership will prioritize sustainability

Kpop NFTs: Binance and YG partnership will prioritize sustainability

The two companies said that creating eco-friendly NFTs will be one of the primary concerns for future collabs. A new partnership between global crypto exchange Binance and South Korean entertainment company YG will see the two companies strive for a more sustainable framework for future NFTs collaborations. YG manages a number of notable Kpop stars

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Crypto Lobbying in the US Jumped 116% in 12 Months With .56 Million Spent in 2021

Crypto Lobbying in the US Jumped 116% in 12 Months With $9.56 Million Spent in 2021

Cryptocurrency and blockchain firms are concerned about the future legislation revolving around the cryptocurrency industry and money spent on lobbying cemented this fact. A recently published study indicates that money spent on crypto lobbying jumped 116% in 12 months with $9.56 million leveraged to seek to influence from politicians and public officials. Millions of Dollars

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NASDAQ WILL LIST VALKYRIE’S BITCOIN MINING ETF ON FEB. 8

NASDAQ WILL LIST VALKYRIE’S BITCOIN MINING ETF ON FEB. 8

The bitcoin mining exchange-traded fund will go live on Tuesday under the ticker symbol “WGMI.” A new bitcoin-linked ETF is just around the corner as the Valkyrie Bitcoin Miners ETF received approval for listing on the Nasdaq exchange, according to a Monday filing with the Securities and Exchange Commission. Valkyrie CEO Leah Wald said “an increased focus and desire

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Crypto Payments Firm Wirex Expands to US, Begins Distributing Crypto-Linked Visa Debit Card

Crypto Payments Firm Wirex Expands to US, Begins Distributing Crypto-Linked Visa Debit Card

Wirex currently has over 4.5 million customers across the European and Asia-Pacific regions. U.S.-based users of Wirex will be able to use the company’s app to buy, store and exchange 37 different cryptocurrencies, as well as traditional currencies. The service is available to all states except New York and Hawaii, which is coming later this year, according

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