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The court drama has finally come to an end with Magistrate Bruce Reinhart recommending that Wright must pay 5 billion dollars to Kleiman’s estate as well as give up half of his intellectual property held before December 31, 2013. Details of the case have not been published for the public
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Bitcoin (BTC) prices could face fresh volatility after Craig Wright was ordered to pay 500,000 BTC to the brother of Dave Kleiman, his late business partner.The payout — worth more than $5 billion at the time of writing — could attract an estate tax rate of 40%, which Kleiman's estate
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Many investors who wanted to jump on the cryptocurrency wagon had thought that they found the perfect opportunity for that in the crypto investment scheme OneCoin. Unfortunately, OnecCoin turned out to be nothing more than a scam.In this in-depth article, we will review everything about the OneCoin crypto Ponzi scheme.Cryptocurrency
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The U.S. Internal Revenue Service (IRS) has again sent out compliance letters to investors of virtual currencies such as Bitcoin, whose tax return information did not match data reported to the IRS by third parties such as employers and banks.The CP 2000 notice letters will give individual investors detailed information
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According to a news published by The Business Times on August 26, 2019, a new report by Arcane Research shows that the real Bitcoin dominance is more around 90 percent rather than the 70 percent mark, as indicated on CoinMarketCap. Why it Matters Bitcoin is the world’s largest cryptocurrency by market capitalization and commands a large
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Photo: CoinFLEX / MediumCoinFlex, a Roger Ver-backed crypto exchange which was launched earlier this year on February, claims to be the first exchange in the world which offers to close futures contracts in Bitcoin to a cash settlement. Their main target is the Asian retail investors to offer them
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Algo Capital has raised $200 million — twice its original $100 million goal — for its Algo VC fund. According to a press release shared with CryptoX on Aug. 27, the new fund will focus on investments in businesses that will help build infrastructure for the Algorand blockchain — an
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The latest hearing in a multi-billion-dollar lawsuit resulted in Judge Bruce Reinhart recommending 50 percent of Wright’s BTC holdings mined prior to December 31, 2013, be awarded to the estate of Dave Kleiman.Few weeks ago we wrote of how a Florida federal judge had denied self-proclaimed Bitcoin inventor Craig Wright’s
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Recently, Congresswoman Maxine Waters, the chair of the US House Financial Services Committee visited Switzerland to learn more about Facebook’s Libra crypto project. Facebook has incorporated Libra in the crypto-friendly jurisdiction of Switzerland like many other blockchain-based firms and said that Libra will be issued and managed by the Geneva,
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