Cryptocurrency Analysis and News Portal
In an important precedent, a New York State Supreme Court judge in Yates County ruled in favor of cryptocurrency mining firm Greenidge Generation, dismissing a petition filed by a coalition of environmental activists. According to an April 7 press release by Greenidge, Judge Daniel Doyle dismissed a petition against the Greenidge
Read More
Judge Daniel J. Doyle ruled Greenidge's project "would not impact the air or water of Seneca Lake," in dismissing a stop petition filed by The Sierra Club and the Seneca Lake Guardian. Source
Read More
The crypto tax law enforces a 30% tax on profits from crypto transactions, effective April 1. Traders will not be able to set off losses from other crypto transactions. Crypto gifts within a family would be exempt, but gifts above Rs. 50,000 ($660) outside the family would be taxable once
Read More
Italy’s second-largest bank UniCredit and the Bitcoin (BTC) mining farm Bitminer Factory have faced each other in the Bosnian city Banja Luka court, which decided that the bank improperly closed the company’s account and must compensate €131 million (about $144 million) to the plaintiff. As reported in La Repubblica on March
Read More
Ajay Bhardwaj, the brother of Amit Bhardwaj, the deceased primary suspect in a scam that netted 80,000 stolen bitcoins (valued at approximately Rs 20,000 crores, or $3.8 billion), has been asked to give the details to India's Enforcement Directorate.Mar 28, 2022 at 10:44 a.m. UTCSupreme Court of India
Read More
A U.K. court has dismissed a case against Bitcoin developers by Craig Wright.The court says that Tulip Trading Limited has not established a serious issue to be tried on the merits of the claim.Wright and TTL could still appeal against the decision. Craig Wright’s case against Bitcoin developers may have been
Read More
Earlier this year, Indian Finance Minister Nirmala Sitharaman had announced a 30% capital gains tax on crypto, a 1% tax deducted at source (TDS), no offsetting of losses, and taxes on gifts too. There were some expectations that the government could look at easing some of the burden on crypto
Read More
The Australian Competition and Consumer Commission (ACCC) is taking Meta Platforms, Inc. (formerly Facebook) to the Federal Court, alleging that the firm and its Irish branch engaged in “false, misleading or deceptive conduct” by publishing scam celebrity crypto ads.Some users have lost hundreds of thousands of dollars to the sophisticated
Read More
In a letter to District Judge Kevin Castel of the Southern District of New York, Buterin detailed his seven-year friendship with Griffith, who he met in 2013 and began collaborating with on research in 2016. In 2018, Griffith formally joined Ethereum as a developer after Buterin said he “convinced him
Read More
The ruling paves the way for violators to be criminally prosecuted with a punishment of up to ten years in prison and fines of up to $79,000. Source
Read More