The Bitcoin Halving Is Here, and With It a Giant Surge in Transaction Fees
Soccer has the World Cup. Athletics and many other sports have the Olympics. Crypto has the halving. The milestone in the blockchain’s 15-year history technically means a cut in rewards for crypto miners with each block – a feature designed to minimize inflation.Source
Indian Man Pleads Guilty to Creating Spoofed Coinbase Website, Stealing $9.5M in Crypto
According to court documents, Chirag Tomar used his ill-gotten gains to buy Rolexes, Lamborghinis, Porches and more.Source
Bitcoin Whales Bought $1.2B BTC Amid the Price Dip, Fueling the Quick Rebound
Large bitcoin investors substantially increased their holdings as prices dipped below $60,000 in early Friday’s panicky action on the crypto markets ahead of the asset’s much-anticipated halving event.Source
IRS Unveils Form Your Broker May Send Next Year to Report Your Crypto Moves
The U.S. Internal Revenue Services (IRS) has previewed what crypto investors’ future tax form might look like when it finishes its much-debated rule on how cryptocurrency transactions should be reported to the federal government.Source
Bitcoin Dips Below $60K as Israel Launches Strike on Iran
Iran’s first strike on Israel pushed down crypto and risk assets, while leading to a spike in gold.Source
Chia Network Makes Progress Toward an IPO, CEO Says
The cryptocurrency company founded by BitTorrent’s inventor saw its IPO plans derailed last year by financial woes at its banker, Credit Suisse.Source
Avail Confirms Token Airdrop Plans, a Week After Leaked Screenshots
Avail shared in a blog post that 354,605 wallet addresses are eligible to claim the 600 million tokens in their “unification drop.”Source