Category: Bitcoin
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First criminal crypto tax evader in US sentenced to two years in prison
Quick Take An Austin, Texas, man received a two-year sentence for falsely underreporting capital gains earned from selling $3.7 million in bitcoin β marking the first criminal tax evasion prosecution centered entirely on cryptocurrency. The false tax returns were filed by Frank Richard Ahlgren III between 2017 and 2019. They did not report or underreported…
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π³π¬ Almost 800 arrested over Nigerian crypto-romance scam
Nigeria’s anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of romance, then pressed them to hand over cash for phoney cryptocurrency investments. The suspects, including 148 Chinese and 40 Filipino nationals, were detained on Dec. 10 at…
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Special Report: The Future of Technology Innovation in AfricaβA Focus on Kenya
As the world races to adapt to the rapidly evolving digital economy, Africa stands at a crossroads, with technological innovation emerging as a crucial avenue for solving pressing challenges, including job creation. In East Africa, Kenya has positioned itself as a leader, particularly in its capital, Nairobi, which is rapidly becoming the region’s tech hub.…
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XRP, DOGE Lead Crypto Losses as Weekend Pullback in Bitcoin Causes $500M Liquidations
BTC dropped more than 3.5% from its peak, as profit-taking led to a pullback from the near $100,000 mark late Friday. What to know: Bitcoin (BTC) pared last weekβs gains with a price drop from $98,500 to as low as $95,500 during late U.S. hours on Sunday, before recovering, in a move that sent the…
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