Lithuania Rakes in 6.4 Million Euros From Selling Seized Cryptocurrencies

Lithuania Rakes in 6.4 Million Euros From Selling Seized Cryptocurrencies

Lithuania’s tax authority has sold the cryptocurrencies it previously seized for 6.4 million euros (approximately $7.6 million). The three cryptocurrencies confiscated were bitcoin, ether, and monero. This was the first time the tax authority sold seized cryptocurrencies. Lithuania Sold Seized Cryptocurrencies The State Tax Inspectorate (STI) under the Ministry of Finance of the Republic of Lithuania announced Tuesday that it has sold the cryptocurrencies it confiscated in February and transferred 6.4 million euros to the…

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Major Australian Investment Firm Moves From Negative-Yielding Assets Like Gold to Bitcoin

Major Australian Investment Firm Moves From Negative-Yielding Assets Like Gold to Bitcoin

A billion-dollar Australian investment management firm has gotten into bitcoin, citing that the cryptocurrency is superior to gold. Many of the firm’s clients have been asking about investing in bitcoin. “We have been positioning in gold for our clients for many many years now. Now we’re doing it with bitcoin,” said an executive of the firm. Bitcoin ‘Entering the Realm of the Mainstream’ Australian investment management company Pendal Group has started investing in bitcoin through…

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CFTC’s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading

CFTC’s New Rules Cause Coinbase to Stop Offering Crypto Margin Trading

Cryptocurrency exchange Coinbase is disabling its margin trading product in order to comply with the new rules set by the Commodity Futures Trading Commission (CFTC). CFTC’s Rules Affecting Margin Trading Offerings Coinbase’s chief legal officer, Paul Grewal, explained in a blog post on Tuesday: In response to new guidance from the Commodity Futures Trading Commission, we are disabling our margin trading product. Starting on Wednesday, Nov. 25 at 2 p.m. PT, customers currently using Coinbase’s…

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Bitcoin vs. Gold: Will Crypto Investors Choose Crypto Over Gold?

Bitcoin vs. Gold: Will Crypto Investors Choose Crypto Over Gold?

Gold has traditionally been one of the most popular assets among investors. There are various qualities that make gold a good store of value, such as scarcity, durability, tangibility, and value that is independent of other assets. Institutional investors can also invest in gold-backed financial assets such as ETFs and stocks. However, over the past decade, Bitcoin has gained traction for many of the same reasons. Though Bitcoin has not eclipsed gold entirely, this fall…

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Algorithmic Bitcoin and Ethereum Social Attention List Ranks Influencers With Math

Algorithmic Bitcoin and Ethereum Social Attention List Ranks Influencers With Math

On November 19, Hive.one, a project that maps the community clusters of Bitcoin and Ethereum social status using mathematics, announced the launch of a new algorithm version. Since the last time Hive.one published a list, social influencer scores and ranks changed and the creators believe the new scores “better reflect reality.” Just recently Hive.one announced the launch of the project’s new algorithm (v 2.0) and said it was the “biggest change to the algorithm yet.”…

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John Lennon’s Son Says Bitcoin Empowers People, Gives Him Optimism in Ocean of Destruction

John Lennon’s Son Says Bitcoin Empowers People, Gives Him Optimism in Ocean of Destruction

Sean Ono Lennon, the son of the Beatles’ John Lennon, says bitcoin gives him optimism amid the “ocean of destruction” this year. He believes that the cryptocurrency empowers individuals the way they have never been empowered before. Bitcoin Gives Sean Lennon Optimism Sean Ono Lennon is the son of the Beatles’ lead vocalist, John Lennon, and Japanese singer Yoko Ono. Sean talked about bitcoin with Max Keiser and Stacy Herbert on the Orange Pill podcast…

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Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAI

Hackers Paradise: Yet Another Defi Protocol Exploited for Nearly $20 Million in DAI

Decentralized finance (defi) protocol Pickle Finance was hacked for $19.7 million of the stablecoin DAI over the weekend, as the defi industry appears to be turning into a hackers paradise. Pickle’s native token (PICKLE) plunged 62% on the news, falling from $23.27 to $8.70 when the hack was first reported on Nov. 21. At the time of writing, the token has since rebound 29% in 24 hours to $18.51, according to Coingecko data. This is…

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