Howard Lutnick, a well-known Bitcoin supporter and former CEO of financial services firm Cantor Fitzgerald, has been confirmed as the new US Secretary of Commerce by the Senate with a 51-45 vote on February 18. Lutnick’s appointment puts a strong pro-Bitcoin voice in Washington. He’s been a Bitcoin and stablecoin supporter for years and believes
A British man was jailed for nearly five months after failing to disclose his Bitcoin holdings during a legal dispute with another cryptocurrency trader. Graham Darby, 50, was sentenced to 18 months in prison for contempt of court but was released after serving 146 days and apologizing, according to Wales Online. The case stemmed from
With Italy likely raising rates by 50%, it may be helpful to see which countries offer the best and worst tax rates on cryptocurrencies. Source link
Twitch on Wednesday announced it will begin limiting streamers to 100 hours of highlights and uploads, and will delete content if a channel exceeds the limit. The company said it’s introducing the change because highlights haven’t been effective in driving discovery or engagement, and because storage is costly. The storage cap goes into effect on
Thirty-two-year-old Ho Kai Xin pleaded guilty to stealing $5.7 million worth of cryptocurrencies from the Bybit crypto exchange. For this fraud, she will face 9 years and 11 months of jail imprisonment. Summary Ho Kai Xin was found guilty of stealing $5.7 million from the Bybit exchange. Ho labelled these transactions as a company payment.
Key Takeaways The SEC has created the Cyber and Emerging Technologies Unit led by Laura D’Allaird to combat cyber-related misconduct. CETU will focus on fraud involving AI, social media, dark web, and blockchain technology to protect retail investors. Share this article The US SEC established on Thursday the Cyber and Emerging Technologies Unit (CETU) to
Illuvium has announced a significant restructuring effort, aiming to cut costs and adjust its development focus to an MMO lite model. The company is reducing its monthly spending to $500,000 by March, with cost-cutting measures that include salary reductions, operational adjustments, and team layoffs. Some employees have been given the option to receive payments in
World Liberty Financial set lofty goals for the ICO of its Donald Trump-endorsed token, WLFI. It isn’t even 10% of the way there. Source link
What Are Employee Benefits Employee benefits are non-wage compensations you provide to your employees alongside their regular salaries or wages. These perks are designed to support their well-being, boost job satisfaction, and position your company as a desirable workplace. Benefits can be mandatory, as required by law, or voluntary, offered by you to gain a
Japanese investment firm Metaplanet Inc. has expanded its bitcoin holdings to 2,100 BTC (worth approximately $203 million) after purchasing an additional 68.59 BTC ($6.6 million), reaffirming its commitment to cryptocurrency as a core treasury asset. Metaplanet’s Bitcoin Reserves Hit 2,100 BTC Amid Aggressive Acquisition Strategy Metaplanet disclosed the latest acquisition, executed at an average price