Michael Saylor to Pay $40 Million in Tax Evasion Case
π MicroStrategy founder Michael Saylor has agreed to settle a case with the District of Columbia. As part of the agreement, Saylor will pay $40 million.
βοΈ In 2022, the District of Columbia sued Saylor and his company, alleging that the company executive had not paid income taxes for more than 10 years.
Specifically, Saylor evaded taxes amounting to $25 million. π§
π MicroStrategy founder Michael Saylor has agreed to settle a case with the District of Columbia. As part of the agreement, Saylor will pay $40 million.
βοΈ In 2022, the District of Columbia sued Saylor and his company, alleging that the company executive had not paid income taxes for more than 10 years.
Specifically, Saylor evaded taxes amounting to $25 million. π§
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Bitcoin Enthusiasts Are βNot Psychopathsβ! π
π¨π¦ A forthcoming study of 500 Canadian Bitcoin investors found them to be financially literate and emotionally stable. Conducted by behavioral scientist Stefano Di Domenico from the University of Toronto, the study challenges the stereotype of immature βcrypto bros.β
π The findings reveal that Bitcoiners are intellectually π€ curious, emotionally stable, and value personal growth and community over material possessions. They also score higher in financial literacy compared to the general population.
πDi Domenico presented these insights at the Canadian Bitcoin Conference and emphasized that despite tabloid claims, Bitcoiners are not psychopaths π. The study contrasts sharply with a previous high-profile study labeling Bitcoin investors as narcissistic and psychopathic.
Are you an emotionally stable person?
βͺοΈYes - π
βͺοΈWhat is the stability in the crypto, I'm still that psycho - π
π¨π¦ A forthcoming study of 500 Canadian Bitcoin investors found them to be financially literate and emotionally stable. Conducted by behavioral scientist Stefano Di Domenico from the University of Toronto, the study challenges the stereotype of immature βcrypto bros.β
π The findings reveal that Bitcoiners are intellectually π€ curious, emotionally stable, and value personal growth and community over material possessions. They also score higher in financial literacy compared to the general population.
πDi Domenico presented these insights at the Canadian Bitcoin Conference and emphasized that despite tabloid claims, Bitcoiners are not psychopaths π. The study contrasts sharply with a previous high-profile study labeling Bitcoin investors as narcissistic and psychopathic.
Are you an emotionally stable person?
βͺοΈYes - π
βͺοΈWhat is the stability in the crypto, I'm still that psycho - π
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The Share of Crypto Investors Worldwide Has Grown to 6.8%. γ
€
π The number of crypto investors worldwide increased from 420 million to 562 million people in 2024, according to a report by experts at Triple-A. This is 6.8% of the world's population.
Among countries, the leaders are the UAE (25.3%), Singapore (24.4%), and Turkey (19.3%).
Is mass adoption just around the corner? π§
π The number of crypto investors worldwide increased from 420 million to 562 million people in 2024, according to a report by experts at Triple-A. This is 6.8% of the world's population.
Among countries, the leaders are the UAE (25.3%), Singapore (24.4%), and Turkey (19.3%).
Is mass adoption just around the corner? π§
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The head of Aptos Labs became a member of the subcommittee on digital assets at the CFTC
π Mo Sheikh, co-founder and CEO of Aptos Labs, has been appointed as a member of the US Commodity Futures Trading Commission's (CFTC) Digital Assets Subcommittee.
This subcommittee is part of the larger Global Markets Committee and includes industry representatives from companies such as BlackRock, BNY Mellon and Uniswap Labs.
The subcommittee advises the CFTC on international trade and business regulation. π
π Mo Sheikh, co-founder and CEO of Aptos Labs, has been appointed as a member of the US Commodity Futures Trading Commission's (CFTC) Digital Assets Subcommittee.
This subcommittee is part of the larger Global Markets Committee and includes industry representatives from companies such as BlackRock, BNY Mellon and Uniswap Labs.
The subcommittee advises the CFTC on international trade and business regulation. π
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OKX user lost over $2 million due to AI
According to WuBlockchain, the attackers obtained all the user's personal information through Telegram. Using this data, the attackers gained access to his email and initiated a password reset. π
π They then used the synthesized video to change his phone number, email address and Google Authenticator settings. This sophisticated method allowed the attackers to withdraw funds from the account within 24 hours. π΅
π¨ The incident highlights the growing threat of artificial intelligence-related cybercrime in the cryptocurrency sector.
According to WuBlockchain, the attackers obtained all the user's personal information through Telegram. Using this data, the attackers gained access to his email and initiated a password reset. π
π They then used the synthesized video to change his phone number, email address and Google Authenticator settings. This sophisticated method allowed the attackers to withdraw funds from the account within 24 hours. π΅
π¨ The incident highlights the growing threat of artificial intelligence-related cybercrime in the cryptocurrency sector.
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Technical failure at the NYSE
π An unexpected technical failure occurred on the NYSE, which led to a sharp drop in the shares of some companies. In particular, shares of Berkshire Hathaway fell by 99.9%. π This was due to a malfunction in the application processing system, which led to the incorrect determination of share prices.
π€· Trading was temporarily suspended for some stocks while the exchange investigated the cause of the outage. Experts believe that this may be due to changes in the software or insufficient scalability of the system.
And they say crypto trading is unreliable... π€
π An unexpected technical failure occurred on the NYSE, which led to a sharp drop in the shares of some companies. In particular, shares of Berkshire Hathaway fell by 99.9%. π This was due to a malfunction in the application processing system, which led to the incorrect determination of share prices.
π€· Trading was temporarily suspended for some stocks while the exchange investigated the cause of the outage. Experts believe that this may be due to changes in the software or insufficient scalability of the system.
And they say crypto trading is unreliable... π€
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Binance implements stablecoin restrictions in Europe
π From June 30, 2024, new rules for stablecoins in the territory of the European Economic Area (EEA) come into force. Stablecoin operators must obtain a license from a competent authority of an EU member state. They are also required to provide full disclosure to clients, present a public business model, establish an effective governance system and register with the EBA.
π« Binance warns that the restrictions will apply to "unregulated stablecoins". The exchange plans to gradually change access to these assets, allowing European users to switch to regulated "stable coins".
π From June 30, European clients will only be able to sell "unregulated stablecoins", the purchase of these assets will be stopped. The restriction will also affect the copy trading service and participation in Launchpad, Launchpool, Simple Earn and other services.
The statement does not specify which "stable coins" are in question. π§
π From June 30, 2024, new rules for stablecoins in the territory of the European Economic Area (EEA) come into force. Stablecoin operators must obtain a license from a competent authority of an EU member state. They are also required to provide full disclosure to clients, present a public business model, establish an effective governance system and register with the EBA.
π« Binance warns that the restrictions will apply to "unregulated stablecoins". The exchange plans to gradually change access to these assets, allowing European users to switch to regulated "stable coins".
π From June 30, European clients will only be able to sell "unregulated stablecoins", the purchase of these assets will be stopped. The restriction will also affect the copy trading service and participation in Launchpad, Launchpool, Simple Earn and other services.
The statement does not specify which "stable coins" are in question. π§
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Binance User Loses $1 Million Due to Chrome Plugin
π§βπ» A hacker gained control of a Chinese trader's account on Binance without having the password and without 2FA confirmation π. After a series of transactions, the attacker withdrew assets worth $1 million.
π During the process, the investor did not receive any notifications from the security service, according to his statement.
Involved experts determined that the hacker intercepted the userβs session through a malicious Chrome browser plugin called AggrTrade using cookies. π§
π« The team from the original AggrTrade platform warned about the fraudulent extension using its brand after the incident. According to them, the scam has been targeting exchanges like Bitget, Kraken, Binance, and others since 2022.
π§βπ» A hacker gained control of a Chinese trader's account on Binance without having the password and without 2FA confirmation π. After a series of transactions, the attacker withdrew assets worth $1 million.
π During the process, the investor did not receive any notifications from the security service, according to his statement.
Involved experts determined that the hacker intercepted the userβs session through a malicious Chrome browser plugin called AggrTrade using cookies. π§
π« The team from the original AggrTrade platform warned about the fraudulent extension using its brand after the incident. According to them, the scam has been targeting exchanges like Bitget, Kraken, Binance, and others since 2022.
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Deepfake of Elon Musk βGiving Awayβ Bitcoins on YouTube
A graphic designer for Dogecoin, known as DogeDesigner, discovered a live stream on YouTube featuring a deepfake of Tesla and SpaceX CEO Elon Musk promoting a cryptocurrency scam.
π In the edited video titled "Tesla Unveils Masterpiece: Tesla That Will Change the Auto Industry Forever," the topic takes a sudden turn about two-thirds of the way through.
The fake Musk offers users to scan a QR code on the screen, which leads them to a giveaway website. He encourages them to do this during the so-called "live stream." π§
- says the fake entrepreneur. π
Interestingly, the scam channel even has nearly 15,000 subscribers.π€
A graphic designer for Dogecoin, known as DogeDesigner, discovered a live stream on YouTube featuring a deepfake of Tesla and SpaceX CEO Elon Musk promoting a cryptocurrency scam.
π In the edited video titled "Tesla Unveils Masterpiece: Tesla That Will Change the Auto Industry Forever," the topic takes a sudden turn about two-thirds of the way through.
The fake Musk offers users to scan a QR code on the screen, which leads them to a giveaway website. He encourages them to do this during the so-called "live stream." π§
"On the website, you can deposit any amount of Bitcoin, Ethereum, and Dogecoin without any registration. Once you do, you will receive double the amount of the deposited cryptocurrency,"
- says the fake entrepreneur. π
Interestingly, the scam channel even has nearly 15,000 subscribers.π€
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Top Media Company Executive Accused of $67 Million Cryptocurrency Fraud
βοΈ Bill Guan, CFO of Epoch Times, has been accused by the U.S. Treasury of laundering $67 million through cryptocurrencies.
π From 2020 to May 2024, Guan allegedly formed a team called Make Money Online to buy illicit funds at a 20-30% discount using crypto and transfer them to prepaid debit cards. The team also used stolen personal data to open bank accounts and crypto wallets.
π During this period, Epoch Times' annual revenue reportedly soared from $15 million to $62 million. Guan claimed the funds were donations when questioned by banks. π¦
If convicted, Guan faces up to 80 years in prison for conspiracy to launder money and bank fraud. The case is now in court. π§
βοΈ Bill Guan, CFO of Epoch Times, has been accused by the U.S. Treasury of laundering $67 million through cryptocurrencies.
π From 2020 to May 2024, Guan allegedly formed a team called Make Money Online to buy illicit funds at a 20-30% discount using crypto and transfer them to prepaid debit cards. The team also used stolen personal data to open bank accounts and crypto wallets.
π During this period, Epoch Times' annual revenue reportedly soared from $15 million to $62 million. Guan claimed the funds were donations when questioned by banks. π¦
If convicted, Guan faces up to 80 years in prison for conspiracy to launder money and bank fraud. The case is now in court. π§
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$5000 in BTC for Hitman Services: Trial in the US for Alleged Murder Plot
π° A 23-year-old resident of Salt Lake City, Utah, USA, Krista Renee Stone, paid $5000 in Bitcoin as a down payment for a contract killing. On June 15, the court will deliver a verdict in her case.
πͺ Stone pleaded guilty to preparing the crime. According to the US Department of Justice, from March to September 2023, she negotiated the organization of the murder by posting an advertisement on a dark web site.
π She provided a detailed description of the victim, including a photograph, location, and method of execution.
π The circumstances of the arrest and the identity of the victim were not disclosed by the authorities.
π° A 23-year-old resident of Salt Lake City, Utah, USA, Krista Renee Stone, paid $5000 in Bitcoin as a down payment for a contract killing. On June 15, the court will deliver a verdict in her case.
πͺ Stone pleaded guilty to preparing the crime. According to the US Department of Justice, from March to September 2023, she negotiated the organization of the murder by posting an advertisement on a dark web site.
π She provided a detailed description of the victim, including a photograph, location, and method of execution.
π The circumstances of the arrest and the identity of the victim were not disclosed by the authorities.
π139β€35π±18πΎ17π16π8π₯7π€7π₯°4π¨2
Inflows into spot bitcoin ETFs continued for the 15th day in a row
π On June 3, inflows into 11 approved spot bitcoin ETFs totaled $105.1 million. The positive trend continued for 15 days in a row, according to SoSoValue. π° During this period, the segment attracted $2.28 billion. Since the registration of products β $13.96 billion.
π A longer trend (at 17 trading days) was observed only once β in January, after the launch of ETF trading. But the rate of receipts has significantly decreased compared to the peak values ββof March. π€·
βοΈ According to BitcoinTreasuries, the total volume of bitcoin products at the disposal of issuers reached 1,035,233 BTC ($71.4 billion), which is equivalent to 4.93% of the bitcoin emission. Specifically, BlackRock's IBIT owns 291,563 BTC (1.39%), GBTC owns 286,957 BTC (1.37%).π§
π On June 3, inflows into 11 approved spot bitcoin ETFs totaled $105.1 million. The positive trend continued for 15 days in a row, according to SoSoValue. π° During this period, the segment attracted $2.28 billion. Since the registration of products β $13.96 billion.
π A longer trend (at 17 trading days) was observed only once β in January, after the launch of ETF trading. But the rate of receipts has significantly decreased compared to the peak values ββof March. π€·
βοΈ According to BitcoinTreasuries, the total volume of bitcoin products at the disposal of issuers reached 1,035,233 BTC ($71.4 billion), which is equivalent to 4.93% of the bitcoin emission. Specifically, BlackRock's IBIT owns 291,563 BTC (1.39%), GBTC owns 286,957 BTC (1.37%).π§
π218β€58πΎ50π19π18π€10π³5π₯4π₯°1
Has altcoin season started?
π Today, both $TON and $BNB reached their all-time highs. $BNB peaked at $716, while $TON surged all the way to $7.87!
π₯ Currently, $BNB is trading at $707, and $TON at $7.4.
πͺ Meanwhile, Bitcoin has returned to $71K.
π Today, both $TON and $BNB reached their all-time highs. $BNB peaked at $716, while $TON surged all the way to $7.87!
π₯ Currently, $BNB is trading at $707, and $TON at $7.4.
πͺ Meanwhile, Bitcoin has returned to $71K.
π88π67β€37πΎ23π₯12π³8π₯°3π3π2π
2
FTX settles with the IRS
π According to Bloomberg, FTX has reached an agreement with the United States Internal Revenue Service (IRS) regarding a tax lawsuit amounting to $24 billion.
π² IRS will receive $200 million for priority claims and $685 million for claims with lower priority.
π According to Bloomberg, FTX has reached an agreement with the United States Internal Revenue Service (IRS) regarding a tax lawsuit amounting to $24 billion.
π² IRS will receive $200 million for priority claims and $685 million for claims with lower priority.
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Tether's CEO Concerned About Some MiCA Requirements for Stablecoins
π€· Tether's CEO, Paolo Ardoino, has expressed concerns regarding the regulatory rules proposed by MiCA in the EU.
π In his view, some of these requirements raise doubts and could significantly complicate the operations of issuers.
He also added that such requirements could make EU-licensed stablecoins extremely vulnerable and more operationally risky.π§
βοΈ On Monday, Binance announced that starting from June 30, it will restrict access to unauthorized stablecoins for users in the European Economic Area.
π€· Tether's CEO, Paolo Ardoino, has expressed concerns regarding the regulatory rules proposed by MiCA in the EU.
π In his view, some of these requirements raise doubts and could significantly complicate the operations of issuers.
He also added that such requirements could make EU-licensed stablecoins extremely vulnerable and more operationally risky.π§
βοΈ On Monday, Binance announced that starting from June 30, it will restrict access to unauthorized stablecoins for users in the European Economic Area.
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Bitcoin Miner Reserves Hit 14-Year Low!
π The supply of Bitcoin miners is shrinking, down 50% from its peak. It has been 14 years since miners had such a minimum amount of bitcoins!
Another call of an approaching bullish impuls? π§
π The supply of Bitcoin miners is shrinking, down 50% from its peak. It has been 14 years since miners had such a minimum amount of bitcoins!
Another call of an approaching bullish impuls? π§
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Miner capitulation may indicate a Bitcoin rally recovery! π
π The Hash Ribbons indicator has flashed an "optimal signal" to buy Bitcoin gold in the coming weeks, according to Charles Edwards, founder of Capriole Investments.
π This signal arises when the 30-day moving average of the hash rate falls below the 60-day average, indicating miner capitulation that began two weeks ago.
π³οΈ Miner capitulation typically occurs annually and is linked to halving events, operational shutdowns, bankruptcies, or takeovers. The last such event happened in 2023 when Bitcoin was around $20,000.
πFrom a technical standpoint, Bitcoin is currently in a consolidation phase after hitting a peak. If a new growth impulse occurs, the medium-term target is $100,000. However, caution is advised as a monthly close below $58,000 could reverse the trend. π§
π The Hash Ribbons indicator has flashed an "optimal signal" to buy Bitcoin gold in the coming weeks, according to Charles Edwards, founder of Capriole Investments.
π This signal arises when the 30-day moving average of the hash rate falls below the 60-day average, indicating miner capitulation that began two weeks ago.
π³οΈ Miner capitulation typically occurs annually and is linked to halving events, operational shutdowns, bankruptcies, or takeovers. The last such event happened in 2023 when Bitcoin was around $20,000.
πFrom a technical standpoint, Bitcoin is currently in a consolidation phase after hitting a peak. If a new growth impulse occurs, the medium-term target is $100,000. However, caution is advised as a monthly close below $58,000 could reverse the trend. π§
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Most HODLers Unwilling to Sell Bitcoin Even After It Reaches $70,000 - CryptoQuant
π After the price of the first cryptocurrency touched the $70,000 level, most of the coins remain inactive, indicating long-term confidence in the asset.
The lack of on-chain movements of such a large portion of the supply may suggest further price increases, experts added. In other words, the sentiment remains "stubbornly bullish." π
π After the price of the first cryptocurrency touched the $70,000 level, most of the coins remain inactive, indicating long-term confidence in the asset.
The lack of on-chain movements of such a large portion of the supply may suggest further price increases, experts added. In other words, the sentiment remains "stubbornly bullish." π
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DMM Bitcoin Raises $320M to Compensate Hack Losses
π―π΅ Japanese crypto exchange DMM Bitcoin is taking decisive action to recover from a $320 million hack. The exchange plans to raise 50 billion yen ($320 million) to compensate affected users.
π In a statement on June 5, DMM Bitcoin announced it would restore stolen funds by procuring an equivalent amount of Bitcoin from its group company, DMM.com.
π The exchange aims to minimize market impact with these purchases and has deeply apologized for the incident and its effects on customers.
π° This financial support from DMM.com will ensure that all customer Bitcoin holdings are guaranteed. The exchange continues to investigate the cause of the unauthorized outflow.
π―π΅ Japanese crypto exchange DMM Bitcoin is taking decisive action to recover from a $320 million hack. The exchange plans to raise 50 billion yen ($320 million) to compensate affected users.
π In a statement on June 5, DMM Bitcoin announced it would restore stolen funds by procuring an equivalent amount of Bitcoin from its group company, DMM.com.
π The exchange aims to minimize market impact with these purchases and has deeply apologized for the incident and its effects on customers.
π° This financial support from DMM.com will ensure that all customer Bitcoin holdings are guaranteed. The exchange continues to investigate the cause of the unauthorized outflow.
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