Taraxa Wants to Put Every Informal Transaction on the Record, Unveils Details About the Upcoming TGE

PRESS RELEASE. The Taraxa Foundation, a non-profit body supervising research and development of the Taraxa project, announced a public sale kicking off on March 4 at 6 PM PST. The token sale follows the launch of Taraxa’s public testnet and the release of a flagship application, with the main purpose of distributing TARA tokens to community members and funding ongoing technology and community development. Participants will be required to provide documentation and verify their eligibility in order to participate. The offer is not being made within the United States or…

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John McAfee Indicted by DOJ Over Alleged Cryptocurrency Fraud Charges

Tech entrepreneur and former anti-virus tycoon John McAfee has been indicted by the U.S. Department of Justice (DoJ) on money laundering and fraud charges. The United States Attorney for the Southern District of New York and the FBI unsealed the indictment charging McAfee and his associate Jimmy Watson with securities fraud. John McAfee Indicted by US Law Enforcement for Fraud and Money Laundering Tied to Crypto Schemes According to a press release published by the DoJ on March 5, John McAfee has been indicted for a number of charges tied…

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MicroStrategy dismisses market uncertainty, buys another Bitcoin dip

The software company added another $10 million in BTC to its war chest. MicroStrategy, a software company that’s been making headlines for its aggressive Bitcoin purchases, has made another $10 million purchase after Thursday’s market uncertainty. As announced by CEO Michael Saylor, the company purchased another 205 BTC at an average price of $48,888, spending $10 million in cash to do so. This puts the company’s total Bitcoin holdings at 91,064 BTC worth $4.3 billion. The total cost basis of the BTC is $2,196 billion with an average purchase price of…

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Cryptocurrency exchange Bybit shuts up shop in UK in compliance with FCA ban

Bybit will stop serving customers from U.K.-based IP addresses starting March 31, following the FCA’s ban on all cryptocurrency derivatives trading. Singapore-based cryptocurrency derivatives exchange Bybit announced on Friday that it would be suspending services for its customers n the United Kingdom. Bybit offers a range of high-end trading products for cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and more. The move follows a blanket ban on all retail cryptocurrency derivatives trading by the Financial Conduct Authority, and U.K. customers will be given until March…

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Valuing Companies Post-Hyperbitcoinization

How will companies be valued once bitcoin is universally used as a unit of account and measuring stick of worth? Bitcoin will fundamentally change the way that investors value companies. Upgrading monetary technologies is a radical paradigm shift that will leave many financial “experts” confused. Our current monetary system, the U.S. dollar, is based entirely on an ever-growing mountain of debt. In contrast, the Bitcoin monetary system is equity-based, with no counterparty risk and no dilution risk. Once the world has completely embraced bitcoin as the superior monetary good, we…

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3 million active users help lift Audius (AUDIO) to a new all-time high

Audius price hit a new all-time high after the decentralized music streaming platform surpassed 3 million active users and developers hinted at future NFT integrations. As blockchain technology increasingly becomes part of the mainstream conversation, its integration with today’s most used technologies is bound to increase. This means that it’s only a matter of time before video streaming, digital music and social media see gradual blockchain integrations take place.  Audius (AUDIO) is one project that is chasing the first-mover advantage in the music streaming sector. The music-sharing and streaming protocol facilitates…

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Stocks slide as dollar hits 4-month highs: Why Bitcoin price is slumping below $50K

Bitcoin is slumping as the DXY breaks out and the U.S. stock market tanks. The price of Bitcoin (BTC) is extending its slump below $49,000 on March 5 as the U.S. dollar index (DXY) reached the highest levels since November 2020.   DXY (blue) vs. BTC/USD (orange). Source: Tradingview Meanwhile, the prospect of rising rates and a potential stock market top is putting downward pressure on equities and Bitcoin, causing the entire cryptocurrency market to pull back. Rising treasury yields — the biggest threat to Bitcoin? Bitcoin and risk-on assets, in…

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$1 Million per BTC in 10 Years: ‘In Terms of Dollars Bitcoin Is Going to Infinity,’ Says Kraken CEO

While bitcoin prices have been coasting along between $46k to $48k during the last three days a number of proponents are still bullish about the crypto asset’s long-term value. On Thursday, Kraken CEO Jesse Powell said that he thinks bitcoin could easily reach a million-dollar valuation per coin. “When you measure it in terms of dollars, you have to think it’s going to infinity,” Powell insists. Bitcoin to Infinity and Beyond During the last few weeks as bitcoin (BTC) prices saw a climactic rise above the $58k handle a number…

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Law Decoded: Closing remarks on the future of crypto law, March 5

The final Law Decoded moves away from specific news to reflect on the biggest legal issues facing crypto. Editor’s note Ladies and gentlemen, it is bittersweet to welcome you to the final installment of Law Decoded, at least with yours truly at the helm. Though someone may pick this newsletter back up at some point, there are no plans to do so now. Taking advantage of the rose-tinted glasses or maybe the graduation goggles that are in effect for this final newsletter, I will be shaking up the format. As…

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NFT hype will calm, but the concept won’t disappear, MEW founder speculates

Nonfungible tokens are all the rage right now, but how long will the fanfare last? Nonfungible tokens, or NFTs, have gained significant traction in the crypto space in recent months, with some tokens selling for millions of dollars. Even though the current excitement over NFTs will eventually simmer down, the concept will live on, according to the CEO and founder of MyEtherWallet, Kosala Hemachandra.  “NFT is currently a hot topic, but I’m sure the hype around it will soon die down,” Hemachandra told Cointelegraph. “Similarly, ERC-20-based tokens were a hot…

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