A cryptocurrency community has sued both the US Treasury Department and IRS over allegations of financial espionage against its members. The crypto community claims that Section 6050I's reporting requirements violate its rights. According to the group, Section 6050I violates both the First Amendment and the Fifth Amendment to US laws.
The most anticipated NFT gaming project SIDUS HEROES has opened its doors to its first users. In the middle of January, the company released a closed beta version of the game that holders of SIDUS GENESIS NFTs were given access to.
Liquid Craft has successfully launched their first liquor-backed NFT series Dragons and Bourbon with the aim of adding tangible value to NFTs through physical asset backing.
Mining cryptocurrencies consumes a lot of energy. For this reason, some governments set special prices for miners. This trend seems to be particularly strong in the Eastern European region.
Cryptocurrencies are on the rise in numerous industries including sports. Many sports clubs are introducing salary payments, partnerships and sponsorships in crypto. AZ Alkmaar is the latest European sports club to crack a partnership deal where part of the sponsorship amount is disbursed in bitcoin.
Elon Musk's recent tweet that Tesla would stop accepting bitcoin for the purchase of their electric cars is a bit contrary to the truth about bitcoin mining today and in the near future.
DOGE, a cryptoasset in Rank #4 by market capitalisation, is now worth a staggering $79.5 bln after its value soared above 94% in just 7 days. For the past one month, Dogecoin (DOGE) has registered unprecedented gains of +930%.