Bitcoin fragments could become more valuable than full Bitcoins
Collectors known as “sat hunters” are collecting satoshis from rare Bitcoin — and those fragments may eventually be worth more than regular Bitcoin.
Collectors known as “sat hunters” are collecting satoshis from rare Bitcoin — and those fragments may eventually be worth more than regular Bitcoin.
Bali police have arrested a car rental owner in the state for accepting payments in crypto assets. The arrest came after the state government warned against using cryptocurrencies as payment options for any transaction. Bali Police Worked Undercover To Arrest Car Rental Business Owner While working undercover as customers, Bali police agents arrested an individual identified as TS (33) on May 29 in Jimbaran, Badung, in Bali, Indonesia. The Bali Police’s Cyber Unit started its investigations following increasing reports of people using crypto assets for transactions in the state. These include businesses like car rentals, cafes, hotels, property agencies, and others. Related Reading: Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close Chief of the Crime Investigation Unit Nanang Prihasmoko spoke to CNN Indonesia about the arrest. The unit chief stated that the police contacted the suspect as a potential renter by secretly infiltrating a car rental group on the Telegram app. The police then requested TS’s crypto wallet address for rental payment and set a physical meeting to conclude all arrangements. Finally, the police arrested the car rental owner at the point of the meeting. Prihasmoko revealed that TS had started accepting crypto payments from foreigners on the island three months ago. And following his arrest, the police seized some of the suspect’s assets, including his mobile phone used for crypto transactions. They also seized an Indodax account, a Pajero Sport vehicle, his ATM card, a Telegram account, and Telegram screenshots. According to Nanang, using any other currency for payments or financial obligations except the Indonesian rupiah violates Indonesian law. Offenders of such law could face one-year imprisonment and a penalty fine of IDR 200 million. Bali Warned Against Using Crypto For Payments The government of Bali has previously warned against the use of cryptocurrencies for payments in the region. In a statement by Bali Governor Wayan Koster, the ban on crypto payments cuts across different areas such as shopping, accommodations, restaurants, rentals, and other activities. Related Reading: Here Are The Top 3 Chinese Coins To Buy As China Leads The Bull Run The governor mentioned that anyone caught in the act would be strictly punished and the penalty could even include a forceful closure of the offenders’ businesses in the state. Furthermore, Governor Koster extended the warning against crypto use to tourists and other foreigners within the island state. He said the state has zero tolerance for violating laws and improper actions from tourists. According to the governor, foreigners violating Balian laws could face deportation, sanctions, or penalty fines. Indonesia only encourages the use of its local currency, the Indonesian rupiah. It is the only legal tender permitted for conducting transactions in the country. Featured image from Pixabay and chart from TradingView
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I was wondering if anyone would like to send me some eth so I could buy a new phone, i have a shattered galaxy s8 and its terribly slow. I was just wondering if any of you guys could donate me some eth? it would be greatly appreciated! Eth address: 0x56C6a1Bac61cf6Dce9756aADb857a574Ebcf25d1 submitted by …
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The company has raised $80 million for wallet development since its inception in 2020.
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The Reserve Bank of India (RBI) recently organized a conference exclusively for directors of Indian banks, shedding light on the importance of adopting technologies like Blockchain and AI. During the event, RBI Deputy Governor Mahesh Kumar Jain took center stage, urging the bank directors to embrace technologies such as Artificial Intelligence (AI) and Blockchain. Related Reading: Pepecoin Eyes Rebound As It Finds Support In Strong Algorithm Data Score Jain believes that Indian banks can unlock new avenues for growth and enhanced stability in the ever-evolving financial landscape by harnessing the power of innovative technologies. The conference aimed to encourage the integration of these technologies to propel sustainable progress and future-proof the banking industry in India. SBI Governor Addresses The Potential Risks During his speech, Deputy Governor Mahesh Kumar Jain evaluated the risks involved in sustainable growth. He further discussed the importance of effective corporate governance, governance structure, and how to prepare for potential risk. According to Jain, banks face a series of challenges arising from technological disruption, customer expectations, and cyber threats in today’s ever-changing environment. These factors introduce new risks across technology, business, and operations. As such, the deputy Governor advised banks to prioritize technology adoption to tackle these challenges effectively. Jain further emphasized the importance of technological integration, highlighting it as a key strategy to ensure sustainable growth in the banking sector and mitigate risks. In his words, “To prepare for the future,” banks need “adopt innovative technologies such as Blockchain and AI,” also investing in cybersecurity measures. India Embraces Blockchain Innovation The Reserve Bank of India (RBI) initiated pilot trials for the digital rupee, targeting improved cross-border payments and mitigated arbitrage losses. RBI’s Central Bank Digital Currency (CBDC) experiments aim to enhance efficiency and foster secure transactions in retail and wholesale sectors. The India Finance Minister, Nirmala Sitharaman, recently said India is not against blockchain technology, but crypto needs monitoring. She further claims that blockchain gives too many options and can be utilized in many different ways. SItharaman believes the central bank must drive crypto; otherwise, it can fall like those without proper government backing, causing huge spillover effects like FTX. She highlights the limitations of individual countries’ actions in regulating crypto assets, stating that the interconnectedness of the global order renders such measures ineffective. Related Reading: Floki Inu: Does Meme Coin Have What It Takes To Re-Enter Top 100 Spot? As technology transcends boundaries, she emphasizes the need for coordinated efforts in addressing the challenges posed by cryptocurrencies, surpassing geographical borders. India takes a stringent stance on crypto trading, disallowing traders from offsetting losses against gains. Notably, Sitharaman imposed a 30% flat tax on crypto income last year and a 1% tax deducted at source (TDS) on crypto trades above 10,000 Indian rupees ($122). Also, there are severe penalties, including penalties equal to TDS for non-deduction and 15% annual interest charges for late payments. Moreover, imprisonment for up to six months is possible, demonstrating a strong regulatory approach. Featured image from Pixabay and chart from TradingView.com
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After that whole frog coin craze, big attention was brought back to the “meme” shitcoins, and everyone who was bummed they miss out are desperate to get to be an insider on the next coin that'l pump. And now coin devs are taking advantage of this, they are making deliberate promoted ad tweets manipulating everyone.…
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