Crypto Ethone

A new proposal under consideration in Miami-Dade County government might pave the way for residents to use cryptocurrency to pay local taxes. This week,  Danielle Cohen Higgins , a county commissioner whose District 8 covers parts of South Dade, is bringing a resolution to Miami-Dade's  Infrastructure, Operations, and Innovations Committee  calling for the creation of a cryptocurrency task force. The task force would examine the feasibility of allowing residents to pay for their county taxes, fees, and services using digital currencies such as Bitcoin, Litecoin, and Ethereum .  The resolution  also calls for the 13-member task force to issue recommendations on other cryptocurrency initiatives. "The item would establish a task force that could delve into the feasibility of using cryptocurrency in Miami-Dade County, to explore any potential benefits and pitfalls that could result from its use. It is important to explore all avenues that can support an e...

  A 101-carat diamond has become the most expensive jewel ever purchased with cryptocurrency , according to Sotheby's, the auction house behind the sale. The pear-shaped gemstone sold Friday for the equivalent of $12.3 million, after the auctioneer announced it was accepting  offers in bitcoin and ethereum , in addition to traditional forms of payment. Sotheby's would not disclose which of the two cryptocurrencies had been used to make the purchase. The diamond, dubbed "The Key 10138," went to an "anonymous private collector," according to a press release. In a press statement, Sotheby's deputy chairman for jewelery in Asia, Wenhao Yu, said the sale had attracted "new clients well beyond the traditional pool of collectors," adding cryptocurrency purchases appealed to a "digitally savvy generation." Remarkably rare in its own right, the stone is the second largest pear-shaped diamond ever to come to market, according to Sotheby's. ...

The digital asset trading platform Crypto.com has announced the firm has become the first global cryptocurrency exchange to obtain an Electronic Money Institution (EMI) license from the Malta Financial Services Authority (MFSA). According to the announcement, Crypto.com’s EMI license will allow the firm to issue cards and bank transfers to consumers in the region. Crypto.com Receives the First EMI License from Malta Crypto.com details in its latest announcement that the digital asset exchange has been working closely with the MFSA. Two months ago, the exchange received a Class 3 Virtual Financial Assets (VFA) license from the MFSA. On Friday, the trading platform revealed the EMI license has been approved and the company believes it is a “watershed moment for the cryptocurrency industry.” Working with the MFSA, Crypto.com notes that it aims to provide a “compliant crypto trading environment.” “We have been committed from day-one to building a fully regulated business,” Kris Marszale...

  The Department of Justice says 47-year-old Roger Nils-Jonas Karlsson has been sentenced to 15 years in prison for securities fraud, wire fraud and money laundering charges. The Swedish man defrauded over 3,500 victims of more than $16 million. A Swedish man wanted by the United States for defrauding over 3,500 victims of more than $16 million has been sentenced to 15 years in prison for securities fraud, wire fraud, and money laundering, the Department of Justice said Thursday. The DOJ says 47-year-old Roger Nils-Jonas Karlsson ran an investment fraud scheme from 2011 until his arrest in Thailand in June 2019. He pleaded guilty in March. According to court documents, Karlsson encouraged victims to buy shares in a scheme called “Eastern Metal Securities” using cryptocurrencies like bitcoin , promising “astronomical returns” tied to the price of gold. The funds paid by these victims were instead directed to Karlsson’s personal bank accounts, where the money was ...

  Endeavor-owned Ultimate Fighting Championship agreed to a fight kit deal with cryptocurrency platform Crypto.com on Wednesday, the company told CNBC. The multiyear agreement will give Crypto.com a brand presence on fight kit items used throughout UFC including apparel (shorts, top bras, walk-out hoodies) worn by athletes during competition, and clothing worn by the training staff. In addition, Crypto.com will also own the rights to UFC’s newly created “ Cryptocurrency Platform Partner ” sponsorship category. Terms of the agreement were not disclosed publicly but according to people familiar with the deal, it’s worth $175 million over 10 years. Crypto.com is a platform that allows users to buy and sell cryptocurrencies. The company makes revenue from transaction fees and said it has more than 10 million users on its platform. Last week, it also secured a $100 million sponsorship deal with Formula 1. In a statement, Crypto.com co-founder and CEO Kris Marszalek called t...

A cryptocurrency influencer has been sharing support for   Shiba Inu coin   recently, which has some believing the coin will rise significantly soon. Will Shib coin rise? What an expert predicts: Cryptocurrency influencer  Coin Bureau  recently posted a new YouTube video to his Coin Bureau account that Shib coin may rise again. He said in the video, “there might be more to this token than meets the eye.” Coin Bureau  said he has been keeping an eye on Shib coin for a few weeks now, especially after rumors that Coinbase will add Shib coin to its app, according to  The Daily Hodl. “Shiba Inu is one of the cryptos in this category, and it’s one that I’ve only ever mentioned in a negative context. But when I heard that Coinbase will be listing SHIB, however, I began to consider the possibility that there might be more to Shiba Inu than meets the eye,” he said. Why Shib coin may climb again Per  FX Leaders ,  Coin Bureau  suggested that the...

  Around 4,000 institutional funds with almost 2 trillion euros in assets under management in Germany can now invest 20% of their portfolios in cryptocurrency, including bitcoin . The highly anticipated Fund Location Act (Fondsstandortgesetz) went into effect on July 1 in Germany. The German federal parliament, the Bundestag, cleared the legislation on April 22. Under this law, new and existing domestic special funds (Spezialfonds) are permitted to invest up to 20% of their portfolios in crypto assets, like bitcoin. There are approximately 4,000 such special funds covered by this legislation. According to a report by BVI Investments, 1.88 trillion euros ($2.23 trillion) were invested in open special funds, excluding special real estate funds, as of the end of December 2020. If all special funds were to allocate the full 20% in cryptocurrency , it would equate to more than 376 billion euros ($446 billion). Traditionally, special funds are open-ended, regulated investment funds limit...