London Satoshi reveal unsurprisingly fails to convince anyone of his identity amid fraud charges

At a press conference in London on Oct. 31, Stephen Mollah declared himself to be Satoshi Nakamoto, the elusive creator of Bitcoin but failed to provide compelling evidence to support his claim. The event at the Frontline Club left attendees skeptical as technical issues and unverified assertions undermined his credibility. Joe Tidy, a cyber correspondent The post London Satoshi reveal unsurprisingly fails to convince anyone of his identity amid fraud charges appeared first on CryptoSlate.

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FTX reaches $228 million settlement with Bybit amid bankruptcy efforts

FTX has reached a $228 million settlement with crypto exchange Bybit and its affiliates, concluding a lawsuit filed in Nov. 2023 that sought to recover approximately $1 billion in assets. The agreement allows FTX to withdraw $175 million in digital assets held on Bybit’s platform and sell about $53 million in BIT tokens to Mirana The post FTX reaches $228 million settlement with Bybit amid bankruptcy efforts appeared first on CryptoSlate.

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Bitmain denies connection to US supply chain investigation linked to Huawei chips

Bitmain has issued a statement distancing itself from recent media reports linking the company to a supply chain investigation involving Huawei. The Bitcoin mining equipment manufacturer emphasized that it is not engaged in such investigations and reserves the right to take legal action against outlets disseminating false information. The statement read, “BITMAIN specializes in designing The post Bitmain denies connection to US supply chain investigation linked to Huawei chips appeared first on CryptoSlate.

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Satoshi Action Fund seeks to replicate cannabis industry with ‘safe haven’ states for Bitcoin custody

The Satoshi Action Fund is advancing efforts to secure state-level protections for Bitcoin self-custody, employing strategies similar to those used by the cannabis industry to navigate federal regulations. This initiative aims to create “safe haven” states for Bitcoin users, providing legal assurances for holding and using the digital asset. Dennis Porter, CEO and co-founder of The post Satoshi Action Fund seeks to replicate cannabis industry with ‘safe haven’ states for Bitcoin custody appeared first on CryptoSlate.

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Denmark proposes taxing unrealized crypto gains as it does with some traditional financial contracts

Denmark is proposing a new taxation model that would tax unrealized gains on cryptocurrencies at 42%, aligning digital assets with existing rules for certain financial contracts. This approach involves calculating gains and losses annually based on the change in the value of the taxpayer’s holdings, regardless of whether the assets have been sold. The taxable The post Denmark proposes taxing unrealized crypto gains as it does with some traditional financial contracts appeared first on CryptoSlate.

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