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Day: January 27, 2022

Amazon Marketplace Owners Can Now Be Bought Out in Crypto

Elevate Brands is teaming up with Coinbase to offer the option. Amazon Marketplace owners who sell their business to Elevate Brands will now have the option of being paid in crypto. Elevate Brands, which holds a portfolio of Amazon-focused consumer products companies, is teaming up with Coinbase Prime to offer the option. “We’ve learned that …

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Reddit Might Gear up for NFT-Based Profile Pictures for Users

Following in the footsteps of Twitter, Reddit is eyeing to permit users to have NFT-based profile pictures through a feature that is being tested. Reddit noted that the NFT test had not been availed to the public because it was still in its early stages. Tim Rathschmidt, the Reddit spokesperson, explained: “We’re always exploring ways to …

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US Sentences Bitcoin Seller to 1 Year in Jail for Defrauding Investors

A bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man took money from customers but did not provide them with the agreed-upon bitcoin. Fraudulent Bitcoin Seller Going to Jail The U.S. Department of Justice (DOJ) …

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HOW DOES BITCOIN IMPACT YOUR TAXES? 10 THINGS TO KNOW

A professional tax advisor explains the key things for Bitcoiners to know when filling out their returns for 2021. Yes, it’s that time of year again. The new year is upon us and we all need to start gathering tax documents. Fun stuff, right? And if you’ve invested in bitcoin or sold bitcoin, then things …

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Guide to Insurance on Cryptocurrency

Demand for cryptocurrencies is booming, as more than 40 million people worldwide use some type of them, according to SaaS Scout Research Group. As with any financial asset with value, cryptocurrency owners need protection with their investments, and that’s where cryptocurrency insurance enters the picture – at least on a limited basis in early 2021. “There’s only …

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