NFT Marketplace Rarible Raises Over $14 Million, Plans to Launch on Flow Blockchain
The non-fungible token (NFT) marketplace Rarible has revealed the company has raised $14.2 million in a Series A funding round. Rarible details the funds will be leveraged to take NFTs to the mainstream and announced integration with the consumer-centric blockchain called Flow. Rarible Raises $14.2M in Series A Funding Round On Wednesday, the NFT marketplace Rarible, a protocol for creating, selling, and collecting non-fungible,...
Korean Government Confiscates $47 Million in Crypto From Tax Evaders
South Korean authorities have identified thousands of tax evaders as part of an intensifying crackdown on tax dodging among crypto investors. Following a prolonged investigation, the government has reportedly seized cryptocurrency worth millions of dollars. Tax Agents Target Wealthy Tax Evaders in Greater Seoul Area More than 53 billion Korean won ($47 million) in crypto assets have been confiscated from 12,000 people who allegedly...
BIS: Cryptocurrencies Are Often Used in Financial Crimes, Money Laundering, Ransomware Attacks
The Bank of International Settlements (BIS) says that it is now clear that cryptocurrencies are not money but speculative assets, emphasizing that in many cases they are used “to facilitate money laundering, ransomware attacks, and other financial crimes.” BIS Criticizes Cryptocurrencies, Bitcoin The Bank of International Settlements published its annual economic report Wednesday, discussing cryptocurrencies, particularly bitcoin, as...
The Pirate Bay’s Crypto ‘Pirate Token’ Slowly Fades Away
It’s no secret that The Pirate Bay is into cryptocurrencies. The site started accepting Bitcoin donations in 2013 and later added Litecoin and Monero. The Pirate Bay was also the first large website to start mining cryptocurrency by using the computing resources of its visitors. This was a controversial move, but one that was followed by many other sites. It nonetheless came as a surprise when the torrent site started promoting a...
Police Arrest Three For Posting 10 Minute Movie Summaries on YouTube
Most movie companies require viewers to invest 90 minutes or longer to absorb their theatrical works in the way they were intended but this method of presenting a story is reportedly being undermined. Earlier this week, the Content Overseas Distribution Association (CODA) informed TF that people are now devoting entire YouTube channels to so-called ‘fast movies’. These are heavily edited copies of mainstream movies that aim to tell...
