UK’s HMRC seizes NFTs for first time in tax fraud probe

A CryptoPunk NFT on display at Sotheby’s on June 4, 2021 in New York City. Cindy Ord | Getty Images LONDON – Britain’s tax watchdog has seized three non-fungible tokens, in what is thought to be the first seizure of NFTs by a UK law enforcement agency. Officials at Her Majesty’s Revenue and Customs say … Read more

23 year-old Texans made $ 4 million mining bitcoin off flared natural gas

Brent Whitehead and Matt Lohstroh at the Texas A&M versus Alabama football game. Matt Lohstroh HOUSTON – When Brent Whitehead and Matt Lohstroh were sophomores at Texas A&M University, they decided to get into the business of mining bitcoin on the oil fields of East Texas. The year was 2019, and at the time, the … Read more

Bitcoin rises to its highest level in a month, bouncing from January lows

The price of bitcoin climbed more than 6% on Monday, hitting its highest level in a month. Bitcoin rose to as much as $ 44,500, according to Coin Metrics, its highest level since Jan. 5. Back then, it hit a high of $ 47,013. As of 4:02 pm ET, bitcoin traded at $ 44,068.88. Those … Read more