Transaction URL: https://etherscan.io/tx/0x4919480a0c052e440854c7bbf97bee0b647b466ee27bf47718868096857a7664
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Renowned economist Peter Schiff on Wednesday backed early Bitcoin BTC/USD adopter Roger Keith Ver in his fight against U.S. authorities on tax evasion charges.
What Happened: Schiff called Ver’s motion to dismiss the U.S. Department of Justice’s indictment for deliberately avoiding tax liability of nearly $50 million “correct.”
“It’s an unapportioned direct tax. Hopefully, he wins, forcing the government to lower the top income tax rate or risk a flood of expatriations,” Schiff argued.
#Bitcoin pioneer @rogerkver’s motion to dismiss tax evasion charges on the grounds that the “exit tax” is unconstitutional is correct; it’s an unapportioned direct tax. Hopefully, he…
Read more on Benzinga
A small, but significant development in Bitcoin’s much-debated decentralized consensus process is taking place, with some developers moving to publicly gauge sentiment of warring soft fork proposals that would augment the software rule set.
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More specifically, the effort began today with the creation of a page on the Bitcoin Wiki website called “Covenants Support,” whereon the network’s pseudonymous developers are able to attest as to their interest in no less than nine proposals,…
Read more on BitcoinMagazine
Russian President Vladimir Putin has expressed confidence in the resilience and continued growth of Bitcoin and other cryptocurrencies, asserting that no entity can ban them. Speaking at an investment conference in Moscow on Wednesday, Putin stated, “Who can ban Bitcoin? Nobody. And who can prohibit the use of other electronic means of payment? Nobody.”
Putin emphasized that cryptocurrencies represent emerging technologies that will persist despite any economic challenges or shifts in global currencies like the dollar. “These tools will develop one way or another because everyone will strive to reduce costs and increase reliability,” he added.
The statement comes as Russia continues to explore digital currencies as part of its financial strategy. While cryptocurrencies face regulatory hurdles globally, Putin’s remarks highlight the inevitability of technological advancement in the payment sector, potentially signaling Russia’s openness to embracing these innovations.
Company Name: Heatbit
Founder: Alex Busarov
Date Founded: April 2020
Location of Headquarters: Remote
Number of Employees: 25
Website: https://heatbit.com/
Public or Private? Private
In early 2020, Alex Busarov was stuck in his Shanghai apartment during COVID. To quell his boredom, he ordered an Antminer S9, a Bitcoin mining machine, to toy around with.
After plugging it in, he quickly learned two things: Bitcoin miners are noisy and they run hot.
While Busarov saw the prior byproduct as an annoyance, he viewed the latter as an opportunity.
Fast-forward to the present day and Busarov and his team are preparing holiday shipments of bitcoin miners that run quietly and double as space heaters (as…
Read more on BitcoinMagazine
