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Michigan authorities warn of rise in cryptocurrency scams
Read full article: Michigan authorities warn of rise in cryptocurrency scamsMore than $5.6 billion was lost nationally due to cryptocurrency scams last year, a significant increase from 2022 and 2021. According to the FBI, Michiganders lost $79,894,360 in cryptocurrency scams in 2023.
What to know about cryptocurrency as Detroit begins to accept it as payment
Read full article: What to know about cryptocurrency as Detroit begins to accept it as paymentCryptocurrency is a digital currency that uses cryptography and a decentralized network to enable secure transactions without a central authority like a bank or government.
Detroit residents will have option to pay taxes, other fees with cryptocurrency
Read full article: Detroit residents will have option to pay taxes, other fees with cryptocurrencyResidents in Detroit will be able to pay their taxes and other city fees using cryptocurrency next year, officials announced.
Crypto payments expose Grosse Pointe Farms man with 722,000 highly organized child porn files
Read full article: Crypto payments expose Grosse Pointe Farms man with 722,000 highly organized child porn filesCryptocurrency payments helped FBI agents discover that a Grosse Pointe Farms man had 722,000 highly organized child porn files.
Michigan football QB Cade McNamara signs endorsement deal with cryptocurrency company
Read full article: Michigan football QB Cade McNamara signs endorsement deal with cryptocurrency companyCade McNamara, the starting quarterback on the Michigan football team, has signed an endorsement deal with the cryptocurrency company MORE Management.
Canton child, 6 men part of international group using bribes, phone hacking to steal millions in Bitcoin
Read full article: Canton child, 6 men part of international group using bribes, phone hacking to steal millions in BitcoinA juvenile in Canton Township and six other men have been identified as members of “The Community,” an international group that hacks into people’s cellphones -- often bribing or tricking mobile phone companies -- to steal millions of dollars in Bitcoin and other cryptocurrency, officials said.
Birmingham based law firm accepting cryptocurrency in exchange for legal services
Read full article: Birmingham based law firm accepting cryptocurrency in exchange for legal servicesThe Michigan Law Firm, PC based in Birmingham is now accepting cryptocurrency in exchange for legal services, the business announced in a press release issued recently.
Swiss region to take cryptocurrency for tax payments in 2021
Read full article: Swiss region to take cryptocurrency for tax payments in 2021GENEVA A Swiss region that has billed itself as a hub for high-tech finance said Thursday that it plans to accept cryptocurrencies Bitcoin and Ether for tax payments starting next year. Switzerland's Zug canton joins its eponymous main city and several Swiss towns in agreeing to take tax payments in cryptocurrency. Taxpayers who want to pay in cryptocurrency would notify tax authorities, who in return would send a digitized QR code that allows for such payments. Other places have explored accepting cryptocurrencies for tax payments. A former treasurer in the U.S. state of Ohio launched OhioCrypto.com in 2018 for business tax payments.
Can You Survive Only on Cryptocurrency?
Read full article: Can You Survive Only on Cryptocurrency?With news that Facebook is joining the cryptocurrency game, the question is: Can you survive on it? Cryptocurrency, such as Bitcoin or Ethereum, is a digital currency that uses encryption to make transactions secure. Luke Mones, the host of Inside Edition's digital show, The Breakdown, attempted to only use cryptocurrency in New York City for 48 hours to see if it could be done. One business that did take cryptocurrency was Midoma, a salon in Midtown. Why Leaving Money to Your Pets Isn't CrazyThe Breakdown: What Happened to the Venomous Sand Spider Stolen From Philadelphia's Insectarium?