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Bitcoin of America has officially announced the newest addition to their Bitcoin ATMs (BTMs). Shiba Inu coin is now available at Bitcoin of America ATM locations. Bitcoin of America has more than 1800 BTMs across 31 states. They recognized the growing popularity of Shiba Inu and decided it was time to include it in their BTMs. Bitcoin of America also offers Bitcoin, Litecoin, and Ethereum options. This news comes after their recent addition of Dogecoin in March of this year.

Bitcoin of America is a popular virtual currency exchange registered as a money services business with the United States Department of Treasury (FinCEN)(RegNum). They are known for their top-of-the-line customer support while also providing a fast and hassle-free transaction.

Bitcoin of America makes it easy for everyday businesses to get their hands on a Bitcoin ATM and for customers to buy Bitcoin. They take care of their host locations by providing passive income, increased foot traffic, and marketing. They even handle customer support and any maintenance/installation services.

The popular operator has made many updates to its BTMs and services over the past year. They launched their universal kiosks, which operate as a traditional ATM combined with BTM functions. Bitcoin of America has created a point-of-sale system for their tablet program, which has allowed businesses to accept cryptocurrency as a new form of payment. Bitcoin of America is constantly expanding and improving its services.

BTC Proxy Announces Strategic Partnership With Blockchain․com to Expand Bitcoin DeFi Ecosystem

PRESS RELEASE

PRESS RELEASE. BTC Proxy, the Bitcoin Liquidity Protocol on Polygon, has entered into a strategic partnership with Blockchain.com, one of the world’s largest crypto platforms and an early pioneer of key Bitcoin infrastructure. As part of the partnership, Blockchain.com will add BTC Liquidity into the Proxy ecosystem by Minting BTCpx. Moving Bitcoin to the Polygon network will expand the DeFi ecosystem and provide reward opportunities for users.

BTC Proxy believes it has solved a real pain point with Bitcoin by creating a mechanism of interoperability to access stored value from long-term holders without sacrificing safety through the use of qualified custodians. This tokenized volume can then be utilized to provide liquidity and drive value to all the networks involved.

BTCpx is the tokenized receipt of Bitcoin (BTC) that has been deposited into a qualified custodian. In this arrangement, the BTCpx is used to navigate through carefully crafted and sustainable reward programs whilst keeping the Bitcoin under multiple layers of security and allowing for even greater accountability and safety than ever before.

“This relationship with Blockchain.com involves the participation of one of the original and most trusted names in crypto. It is a significant milestone for the project and signals confidence within the institutional space to see BTC Proxy as an option for significant Bitcoin holders.”

India Targets 700 Crypto Investors for Non-Payment of Taxes: Report, India’s income tax department has reportedly identified about 700 cryptocurrency investors who have failed to pay taxes on high-value crypto transactions. “We have a long list of people who were transacting in crypto assets but were not paying tax,” said an official with the country’s Central Board of Direct Taxation. Indian Tax Authority Going After 700 Crypto Investors,India’s income tax department is reportedly cracking down on non-payment of taxes from cryptocurrency gains. The department is examining the high-value crypto transactions of about 700 investors, the Economic Times reported Tuesday, adding that the authority is proposing to issue notices to them.Income tax officials said most of these people have either omitted declaring crypto gains on their tax returns or have not filed tax returns at all. They could face 30% tax, penalty, and interest.A senior official with the Indian Central Board of Direct Taxation (CBDT) told the publication:The list includes high net worth individuals, non-resident Indians, startups, students, and housewives. Some of them have never filed tax returns.According to tax officials, some people have gains exceeding Rs 40 lakh but have either not filed tax returns or declared zero income on their returns. Moreover, taxpayers have been treating crypto transactions differently on their tax returns — some declaring income as capital gains while others as business income.Indian Finance Minister Nirmala Sitharaman proposed in her budget speech last month a 30% tax on capital gains from cryptocurrencies for the next fiscal year. The budget further stated that a flat tax would apply irrespective of how long an individual has held the crypto assets.Besides complying with the tax rules outlined in the budget, tax officials said that the department may also seek penalties, which may go up to 50% over and above the tax.In an interview with the publication last month, CBDT Chairman J. B. Mohapatra said that a large number of cryptocurrency investors had not been declaring income and the income tax department has collected enough data on them. He added that the department

The Ukrainian government has launched an official cryptocurrency donation website to raise funds in support of the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. The donation platform is a collaboration between the Ministry of Digital Transformation of Ukraine, Everstake, and cryptocurrency exchange FTX.

Government’s Crypto Donation Website Now Live

The Ministry of Digital Transformation of Ukraine announced Monday that it has launched the official “Aid For Ukraine” website to raise funds in support of the Ukrainian armed forces and humanitarian aid programs in the fight against Russia. The crypto donation platform is in partnership with staking service provider Everstake and cryptocurrency exchange FTX.

Mykhailo Fedorov, vice prime minister of Ukraine, tweeted Monday confirming that the official website where anyone around the world can make cryptocurrency donations to Ukraine has gone live.

The new donation website describes, “Aid For Ukraine is cooperating with the cryptocurrency exchange FTX which converts crypto funds received into fiat and sends the donations to the National Bank of Ukraine,” elaboratingThe Aid For Ukraine website lists crypto addresses as well as bank account information for the government of Ukraine for donation. Donors can send several cryptocurrencies, including bitcoin (BTC), ethereum (ETH), tether (USDT), polkadot (DOT), solana (SOL), dogecoin (DOGE), and monero (XMR). The Ukrainian government also accepts fiat donations in USD, EUR, GBP, AUD, and CAD.

At the time of writing, the donation site indicates that over $50 million have been raised by the community.

The Ministry of Digital Transformation of Ukraine further explained that the funds raised will be spent on military equipment as well as “informational counteraction to Russian propaganda” and a “global communication campaign on true events in Ukraine.”

The funds will also be used in “cybersecurity and digital infrastructure recovery, providing additional protection and migration of registers, [and the] purchase of technical special equipment and facilities,” the ministry noted.

Earlier this month, Alex Bornyakov, Ukraine’s deputy minis

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Marathon Digital Holdings, a Nasdaq-listed bitcoin mining-based company, has announced a new deal with Compute North, a data center service provider, to host more than 100,000 mining machines in its data centers. The deal is an expansion of an earlier deal that secured positioning for 73,000 mining machines in Texas. Now, the new partnership secures hosting for all of these machines, to be powered with renewables.

Marathon Expands Mining Operations

Marathon, one of the largest bitcoin mining companies in the U.S., has announced it will expand its prior agreement with Compute North to host more than 100K miners in data centers around the country. The former agreement secured hosting for 73K miners in several data centers managed by Compute North, which is a Tier 0 data center service provider. The partnership also includes the installation, operations, and deployments of Marathon’s existing and new mining facilities.

With this partnership, Marathon will position all of its mining machines in the near future. The company bought 30K miners from Bitmain in August, and these miners will be delivered starting next month — after which Marathon will install them to begin producing bitcoin for the company.

Focus on Eco-Mining

Perhaps the most significant part of the agreement has to do with the origin of the power that will feed the miners in these data centers. The power will predominantly come from renewables, including solar and wind farms. This will allow Marathon to expand its hash power with the purchased miners with sustainability as a primary goal. The mining deployments will be done “behind the meter,” to avoid causing any troubles in the different grid connections near these data centers.
Marathon further announced its intention of issuing convertible senior notes for $500 million in November, with the objective of purchasing more mining machines.