Easy to Digest Cryptocurrency News Round Up March 22, 2022

1. The ‘lead organizer’ of Accept Dogecoin, Myles G Investments, has confirmed that he was charged with kidnapping a woman at gunpoint in 2011.

Myles G Investments tells he “made a mistake that hurt many people” — and says the controversial project is rebranding after being threatened with legal action by Dogecoin.

Followed by the threat of legal action, the Accept Dogecoin site has been taken down. Further, Watkins has confirmed that Accept Dogecoin are now changing their name and logo. Further, he stated that instead of us trying to get companies to accept only Dogecoin, we will try to get companies to accept all the cryptocurrencies.

He also stated that, “Everyone deserves a chance to learn an become a better person today.”

 

2. President Nayib Bukele’s plans to build Bitcoin City in El Salvador have just suffered a big setback. The ambitious metropolis was set to be funded by “volcano bonds,” but their release has been delayed due to the current market conditions.

Pomp expressed:  El Salvador’s bitcoin-backed volcano bond appears to be setting the stage for a revolution in sovereign debt markets.

Nayib Bukele stated:  “Each new initiative like El Salvador’s bitcoin bond could chip away at the greenback’s supremacy a little, potentially making the world that bit harder to police and a touch more dangerous.” “Making the world that bit harder to police?”

While this is the trend analysts are not sure of other countries following El Salvador in the process of crypto-based borrowing.

3. FIFA World Cup Qatar 2022 has sponsorship by partnership with major crypto companies. It is very easy to see the logos of top cryptocurrency exchanges on the soccer and rugby teams. Crypto.com is the sponsor for this year’s FIFA World Cup.

Crypto.com expressed:  “Crypto.com is proud to be the first crypto trading platform sponsor of the FIFA World Cup Qatar 2022. See you in Qatar.”

4. Dogecoin is threatening to sue a YouTuber accused of stealing the meme coin’s trademarks to launch a new token.

5. Bollywood giant Amitabh Bachchan has paid a big tax bill linked to his NFT collection. Noteworthy, 79-year-old Amitabh Bachchan is the first actor from India to Embrace NFTs and his collection reportedly broke records. However, he has come under the scrutiny of the Income Tax Department.

Reportedly way back in November 2021, Bachchan’s NFT collection generated more than 7 crore ($917,000) in revenue. Thus, he attracted the 18% Integrated Goods and Services Tax on the sale of NFTs.  Further, Bachchan settled the bill after he received a notice from the Directorate General of Goods and Services Tax Intelligence.