A man who created his own Bitcoin ATM has pleaded guilty of money laundering and related crimes. Kunal Kalra, a resident of Westwood, California, used his machine and other means to clean as much as $25 million between 2015 and 2017.Court documents claim that Kalra also exchanged Bitcoin for cash with a range of criminals....Read More
Monday, Aug. 26 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are in the red. After trading sideways for most of the day, the market is currently seeing minor losses. Market visualization. Source: Coin360 BTC is trading at $10,350 at press time — a 1.72% price decrease on the day. BTC has been mostly...Read More
The performance of some of the altcoins this year was nothing short of spectacular. The likes of Litecoin hiked by an impressive 387 percent, registering its yearly high of $145. Bitcoin did not shy away from its consistent growth as it reached a yearly high of about $13,800. It was currently valued at $10,362.3. Since...Read More
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="How can a network like Ethereum continue to sustain its community of developers with funding without relying on a central authority?” data-reactid=”19″>How can a network like Ethereum continue to sustain its community of developers with funding without relying on a central authority? <p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm"...Read More
Beyond Meat, which IPO’d earlier this year, decided combine its fake meat – ahem plant-based chicken – with Colonel Sanders’ 11 herbs and spices. Unless the idea is to inherit the stigma and calories that are generally associated with fast-food joints, this pairing is a terrible idea. KFC is synonymous with comfort food, and patrons...Read More
Popular cryptocurrency exchange Binance has released a crypto lending platform that allows users to earn a significant amount of guaranteed interest on their crypto holdings without having to expose themselves to any risk.Despite its promising nature, some investors are skeptical about Binance’s latest program, and are warning investors to use caution when engaging in anything...Read More
There’s good news, you’re not paranoid. They really are out to get you. Earlier this month, leading cryptocurrency intelligence firm CipherTrace published its quarterly report, and it makes for pretty grim reading. This year alone, a staggering $4.26 billion worth of cryptocurrencies have been hacked, stolen, or otherwise misappropriated by thieves and fraudsters. As these...Read More
The latest XRP wealth distribution statistics showed interesting insights into rising trends by the XRP holders over a period of three months. According to the latest XRP Richlist Stats, which monitors the trend line for the XRP wealth distribution, only 0.01% of the total XRP accounts have a balance of more than 14,231,299 XRP, which,...Read More
Pat Gelsinger, the CEO of major cloud computing and virtual machine company VMWare, has condemned Bitcoin (BTC) as being “bad for humanity.” Fortune spoke to Gelsinger about Bitcoin prior to VMWare’s annual conference in San Francisco on Aug. 26. According to Gelsinger, one issue with Bitcoin is its purportedly high energy consumption, which contributes to...Read More
Stellar Price Analysis (XLM/USD) On an intraday chart, stellar has recorded a strong selling pressure that has led to a dip in the volatility level. XLM/USD pair began the sell-off yesterday trading at $0.0717 that was followed by a steep fall that fluctuated the price down to closed at $0.0680 where it later tested the...Read More
The superintendente of “Nacional de Criptoactivos (SUNACRIP) in Venezuela, Joselit Ramírez, has appeared on national radio to encourage people to use the Venezuelan state-backed crypto asset, the petro. Ramírez reminded listeners that the “Sistema Patria” was now online for simple, secure remittance payments.Last year, the government of Venezuela became the first on the planet to...Read More
What’s bad for the global stock market is good for bitcoin, believes veteran economic theorist Max Keiser. The founder of crypto-only venture capitalist firm Heisenberg Capital turned bearish on equity markets, fearing that they would collectively fall by 15,000 points. He further envisioned that a stock market crash might prompt investors to take their capital...Read More
The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency. Though the promised guidelines for reporting still...Read More
A new piece of ransomware called Syrk will encrypt files on your hard drive while deleting entire folders if the ransom is not paid. The malware is based on the open source Hidden-Cry program, an encryptor that appeared online last December and has been the basis for many bits of malware over the past year. Image via...Read More
Switzerland aims to position itself as a European leader in the cryptocurrency world. This becomes apparent when looking at the adoption of crypto assets. Additionally, several banking licenses have been issued to what is referred to as “crypto banks” This is a clear sign the future of cryptocurrency looks somewhat promising. although no one should...Read More
Bitcoin price has been consolidating for what feels like ages now. After Bitcoin’s parabolic run-up, the leading crypto asset by market cap was rejected at $13,800 – just before it could break through the final bear market resistance.The post appeared first on NewsBTCRead More
The Ethereum Foundation (EF) announced that over $2.46 million in grants will be given to finance Ethereum 2.0 development. In a post published on the official blog on Aug. 26, EF announced that it has “granted financial awards to various client development teams. The teams in question are tasked with creating Test Networks (testnets) compatible...Read More
FINMA, the financial market regulator in Switzerland, has released a guide in line with FATF rules in order to target KYC/AML compliance for blockchain payments companies and cryptocurrencies. Any party that transacts in cryptocurrencies or transmits money over the blockchain is liable to comply with existing money laundering regulation in Switzerland, August 26, 2019. Blockchains...Read More
The protracted legal battle involving self-proclaimed Bitcoin (BTC) inventor Craig Wright and the estate of computer scientist David Kleiman could go in Keiman’s favor. According to a court audience member on Aug. 26, Judge Bruce Reinhart rejected Wright’s testimony, stating that he had perjured himself by providing the court with falsified documents and recommended that...Read More
A plethora of advances made by the XRPL developers in terms of solidifying XRP’s usage have enhanced the coin’s adoption rates. The creator of popular XRPTipBot, a platform that enables sending and receiving of XRP tokens on social media platforms like Discord, Twitter and Reddit, XRPL Labs’ Lead Developer Wietse Wind was on the forefront...Read More
Craig Wright must turn half of his bitcoin holdings and intellectual property to the estate of Dave Kleiman, a judge ruled Monday. The ruling applies to holdings and IP from before 2014. Magistrate Judge Bruce Reinhart recommended that plaintiffs be awarded 50 percent of the bitcoin that Wright held prior to Dec. 31, 2013, as...Read More
Last week marked the end of anonymous trading on IDEX, as the Ethereum-based exchange finalized the integration of KYC and AML protocols. As of last Friday, all users must have completed KYC and set-up an account in order to trade on the platform. When the team initially outlined plans for identity verification late last year,...Read More
Bitcoin price action over the weekend has been a virtual nail biter. The leading crypto by market cap, teetered on the edge of support for much of the weekend as bulls were able to successfully defend bears from pushing the price to retest lows at $9,200.But despite the valiant effort from bulls, bears were able...Read More
By CCN Markets: Bitcoin has a new bedrock support level, and for the first time ever, it’s in five-figure territory. According to the CEO and founder of the deVere Group, Nigel Green, Bitcoin’s “new normal bottom” is $10,000. “It bounces at this price. If it fluctuates below this level, it shoots back up again. We...Read More
Last week cryptocurrency prices bounced around after a majority of coins dropped in value on August 21. Today on August 26, digital currency markets have gained around 1.52%, gathering $4 billion since the initial slump. Despite the volatility, cryptocurrencies have consolidated and a few speculators believe a breakout is on the cards that could send...Read More
Binance Coin struggled this week after dropping by a total of 8.51% as it currently trades at around $26.31. Throughout the week, the cryptocurrency fell beneath the 100-days EMA and a long term rising support trend line. BNB has now dropped by a total of 21% over the previous 3 months. BNB remains the 6th...Read More
Since the recent drop from $11,000 t0 $9,800 as outlined in my previous analysis on BTC, price levels have created an asymmetrical triangle and will see a breakout next week. Bitcoin 1-Hour Analysis On the 1 hour chart for XBT/USD, we can see the asymmetrical triangle highlighted after the breakdown from the rising wedge as...Read More
Tether has maintained its prominence as the gateway coin in the financial ecosystem. Recently, the Tether ecosystem managed to create buzz after a whale transaction was caught by Twitter’s prominent crypto enthusiast @whale_alert, who tweeted, “? ? ? ? ? ? ? ? ? ? 46,140,337,592 #USDT (46,169,056,069 USD) transferred from unknown wallet to unknown...Read More
As we head towards the end of 2019, it’s worth taking a look at how bitcoin prices tend to perform in the final quarter of the year. Depending on which academic discipline you believe in, history either repeats itself… or is a poor indicator of the future. After over a decade of existence, bitcoin now...Read More
IOTA was trading at $0.3057 on 26-July-19 at 01:00 UTC. There were two sharp falls in the next two days, and the IOTA reached $0.2694 on 28-July-19 at 22:00 UTC. From 29-July-19 till about 8-Aug-19, the coin was moving at almost the same pace. Post-9-Aug-19, the price of IOTA gradually started to move downwards and...Read More
