A Bulgarian national was sentenced to serve ten years in prison after a major crypto-related fraud. Not long ago, the man was convicted in a transnational multimillion-dollar scheme to defraud over 900 American citizens. An Auction Fraud That Victimized over 900 Americans According to an official announcement by the United States Department of Justice, Rossen G....Read More
With the initial deadline for comments long expired, FinCEN has decided to extend the comment period for its proposed controversial crypto regulation for an additional 15 days. FinCen Sets New Deadline The Financial Crimes Enforcement Network (FinCEN), an office of the U.S. Department of Treasury, announced the news of the extension via a press release...Read More
Cameron and Tyler Winklevoss are reportedly exploring the option of making their cryptocurrency exchange Gemini public. The brothers could follow the steps of other US-based digital asset-related companies with similar intentions, such as Coinbase and Bakkt. Gemini To Go Public? Bloomberg reported today that the founders of the US-based crypto exchange Gemini are open to...Read More
Many in the cryptocurrency field have recently discussed the upcoming January 15th date as an important consideration for the ongoing case between the office of the New York Attorney General (NYAG) and iFinex, the parent company of Bitfinex and Tether. With this in mind, below is a comprehensive summary of what happened and what to...Read More
Twitter’s CEO Jack Dorsey has issued a statement in which he defended the social media’s decision to ban the account of US President Donald Trump. Interestingly, the executive also took a moment to praise bitcoin’s decentralized nature, saying that the Internet should strive to be more like it. The History Of Trump’s Social Media Bans...Read More
The NASDAQ-listed business intelligence giant MicroStrategy will host an online conference to educate large organizations about the potential merits of investing in bitcoin. Called “Bitcoin for Corporations,” the initiative has also received support from other industry giants such as Gemini, Binance, Coinbase, Fidelity, Grayscale, and more. Bitcoin For Corporation Coming In February The company’s founder...Read More
Anchorage, a crypto custodial service, has become the first to receive a national trust charter from the United States Office of the Comptroller of the Currency (OCC). The move puts the firm in the position to claim the mantle of the first U.S.-based national crypto bank. Anchorage Digital Bank Scores OCC Approval According to a...Read More
Sequel to its removal of XRP from its diversified public crypto fund, Grayscale Investments has announced the dissolution of its XRP Trust. The move is another fallout from the current enforcement action instituted by the U.S. Securities and Exchange Commission (SEC) against Ripple. Grayscale Terminates XRP Trust Grayscale announced the decision to dissolve its XRP...Read More
According to a recent notice from trading giant eToro, customers have been advised that there could be disruptions to its cryptocurrency trading services due to ‘unprecedented demand’. It went on to state that it is seeing ‘unprecedented conditions on crypto markets’ as Bitcoin prices and total market capitalization hovers just below their all-time highs. eToro...Read More
New Zealand’s financial regulator has warned investors of the dangers of investing in Bitcoin. The comments were aimed at the recent fluctuations in the price of the major cryptocurrencies, which have shown quite the amplitude. Negativity, Led By The Recent Ups and Downs of BTC Price New Zealand’s Financial Markets Authority (FMA) has issued a...Read More
In yet another somewhat disappointing turn of events for Ledger users, the company has just revealed that they’ve discovered that the customer records for 20,000 ‘new’ users has been leaked during an incident with Shopify from back in the summer of 2020. In its most recent update, the cryptocurrency hardware wallet manufacturer Ledger revealed that...Read More
The topic of working COVID-19 vaccines has been widely discussed ever since the virus started spreading globally last year. Although a few have already been approved, their distribution faces difficulties and delays. This has prompted fraudsters to take advantage by promoting vaccines on the dark web and requesting up to $1,000 per dose paid via...Read More
The largest US-based cryptocurrency exchange Coinbase has issued a formal apology for users in the UK and the EU region. The company acknowledged that its services have been unstable because of the high number of new registrations and the latest regulatory requirements. More Users Led To Problems On Coinbase Coinbase users located in the UK...Read More
Investing in cryptocurrencies carries risks of its own. Apart from the highly volatile price, investors who store their funds on external wallets (and not exchanges) need to save and protect the information that will enable them to access the assets. In case someone loses their private keys (essentially a password for the wallet), this could...Read More
Bitcoin prices are currently trading just over 20% down from their all-time high last week of $42,000. Things looked like recovering on Tuesday, January 12, but the ‘lower high’ posted indicates the prices have further to fall and the correction is not over yet. At the time of writing, Bitcoin was trading at $33,000, down...Read More
Less than a year after acquiring a substantial portion in the Hong Kong-based crypto-focused firm BC Technology Group, Fidelity International has upped its stake. The investment subsidiary of the Boston-based mutual fund giant has allocated nearly $7 million more for a total stake of 6.29%. Fidelity Doubles-Down On Investing In A Crypto Firm Bloomberg reported...Read More
Central District Court in California sentenced GemCoin founder Steve Chen to 10 years in federal prison. Chen has been announced guilty of being the mastermind and leader of a $147 million crypto Ponzi scheme that involved mining and digital currency fraud, and tax evasion. Over 70,000 Investors Defrauded with Gemstone-backed Crypto According to the US Department...Read More
Mark Cuban is arguably one of the most popular billionaire investors in the world. Like many celebrities, he recently took the chance to comment on the current state of cryptocurrencies, comparing Bitcoin and Ethereum to the internet stock bubble. Mark Cuban: Crypto is Exactly Like the Dot-Com Bubble The recent volatility in bitcoin’s price took...Read More
The reasoning behind such a claim is that an approved ETF could potentially compete with and cause an outflow from the world’s largest traded cryptocurrency fund, Grayscale’s Bitcoin Trust. It was suggested that the ETF would erode the Grayscale Trust’s effective monopoly, sparking outflows and a slide in its premium to net asset value. This...Read More
The leading cryptocurrency exchange Binance has teamed up with an Israeli blockchain company called Orbs to be the first core sponsors of a DeFi-related program. Dubbed DeFiOrg accelerator, it aims to enhance the research, development, and community engagement in the decentralized finance field. Binance And Orbs Sponsor DeFi Accelerator The Malta-based digital asset exchange announced...Read More
The Bitcoin futures platform launched in 2018 by Intercontinental Exchange (ICE) has entered into a “definitive agreement” for business cooperation that will lead to becoming a publicly-traded company with an enterprise value of over $2 billion. The company has also appointed a new CEO. Reports emerged last week suggesting that Bakkt was negotiating a strategic...Read More
Scott Minerd, the CIO of the Wall Street behemoth Guggenheim Partners that recently decided to allocate funds in BTC, said that bitcoin’s recent price increase was unsustainable in the short term. Furthermore, he advised that it was time to take some money off the table, but speculations arose if this is part of Minerd’s master...Read More
As Bitcoin cools from its recent all-time high, HSBC has become the latest banking giant to restrict what its customers can invest in by preventing them from transferring any profits from crypto exchanges to their bank accounts.ban According to a recent report in The Sunday Times, HSBC has blocked transactions to or from crypto exchanges...Read More
In a recent Twitter reply, the CEO of Tesla and SpaceX admitted that he wouldn’t turn out getting paid in Bitcoin. His statement came as a reply to Ben Mezrich, the author of Bitcoin Billionaires. Ben Mezrich and Elon Musk on Bitcoin A couple of days ago, Ben Mezrich, the author of Bitcoin Billionaires: A True Story...Read More
It has taken roughly seven years, but one of Cameron Winklevoss’ bitcoin price predictions has materialized. Back in 2013, the Gemini co-founder and long-term BTC supporter said that the cryptocurrency will reach a price tag of $40,000 faster than anyone imagines. 2013 Winklevoss Prediction Comes True Back in December 2013, Cameron Winklevoss, previously known for...Read More
A recent report informed of a new type of malicious operation that has been active for over a year and has targeted thousands of cryptocurrency users. Dubbed ElectroRAT, it’s written from scratch to work on various operating systems and promoted via dedicated forums and marketing campaigns. A New Threat For Crypto Users The cybersecurity company...Read More
There is no denying that institutions and the big players have been the catalyst for this current crypto market cycle and that notion has been reaffirmed by Morgan Stanley’s latest acquisition. According to reports, Morgan Stanley’s investment management arm boosted a stake in Bitcoin vehicle MicroStrategy Inc. to more than 10% late last year. The...Read More
The Vietnamese financial institution will reportedly initiate the provision of letters of credit (L/C) on the blockchain, aiming at better and safer transactions for its clients. Becoming a “Happy Digital Bank” Vietnamese bank HDBank has announced it will issue letters of credit (L/C) using blockchain technology. According to a recent report, the major financial institution will...Read More
Over the past seven days, Bitcoin gained more than $11,000 to break above the coveted mark of $40,000. Meanwhile, the entire cryptocurrency market cap surged above $1 trillion for the first time in history. The week started off with bitcoin’s price trading around $29,000, but no one was expecting what happened next. Day after day,...Read More
After an unplanned four-year holding of nearly 2,000 bitcoins, Finland’s Customs has decided to sell them now. Local authorities seized most of them after Darknet drug-trafficking investigations in 2016, but their value has expanded by about 100x since then. The Right Moment to Sell Finland’s Customs is planning to sell 1,981 bitcoins, most of which...Read More
