One out of four men, alleged in a $722 million Ponzi scheme, has pleaded guilty on his charges before а U.S. District Judge. The Romanian programmer Silviu Catalin Balaci, 35, faces a penalty of prison and a fine for a long-running cryptomining fraud with partners. Defrauding Investors Of More Than $722M Balaci was arrested earlier...Read More
It’s safe to say that July has been relatively dull for Bitcoin when it comes to price action. The major cryptocurrency spent the last week trading in a range between $9,100 and $9,400 without any major fluctuations. It’s also worth noting that legacy markets and Bitcoin’s price remain aggressively correlated. In fact, a lot of...Read More
The US Commodity Futures Trading Commission (CFTC) published a new set of regulations for derivatives assets, including cryptocurrencies. The agency is developing comprehensive rules for digital assets to promote innovation in the field. CFTC’s New Legislation For Cryptocurrencies The CFTC is the US’s derivatives regulator. According to the chairman, Heath P. Tarbert, derivatives, including futures,...Read More
US privacy advocates are worried that the 4th amendment does not protect Bitcoin transactions after a court ruled that the FBI agents hadn’t violated the law when they accessed data of Coinbase clients. Bitcoin Transactions Reveal Deeply Personal Information A week ago, CryptoPotato reported that a three-judge panel of the Court of Appeals for the...Read More
The leading US-based cryptocurrency exchange and one of the biggest companies in the industry, Coinbase, reportedly prepares for an official stock market listing. Coinbase Prepares for Stock Market Listing According to a report filed by Reuters minutes ago, the leading US-based cryptocurrency exchange, Coinbase, has started making preparations for a stock market listing. Should the...Read More
Another popular figure in the cryptocurrency field has decided to take his chances with the 2020 US Presidential Elections. According to a press release, Pierce will be running as an Independent candidate for the elections that are to take place on November 3rd this year. Brock Pierce’s Presidential Race In a somewhat interesting turn of...Read More
Blockchain utilization is continuously rising in various countries across the world, a recent report revealed. It outlined that US-based companies have been awarded the most substantial number of patents for blockchain endeavors, but the Chinese multinational giant Alibaba is the single entity to receive the most. Blockchain Patents Across The Map The report from the...Read More
A Fifth Circuit panel of three judges ruled against Richard Gratkowski’s appeal that Fourth Amendment rights should protect Bitcoin data. The panel ruled that the FBI agents who subpoenaed cryptocurrency exchange Coinbase to track Gratkowski’s payments to a child pornography website acted according to the law. 4th Amendment Doesn’t Hinder US Law Enforcement to Track...Read More
Lawyers operating in the US capital Washington DC can accept cryptocurrencies as a legal payment method, said the District of Columbia Bar Association (DCB). Consequently, DC has become the fourth US jurisdiction to allow digital assets to be used for attorney payments. Washington DC Lawyers To Accept Crypto According to the ethics opinion published by...Read More
Gold’s price reached an 8-year high this week, and a Goldman Sachs projection sees the precious metal to continue rising in the next twelve months to $2,000 per troy ounce. At the same time, famous gold-bug Peter Schiff believes its price could reach a new all-time high even before the end of the year, especially...Read More
An unknown cybercriminal group from Eastern Europe has stolen nearly $200 million from cryptocurrency exchanges based primarily in the US, Japan, and Israel, a report revealed. Eastern European Hackers Group Steals $200M According to the report citing the research compiled by the cybersecurity firm ClearSky, the unknown group – referred to as “CryptoCore” – has...Read More
The last seven days weren’t so fruitful for Bitcoin. After trading in a relatively narrow range for a while before that, the BTC price gradually increased to about $9,700 on Wednesday. On the same day, however, the price tumbled during the same day and started declining. Immediately after that, Bitcoin retraced to about $9,000 before...Read More
Vitalik Buterin, the co-founder of Ethereum, has recently stated that interest rates on decentralized finance protocols that are significantly higher compared to those in traditional finance come with unstated risks attached. Vitalik Buterin on High DeFi Interest Rates The co-founder of Ethereum and one of the most prominent members of the cryptocurrency community, Vitalik Buterin,...Read More
More companies are utilizing blockchain, reveals a recent study compiled by the multinational professional service network Deloitte. Interestingly, the Asia-Pacific region appears to be leading on the matter with the most use cases employing the distributed ledger technology (DLT). Blockchain Matures Deloitte surveyed nearly 1,500 senior executives and practitioners from large companies from 14 countries,...Read More
According to a new publication of the Federal Reserve Bank of New York, Bitcoin is not a new type of money. The authors argue that it’s a new type of exchange mechanism, capable of supporting money transfer. The well-known economist and author Peter Schiff backed up the claims, reiterating that once savers lose confidence in...Read More
The last seven days were relatively calm when it comes to Bitcoin as it marks a slight decrease of less than 1%. However, on June 15th, the price dropped to about $9,000, but it managed to recover very quickly and has traded in a narrow range since. Overall retail interest in the asset seems to...Read More
Changpeng Zhao, the CEO of the world’s leading cryptocurrency exchange, Binance, recently highlighted the importance of anti-addiction notices when trading high-risk products such as options. This comes days after a 20-year old tragically took his life after seeing a $730,000 negative balance on the popular retail trading app Robinhood. A Tragic Story On June 12th,...Read More
President Donald Trump has urged Treasury Secretary Steven Mnuchin to “go after Bitcoin” as early as mid-2018 amid the ongoing trade war with China, according to an unpublished book written by his former national security advisor John Bolton. Trump Against Bitcoin President Trump has not been supportive of any cryptocurrency as he pointed out himself...Read More
The research and development team of the American newspaper The New York Times has tested a blockchain-based project to address the growing issue of misleading information in the online space. NYT Turns To Blockchain For Validating Info In its recent report, the NYT outlined the problem of misinformation, primarily when it comes down to pictures...Read More
At this point, it seems like $10,000 indeed is a coveted level for Bitcoin bulls. Another week passed, and we saw yet one more failed attempt to reclaim this level. Interestingly enough, it happened minutes after the US Federal Reserve concluded its two-day June meeting, confirming near-zero interest rates for the short- and medium-term. In...Read More
Brian Brooks, the former chief legal officer of Coinbase, was recently appointed to serve as the interim head at the Office of the Comptroller of the Currency (OCC) in the Trump administration. Brooks has shown openness to exploit the merits of blockchain and cryptocurrency at his new position, according to a recent interview. Trump’s Head...Read More
Global stock markets are tumbling today as fears of a second coronavirus (COVID-19) wave grow stronger. Reports have it that there’s a rising trend of new cases in the US and across the world, and this has evidently taken its toll on the economy as well. Equities Tumble Amid Fears of Coronavirus Reignition The World...Read More
A study compiled by the American multinational financial services corporation Fidelity Investments informed that a third of large institutional investors own a form of cryptocurrency. The highest level of interest came from Europe, followed by the US. Institutional Investors Choose Cryptocurrencies According to the report from Bloomberg citing the survey from Fidelity, 36% of all...Read More
Recently emerged public documents indicate that the largest US-based cryptocurrency exchange –Coinbase – plans to sell blockchain analytics software to two US government agencies. At the same time, a Twitter poll suggests that almost 50% of participants would delete their Coinbase accounts. Coinbase To Sell Analytic Software To Government Agencies? The public records link the...Read More
To say that this week has been a wild ride is definitely an understatement. Bitcoin’s price went nuts and kept everyone on edge. In the span of 24 hours, BTC went to surge from $9,400 to almost $10,500 and then back to $9,400 and even lower down to $8,600 on BitMEX. This whole ordeal saw...Read More
The President of the United States, Donald Trump, has tapped Hester Peirce for a second term as a member of the Securities and Exchange Commission (SEC) as her current one is set to expire on June 5th, 2020. Peirce is a vocal defendant of Bitcoin as she opposed the rejections of a Bitcoin-based ETF by...Read More
Jerome Powell, the current Chair of the US Federal Reserve, recently stated that an Ethereum-backed blockchain project operating as a reference rate – called AMERIBOR – could serve as a potential replacement to LIBOR. Blockchain Project To Replace LIBOR? The London Interbank Offered Rate (LIBOR) has a significant role in global finance. It’s utilized to...Read More
The United States government has recently added a top Venezuelan official to its list of most-wanted fugitives while offering millions of dollars as rewards to anyone who can provide useful information that would lead to his arrest. A Monday statement revealed that the U.S. Immigration and Customs Enforcement’s (ICE), a unit of the Homeland Security...Read More
The death of George Floyd at the hands of Minneapolis police ignited a series of widespread riots throughout the United States. With more than 25 cities in lockdown, protesters and the police continue their violent clash. People are protesting against supposed police brutality in a manner that’s everything but civil. Stores are being looted, and...Read More
Renowned pop-star music video director Joseph Kahn recently revealed that trading cryptocurrencies has been his hobby for the last month. World-Famous Video Director Says He Is Trading Crypto In a recent post on his personal Twitter profile, Kahn shared that he has been into his new hobby for a month now, and is even already...Read More
