The former United States president and current Republican presidential candidate, Donald Trump, is set to speak at one of the largest crypto events this month. A tweet by the official Bitcoin Conference X account revealed Thursday that Trump will be one of the speakers at the event, which is scheduled for July 25 to 27...Read More
The United States government has increased the reward offered for information on OneCoin co-founder Ruja Ignatova’s whereabouts to $5 million. According to an official release from the U.S. Department of State spokesperson in conjunction with the U.S. Embassy in Bulgaria, anyone who brings information leading to the arrest or conviction of Ignatova, popularly known as...Read More
Jesse Powell, the co-founder and chairman of the cryptocurrency exchange Kraken, has donated $1 million in digital assets to the United States presidential campaign of the pro-crypto candidate Donald Trump. In a Friday tweet, Powell revealed that the donation was mainly in ether (ETH). The Kraken founder has now declared publicly his support for Trump...Read More
The U.S. government has transferred $240 million worth of Bitcoin (BTC) to a Coinbase Prime address. According to Arkham Intelligence, the 3,940 BTC sent to Coinbase were originally forfeited from Silk Road vendor and narcotics dealer Banmeet Singh during his January trial. Seizures and Legal Actions In late 2021, the U.S. Department of Justice (DOJ)...Read More
Ripple chief executive officer Brad Garlinghouse has slammed Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), for his recent slander about most crypto executives going to jail. Garlinghouse stated in a tweet that Gensler and his approach to crypto regulation would cause U.S. President Joe Biden to lose the upcoming...Read More
Julian Assange, the founder of the non-profit media organization and publisher of leaked documents WikiLeaks, has been released from a United Kingdom prison after five years of staying behind bars. According to a tweet from the official WikiLeaks account, a high court in London granted Assange bail. The authorities released him at the Stansted airport...Read More
This week, investors are focusing on key reports that could provide insights into the U.S. economy’s health and outlook. The most anticipated is the Personal Consumption Expenditures (PCE) report, which serves as the Federal Reserve’s preferred inflation gauge. There are also reports on consumer sentiment and inflation expectations data that could rattle markets. Economic Events...Read More
On-chain experts have warned that political-themed meme coins will remain volatile for the next seven days or more as the United States presidential debate approaches. Bitfinex analysts said PolitiFi tokens have become speculative assets for the outcome of the upcoming elections; hence, they could witness dramatic rises and falls before, during, and after the debate...Read More
Crypto markets have remained relatively inactive over the weekend, maintaining gains made last week in the wake of spot Ethereum exchange-traded fund approvals in the United States. This week will see the release of more economic data such as consumer confidence and gross domestic product indicators. Economic Calendar May 27-31 Monday is Memorial Day in...Read More
American broadcaster and Bitcoin proponent Max Keiser believes the stablecoin issuer Tether and El Salvador, as well as the declining United States dollar (USD), will push BTC’s price to $220,000 in no distant time. In a Saturday tweet, Keiser said the USD is doomed because inflation will “sky harder,” while this happens, BTC will be...Read More
In a filing with the Securities and Exchange Commission this week, the State of Wisconsin Investment Board (SWIB) reported investments in spot Bitcoin ETFs from BlackRock and Grayscale. According to SWIBs Form 13F for Q1 2024, the $156 billion pension fund purchased $64 million worth of Grayscale’s GBTC, and $99.2 million worth of BlackRock’s IBIT,...Read More
Bitcoin is likely to remain within the current trading range until a more favorable macroeconomic environment arises. Taking into account the current market conditions, such as profit margins, leverage, and the distribution of coin ages, the landscape suggests a more expressive rally within this cycle. The target for CryptoQuant’s analyst stands at around the anticipated...Read More
Robert Kiyosaki has become one of the most vocal supporters of ‘real money,’ as he calls it, that includes gold, silver, and bitcoin. Simultaneously, he continues to bash ‘fake money’ like the US dollars. During his latest warning, Kiyosaki asserted that a potential gold-backed stablecoin launched by the countries in BRICS could lead to hyperinflation...Read More
Crypto markets remained flat over the weekend following a fall last week, dropping total capitalization to $2.38 trillion. This week’s economic calendar could induce more volatility as key inflation data is reported alongside a number of Federal Reserve speeches, which could indicate the direction of monetary policy going forward. Economic Calendar Tuesday will see the...Read More
The US Securities and Exchange Commission (SEC) has postponed its decision on whether to approve or disapprove the proposed Invesco Galaxy spot Ethereum exchange-traded fund (ETF) product for the third time. With the latest delay, the agency has until July 5 to make its final decision on the spot Ether ETF application. The SEC announced...Read More
Over time, the United States government, through its regulatory agencies, has filed cases against several crypto firms, demanding compliance for their products and services. While the list is extensive, some cases have stood out, like lawsuits against decentralized protocols like Uniswap, crypto mixing platforms like Tornado Cash, and big firms like Binance and Coinbase. The...Read More
The United States Department of Justice (DOJ) has charged and arrested Roger Ver, an early BTC investor known as Bitcoin Jesus, for evading taxes of up to $50 million. According to an official release, the DOJ unsealed the indictment against Ver on April 29 and ordered his arrest in Spain during the weekend. U.S. DOJ...Read More
United States prosecutors have alleged that two co-founders developed a crypto mining service called Samourai Wallet that conducted unlawful transactions worth $2 billion. The co-founders each face charges of money laundering and unlicensed money transmitting business, with the former carrying a maximum prison sentence of 20 years. Samourai Wallet Allegedly a ‘Safe Haven’ for Criminals...Read More
Bitcoin’s fourth halving is already in the history books, and the block rewards have been reduced to 3.125 BTC. Although historically the event has been named the catalyst of a new bull cycle, there’s a lot of controversy now, with many claiming that the effects of this halving are declining. Aside from that, though, there...Read More
The predictions for the US economy continue to be gloomy. “Rich Dad Poor Dad” author Robert Kiyosaki bluntly stated that the American economy is in a depression. He defined depression as an economy experiencing subpar growth – even though it is technically growing, it’s below its potential. To support his claim, Kiyosaki pointed out that...Read More
Hong Kong regulators recently approved spot Bitcoin and Ethereum exchange-traded fund applications, but Bloomberg ETF analyst Eric Balchunas predicts that the local ETF market may not perform as well as the US due to the current lack of big players and the possibility of high fees. According to Balchunas, the Hong Kong Bitcoin and Ether...Read More
American tech giant Google recently filed a lawsuit against two developers for uploading almost 90 fraudulent crypto investment applications on its online store, Google Play, which they used to defraud unsuspecting victims. Despite the company’s previous attempts to take down fraudulent apps from its Play Store, the alleged scammers found a way to upload more...Read More
Bitcoin’s price action remained choppy this week. Its recovery to $69,000 remained brief after a massive plunge below $65,000. Nonetheless, the resurgence has sparked significant discussion within the community. The drop is largely attributed to the US government’s move to sell its BTC stash from the Silk Road seizure, with plans for four more similar...Read More
The United States government may be selling more of its massive Bitcoin (BTC) stash, potentially piling more sell pressure onto the crypto market, according to blockchain data. On-chain sleuth ZachXBT noted on Tuesday that government controlled Bitcoin tied to Silk Road initiated a small transaction to Coinbase – the crypto exchange previously used by the...Read More
On April 1, the macroeconomics outlet Kobeissi Letter released the key events for this week’s busy economic calendar in the United States. As crypto markets brace for another data-heavy week, volatility could return, with Bitcoin approaching resistance levels at its all-time high. Crucial job market reports are scheduled to be released on Friday, and Fed...Read More
Major crypto exchange KuCoin, along with two of its founders, was alleged to have failed to implement anti-money laundering (AML) and know-your-customer (KYC) procedures. According to prosecutors, the absence of AML and KYC on KuCoin enabled the platform to be used to launder illicit funds from criminal proceeds. KuCoin and Founders Slammed With Charges In...Read More
As the much-anticipated Bitcoin halving event looms in late April, a migration of outdated mining equipment from the United States to regions offering cheaper electricity is underway. This migration is driven by the need to maintain profitability due to reduced mining rewards and escalating operational costs. US Bitcoin Miners Prepare for Halving According to a...Read More
After a series of back-and-forths regarding Do Kwon’s extradition, it appears that the Terraform Labs co-founder and former CEO may finally be handed over to South Korean authorities after the Appellate Court of Montenegro confirmed a previous decision to extradite him to his native country. Terraform Labs’ Chief Executive Officer, who was arrested in March...Read More
The United States Securities and Exchange Commission (SEC) has charged 17 individuals for allegedly perpetrating a cryptocurrency Ponzi scheme that defrauded thousands of Latino investors in the country for approximately $300 million. According to an official release from the regulator, the alleged fraudsters operated under a company named CryptoFX LLC, which is based in Houston,...Read More
Following his arrest nearly three years ago, a Jury in a US federal district court found Roman Sterlingov, operator of the crypto mixer Bitcoin Fog, guilty of a four-count charge regarding money laundering. The founder of Bitcoin Fog faces up to a maximum of 50 years in prison for all his charges. Sterlingov Convicted According...Read More
