Category: News

Despite Covid-19 Negativity, Crypto Prediction Markets Say Trump Wins the 2020 Election

According to a number of crypto prediction markets and futures, Trump will still win the election in 123 days, but his chances have lessened a great deal. No matter who wins, however, the large sums of money flowing into these wager platforms indicate that people love to bet on election outcomes. It’s been roughly four […]

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Investment Firm Arcane Crypto to Go Public via $33 Million Reverse Merger

Investment Firm Arcane Crypto to Go Public via $33 Million Reverse MergerArcane Crypto, a Norway-based investment company, said Thursday that it is planning to go public through a reverse takeover by Vertical Ventures, a publicly traded Swedish firm. Vertical Ventures will buy Arcane Crypto for $33 million by issuing over 6.6 billion new shares. Each share cost $0.005 or half a cent, according to a statement […]

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Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in Circulation

Trouble in Defi Paradise: Compound-Issued DAI Surpasses DAI in CirculationA number of cryptocurrency proponents have been discussing the stablecoin DAI this week, as the DAI allegedly held on the Compound platform is much larger than what is recorded in circulation. At press time, Compound statistics show there’s $523 million worth of DAI held in reserves, while the web portal daistats.com shows there’s only 160 […]

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UK Court Denies Maduro Access to $1 Billion of Venezuela’s Gold

UK Court Denies Maduro Access to $1 Billion of Venezuela's GoldThe UK is denying Nicolas Maduro access to Venezuela’s gold worth about $1 billion, stored at the Bank of England. The UK High Court has ruled that the country does not recognize Maduro as president of Venezuela, blocking him from accessing the much-needed gold. England Denies Maduro Access to Venezuela’s Gold Nicolas Maduro’s attempt to […]

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Crypto Use-Cases in Africa on the Rise, According to Luno

Crypto Use-Cases in Africa on the Rise, According to LunoTwitter and Square CEO, Jack Dorsey recently said “Africa will define the future (especially the Bitcoin one!)” But was he right? Crypto in Africa on the Rise Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months […]

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Russian Court: Bitcoin Theft Not a Crime

Russian Court: Bitcoin Theft Not a CrimeA Russian district court has dismissed bitcoin theft as a crime since cryptocurrency is not regulated in Russia and there is no legal status for bitcoin. The accused were found guilty, sentenced to prison, and ordered to return only the fiat money stolen — not cryptocurrencies. St. Petersburg’s Petrogradsky District Court has announced the verdict […]

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Localbitcoins 2019 Revenue Rises 10% to $29.6 Million Amid Increased Paxful Competition

Localbitcoins 2019 Revenue Rises 10% to $29.6 Million Amid Increased Paxful CompetitionPeer-to-peer (P2P) crypto exchange Localbitcoins has reported that 2019 revenue rose 10% to $29.6 million from $27 million a year ago. For the year, operating income fell 6% to $19.9 million from $21.2 million the year before. Localbitcoins did not provide detail about net profit. The Finnish marketplace said about $2.8 billion in volume was […]

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$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank Accounts

$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank AccountsGovernments in nearly 100 countries have been sharing offshore bank account information in an effort to crack down on tax evasion. Their “Automatic exchange of information” has led to uncovering 10 trillion euros ($11 trillion) in offshore assets in 84 million bank accounts. The Organisation for Economic Co-operation and Development (OECD) said on Tuesday that […]

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A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies

A 'Significant Increase': UK Regulator Says 2.6 Million Residents Have Bought CryptocurrenciesThe UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which were from non-UK cryptocurrency exchanges. UK Regulator’s Crypto Survey The Financial Conduct Authority (FCA), which […]

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Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto Donations

Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto DonationsThe founder of Freedomain, philosopher and alt-right activist, Stefan Molyneux, received more than $100,000 in cryptocurrency donations after he was banned from Youtube on June 29, 2020. Stefan Molyneux is well known for his Youtube videos, podcasts, and books. His early Youtube videos describing the benefits of bitcoin have been lauded. While getting over $100k […]

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Brewdog Tokyo Accepts Bitcoin Cash Payments: Local BCH Meetup Gathers to Celebrate

Brewdog Tokyo Accepts Bitcoin Cash Payments: Local BCH Meetup Gathers to CelebrateOn July 1, 2020, the popular eatery and bar in Japan, Brewdog Tokyo, started accepting bitcoin cash payments for products and services. The establishment is the third Brewdog bar to accept bitcoin cash, as the cryptocurrency is accepted at the London and Budapest locations as well. In order to celebrate Brewdog Tokyo supporting bitcoin cash, […]

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Bamboozled: Gavin Andresen Says He Could Have Been Fooled by Craig Wright, BSV Supporters Speak Out

This week a number of Kleiman v. Wright lawsuit depositions have recently published and are now available for public viewing. One specific deposition with the former Bitcoin Core lead maintainer, Gavin Andresen, casts doubt on the claim that Wright is Satoshi Nakamoto. Moreover, the Bitcoinsv supporter Daniel Krawisz has been speaking out about Wright and […]

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Indian Crypto Banks and Exchanges See Massive Growth Amid Rising Covid-19 Crisis: Survey

Indian Crypto Banks and Exchanges See Massive Growth Amid Rising Covid-19 Crisis: SurveyThe crypto industry in India is experiencing massive growth, according to a new survey of crypto banks and exchanges. Despite the country’s deepening coronavirus crisis, crypto exchanges say trading volumes and the number of signups continue to grow substantially. India’s Cryptocurrency Trading 2020 Indian media agency Bit2buzz has conducted a survey of local crypto banks […]

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Bitcoin.org Maintainer Calls for the Removal of Cobra, Website Owner Then Fires Him

Bitcoin.org Maintainer Calls for the Removal of Cobra, Website Owner Then Fires HimThe infamous and controversial owner of the website bitcoin.org, Cobra, is under fire recently and a number of community members have asked to see the website removed from his possession. The initial argument was sparked by the website’s maintainer, Will Binns, who told the public that bitcoin.org was in “danger of being compromised.” Since then, […]

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Lebanon’s Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout Stalled

Lebanon's Financial Meltdown: Currency Plunges 80%, Huge Losses at Central Bank, IMF Bailout StalledThe financial crisis in Lebanon has seen its currency, the Lebanese pound, fall 80%. The International Monetary Fund (IMF) has estimated that the country’s central bank has accumulated losses as much as 170 trillion pounds. The disagreement between the Lebanese government and the central bank has stalled bailout discussions. The economic and financial crisis in […]

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Jim Rogers, Mark Cuban, Peter Schiff Will ‘Go All-In’ on Bitcoin — Max Keiser

Jim Rogers, Mark Cuban, Peter Schiff Will 'Go All-In' on Bitcoin — Max KeiserMax Keiser believes that bitcoin naysayers like Jim Rogers, Mark Cuban, and Peter Schiff will go all-in and invest big in bitcoin when they understand it. He guarantees this to be the case, having predicted that the price of bitcoin will reach $400,000. Max Keiser and the Bitcoin Naysayers Popular television personality Max Keiser firmly […]

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‘Casino Jack’ Abramoff Charged in AML Bitcoin Cryptocurrency Fraud Case, Could Return to Prison

'Casino Jack' Abramoff Charged in AML Bitcoin Cryptocurrency Fraud Case, Could Return to PrisonJack Abramoff, the lobbyist behind one of the biggest Washington lobbying scandals as portrayed in the feature film Casino Jack, has been charged in connection with AML bitcoin cryptocurrency. He faces returning to jail after previously serving three and a half years in prison. Jack Abramoff Charged in Cryptocurrency Fraud Case The U.S. Department of […]

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Wirecard: Crypto Card Users’ Funds Locked as UK Regulator Suspends Subsidiary

Wirecard: Crypto Card Users' Funds Locked as UK Regulator Suspends SubsidiaryUK Financial Conduct Authority (FCA) on Friday suspended the license of Wirecard Card Solutions (WCS), a unit of troubled Wirecard AG, which is responsible for issuing Visa cryptocurrency debit cards. It means some users of cards such as Crypto.com’s Mco visa debit card and Tenx’s visa debit card may not be able to access their […]

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Final Judgment: Telegram to Pay Crypto Investors Back $1.2 Billion, US Court Orders

Final Judgment: Telegram to Pay Crypto Investors Back $1.2 Billion, US Court OrdersThe dispute between Telegram and the U.S. Securities and Exchange Commission (SEC) is coming to a close as the final judgment has been filed. Telegram has been ordered to pay back $1.2 billion. The company must also pay the SEC a fine of $18.5 million. Final Judgment in Case of SEC vs. Telegram The final […]

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Online Data Analysis Points to Venezuela Accepting BTC for Passports

Online Data Analysis Points to Venezuela Accepting BTC for PassportsDuring the last week, a number of bitcoiners have been discussing Venezuela’s Administrative Service for Identification, Migration, and Foreigners, also known as SAIME accepting bitcoin payments for passport applications and renewals. A number of crypto journalists couldn’t confirm whether or not it is true, but evidence shows that SAIME was and still might be accepting […]

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Self-Proclaimed Satoshi Claims He’s Autistic, Judge Tosses Out Sanctions Against Craig Wright

Self Proclaimed Satoshi Claims he's Autistic, Judge Tosses Out Sanctions Against Craig WrightThe Kleiman v. Wright case is seemingly headed to trial on July 6, 2020, after Judge Beth Bloom ruled against the Kleiman’s attempt to levy sanctions against Craig Wright, the man who claims to be Satoshi Nakamoto. It seems Wright has claimed that a licensed clinical psychologist diagnosed him with “Autism Spectrum Disorder with high […]

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Wirecard $2 Billion Scandal: Firm Files for Insolvency, Ex-CEO Arrested, User Funds Safe

Wirecard $2 Billion Scandal: Firm Files for Insolvency, Ex-CEO Arrested, User Funds SafeScandal-hit crypto card issuer Wirecard AG, a firm that has filed for insolvency because of its missing $2.1 billion – but customer funds appear to be safe, for now. The news comes just two days after former chief executive officer Markus Braun was arrested by German police on allegations of falsifying accounts and market manipulation. […]

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US Senators Introduce ‘Lawful Access to Encrypted Data Act’ — With Backdoor Mandate

US Senators Introduce 'Lawful Access to Encrypted Data Act' — With Backdoor MandateUS lawmakers have introduced the Lawful Access to Encrypted Data Act to ensure law enforcement can access encrypted information. This bill is “a full-frontal nuclear assault on encryption in the United States,” one expert says. It requires manufacturers of encrypted devices and operating systems to have the ability to decrypt data upon request, creating a […]

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Bitcoin Cash-Fueled Blogging Website Read.cash Raises Over $100K for Collective Initiative

A few months ago news.Bitcoin.com reported on the web portal read.cash, a blogging website fueled by bitcoin cash that rewards users in crypto for producing content. Just recently, read.cash initiated a fund that aims to provide the blog’s regular users with more paid upvotes by raising funds through a “collective initiative.” On June 25, read.cash […]

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