Bitcoin bulls ignore PPI shock as whales fuel BTC price run to $102K

The world has been slowly recovering from the COVID-19 pandemic, while some countries are bracing themselves for a potential second wave, but the economic downturn in many fields is imminent. This has spurred debates on the current model of a cash-based society, which claim that it had become outdated long before the crisis struck the…

The website for cryptocurrency Ponzi scheme OneCoin has finally ceased operating, months after United States authorities indicted one of its founders for fraud.As MLM scam monitoring resource BehindMLM.com noted on Dec. 1, OneCoin.eu no longer returned a live result as of Nov. 30. “Legal investigation” offlines OneCoin.euUpon investigation, a representative from EurID, the domain’s registry, confirmed…

Grab, Southeast Asia’s Uber-like super app, is working with the USDC issuer Circle to enable Web3 services for its 187 million users. 220 Total views 4 Total shares Grab, Southeast Asia’s super app and the biggest technology startup in the region, is piloting Web3 services in Singapore in collaboration with the USD Coin (USDC) issuer

It’s unclear why authorities outright destroyed the miners rather than attempting to reap some value, but they could still be sold for scrap. 417 Total views 2 Total shares Authorities in Malaysia destroyed more than $1.2 million worth of Bitcoin mining rigs after they were confiscated for operating illegally.In a video posted today from local…

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Circle has published filings revealing it is cooperating with a subpoena from the SEC that it received in July. 1163 Total views 21 Total shares Circle, the company behind the world’s second-largest stablecoin USD Coin, has been subpoenaed by the U.S. Securities and Exchange Commission (SEC).According to an Oct. 4 regulatory filing from Circle, the…

The initiative was announced Nov. 24 by CEO Chengpang Zhao (CZ) as an effort to “protecting consumers and rebuilding the industry.” 484 Total views 5 Total shares Binance announced Nov. 24 that it is spearheading the creation of a so-called Industry Recovery Initiative (IRI) on BloombergTV. New details about the project to “to lead the…

A media copyright protection alliance has been established in Beijing to provide copyright protection services using blockchain technology, according to the Chinese state-owned International Finance News on Dec. 19.The newly established alliance — the "China Financial Media Copyright Protection Alliance" — involves more than 30 major financial media outlets such as International Finance News, Economic…