Bitcoin ‘potentially reached’ local bottom, Bitfinex says
Bitfinex analysts pointed out several reasons suggesting that Bitcoin’s bloodbath should be over soon.
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Millions of Online Retailers Can Now Accept DAI on Coinbase Commerce
Coinbase Commerce, a platform that supports cryptocurrency payments for internet retailers, has added MakerDAO’s DAI stablecoin as a supported payment method this week. This integration will let merchants around the world accept the USD-pegged stablecoin as payment for goods and services without Coinbase Commerce taking any extra fees.Merchants can add a “pay with crypto” button to…
27,000 requests last year: Collaboration key for Binance’s Investigations team
Historical crime has left a proverbial black mark on the cryptocurrency ecosystem with multi-million dollar hacks, scams and fraud cases grabbing headlines around the world.Various research reports have highlighted the use of cryptocurrencies for illicit means, with varying degrees of severity since Bitcoin’s inception in 2009. This has ebbed and flowed but crypto is still…
Bitcoin resistance mounts pre-FOMC as Dogecoin sets 17-month BTC high
Bitcoin (BTC) stayed motionless at the Nov. 1 Wall Street open as traders rooted for clues over a possible direction.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHopes of a breakout remain despite BTC sell wallData from Cointelegraph Markets Pro and TradingView showed a narrow range in place for BTC/USD overnight, the day seeing local highs of…
New Zealand Financial Regulator Warns Public About ‘Profit Bitcoin’ Scam
Amid the apparent global surge of cryptocurrency-related scams, New Zealand’s financial regulator has warned the public against another suspected Bitcoin (BTC) investment scam scheme.In an April 6 statement, the country’s major financial watchdog, the Financial Markets Authority (FMA), issued an official warning against “Profit Bitcoin” — an alleged get-rich-quick scam that promises returns by using…
Users of Nigeria-Based Crypto Wallet Lose $1M in Alleged Exit Scam
Nigerian crypto wallet Satowallet has allegedly pulled off a $1 million exit scam, while the firm cites an unexplained OVH data server error that has kept user funds in limbo.Multiple versions to delay withdrawalsAfter users first reported withdrawal issues in April 2019, Satowallet has been citing different versions of events to account for their failure…
US Regulators Have Double Standards When It Comes to Bitcoin
VanEck's Gabor Gurbacs said U.S. regulators have not treated Bitcoin fairly in their exchange-traded fund denials. 2327 Total views 44 Total shares Bitcoin (BTC) exchange-traded funds, or ETFs, have faced unfair pushback from U.S. regulators, according to VanEck director and digital asset specialist Gabor Gurbacs. "There's a persistent double standard against Bitcoin and digital assets, which…
SafeMoon addresses recent exploits amid SEC charges
SafeMoon says it is closely examining the recent developments and will work to resolve the situation promptly. 859 Total views 6 Total shares Decentralized finance project SafeMoon, which was charged by the United States Securities and Exchange Commission (SEC) for security rules violations and fraud, has said that it is closely examining recent developments and
More IRS summonses for crypto exchange account holders
The United States Internal Revenue Service has been hunting crypto vigorously for more than five years now, and the pace is getting faster. A couple of decades ago, the IRS was after offshore accounts, and that effort was among the most successful in the IRS’ history. Now, it’s crypto the IRS is after, and there’s…