Bitzlato founder won’t get more jail over $700M dark web clearing house
The judge said the 18 months Anatoly Legkodymoc had already served in Brooklyn’s “terrible” MDC was enough punishment.
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Greek Supreme Court is Violating Alleged Bitcoin Launderer’s Rights, Lawyer Argues
The lawyer representing the alleged former operator of now-defunct crypto exchange BTC-e, Alexander Vinnik, has accused the Greek Supreme Court of “grossly violating” his rights, major Russian state-owned news agency TASS reported Nov. 19.39-year old Russian national Vinnik, a.k.a “Mr. Bitcoin,” was indicted by U.S. authorities and detained in Greece on July 25, 2017 on…
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‘Bullish year ahead’ — Bitcoin primed for Q1 2021 gains, strength index suggests
The monthly RSI of Bitcoin has surpassed 80, which historically led to larger rallies in the past. 387 Total views 3 Total shares The monthly relative strength index (RSI) of Bitcoin (BTC) shows the dominant cryptocurrency is primed for another rally.Is 2021 an ideal time for a Bitcoin rally?The RSI is a momentum indicator that…
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From mom’s house to warehouse: Bitcoin mining is going industrial
Bitcoin mining started out as a small endeavor taken on by a few individuals repurposing home computers to mint virtual coins that were, at the time, almost worthless. Fast forward to 2020, and Bitcoin (BTC) mining has become a formidable industry of its own, constantly growing and evolving alongside Bitcoin itself.Today, the Bitcoin network’s hash…
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SEC issues subpoena to influencers promoting HEX, PulseChain and PulseX
The SEC issued subpoena as part of the investigation, which demanded the influencers in question to produce the required documents by Nov. 15, 2022. 207 Total views 13 Total shares Over several years, social media influencers have earned a bad rep among regulators for shilling risky and unvetted tokens to millions of investors. Pursuing the…
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Tether’s market cap could overtake Ethereum’s next year — Bloomberg report
Expect Bitcoin in the number one spot and Tether second by market capitalization before 2022. 1814 Total views 17 Total shares A new report predicts Tether could surpass Ether’s market cap by the end of next year, paving the way to mainstream adoption of stablecoins and central bank digital currencies (CBDCs). According to Bloomberg’s Crypto…
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Coinbase amasses a $4B war chest so it can outlast ‘crypto winter’
Strong revenues over the past two quarters from a large user base helped the exchange amass the funds. 621 Total views 6 Total shares Coinbase, the largest American cryptocurrency exchange, has stockpiled a war chest worth about $4 billion in cash in preparation for decreased crypto retail trading volumes and higher operating costs brought on…
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Stellar Development Foundation and Keybase Jointly Launch $120M Airdrop
The Stellar Development Foundation, a non-profit founded to support the development of the open-source Stellar network, is launching a $120 million airdrop in collaboration with encrypted messenger Keybase.According to a Sept. 9 blog post, Keybase will be giving 100 million Stellar (XLM) each month over the next 20 months to their users, which totals to…
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Aave Ascends Market Rankings as Flash Loans Explode
Aave is climbing the DeFi and market cap rankings as its flash loans see daily volume exceeding $100 million. 1788 Total views 16 Total shares Decentralized finance (DeFi) loan protocol Aave has seen an explosion in the number of flash loans issued — with the daily value of said loans growing more than 1,000% since…