California man sues 3 Asia banks over $1M pig butchering crypto-fraud scam

An exec at the Bank for International Settlements wants central banks to helm the evolution of digital money. 1371 Total views 12 Total shares With central bank digital currencies — or CBDCs — on the agenda in many countries, the general manager of the Bank for International Settlements has weighed in on the role of…

The collapses of Signature Bank and Silicon Valley Bank have left many people in disbelief, with skeptics questioning the stability of the traditional financial system. Cryptocurrency, sadly, did not do much to capitalize on that skepticism, considering Bitcoin (BTC) tanked at the first sign of trouble for USD Coin (USDC), which briefly lost its peg to…

Major U.S. crypto mining and blockchain firm Giga Watt has filed for bankruptcy on Monday, Nov. 19, Washington daily newspaper Wenatchee World reported yesterday, Nov. 20.The top-five crypto mining firms entrant has reportedly filed for Chapter 11 protection in the Eastern District of Washington bankruptcy court, claiming that the firm is "insolvent and unable to…

Cryptocurrency wallet and statistics resource Blockchain (formerly Blockchain.info) is reportedly raising $50 million in a new funding round.According to Yahoo! Finance citing two anonymous sources on Sept. 4, Blockchain is already negotiating the cash, which it will use to invest in equity and purchase unnamed cryptocurrency tokens. Blockchain eyes fresh expansionThe sources added that Sam Harrison,…

Bitcoin (BTC) and other cryptocurrencies have opened the doors to a whole new world of finance. In their most basic form, cryptocurrencies allow people to transact in a fully trustless, transparent and efficient manner, cutting out the centralized intermediaries and counterparty risk previously associated with digital money transfers. Thanks to blockchain technology, value can now be…

Crypto fans have been discussing actively on social media about the new Bitcoin-related episode of “Billions” series. 1325 Total views 42 Total shares Showtime released the first episode of the fifth season of financial drama series “Billions,” which opened with a Bitcoin mining bust.The new season, based on the life of the former New York…

While China has waged war on domestic cryptocurrency trading activities since 2017, this year saw it tighten the screws as hype around crypto’s underlying blockchain technology renewed interest in digital assets. Below is a summary of China’s difficult relationship with crypto and how it has evolved in 2019.China does not like crypto tradingAs Cointelegraph reported…

Bitcoin (BTC) waited for cues at the Oct. 24 Wall Street open as expectations of a breakout ran high.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewHang Seng drops most since 2008Data from Cointelegraph Markets Pro and TradingView tracked a mundane trading day for BTC/USD after the pair hit weekly highs of $19,700 overnight.Despite what Michaël van…

I recently caught wind of an interesting Cointelegraph article explaining how investors could earn 41% APY on their Bitcoin without converting it to renBTC or WBTC.In the article, the writer laid out a detailed case for generating yield on Bitcoin (BTC) holdings by investing in options markets instead of decentralized finance (DeFi) apps.While we are…