CFTC brings $1.7B fraud case involving Bitcoin against South African national

Since May 10, the Bitcoin (BTC) chart shows a relatively tight range of price movement and the cryptocurrency has failed to break the $32,000 resistance on multiple occasions.BTC-USD 12-hour price at Coinbase. Source: TradingViewThe choppy trading partially reflects the uncertainty of the stock market as the S&P 500 Index ranged from 3,900 to 4,180 in…

Regulatory clarity in the crypto industry is needed now more than ever, per one official. 3318 Total views 22 Total shares As institutions move into the cryptocurrency space, the need for clear rules regarding digital assets is critical, an official at the Securities and Exchange Commission said.SEC commissioner Hester Peirce believes that clear cryptocurrency rules…

Leading communications and technology company Verizon has been awarded a patent for using virtual subscriber identity modules (vSIMs) for customers’ devices.A filing with the United States Patent and Trademark Office on Sept. 10 details a blockchain encryption technology, wherein a traditional physical SIM card can be replaced with a software SIM version. According to the…

While supporting crypto mining companies, the Russian lawmakers are still not sure whether they should ban individuals from mining crypto. 141 Total views 13 Total shares As Russia continues to work on new regulations for the cryptocurrency industry, the Russian Ministry of Finance has expressed fresh support to Bitcoin (BTC) mining.Russia should encourage the development…

Roche Cyrulnik Freedman LLP, working with Selendy & Gay PLLC, filed 11 class-action lawsuits on April 3 in the Southern District of New York against seven token issuers and four of the world's largest cryptocurrency exchanges.The sweeping filings name exchange giants Binance, Bibox, BitMEX and KuCoin as defendants, along with Block.one, the Tron Foundation, the…

Almost 10,000 Bitcoin (BTC) left major United States-based exchange Coinbase on Dec. 30 in a sign that investor appetite is returning to the sphere. Data from on-chain monitoring resource Coinglass shows Coinbase’s professional trading arm, Coinbase Pro, shedding 9,925 BTC in the 24 hours to New Year’s Eve.Binance adds 66,000 BTC in DecemberThe buy-in, which runs…

On Sept. 20, the crypto community was rattled by the news that California’s political campaign regulator ruled in favor of an outright ban of any and all cryptocurrency donations. It came across as a surprise for many that the progressive state, which is home to the world’s largest technology hub as well as to a…

“If the prices on South Korean exchanges stabilize, then we will add the data back in, but that hasn’t happened yet,” said a CoinMarketCap spokesperson. 1812 Total views 9 Total shares Crypto price trackin website CoinMarketCap has removed many South Korean exchanges from its calculations for the price of Bitcoin as the coin dipped under…

Cryptocurrency exchange OKEx announced the eighth round of buyback for its platform’s proprietary OKB token. 1284 Total views 44 Total shares Cryptocurrency exchange OKEx announced the eighth round of buyback for its platform’s proprietary OKB token.In a June 5 announcement, OKEx announced the start of the eighth and largest buyback of OKB tokens. From March…