IcomTech execs set to pay over $5M for fake Bitcoin trading scheme

Verified Twitter users will be allowed to view 10,000 posts per day, while new, unverified accounts will get 500 under the new limits. Social media platform Twitter is temporarily limiting the number of posts that users will be allowed to read per day, after seeing “extreme levels of data scraping and system manipulation,” according to…

A new theory regarding the true identity of anonymous Bitcoin creator Satoshi Nakamoto has emerged from an extremely unlikely source. Enter the Escobar family and their story about Yasutaka Nakamoto.The story goes like this: Yasutaka Nakamoto was a high-ranking engineer for Pacific West Airlines who worked for Colombian drug lord Pablo Escobar, smuggling drugs into…

“The auditors are being significantly more challenging now, because they’re getting beaten up by their regulators,” an individual familiar with Revolut's situation reportedly said. 1901 Total views 36 Total shares The United Kingdom’s Financial Reporting Council has reportedly found flaws in the audit of cryptocurrency-friendly payments app Revolut that included an “unacceptably high” risk of…

The human side of Bitcoin (BTC) is seldom explored in legacy or mainstream crypto media outlets. Even within the Bitcoin space, Bitcoin is “number goes up” technology, while catchphrases like “Bitcoin to the moon” and “have fun staying poor” rattle around like coins in a jar. Bitcoin documentaries tend to sensationalize Bitcoin as a panacea to…

Bitcoin’s (BTC) price action hasn’t been bullish despite the $69,000 all-time high on Nov. 10. Some argue that th descending channel formed 40 days ago is the dominant trend, and $56,000 marks its current resistance.BTC/USD price on FTX. Source: TradingViewSuch bearishness follows scrutiny from United States regulators, after a Nov. 1 report from the President’s…

Important questions about CBDCs remain unanswered for the Kiwi's central bank. 831 Total views 9 Total shares Financial authorities in New Zealand are in no hurry to issue a central bank digital currency, or CBDC, according to a central bank executive.Christian Hawkesby, assistant governor at the Reserve Bank of New Zealand, claimed that the country…

Miners in Russia are purportedly buying more equipment amid regulatory uncertainty. Graphic cards’ sales in Russia are surging amid an increase in remote work as well as the apparent growth in cryptocurrency mining, a new report says.According to several local retailers like Citilink and Svyaznoy, crypto mining-related sales of graphic cards in Russia notably surged…

Over the last few years, the cryptocurrency industry has been a primary target for regulators in the United States. The legal battle between Ripple and the United States Securities and Exchange Commission (SEC), Nexo’s lawsuit with the securities regulators of eight states, and the scrutiny targeting Coinbase’s Lend program last year are only a few high-profile examples.…