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Nick Marinoff



Articles by Nick Marinoff

Karlie Redd Partners with Crypto Music Firm Legacy Records

5 hours ago

Karlie Redd – famous for her role on the popular television show “Love & Hip-Hop: Atlanta” – has signed a multi-million-dollar deal with Legacy Records, a music label that pays its artists in crypto.
Karlie Redd Signs a One-of-a-Kind Deal
Redd is the organization’s first female artist. Earlier in the month, Legacy held a red-carpet event to celebrate her joining the ranks of its other artists and allowing fans to preview her latest songs. Some of the people to attend included fellow “Love & Hip-Hop” alumni Rasheeda and Kirk Frost. Entertainment lawyer Navarro Gray was also in attendance, while Redd’s manager Ryan Fionda and the CEO of Legacy Keishia McLeod were also there to greet fans.
McLeod discussed what it was that prompted the organization to bring Redd aboard:

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Sophos: Crypto Involved in 79% of Ransomware Attacks

7 hours ago

Ransomware is becoming a huge problem. In fact, according to a detailed report published by cybersecurity firm Sophos, cryptocurrency was involved in approximately 79 percent of the world’s ransomware incidents over the past 18 months. At the top of the list were the Conti and REvil ransomware attacks.
Ransomware Is Changing for the Worse
Sophos also believes that so long as cryptocurrency exists, it will likely be at the center of several other attacks in the future.
Ransomware is a process in which a hacker or group of hackers overtakes the computer network of a company or enterprise. They encrypt the data within that network to ensure nobody can gain access to it. They hold the data hostage and ask that a ransom be paid if they wish to get their information back.

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Latvian Man Arrested After Engaging in Spain-Based Crypto Scam

9 hours ago

A crypto fraudster that is suspected to scamming his victims out of nearly 500,000 pounds has been arrested in Latvia. Prior to his capture, the man was living in Spain’s Costa del Sol, a resort town. He is accused of using investor funds to spend on a lavish lifestyle. He is believed to have been staying in luxury hotels, buying expensive designer clothing, and enjoying fine dining in top-rated restaurants.
Latvian Man in Custody After Using Crypto-Invested Customer Funds
The man – who is described as a Latvian native – has been wanted for the past six years by Interpol. He was described by law enforcement as being “one of the biggest cryptocurrency con artists based in Spain” and was caught by the Guardia Civil’s cybercrime unit.
It is believed that as many as 1,000

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Crypto Companies in India Seek New Marketing Outlets

1 day ago

Crypto brands in India are trying to find ways in which they can advertise themselves. Many of them are now turning to gaming sites, general entertainment channels (GEC), and news platforms to get the word out on their operations.
India and Crypto Haven’t Always Worked Together
India has been a very up-and-down country when it comes to crypto. After initially deciding that crypto businesses couldn’t gain access to traditional finance tools, India later labeled this as an unconstitutional move, and the shutting out of crypto was reversed. However, from there, the country has sought to initiate a full ban on digital currency activity.
Now, however, it looks like these companies are eagerly searching for their time in the limelight. Yatin Balin – managing partner and

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Many Analysts Think Bitcoin Could Strike $100K Soon

1 day ago

With bitcoin and so many other mainstream cryptocurrencies hitting new all-time highs, many analysts and industry experts believe that the world’s number one digital currency is going to hit $100,000 much sooner than originally anticipated.
Bitcoin Is Exploding in the Eyes of Many Analysts
The volatility the currency has been experiencing as of late is nothing new, they say. Recently, after hitting $68,000 per unit, the asset began a series of slight falls that at press time, has taken it down to the $57,000 mark. However, several analysts say that this is not something to worry about, and the bull run is still going strong in several ways.
Kate Waltman – a New York-based public accountant specializing in crypto – is very positive about the future of bitcoin. She

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More Nonprofits Are Accepting Crypto This Holiday Season

1 day ago

Many nonprofits in the United States are entering what’s known as the “peak months” for charitable donations. This is the time of Thanksgiving, Christmas, and many other holidays in which being grateful and showing love to one another take precedence over all things. Thus, people tend to be feeling a little more generous than usual.
Nonprofits and Crypto Are Working Together
But here’s the real clincher… Many of these nonprofits are now accepting crypto donations. The coronavirus pandemic really did a lot of damage to individuals and the global economy alike. Several people do not have the cash on hand to make donations, much less aid their families. In addition, inflation is at an all-time high, and many people have lost faith in the dollar and other forms of fiat

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Could Jerome Powell Affect the Crypto Market? Analysts Weigh In

2 days ago

Jerome Powell has been nominated to lead the Federal Reserve in 2022, and many analysts believe this could bear serious repercussions for the cryptocurrency space.
Powell Might Not Be Great for Crypto, Analysts Claim
While Powell is all set to lead the Federal Reserve, his counterpart vice chairwoman may be Lael Brainard. Both nominations will need to be confirmed by a majority vote in the Senate. Powell served as the Federal Reserve chair under President Donald Trump, so this won’t be a new position for him.
Why then, are so many analysts believing that his presence in the world of finance could ultimately take crypto in a new – and possibly negative – direction? Winston Ma – author and managing partner of Cloud Tree Ventures – says that Powell is likely to face a

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Jane Hume: Crypto Is NOT Going to Disappear

2 days ago

Financial services minister Jane Hume believes that governments around the world are wrong to be worried about cryptocurrencies. She says that cryptocurrency is “not a fad,” but rather a valid financial tool that can play many parts in the future of the global economy.
Jane Hume Is Confident in Crypto
At a summit review in Australia just over a week ago, Hume said that cryptocurrency wasn’t likely to disappear “anytime soon.” She offered the following message to government regulators everywhere that have expressed concern about where the space will go and the potential risks its poses:
So as an industry, and as a government, we need to acknowledge this is not a fad. We should tread cautiously, but not fearfully. Don’t be the person who thought the iPhone would never

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Moon Pay Is One of the Newest – and Biggest – Crypto Firms Today

2 days ago

Moon Pay – a crypto and fintech firm – is only three years old and one of the newest players in the digital currency industry. However, the company is already valued at more than $3.4 billion thanks to its first ever funding round, which took place two Mondays ago.
Moon Pay Has Come a Long Way in a Short Time
During this round, the company managed to add more than half a billion to its overall market valuation. The event was led by Tiger Global. The company has been around since 2018 and was founded in Miami, FL. The company’s software allows users to both buy and sell digital currencies using standard payment tools including bank transfers, credit cards, and mobile wallets from companies like Apple and Google.
At first glance, it looks like Moon Pay is just your

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Industry Panelists: Crypto Adoption Is Going to Grow Tenfold By 2031

3 days ago

According to recent panel data, the global population believes that cryptocurrency adoption is going to grow by 90 percent within the next ten years.
Adoption Will Grow Heavily Over the Next Decade
Right now, despite crypto’s growing popularity, the number of crypto users in the world is around 300 million people. That’s about four percent of the global population.
The panel in question was composed of several financial experts including Richard Byworth, the CEO of EQONEX Group in Singapore, and Luke Dorney, the head of sales and partnerships for Zodia Custody. The former is a full-service crypto firm and digital exchange, while the latter provides crypto custody services to financial enterprises throughout the United Kingdom.
Dorney was quick to comment about the

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Tahinis Restaurant Sees Massive Profit Thanks to BTC Investing

3 days ago

In 2020, the coronavirus pandemic had horrible effects on businesses throughout the world. Many companies began shutting their doors permanently due to the rampant trouble the pandemic presented for the global economy, but not every enterprise had a hard time. One restaurant called Tahinis – located in Canada –made quite a bit of profit during 2020, and it has bitcoin and crypto to thank.
Tahinis Sees BTC Profits Explode
Based in London, Ontario, Tahinis has made a name for itself by serving authentic Middle Eastern cuisine. In 2020, the owners of the restaurant got a grand idea to invest all the money they made into digital currencies, and that decision has paid off.
The sibling founders – named Aly and Omar Hamam – say bitcoin has not only made them lots of money,

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Crypto Firm Coinme Still Puts Cash Above Other Financial Tools

3 days ago

Bitcoin and cryptocurrencies are becoming far more popular as of late, but as this space grows, it is becoming clear that cash is still at the top of the financial ladder. Fiat currencies like USD are the primary tools that Americans rely on, and Coinme – a digital currency platform – is recognizing this. Thus, the company wants to make transfers between both cash and crypto as smooth and as easy as possible.
Coinme Still Believes Cash Is at the Top
Neil Bergquist – the chief executive of the enterprise – explained in a recent interview:
There might be a kind of digital utopia vision for the future, but the reality is a large portion of the market still interacts with cash daily. To pursue Satoshi’s vision of a global peer-to-peer electronic cash system, you need a

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Dogecoin Is the Most Searched Digital Asset

4 days ago

When it comes to cryptocurrency, it’s nearly impossible to ignore the fact that both bitcoin and Ethereum are the two largest examples out there, with bitcoin taking the number one spot and Ethereum in second place. However, this is just in terms of market cap. Regarding popularity, there is evidence suggesting Dogecoin takes the number one spot.
The Popularity of Dogecoin Has Shot Through the Roof
Dogecoin has arguably become one of the biggest cryptocurrencies in history. Coming about in the year 2013 as a joke at the hands of Jackson Palmer and Billy Markus, the asset has risen to the top of the financial ladder in a relatively short period, having – at one point – even surpassed Ripple’s XRP token to become the fourth largest cryptocurrency by market cap.
While it

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A Whole New “Bitcoin City” Is Coming to El Salvador

4 days ago

Nayib Bukele – the president of El Salvador – has announced to the people of his country that the government is taking its bitcoin agenda to the next level. Regulators and city planners are looking to build a whole new village at the base of a volcano. The region will be known as “Bitcoin City” given that it will be entirely dependent on bitcoin and blockchain technology to thrive.
El Salvador Is Pushing BTC Even Further
He stated that a bond offering is going to occur in the year 2022. This offering will be entirely in bitcoin, and 60 days after financing is in place, construction on the new city is set to begin. The area will be built at the base of the Conchagua volcano so that it can have direct access to its thermal energy, which will be used to power the city

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So, Who Beat Out the Crypto Bid On the Constitution?

4 days ago

A copy of the U.S. Constitution was recently up for grabs to the tune of millions of dollars. The item was set to be auctioned off last week as one of only 13 copies of the document left standing, and a group of alleged crypto fans – operating under the name Constitution DAO – stated their intention to bid on the product.
Who Bought the Constitution?
The organization began collecting crypto donations from tens of thousands of people across social media platforms, claiming that the auction – which was being hosted by Sotheby’s – should not simply be open to people because they were rich or powerful. They wanted to prove that cryptocurrency had a solid place in the world of modern finance.
The group stated its intention to keep the Constitution fully protected and

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Muslims in Indonesia Have Been Asked Not to Trade Crypto

5 days ago

Not long ago, the national council of Islamic scholars stated that Muslims in Indonesia should not be permitted to trade crypto as it exposes investors to unnecessary risk and goes against Islamic law. From there, Indonesia’s Ulama Council announced a fatwa on bitcoin, which is classified as a “non-binding religious ruling.” Bitcoin has since been declared haram, or something that is forbidden.
Indonesia Has Become a Crypto Hotspot
KH Asrorun Niamm Sholeh – the council’s head of religious decrees – explained in an interview:
Cryptocurrency as currency is forbidden because it has elements of uncertainty, harm and doesn’t meet the Islamic requirement according to Shariah [law].
The move comes as something of a blow to Indonesia, which has seen crypto activity and

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Manchester City Soccer Team Cuts Ties with Crypto Firm 3Key

5 days ago

Premier league soccer team Manchester City is cutting ties with 3Key, a cryptocurrency startup. Both enterprises had spent less than a week working together after the team declared the firm an “official regional partner in decentralized finance trading analysis.”
Manchester City Says Goodbye to 3Key
Reports suggest that Manchester City is concerned given that 3Key is lagging an online presence. This could ultimately be because the firm is classified as a “startup,” and thus brand new to the world of U.K.-based business. However, there are other things that raise a few red flags.
According to an official press release, some of the executives associated with 3Key do not boast a “digital footprint.” In addition, two websites potentially tied to the company have also gone

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Hillary Clinton Is Not a Bitcoin Fan

5 days ago

Hillary Clinton isn’t crazy about crypto. The failed presidential candidate and former Secretary of State under Obama believes that widespread adoption of crypto could have heavy repercussions on the world of traditional finance and “undermine traditional” currencies like the U.S. dollar.
Hillary Clinton Is Not a BTC Believer
In an interview, she comments:
What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones but going much larger.
Her worries centering around crypto – claiming it could undermine fiat and blast the world of traditional

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Crypto Mining Firm Bitdeer Set to Merge with Blue Safari

6 days ago

Singapore-stationed crypto mining firm Bitdeer Technologies Holding Co. is merging with a company known as Blue Safari Group Acquisition Corp. The former enterprise is controlled by Jihan Wu – a Chinese billionaire who is responsible for bringing Bitmain to life – and will begin trading on the Nasdaq once the $4 billion acquisition is complete.
Bitdeer Has Some Big Plans
As one of the most influential people in the digital currency space, Wu worked as the head equipment maker and miner at Bitmain Technologies Ltd. His departure with the firm came when Bitmain broke up not too long ago. He is now looking to expand his horizons and is fusing his company with Blue Safari, a special purpose acquisition company that ultimately raised more than $60 million through the

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Constitution DAO Loses Crypto Bid On American Legislation Document

6 days ago

Just the other day, Live Bitcoin News reported on an auction that was taking place for an original copy of the U.S. Constitution. It was supposed to be only one of 13 copies of the original 500 that ultimately survived history and lasted the 230+ years that have gone by since it was first written.
The Constitution Wasn’t Won with Crypto…
A group of avid crypto fans – known as Constitution DAO – began collecting crypto funds from people everywhere through social media and related platforms so that they could bid on the item. They ultimately collected more than $30 million, which seemed to put them in a good position. The idea was that they could bid on this item and win – and prevent someone from owning it and potentially doing it harm just because they had a lot of

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Bitcoin and Crypto Crash Further; Half a Trillion Lost in a Week

6 days ago

The crypto space hasn’t been doing all that well, lately. The industry – which recently experienced a crash that brought it below the $3 trillion mark – has lost about $500 billion over the past seven days, as many investors have seemingly cashed out after bitcoin rose to a new all-time high of nearly $69,000.
Bitcoin and Crypto Experience Further Drops
We have seen this time and time again. Sadly, the space is filled with many individuals who have short-term goals. It doesn’t seem to occur to them that when something is rising, there is a good chance it could rise even more, as in the case of bitcoin. When it hit $68,000 not too long ago, there was nothing in the charts insinuating that a drop would occur immediately after. This action is arguably caused by investors

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A Group of Bidders Seeks to Buy the Constitution with Crypto

7 days ago

A group of crypto fans are getting together to bid on a first edition copy of the U.S. Constitution.
Buying the Constitution with Crypto… Can It Be Done?
The group – which calls itself Constitution DAO – has allegedly raised more than $32 million in crypto funds from anonymous donors in under seven days. Apparently, they really want to purchase a piece of American history. At this stage, enough money has been raised that the individuals can compete with the heavy bidders they are likely to be up against.
Writing about the situation, one of the donors explained:
Crypto will allow the US Constitution to fulfill its original mission! Freedom!
This person ultimately donated approximately $400 in Ethereum funds to the cause. The auction was set to occur on Thursday,

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Environmentalists Still Think Crypto Is Evil

7 days ago

Over the past few months, crypto has really taken precedence with traders and American politicians. For example, New York City’s mayor-elect Eric Adams wants to be paid in BTC. He also wants to see crypto taught in schools. Miami’s mayor Francis Suarez also wouldn’t mind bitcoin-based pay.
Crypto Isn’t Loved By Everyone
The point is that crypto is witnessing heavy growth in its popularity. Unfortunately, many environmentalists still don’t see the space as worthwhile. They claim crypto is doing heavy damage to the environment, and they want to see all transactions and related activity die down permanently.
Per one source, a single bitcoin transaction uses more electricity than an entire household uses in a month. In addition, bitcoin mining uses more energy than the

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A Real BTC-Based ETF May Not Arrive Until Next Year

7 days ago

A bitcoin-based exchange-traded fund (ETF) has made it onto the New York Stock Exchange (NYSE). Released by a company called Pro Shares, this product became the target of many crypto-related news headlines in recent weeks, and it has caused many people to see the digital currency space in a whole new light: one of legitimacy and precedence.
A Physical Bitcoin ETF Is Needed for the Space to Grow
Sadly, this and other recently greenlit ETF products are based on bitcoin futures technology. The day when an ETF based on bitcoin spot trading is not likely to arrive until next year, according to analysts.
The ETFs that have been released as of late are based purely on futures technology. While they are considered revolutionary in many ways, many are convinced that the crypto

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Canadian Teenager Arrested Following SIM Swapping Crypto Theft

8 days ago

A teenager hailing from the Hamilton, Ontario area of Canada has been arrested for allegedly taking part in a SIM swapping incident that stole as much as $46 million in crypto funds. The victim, who is unnamed at the time of writing, is situated in the United States.
SIM Swapping Is a Big Problem
The arrest occurred following a joint investigation led by the United States Secret Service Electronic Crimes Task Force and the Federal Bureau of Investigation (FBI), which began in March of 2020. Hamilton law enforcement issued the following statement on the situation:
The victim had been targeted by a SIM swap attack, a method of hijacking valuable accounts by manipulating cellular network employees to duplicate phone numbers so threat actors can intercept two-factor

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B of E’s Jon Cunliffe Isn’t Crazy About Crypto Taking Over

8 days ago

Jon Cunliffe – the deputy governor of the Bank of England – feels the crypto space is spiraling out of control… So much so, that it’s now beginning to threaten the financial stability of both citizens and countries alike.
Jon Cunliffe Thinks Crypto Presents Certain Hazards
Over the past few years, the world of cryptocurrency has grown to unprecedented levels. Bitcoin, for example, is the world’s number one digital currency by market cap. At the time of writing, it is trading for over $60,000, while other competing assets like Ethereum have also reached new highs. For many diehard crypto fans, it’s a great time to be investing, but for Cunliffe, things are looking dangerous.
In an interview, he states:
On the question of bitcoin and other crypto assets and their value,

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Family Offices Hold a Lot of Crypto as of Late

8 days ago

Approximately four percent of the world’s cryptocurrency is held by billionaires. Many of them, according to recent reports, have obtained these funds through discreet family offices.
Family Offices Keep Buying Crypto
The situation is a tough one to evaluate for many reasons. For one thing, it is a bit disconcerting that crypto holdings could be so concentrated when it was designed to give power to general members of the public. There are so many people out there that are still being held down by banks and other financial institutions, and bitcoin was designed to help them escape those chains and bonds.
At the same time, there is a positive note to this story given that crypto ownership is growing and clearly owned by influential figures throughout the globe.

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Perth Heat Baseball Team Will Be Fully Paid in BTC

9 days ago

The Perth Heat – a baseball team stationed in Australia – is now the first official sports team in which all staff members and players will garner their pay in bitcoin.
The Perth Heat Sets a BTC Standard
The idea of being paid in bitcoin is taking heavy precedence in the world of sports as of late. This fad was likely begun by Russell Okung, a former football player with the Carolina Panthers. Okung made headlines when he announced that he would be converting half of his $13 million+ annual salary into bitcoin, and since then, many individual players have taken similar routes as their eagerness to be part of this growing financial space expanded.
However, this is the first time when a whole team of players will become bitcoin advocates. The Perth Heat has partnered

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Changpeng Zhao Wants a Regulated Crypto Space

9 days ago

Binance – the world’s largest digital currency trading platform by daily volume – and its founder Changpeng Zhao are calling for regulation to finally enter the crypto foray.
Changpeng Zhao Wants Regulation to Take Form
Regulation in the digital currency space has been one of the most controversial topics the blockchain world has ever seen. The idea of regulation is considered sacrilege to many diehard crypto fans given that the space was born out of a desire to operate outside the standard financial world. People wanted to be able to conduct themselves accordingly when it came to money. They wanted financial independence, and they didn’t want snoops and third parties anywhere near them.
However, as time has gone by, the call for regulation has gotten stronger given

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BTC Developer Satoshi Nakamoto Is a Very Rich Man

9 days ago

Satoshi Nakamoto – the anonymous creator of bitcoin, the globe’s number one digital currency by market cap – is now listed as the 15th richest person.
Satoshi Nakamoto Is Now Amongst the Uber Rich
Bitcoin first rose to prominence over 12 years ago. It was mined for the first time in January of 2009, and many traders now view the currency not just as a speculative tool, but as a hedge of sorts; something that can keep their wealth steady during times of economic strife. This attitude has taken prevalence in recent years given how many global governments continue to print money, causing rising inflation and other economic problems.
Satoshi Nakamoto is the man (or woman) behind the asset. Many would like to congratulate him on a job well done and tell him how influential

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