Crypto news

Stephen Carr – a resident of Meaford, Ontario – said he lost his entire life savings of nearly $500,000 after being conned into a cryptocurrency scheme on YouTube. Scammers have used the video-sharing website multiple times to lure victims. Some have even uploaded fake recordings of famous people, including Elon Musk, Steve Wozniak, Bill Gates, and Kanye West, who appear to promote dubious cryptocurrency investments. ‘I’m Devastated’ In a recent interview, Carr said he got...

Senior United States District Judge William Fremming Nielsen sentenced the 56-year-old American Ronald Craig Ilg to eight years in federal prison. The latter hired hitmen on the Dark Web to kidnap his wife and beat his former colleague, and paid them over $60,000 worth of bitcoin. Maximum Penalty for the Doctor The US Department of Justice (DOJ) announced that Ronald Ilg will serve 96 months in federal prison and will be supervised for three years after his release. He will...

At Live Bitcoin News, we’ve talked about how 2022 was reminiscent of 2018, which at one stage, was considered the worst year for bitcoin and crypto. We also mentioned that given the patterns and the similarities we were witnessing, it was possible (and even likely) that 2023 was going to be somewhat of a copy of 2019, which led to a touch of healing for most crypto fans. Bitcoin Looks Like It’s Beginning to Heal While we’re only a few weeks in, we’re thus far being...

Argo Blockchain has been accused of federal securities law violation during the initial public offering (IPO) of its American depositary shares (ADS) in 2021, according to a filing in the United States District Court for the Eastern District of New York. The latest development is yet another blow to Argo, which was struggling to stay afloat amidst a brutal crypto winter. The complaint alleged that the company negligently prepared its IPO documents which hid crucial details...

An Ohio native allegedly stole millions of dollars in bitcoin from the Internal Revenue Service (IRS). 31-year-old Gary Harmon has recently pled guilty to one count of wire fraud and a separate count of obstruction of justice after allegedly stealing more than 700 individual bitcoin units from the agency. Gary Harmon Pleads Guilty to Crypto Theft and Wire Fraud The bitcoins in question were taken by law enforcement agents from Gary’s brother Larry Harmon, who ran a...

Bitcoin spent the early parts of January and the new year rising through the ranks and jumping beyond the $17K mark again. Everyone began to get a little excited about the currency’s prospects, but for hardcore critics like Nicholas Taleb – the author of the bestselling book The Black Swan – bitcoin is still a low-end trading tool that should be ignored and avoided at all costs. Nicholas Taleb Still Hates BTC While bitcoin may be doing somewhat better at press time, it...

The disgraced founder and former CEO of FTX tried to contact and potentially influence the witness testimony of another exchange employee, according to the US Department of Justice. As such, the prosecutors want to introduce two new rules for SBF’s bail. Sam Bankman-Fried was released on a $250 million bond in December last year, and he is confined to his parent’s house. However, he seems to have tried to contact FTX US General Counsel Ryne Miller on the encrypted messaging...

Despite failing to overcome $23,500 once again in the past 24 hours, BTC is still slightly in the green today and stands above $23,000. The altcoins are quite calm today, as only Litecoin stands out as a notable gainer. Bitcoin Firm Above $23K The start of last weekend saw bitcoin’s price surge from $21,000 to and beyond $23,000. Somewhat expectedly, reaching the latter meant tapping a multi-month high since BTC was stuck around $17,000 for months. The cryptocurrency spent...

Residents of Murphy, North Carolina, complained that a cryptocurrency miner located in the area causes “insane” noise and negatively impacts the electric grid.  As such, some people have decided to leave the town and settle in another place. ‘It Sounds Like You Are Behind a Jet’ The crypto miner installed by the San Francisco-based company PrimeBlock seems to be a huge problem for some of the 1,600 inhabitants of Murphy, North Carolina. In a recent interview, resident Mike...

The LOOP Design Awards reportedly recognized the Bitcoin City of El Salvador’s government as one of the most outstanding projects in interior design and architecture.  When completed, the metropolis will use the energy released from the Conchagua volcano to power itself and BTC as its currency.  Bukele’s Dream City Gets an Award According to recent coverage, El Salvador’s urban project stood out among 700 proposals. The jury outlined its innovative interior style, while the...