Crypto news

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...

The last year saw the fall of the Terra-Luna ecosystem, BlockFi, Celsius, Voyager Digital, 3AC, and Alameda-FTX. But it’s not the end of cryptocurrency. Like the Internet after the Dot Com bust, crypto is still just getting started. Sure, it’s true that several crypto firms went down in 2022. But it seems worse in the headlines than it is in reality. Cryptocurrency’s critics in news journalism and the traditional finance industry are treating the failure stories as...

The crypto market seems to have priced in last year’s string of crypto company bankruptcies. But the crypto firms that survived will still be paying off bank loans to cover their positions for some time. Crypto prices continue to edge upward while the market bears and bulls regroup. Even the recent bankruptcy of Genesis hasn’t dampened crypto investors’ enthusiasm. Regulators Worry Meanwhile, at least two banks with a high-profile roster of cryptocurrency companies for...

The gaming industry is undergoing a rapid transformation as technology continues to advance at a rapid pace. This has led to an increase in the popularity and accessibility of digital gaming for players from all backgrounds. Amongst the digital gaming sectors that have seen a surge in popularity worldwide is that of crypto gambling sites. These are online casinos and bookmakers that enable players to engage in gambling activities using cryptocurrencies such as Bitcoin....

Crypto crime was a big deal in 2022, and while we’re only a few weeks into 2023, it looks like the trend is continuing after a criminal gang crackdown that resulted in close to $2 million in assets – some of which were crypto units – being seized by law enforcement officials. Crypto Crime Takes on a New Form Two men have allegedly been arrested in New Zealand for taking part in various drug dealings. Police came barging into the home they were both living in and seized...

Author and crypto expert Abhinav R. Soomaney has a new book out called “Cryptocurrency in a Nutshell.” In the composition, Soomaney discusses a big topic in the crypto space: taxation. A New Crypto Tax Book By Abhinav R. Soomaney Taxation in crypto has often been talked about amongst even the most knowledgeable analysts given tax protocols within the arena’s borders can be quite complicated. In fact, during the 2020 election, there were two democrat candidates – Michael...