Crypto news

The US Department of Justice (DOJ) charged three residents of Miami – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza – with defrauding banks and a cryptocurrency platform for over $4 million. The men used fake identification to buy digital assets, while later, they lied to financial institutions that the transactions were not authorized so they could net more money. For their crime, the trio faces up to 30 years in Federal prison. Halting the...

Two prominent YouTube content creators – Erling Mengshoel (aka Atozy) and Ben Armstrong (aka BitBoy Crypto), are at loggerheads over a video made almost a year ago. With the dispute taking a legal turn, Atozy, for one, has found an unexpected ally in popular crypto personality – Cobie. Cobie, whose real name is Jordan Fish, has come to Atozy’s rescue. To help defend the lawsuit, the UpOnly podcast host has donated $100,000 to the YouTuber. In a brief Twitter thread, Atozy...

Tether – the issuer of USDT, the world’s largest stablecoin – is yet to freeze addresses associated with the privacy protocol Tornado Cash. That means USDT holders can still technically use the smart contract to obfuscate their funds.  However, it remains unclear whether Tether’s permissiveness amounts to a violation of U.S. sanctions. Tether and Tornado According to a statement from Tether on Wednesday, the Office of Foreign Assets Control (OFAC) has established no...

Brian Armstrong – Chief Executive Officer of Coinbase – expects the ongoing crypto winter to last around 12 to 18 months. However, he admitted that his company is prepared for a prolonged bear market because it coincides with a broader macroeconomic crisis. Armstrong believes Coinbase will not have problems enduring the negative conditions since it has passed through similar market declines four times in its ten-year-old existence. It Should be Over by the end of 2023 In a...

Things are looking tough right now. The battle for actual earth seems to be just beginning. Macroeconomic headwinds have dealt grievous body blows to the stimulus-led economy that has forced governments worldwide to pile yet more debt upon their balance sheets in an attempt to stave off impending disaster. The pandemic, the war in Ukraine, and structural, systematic issues with the availability and utilisation of cheap credit and reliance on fossil fuels are finally...

Natalie Brunell is one of the most well-known women in the cryptocurrency industry. With a background in traditional journalism, she currently hosts the Coin Stories podcast, featuring some of the leading voices in both Bitcoin and economics. Brunell is Polish-born and, together with her family, immigrated to the US when she was five. she has broad experience in traditional media, covering breaking news, enterprise reporting, as well as features. Some of her previous roles...

James Howells is a man who will do just about anything to get his lost bitcoins back. James Howells Is Really Eager to Find His Lost Funds About nine years ago, Howells accidentally discarded a zip drive that contained as many as 8,000 individual bitcoin units. These units are lost somewhere in a city dump – a dump that local officials refuse to let him dig through. These bitcoin units would be worth more than $180 million at the time of writing, and Howells says he has...

The US Office of Foreign Assets Control (OFAC)’s placement of popular crypto tumbler Tornado Cash as an entity on the Specially Designated Nationals (SDN) sanction list has raised many eyebrows. The subsequent removal of its source code from the Microsoft-owned GitHub, which also shut down the user accounts of three individuals who contributed code to the project, prompted an outcry from privacy and free speech advocates. While forks of the open source software have remained...

[PRESS RELEASE – Please Read Disclaimer] Polarys, the new exciting Web3 venture that aims to bring utility NFTs to everyday businesses has launched its innovative multi-chain minting engine, and the team is in the process of minting its Genesis utility NFT collection. This exclusive and once only minted collection will remain for sale until August 31, 2022. Any unsold NFTs will be burned after that date. Unlike other NFT collections that focus on quick gains and asset...

Coinbase is one of the world’s largest and most powerful cryptocurrency exchanges, but lately, it’s having a hard time. Coinbase Is Being Looked at by the SEC Things started out rough a few months ago when the company announced it was going to be enforcing a hiring freeze due to the ongoing crypto winter. Initially, 2022 was going to be the year in which the exchange rose to new heights and practically tripled its workforce, but crashing prices ultimately brought an end...