Steve Wozniak – the co-founder of Apple Computers – has filed a suit against popular video-streaming website YouTube for allowing bitcoin scammers to use his likeness in their fraudulent advertising.Steve Wozniak Takes Legal ActionThus far, the scam in question is believed to have garnered millions of dollars from users all around the world. While Wozniak is at the center of the lawsuit, the case is a class-action suit that also involves as many as 17 additional victims of the scam who claim...
Read More »35,000% in 7 Days: The Unbelievable Story of Yearn Finance (YFI)
The space of Decentralized Finance (DeFi) is undoubtedly where all eyes are right now. The value locked in lending protocol continues to surge, and it shows absolutely no signs of slowing down.Every day is riddled with exciting events. Today, one of the recently launched DeFi tokens, YFI, brings returns upwards of 35,000% to those who got in the party early. The funny thing behind all this is that it was never intended to have any financial value.Yearn Finance (YFI): “It Has 0 Financial...
Read More »Hedging von US-Banken könnte Bitcoin im Wert verdoppeln
US-Banken haben theoretisch die Möglichkeit, Crypto-Schlüssel für Assets zu nutzen, was im Prinzip bedeutet, dass sie diese ganz legal als Cryptocoins anlegen könnten. Ein Analyst hat ein Szenario durchgespielt, bei dem die US-Banken nur ein Prozent der Assets in Bitcoin anlegen – der BTC-Preis würde sich mehr als verdoppeln.Bitcoin News: Hedging von US-Banken könnte Bitcoin im Wert verdoppelnViele Fond Manager setzen bereits auf Hedging mittels Cryptocoins. Ungefähr 1-3% ihrer Assets liegen...
Read More »Bitcoin Suisse Raised $50M To Enhance Current Operations And Launch An STO
Switzerland-based digital asset service company Bitcoin Suisse has successfully raised nearly $50 million in a Series A financing round. The company plans to utilize the funds to enhance its staking services and custodial solutions before initiating an STO.Bitcoin Suisse Raises $50MAs CryptoPotato reported in May, Bitcoin Suisse AG planned to hold new funding round to raise about CHF 45 million ($48 million). Earlier today, the Swiss organization announced the successful completion of the...
Read More »Bitcoin Price Analysis: BTC Now At Crucial Resistance – $9,200 Or $10K Next?
Quick recap: after almost a month of dull price action around the $9200 mark, Bitcoin finally managed to break out.Last Tuesday, we saw a mini-rally in BTC, while the price went up to the next marked resistance at the descending yellow line (shown on both charts below), which is also the $9650 resistance – mentioned in our previous price analysis from the past days.Two great signs for the crypto ecosystem following the mini-rally: first, the total crypto market cap went up together with...
Read More »DC Federal Court States That Bitcoin is a Form of Money
A US federal court ruled that Bitcoin is a form of “money” covered under the District of Columbia’s (D.C.) Money Transmitter Act. The conclusion is part of a criminal action involving the U.S. versus Larry Dean Harmon, who operated a Bitcoin mixing platform.U.S. Court Regards Bitcoin as Money in Charges Against Helix OperatorIn the U.S., financial regulators have used to debate over the status of Bitcoin as a commodity or security. A federal court set a precedent when it called Bitcoin...
Read More »Ryan Radloff: Retirees Don’t Have Enough BTC
Most citizens of the United States do not hold any bitcoin or cryptocurrency holdings in their retirement accounts, according to Kingdom Trust CEO Ryan Radloff.Radloff: People Aren’t Holding Enough BTCThe idea of holding crypto in one’s 401K, IRA or other retirement account is a bit shaky. While companies – like Bitcoin IRA – exist to help people do just that, it doesn’t look like a lot of people are taking advantage of the situation. For the most part, this could be attributed to one of two...
Read More »Banks Now Offer Bitcoin and Crypto-Related Services
Bitcoin has shot up at the time of writing, and while Live Bitcoin News just reported two hours ago that that the reason may have something to do with a second round of stimulus checks, perhaps the reasoning for bitcoin’s sudden surge has more to do with the fact that banks and crypto suddenly appear to be getting along.Banks Have Opened the Door to CryptoBanks and crypto have never been the best of friends. For the most part, it seemed as if banks were terrified of cryptocurrencies in that...
Read More »Cryptocurrency Market Cap Up $18 Billion: The Crypto Weekly Market Update
This week, unlike many of the previous ones, was full of excitement on the entire cryptocurrency market. For once, Bitcoin woke up from its sleep and staged an impressive performance, gaining about 5% of its Dollar value.While this may not sound like a lot for a whole week of trading, it’s important to remember that in the days before that, BTC was pretty much stuck in a $200 range. The tightening of the Bollinger Bands, however, played out, and the price took a turn for the best.Bitcoin is...
Read More »Bitcoin Spikes to $9,600 Following News of Second Stimulus
Bitcoin has shot up beyond $9,600 for the first time in what feels like an eternity, and analysts believe that $10,000 may not be too far off.Bitcoin Is Exploding AgainThe world’s number one cryptocurrency by market cap has been trading in the low $9,000 range for some time. While it has consistently sold above the $9,000 mark since early May, it hasn’t experienced any large breakouts as of late, which has caused disappointment amongst crypto followers to the point that even Google searches...
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