Crypto news

Amidst heat waves, a multi-year drought, and devastating floods, environmentalists have shifted their focus to celebrities using emissions-spewing private jets. The latest high-profile individual from the crypto industry who has made it to the list is Cardano founder Charles Hoskinson. The exec’s private jet is reportedly among the top 15 biggest polluters in the US, according to Climate Jets, a website that tracks the estimated emissions from private jets owned by the...

The Securities and Exchange Commission alleged that some of the largest altcoins, such as ADA, MATIC, and SOL, are unregistered securities. Most assets slumped in value shortly after the allegations went out. Now, though, the organizations between the blockchains and the tokens have published official statements to refute the SEC’s claims. Polygon Responds MATIC traded at $0.9 last week, just a few days before the SEC went after Binance and Coinbase, alleging in the lawsuits...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A senior citizen in British Columbia, Canada is the latest victim of a cryptocurrency scam. It’s estimated that the victim, who remains unnamed, has lost more than $7 million. British Columbia Citizen Conned Out of Tons of Crypto British Columbia authorities have stated this is arguably one of the worst digital...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Crypto fans need to understand something once and for all: the government is not here to help you, and it is clearly incapable of accomplishing anything major within a reasonable period. Crypto Players, It’s Time to Wake Up! This warning applies to all parties and corners of the present political system,...

Arbitrum has managed to rake in a significant market share as demand for Ethereum rollups soars. According to data shared by CoinShares, Arbitrum remains the top destination for capital flows away from Ethereum, among other protocols as well as layer 2s. As of May-end, the network attracted capital worth $4 billion. Closely following Arbitrum is Polygon raking in capital worth $3 billion, followed by Optimism with $983 million, and dYdX with $342 million, the stats revealed....

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The Securities and Exchange Commission (SEC) and its head Gary Gensler are bullies. They are bullies to the crypto industry and to everyone who tries to issue digital currencies to the common public. Republicans Grill the SEC and Gary Gensler The actions of Gensler have ultimately made him the subject of wrath...

Due to unclear regulations in the United States, more than half of the bitcoin (BTC) that crypto firms hold for their customers has moved to offshore and international exchanges. According to a CryptoQuant research report shared with CryptoPotato, BTC reserves on U.S.-based crypto exchanges are down to 2017 levels, as they are being lost to non-U.S. platforms. Offshore Exchanges Dethrone US Crypto Platforms The significant decline in BTC reserves on American exchanges stems...

Albeit in a more modest fashion than the alts, bitcoin slumped hard yesterday by almost a grand before experiencing more volatility throughout the day. Most alternative coins, though, plummeted hard by double digits. The past 24 hours have been more positive as ADA, SOL, SHIB, and many others have managed to bounce off. Alts’ Rollercoaster It’s safe to say that the recent allegations made by the US Securities and Exchange Commission that many cryptocurrencies could actually...

A joint investigation by the FBI’s Money Laundering Squad and Internal Revenue Service-Criminal Investigations led to a 75-month prison sentence for 64-year-old Arizona entrepreneur Reginald Fowler.  A former co-owner of the professional American football team Minnesota Vikings, Fowler has also been asked by the court to pay a forfeiture of $74.02 million and restitution of $5.31 million to the Association of American Football (AAF), a short-lived American football minor...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Republican Senator from Texas Ted Cruz says he doesn’t want a digital dollar or any central bank digital currencies (CBDCs) entering the fray. He believes they’ll bring about an end to bitcoin, a cryptocurrency he has a lot of respect and admiration for. Ted Cruz Is Confident a CBDC Would Hurt BTC In a recent...