Tag Archives: AA News

The US Department of Justice (DOJ) arrested a Houston resident for allegedly fraudulently accessing over $1.1 million of Paycheck Protection Program (PPP) loans and using it to buy cryptocurrency.The Suspect Took PPP Loans on Behalf of 2 CompaniesOn Tuesday, Times Record News reported that Joshua Thomas Argires, 29, was taken into custody by the DOJ for fraudulently obtaining and using $1.1 million of PPP loans for personal expenses and buying cryptocurrency.For those unfamiliar, the PPP is a...

There has been very little action on crypto markets over the past 24 hours. The majority of high cap coins are cooling off again following minor movements over the weekend.Bitcoin is no exception, remaining range-bound as the tedium continues. BTC managed to top $9,300 again a few hours ago but has since declined back below $9,180, which is still within its channel of consolidation.The longer-term support zone is at the $8,800 level, so a break below this could see things go south very...

According to a recent report, two promoters of the massive cryptocurrency scam OneCoin have been found killed in Mexico. One of them joined the infamous Ponzi scheme in 2017 and was particularly active in distributing misleading information and deceiving victims in the LATAM region.OneCoin Promoters KilledThe report indicates that Mexican authorities found Oscar Brito Ibarra and Ignacio Ibarra (no relation), in Mazatlan, Sinaloa. Their bodies were stuffed into suitcases and dumped in a vacant...

After revealing its plans to enter the cryptocurrency debit card segment last week, Binance has officially debuted its Binance Card for users based in the United Kingdom and European countries, the blockchain behemoth told CryptoPotato on Tuesday.According to the release, the debit card allows holders to make crypto payments at more than 60 million merchants across 200 regions globally. Users will also be able to convert their crypto assets to fiat with ease.At launch, the Binance card will...

Following the announcement that BZRX token, the native cryptocurrency of DeFi project bZx, will be listed for trading on UniSwap decentralized exchange, reports suggest that a trader made more than half a million dollar within 30 minutes of trading the token.How It HappenedOn Monday evening, Security engineer Roman Storm took it to Twitter to explain how he spotted someone who made $1 million in a half-hour by trading the BZRX during an Initial DEX Offering (IDO) on UniSwap.An IDO is the...

Ethereum-based cryptocurrency lending system, Compound (COMP), is on the verge of touching the $1 billion mark in crypto loans. This comes amidst total USD funds locked in Defi surpassing $2 billion.DeFi’s Most Popular Lending Token Hits the Billion Dollar MarkAccording to the official Compound website, the total valuation of borrowed crypto assets under the Ethereum based lending protocol has just hit the $1 billion-dollar mark.Compound’s most popular lending and borrowing token is DAI....

The third co-founder of the alleged cryptocurrency scam project Centra Tech, backed by celebrities such as Floyd Mayweather and DJ Khaled, is reportedly planning to plead guilty to duping investors into committing more than $25 million in its initial coin offering (ICO).The Third Centra Tech Inc’s Co-Founder Pleads GuiltyAccording to the report from Bloomberg, Sohrab “Sam” Sharma, one of Centra Tech’s co-founders, has agreed to change his plea before his scheduled trial date in November 2020....

India saw a rapid increase in cryptocurrency trading amid the lockdown period, and after the Supreme Court overturned the Reserve Bank of India’s decision to ban crypto businesses, the Hindu reports.India’s Crypto Trading Volume May Be Up to $30M Per DayThe strict social distancing rules, which were adopted at the end of March, might have triggered a surge in cryptocurrency trading volumes, bringing many new participants. Local companies that deal with cryptocurrencies in one form or another...

Despite speculations that miners may abandon ship following the 2020 Bitcoin halving, the network’s security has been primarily increasing, and the hash rate reached a new ATH days ago.In response, the network increased the mining difficulty earlier today by almost 10%, reaching a fresh all-time high as well.Bitcoin’s 10% Difficulty EnhancementUpon creating the Bitcoin network, Satoshi Nakamoto introduced a self-sustaining feature that allows it to make significant adjustments depending on...

Middle East’s Lebanon is a country with well-known economic issues, deepening for years and peaking during the COVID-19 pandemic.With the nation’s unfavorable situation, numerous prominent economists have offered widely-ranging solutions to the depreciating local currency and USD dependence. Nevertheless, a recent report explored the possibility of a more untraditional solution – Bitcoin.Lebanon: How Did It Get Here?The country’s economy is primarily based on services with the tourism sector...