Tag Archives: Bitcoin News

Source Hut – an open-source repository – has stated it’s not going to permit any more projects that delve into the digital currency or blockchain arenas. The idea is that these assets and the technology behind them are too often used for fraudulent means, and the platform doesn’t want its software, its name, or reputation tarnished should illicit actors decide to utilize its services. Source Hut Is Doing Away with Crypto Permissions The decision was made by founder and creator Drew DeVault....

Instagram celebrity Jebara Igbara has pled guilty to running a multimillion-dollar Ponzi scheme involving bitcoin. Jebara Igbara Guilty of Crypto Ponzi Scheme Igbara – who has amassed several million followers on social media – entered a guilty plea for his alleged crimes and could be sentenced to as many as ten full years in a federal prison. Often going by the name Jay Mazini, Igbara is 27 years of age and has built a reputation for being a generous person. His social pages often feature...

New Jersey wants to turn itself into the most crypto friendly region in America. That’s why it’s introducing the “Digital Assets and Blockchain Regulation” Act, which will permit decentralized autonomous organizations (DAOs) to establish themselves within the state’s borders and issue stock certificates and create tax incentives for digital currency firms. New Jersey Is Establishing New Digital Currency Laws New Jersey has been up and down in its relationship with digital assets. While some...

According to White House officials, bitcoin – though it has its benefits – has increased ransomware cases across the country. The White House Isn’t Confident in BTC A White House spokesperson (who remains anonymous) recently commented in an interview: When bitcoin became more widely used, we saw a huge jump in ransomware because it was a way to move money across borders. It’s a borderless threat, and we [need] to tackle it in a borderless way. The threat has clearly evolved. The government...

What will bring bitcoin back from the brink of disaster? According to famed venture capitalist and digital currency enthusiast Tim Draper, the answer is women. Tim Draper: Women Are the Answer The crypto space has been doing very poorly as of late. The industry has fallen by more than $2 trillion in valuation and some of the largest, mainstream digital assets – including bitcoin – are down by 70 percent or more from their 2021 November highs. It’s an ugly sight to see, and many analysts are...

New York really doesn’t care about cryptocurrency, and the re-election of Governor Kathy Hochul is proof of this. New York Just Doesn’t Get It During this year’s midterm elections, Hochul ran against Lee Zeldin, who arguably had one of the most competitive republican campaigns in the Empire State in years. Right now, New York is facing a bill that’s been passed by the state legislature. The bill would enforce a moratorium on the crypto mining space and prevent all new digital currency...

Despite the recent crash of the crypto space, despite everything bitcoin has cost him, Michael Saylor – the former head executive of MicroStrategy, a one-time software giant that has since transformed into one of the biggest bitcoin bulls out there – says bitcoin is going to be a winning asset in the end. Michael Saylor Will Never Give Up on BTC In a recent interview, he commented: Speaking for all bitcoiners, we feel we’re trapped in a dysfunctional relationship with crypto and we want...

A Dallas man and the digital currency company he created are in hot water after being charged with defrauding a financial program introduced during the COVID era that was designed to keep businesses afloat. Crypto Company Fraud Thanks to COVID John Corbin Corona, age 35, was indicted in mid-November on counts of both money laundering and wire fraud for allegedly inflating the size of his cryptocurrency business – HODL LLC – to garner extra funds through the PPP (Paycheck Protection Program)...

Changpeng Zhao – the head honcho of Binance, the largest digital currency exchange in the world – stated in a recent interview that crypto is the “only stable thing” right now regardless of the volatility and falling prices many mainstream assets are dealing with. Changpeng Zhao Believes in Crypto Speaking at a conference in Lisbon, Portugal, Zhao commented that he remains confident in the digital currency space, and he believes the industry will make a solid comeback before traders even...

Bitcoin price started a recovery wave above the $16,500 support against the US Dollar. The price is now trading above $16,600 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $16,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could recover further if it clears the $17,420 resistance zone. Bitcoin price is recovering above $16,600 against the US Dollar. BTC might extend its recovery if it stays above the...