Tag Archives: Bitcoin News

Sam Bankman-Fried – crypto billionaire and head executive of FTX, one of the largest (and newest) digital currency platforms in the world – is spending millions of dollars on this year’s midterm elections. He has stated in recent interviews that he expects to spend more than $100 million, though people shouldn’t be surprised if he spends up to a billion. Sam Bankman-Fried: How Much Will He Spend? At the time of writing, Bankman-Fried has a net worth estimated to exceed...

North Korea and the United States are once again going at each other’s throats in the name of cryptocurrency activity. This time, it looks like the U.S. has put sanctions in place against North Korea-based crypto mixer Tornado Cash, which at the time of writing, is alleged to have laundered more than $7 billion in digital funds. North Korea Has Been Using Tornado for the Wrong Reasons North Korea has long been the subject of crypto speculation amongst North American...

Despite what appears to be an ongoing hatred for bitcoin and endless attempts to rid itself of the world’s number one digital currency by market cap, China still holds a rather strong position in the crypto market. China Still Hosts a Lot of Mining Just over a year ago, China shocked the world by announcing that it was going to end all bitcoin and crypto mining operations within its borders and it declared the process of extracting units from the blockchain illegal. The...

It looks like the Federal Reserve is in something of a giving mood. The agency has announced that with inflation in America coming to a sudden standstill, members are looking to scale back rate hike plans in the coming months. The Federal Reserve Could Stop Hiking Rates Initially, the Federal Reserve was planning to hold another big meeting in September. Now that the month has arrived, several bitcoin enthusiasts were probably shaking in their boots, as every time the...

Mike Novogratz and Galaxy Digital have always been there to support bitcoin. There’s no doubt about this, but has bitcoin been able to support them? Following the company’s recent Q2 reports, it appears BTC is abandoning both figures. Mike Novogratz Is Feeling the Burn Galaxy Digital is reporting that it lost more than half a billion in quarter two of 2022, nearly triple its losses for the same period in 2021. The company – which has become so tied to bitcoin – has...

A few months ago, Fidelity – one of the biggest retirement account firms in the world – announced that it was going to allow customers to put some of their retirement savings into digital currencies like bitcoin and Ethereum. Fidelity Rubs Senators the Wrong Way The news saw many traders and investors hitting the roof. This would surely make all crypto legitimate and mainstream, but it also rubbed a lot of people the wrong way, especially democrat senators. They scoffed...

A cryptocurrency muckraker is learning the hard way that fake DMCA takedowns can affect even the most basic material. Dirty Bubble Media – a newsletter hosted on Substack – has covered many shady elements of the crypto world for the past two years. The division has enjoyed heavy readership since its earliest days, but it was recently taken down over allegedly false claims of copyright infringement. Dirty Bubble Media Is Suffering This appears to be a recurring theme not...

Is Michael Saylor moving too fast by stepping down from his role with MicroStrategy? Michael Saylor Is No Longer MicroStrategy’s CEO In a recent article, Live Bitcoin News notified readers that Michael Saylor – the CEO of MicroStrategy – would be stepping down from his position as CEO and entering the new role of “executive chairman.” While nobody has listed bitcoin as the official reason, it’s interesting to see that the move is coming after Saylor put so much into...

Residents of Florida are being warned about a new crypto romance scam that’s operating under the names “pig butchering” and “pig slaughtering.” The names alone should be enough to make anyone run away, though for some reason, the scam has managed to permeate several online dating platforms and social media sites, meaning it is the latest scam of its kind to fully take form. A New Online Crypto Scam Is A-Brewin’ These kinds of scams are nothing new, yet the fact that...

The crypto division of the popular trading app Robinhood has been slapped with a $30 million fine in New York after the company allegedly violated cybersecurity regulations and anti-money laundering laws. The penalty was handed down by the New York State Department of Financial Services, which accused the company of failing to utilize proper resources to halt illicit trading activity on its platform. Robinhood Has Landed in Hot Water A press release involving the matter...