Tag Archives: Bitcoin News

The high number of fake crypto trading apps has earned the attention of the Federal Bureau of Investigation (FBI). The organization is now issuing warnings to traders saying they need to do their due diligence before utilizing a crypto investing platform or application so that they don’t fall victim to potential scams. The FBI Is Noticing a Lot of Fake Crypto Apps The FBI says since the beginning of 2022, nearly 30 separate individuals have lost close to $4 million after...

Not long ago, Tesla – the electric car company brought to the financial forefront by South African entrepreneur Elon Musk – announced it had sold a lot of its bitcoin. No doubt the company experienced heavy losses given that when it first bought BTC in 2021, the asset was trading in the $50K range. Elon Musk Will Still Buy BTC in the Future Now, bitcoin is not even half that and trading for about $24,000 per unit, though Elon Musk says that his company would be open to...

The U.S. Treasury is doing additional research on crypto. The organization is looking to study the benefits, risks, and disadvantages that come with the space to align itself with the recent crypto executive order issued by “sleepy” Joe Biden. The Treasury Wants to Know About Crypto The crypto executive order came about several months ago. Biden garnered temporary praise for being the only acting president to engage in pushing crypto regulation, though this praise...

What needs to happen for the crypto market to finally bottom out? When Will Crypto Finally End Its Own Destruction? This is a question that is ringing in the ears and minds of analysts and industry heads everywhere, and the sentiment is that there needs to be a few things. The first is improvement in macroeconomic factors. Things like inflation need to subside, and the economy and the stock market also need to show signs of fixing themselves fast. Analysts also say that...

The Internet and Mobile Association of India (IAMAI) has released a statement saying that its Blockchain and Crypto Council (BACC) is now fully dissolved. Apparently, blockchain isn’t that big of a deal within the country. The BACC in India Is Dissolving The BACC was first established in 2017. Things appeared to be booming throughout the last four years, but now that the crypto space is experiencing its harshest bull market to date, regulators have decided that the BACC...

Mixers within the crypto community are experiencing huge booms in business despite the crypto space crashing like it never has before. Mixers Have Been Quite Active Mixers are individuals or businesses that take digital currencies garnered through illicit means and hide them amongst legitimate assets. The process keeps the identities of the parties receiving the crypto quiet while making it appear as though they are not engaged in illicit activity. As time has gone by,...

Millionaire investor and “Shark Tank” star Kevin O’Leary is convinced the recent crypto crash is a good thing. Kevin O’Leary: The Crypto Crash Isn’t Something to Worry About In an interview, O’Leary stated that the digital currency industry falling apart at press time is making it so that bad crypto businesses are forced to leave the fray. He also said that once regulation is in place, the price of bitcoin is going to increase by four times its present size. O’Leary...

The nation of Sri Lanka is warning citizens and telling them to avoid using or trading digital currencies whenever possible. Sri Lanka Appears to Be Very Anti-Crypto The warning comes at a moment when the whole world seems to be rethinking its attitude towards crypto. At the time of writing, the digital currency space is experiencing a period of suffering unlike any other. Bitcoin, for example, the world’s number one digital currency by market cap, has lost more than 70...

Kain Roomes is a 29-year-old crypto trader that has seen his wealth plunge in recent weeks following one of the most horrendous crypto crashes in history. How Much Has Roomes Lost? The digital currency scene has been one of ugliness and depression as of late. The digital currency arena has lost more than $2 trillion in overall valuation, and it looks like it may take a while for things to recuperate. The world’s number one digital currency by market cap (bitcoin) for...

Popular cryptocurrency exchange Bitfinex has announced it will be donating approximately 36 bitcoin units as well as $600,000 in Tether funds to the Central American nation of El Salvador. The company says this is all part of its ongoing efforts to support the nation. El Salvador Is Getting BTC from Bitfinex El Salvador has long been a bitcoin-loving nation. The country was the first to declare bitcoin legal tender in September of last year, claiming it was doing so to...