Tag Archives: Bitcoin News

We’re only four months into the new year, but 2022 has already proven to be a busy year for cryptocurrency scam artists. According to the Richmond RCMP, roughly $2.6 million in crypto funds have been stolen from unsuspecting victims thus far, and it looks like that number is slated to grow. The Richmond RCMP Tells People What Precautions to Take According to the RCMP, most crypto scams come in the form of romance scams, fake investment schemes, or individuals pretending...

The Wikimedia Foundation has voted to stop accepting payments or donations in cryptocurrency, a huge blow to the industry. Wikimedia Votes Against Future Crypto Payments Many of the world’s biggest crypto assets were initially designed to serve as payment methods that could potentially push things like checks, credit cards, and fiat currencies to the side. However, this has been a slow journey given how volatility they tend to be. Assets like bitcoin, Ethereum, and many...

A crypto mining facility in Wichita Falls (part of Clay County, Texas) has been active for some time. The funny thing is that nobody seemed to notice it. Texas Is a Big Crypto Mining Haven The mining facility has been extracting bitcoin and other forms of digital currency for several months. Judge Mike Campbell once joked that there were more cows than people in the area that the mining facility had made its home in. Developed by Dexa Resources, the company is taking...

Bitcoin price extended decline below the $40,000 zone against the US Dollar. The price is now trading above $40,000 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $41,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a steady increase if there is a move above the $42,000 level. Bitcoin price is recovering above $40,000 against the US Dollar. BTC could recover...

Crypto expert Virgil Griffith was sentenced to five years in prison after pleading guilty last year to conspiracy. Virgil Griffith Will Serve Time Behind Bars Griffith had been charged with helping North Korea use cryptocurrencies to avoid sanctions. He will serve his prison term in a federal corrections facility. At 39 years of age, Griffith traveled to North Korea’s capital of Pyongyang in 2019 to take part in a crypto-based conference even after the U.S. government...

The Texas Rangers Baseball Club has joined hands with global trading community Trade the Chain, making it the first crypto firm to be associated with a baseball club. Trade the Chain will provide sponsorship payments to the club that will be doled out entirely in crypto assets like bitcoin and ETH. The Texas Rangers Team Is Working with Trade the Chain This is the first Major League Baseball partnership to be based entirely on digital currency. Neil Leibman – the...

A woman in New Hampshire has become the latest victim of crypto theft. The lady – who is only going by her first name Michelle – says that she has four crypto accounts, one of which was hacked using her Samsung phone. She has since lost thousands in digital funds. Michelle Has Lost Thousands Things took an ugly turn when her phone notified her that an update was available. She clicked on it, and it wasn’t long before the phone stopped working altogether. She explained in...

Terraform Labs in Seoul, South Korea is looking to buy as much as $10 billion worth of bitcoin to back its own stable currency, which it’s looking to release soon into the crypto market. The company is also looking to make bitcoin the world’s new reserve currency. Terraform Labs Has Big Plans for Bitcoin At the time of writing, Terraform Labs has garnered roughly 40,000 bitcoin units, which are worth about $1.7 billion. The purchases were made with the assistance of Luna...

Several restaurants across the United States are beginning to say “yes” to bitcoin and crypto payments. Restaurants and Crypto… A Perfect Match? The hype surrounding crypto as a payment method is beginning to take hold, and several high-profile eateries throughout America are now beginning to allow their customers to pay with digital assets. Cambo Flare, for example, is an Asian fusion restaurant in Big Lake, Minnesota. Since opening in November of 2020, the customers...

Sometimes college isn’t all it’s cracked up to be. While a degree is often viewed as important in the eyes of companies and businesses that are hiring necessary talent, for others, there are more significant things in life like being able to save one’s money, having a stable future, and being independent. For college dropout Natalie Arabian, her education became something of a side hustle when compared with her crypto aspirations, and she was eventually made to choose...