Tag Archives: Bitcoin News

As if Facebook didn’t already have enough on its plate. After seeing its cryptocurrency dreams come to a sudden end, the social media giant is now facing a massive lawsuit from Australian billionaire Andrew Forrest, who claims that the company did nothing to prevent a crypto scam featuring his likeness from affecting users. Facebook Isn’t Doing So Well Australia is working hard to remove any safe harbor protections that currently apply to social media companies....

The Securities and Exchange Commission (SEC) is planning to introduce some sweeping crypto rules that allegedly would allow regulators to check in on the activities of crypto exchanges and defi platforms. The SEC Is Working to Regulate Crypto at All Costs According to bitcoin and crypto bull Hester Pierce – who is often referred to as the “Crypto Mom” for her pro-bitcoin attitude – this could be very dangerous for the digital currency industry in that the rules are going...

Oscar-winning writer and actor Matt Damon has taken quite a bit of flak for his appearance in a recent advertisement for Crypto.com. Now, it looks like the popular animated television program “South Park” is the latest to jab at Damon for his work with the digital currency exchange. Matt Damon Just Can’t Catch a Break Not long ago, a commercial was featured on television that included the presence of Matt Damon, who is known for his work on films such as “Good Will...

Liam Ghershony – a 25-year-old former crypto enthusiast – has completed a 125-day jail sentence after drugging his father so he could convert more than $400,000 worth of his BTC into Ethereum. What Liam Did to Keep His Dad’s Crypto from Falling Liam was involved in crypto investing with his dad, and together, they began an account that saw them earn more than $350,000 in digital currency profits after taxes. Things were going well, but Liam had a serious drug problem...

Bitcoin price started a fresh increase above 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 $38,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is now facing a major resistance near $45,000 and might correct lower. Bitcoin price gained pace above $40,000 against the US Dollar. BTC even spiked...

MicroStrategy has already lost nearly $150 million this quarter largely because bitcoin’s price has dipped so much. MicroStrategy Stock Has Fallen Due to BTC It wouldn’t matter if bitcoin fell on its own. The problem is that the company has invested in the digital asset so much that stock shares are practically tied to the digital currency, and thus when BTC falls, the company is likely to fall with it. Chief financial officer Phong Le explained in an interview that the...

Michael Saylor – the man behind MicroStrategy, a software firm that’s made a name for itself buying bitcoin – is confident proper regulation would help the crypto space become more legitimate. He thinks the right rules will be a “catalyst” for BTC, the world’s number one digital currency by market cap. Michael Saylor Is Pro Regulation In a recent interview, Saylor said: Additional regulatory clarity from the [Biden] administration is going to benefit bitcoin and...

Jumaane Williams – a democratic gubernatorial candidate that’s seeking office in New York – says he wants to end a lot of the crypto mining that’s occurring in the Big Apple. While he’s not against crypto mining completely, he says he wants most facilities shut down so they can take time to reevaluate all the energy they’re using. Williams Wants NY to Take a “Mining Break” Williams made the announcement at a winery in the Finger Lakes, which recently saw the Greenidge...

There are many companies out there showing a more open-minded attitude towards crypto. They are purchasing the digital asset in spades and adding it to their balance sheets. They are also potentially interested in accepting it as a form of payment. According to Jerry Klein – managing director of the investment firm Treasury Partners in New York – it’s a big mistake when firms open their hearts to BTC and other forms of crypto. Jerry Klein Doesn’t Think Companies Should...

Fidelity – an investment platform – has called bitcoin a “superior” form of money, and it doesn’t think any other form of crypto is likely to surpass it. Fidelity Thinks Bitcoin Is the Strongest Crypto It’s unclear if Fidelity is a crypto fan or not, though it seems to recognize all the headway the currency has made in recent years. Not long ago, the company announced that many more countries are likely to follow in the footsteps of El Salvador, which was the first nation in the world to...