Tag Archives: Bitcoin News

It’s a real problem getting your crypto account hacked, but if it contains the funds you’re going to use to retire, well… Then the situation becomes even bigger, and for several customers of IRA Financial Trust – a firm that allows its clients to invest their retirement funds in digital assets – this truth is hitting home right about now. IRA Financial Trust Sees a Lot of Money Disappear IRA Financial Trust has recently had about $36 million in client-owned digital funds...

The CEO of SoFi Technologies Anthony Noto says that while cryptocurrencies are indeed risky assets, any business that doesn’t invest now is going to miss the boat. Anthony Noto Says Businesses Need to Get Involved in Crypto In a recent interview, Noto revealed that his family office has spent the last year or so investing in mainstream digital currencies like bitcoin and Ethereum. He commented: We’re invested in cryptocurrency. We own bitcoin, we own Ethereum, we own...

Blockchain analysis firm Chainalysis has published a new report suggesting that cybercriminals stationed in Russia have made off with approximately $400 million in stolen digital currency funds. Cybercrime in Russia Is Booming Chainalysis says that much of this money was garnered through extortion and ransomware attacks. The news plays on the idea that crypto crime has grown heavily in recent years, with the blockchain firm stating in recent documents that billions of...

More and more customers of traditional banks and financial institutions are seeking ways to retain their monetary freedom and find new methods of investing. Crypto’s popularity is growing steadily every day, and there are now several banks seeking to provide their clients with ways of garnering crypto and adding digital assets to their portfolios. The latest bank to join this list is Valliance, which has chosen Bakkt as the official institutional platform that will grant...

Brent Whitehead and Matt Lohstroh are two young men from Texas that have already made millions mining bitcoin and other forms of crypto. The two have worked hard to establish a new company called Giga Energy Solutions, which mints bitcoin from natural gas. Brent and Matt Chose to Follow Bitcoin Both Brent and Matt come from oil families, and they were met with skepticism when they first announced three years ago that they wanted to go into the mining sector. However,...

It’s been months, and the fight surrounding crypto in India doesn’t appear to have an end in sight. The Reserve Bank of India (RBI) and its deputy governor T Rabi Sankar have recently issued statements saying that the only way to deal with crypto within the nation’s borders is by banning it. India and Crypto… The Fight Is Still Waging The words came at the recent Indian Banks Association 17th Annual Banking Technology Conference and Awards. Not long ago, it was announced...

Texas is quickly becoming one of the biggest crypto mining hubs in the world to the point that current governor Greg Abbott is making bringing more crypto jobs and companies to the Lone Star State part of his reelection campaign. Texas and Crypto Mining… A Great Match? The migration of crypto miners to Texas began in the summer of last year. China – which at one point housed more than 65 percent of the world’s digital mining projects – decided the practice should be...

Banking giant Wells Fargo has taken notice of how far the crypto world has come. It’s now predicting that adoption could grow tenfold in the coming years, and it believes that crypto is still very much in its early days. Wells Fargo Thinks Crypto Is Going to Get Bigger In a statement, Wells Fargo explained: For today’s investor trying to figure out if we are early or late to cryptocurrency investing, looking at technology investing in the mid-to-late 1990s seems...

Bitcoin is officially 13 years old. The cryptocurrency that everyone has grown to love, cherish, and respect turned 13 on February 11 of this year after getting mined for the first time on that date in the year 2009. Bitcoin Turns 13 It was also during that year that the world was introduced to Satoshi Nakamoto, the legendary man behind the number one digital currency by market cap. The e-cash system that now everyone is familiar with was new to traders and investors...

Bitcoin price started a fresh increase above the $42,000 zone against the US Dollar. The price is now trading above $42,000 and the 55 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $42,500 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 $42,000 against the US Dollar. BTC even spiked...