Tag Archives: Bitcoin News

Canaan Inc – one of the largest bitcoin mining companies in the world – is now the subject of a class-action lawsuit brought forth by several investors through a Manhattan court. A federal judge has ruled that a Hong Kong couple should lead the securities-fraud suit against the firm even though the filing was delivered late. Canaan Is at the Center of a Heavy Suit The decision was made by U.S. District Judge John Cronan, who believes that Bill Lu and Liyang Huang are the...

Robert Kiyosaki – the author of “Rich Dad, Poor Dad” – believes that a huge market crash is coming, and that bitcoin – along with many other assets, such as gold and silver – will come to a screeching halt rather soon. Robert Kiyosaki – The Market Will Suffer Kiyosaki suggests that a huge economic downturn is on the horizon, and he’s looking to invest all he can when the supposed crash occurs. In a series of tweets, he commented: Crash and depression coming. Gold,...

The world’s third largest holder of bitcoin has just bought up a whole lot more. It appears the anonymous whale has purchased as much as $150 million in new BTC units. The news came from Bit Info Charts, a blockchain monitoring service, and suggests the whale bought into bitcoin’s recent dip. A Whale Has Purchased Quite a Bit of BTC At the time of writing, the world’s number one digital currency by market cap has lost quite a bit of momentum. The asset has fallen to...

2021 was certainly the year for cryptocurrency, especially when considering the statements and opinions of well-known social media forums like Reddit. The platform saw cryptocurrency as being the most popular theme amongst users this year, with a record-breaking 6.6 million mentions throughout. Reddit Brings Crypto to Mainstream Territory The term ultimately got more mentions than even “gaming” and “sports.” At the time of writing, Reddit enjoys approximately 430 million...

It looks like cryptocurrency has entered a whole new arena and crossed deep into mainstream territory. According to some financial advisors, everyone should have crypto as part of their portfolios no matter their ages. Cryptocurrency Is Rising to the Top There was a time when financial advisors across America and abroad were telling their clients to avoid cryptocurrency at all costs. The idea was that these assets were dangerous not only because they were volatile and...

Credit card giant Visa has opened an entirely new division designed to provide cryptocurrency advisory services to companies looking to get involved in the growing financial arena. Visa Is Offering Crypto Advice The irony of the situation is that Visa provides users with one of the biggest payment options available today. All one needs to do is sign up, go through a quick background check, and boom! They can get their new card mailed to them granted there isn’t anything...

The Austin Community Foundation has garnered a crypto-based gift worth more than $1 million USD. The donor remains anonymous at the time of writing, though we know he (or she) may have gotten involved in crypto at an early stage. Austin Community Foundation Is Crypto Wealthy The person opened a donor advised fund with Austin Community, which allows individuals to decide how to send money to various nonprofits across the country. The big clincher is that all money offered...

2021 saw many Americans jumping into the crypto space. In fact, according to a new report from Grayscale Investments, more than half of Americans owning crypto began trading just this year. Grayscale Issues New Report Detailing Crypto Ownership It can be said for many reasons that 2021 was the era of crypto. One of the main reasons is because assets like bitcoin and Ethereum hit all-time highs, with the former reaching $68,000 per unit in November and the latter spiking...

Google has filed a lawsuit against two individuals living in Russia over a botnet they used to infect several computer networks for the purpose of mining cryptocurrency. Google Goes After Glupteba The botnet not only stole crypto assets but the personal information of unsuspecting victims. Google has worked with several internet infrastructure companies to remove servers that the hackers were using to control the networks they infected. The botnet has been deemed null...

Craig Wright has won his bitcoin-related civil suit, casting doubt on all those who said the London-based Australian computer scientist wasn’t Satoshi Nakamoto. Craig Wright Is Victorious in Court The suit centered around an alleged stash of cryptocurrency and bitcoin units worth approximately $54 billion at the time of writing. A jury in Florida has dismissed approximately six of seven charges brought forth by the family of David Kleiman, who allegedly worked with...