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Tag Archives: Bitcoin

Gary Harmon, Larry Harmon’s Brother, Pleads Guilty to Crypto Theft

An Ohio native allegedly stole millions of dollars in bitcoin from the Internal Revenue Service (IRS). 31-year-old Gary Harmon has recently pled guilty to one count of wire fraud and a separate count of obstruction of justice after allegedly stealing more than 700 individual bitcoin units from the agency. Gary Harmon Pleads Guilty to Crypto Theft and Wire Fraud The bitcoins in question were taken by law enforcement agents from Gary’s brother Larry Harmon, who ran a...

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Nicholas Taleb Still Ain’t Crazy About Crypto

Bitcoin spent the early parts of January and the new year rising through the ranks and jumping beyond the $17K mark again. Everyone began to get a little excited about the currency’s prospects, but for hardcore critics like Nicholas Taleb – the author of the bestselling book The Black Swan – bitcoin is still a low-end trading tool that should be ignored and avoided at all costs. Nicholas Taleb Still Hates BTC While bitcoin may be doing somewhat better at press time, it...

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Why Litecoin Could Make a Serious Comeback in 2023

2022 was a crazy year for bitcoin and cryptocurrency. With all the talk regarding the fall of bitcoin’s price and value, it became easy to forget about some of the more obscure coins. Now, many of those assets are coming back into the fray, including Litecoin, which many analysts think is about to make a major comeback and become one of the biggest, most talked about assets of the new year. Litecoin Is Back, Baby! One of the reasons Litecoin is returning to everyone’s...

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Andy Greenberg Is Publishing a New Book on BTC’s Traceability

Andy Greenberg – a technology journalist – has a new book coming out called “Tracers in the Dark: The Global Hunt for the Crime Lords of Cryptocurrency.” Andy Greenberg Has a New BTC Book Coming Out The book details the early 2021 incident in which the Colonial Pipeline was hacked by cyberthieves who demanded bitcoin and other cryptocurrencies in exchange for its release. The Department of Justice (DOJ) was able to recover half of the payment that was sent and take the...

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Bitcoin Is Now 14 Years of Age!

Crypto fans everywhere are wishing bitcoin – the world’s number one digital currency by market cap – a happy birthday, as just a few weeks ago, the beloved asset turned 14. Bitcoin Is 14 Years Old Bitcoin’s whitepaper was officially introduced on Halloween of 2008, but it wasn’t until January of 2009 that the currency began getting mined and added to blockchain circulation. While the whitepaper may have been the asset’s first real introduction to the world, many see that...

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Connecticut Police Get $23K in Stolen Crypto Funds Back

Members of a local police force in the state of Connecticut have helped a theft victim recover roughly $23,000 in stolen crypto funds. Police Are on the Case! The money was deposited under false pretenses to several nearby bitcoin ATMs after a complaint was filed in September of last year. The victim had allegedly been scammed into depositing the money into various machines around the state, and the case was noted by the Milford Police Department. It was stated that more...

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Bitcoin Price Analysis: BTC Aims More Gains above $23K

Bitcoin price started a fresh increase from the $20,400 zone against the US Dollar. The price is now trading above $22,000 and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $22,450 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could continue to move up if it stays above the $21,500 resistance zone. Bitcoin price is rising above $22,000 against the US Dollar. BTC might extend gains if...

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The Federal Reserve and Other Agencies Are Warning Banks About Crypto

U.S. regulators like the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have established a joint statement warning banks all over the world about the alleged risks and problems that come with crypto trading. The Federal Reserve Feels Crypto Is Problematic These agencies say that banks need to take these risks seriously and implement the necessary security measures to keep themselves and their customers safe....

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Erik Voorhees Sees a $40K Price for BTC in 5-6 Months

Erik Voorhees, the CEO and founder of crypto exchange Shape Shift, sees bitcoin – the world’s number one digital currency by market cap – reaching a relatively modest price of about $40,000 at some point this year. Erik Voorhees: BTC Will Be at $40K 2022 was a rough period for bitcoin. The asset fell by more than 70 percent from its all-time high of $68,000 per unit and dropped into the mid-$16,000 range. Things have been bad for the currency and its altcoin cousins for...

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Valkyrie Investments Seeks More Control of the Grayscale Bitcoin Trust

Valkyrie Investments is working to become the new sponsor and manager of the Grayscale Bitcoin Trust, arguably the largest digital currency fund in existence. Valkyrie Investments Wants a Bigger Role in Grayscale’s Environment Based in Nashville, Tennessee, Valkyrie is tasked with managing $180 million in assets. In late December, the firm announced what’s to be called the Valkyrie Opportunistic Fund, which will take advantage of discounts being offered through Grayscale...

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