The host of the Protocol Podcast, Eric Savics, became a Twitter sensation overnight as he posted a video explaining how he lost his 12 BTC. Supposedly, these were his savings that he hoped he’d be able to buy an apartment with and he’s been putting the money aside for the past seven years.Now, however, his Twitter account doesn’t exist.How Eric Savics Lost His BitcoinsOn June 10th this year, the host of the Protocol Podcast, Eric Savics, said he lost all of his bitcoins in a tragic mistake.As...
Read More »President Trump Told Secretary Mnuchin To Go After Bitcoin in 2018, Bolton’s Book Reportedly Reads
President Donald Trump has urged Treasury Secretary Steven Mnuchin to “go after Bitcoin” as early as mid-2018 amid the ongoing trade war with China, according to an unpublished book written by his former national security advisor John Bolton.Trump Against BitcoinPresident Trump has not been supportive of any cryptocurrency as he pointed out himself in July 2019:“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air....
Read More »After COVID-19 And The Halving, Bitcoin Now Records Its Lowest Interest Level In 3 Months
Bitcoin recorded its lowest interest level in 3 months, according to recent data from Google Trends. Interest in the leading cryptocurrency started fading away since the completion of Bitcoin’s third halving.Interest In Bitcoin Lowest Since MarchBitcoin started receiving a lot of attention in January when news about the COVID-19 got to the mainstream.The trend continued to mid-March when Bitcoin crashed alongside the global stock market due to the pandemic effect. As usual, the massive price...
Read More »Binance To Launch Regulated UK-Based Cryptocurrency Trading Platform This Summer
The leading cryptocurrency exchange, Binance, will launch a trading platform in the United Kingdom this summer, a recent report informed. It will allow both retail and institutional investors to use the platform, which will be regulated by the UK Financial Conduct Authority.Binance Goes To The UKAccording to today’s Reuters report, the popular cryptocurrency exchange will begin operations in the UK this summer with up to 65 digital assets initially and more to be added in time.The UK-based...
Read More »Floyd Mayweather and DJ Khaled Backed ICO’s Co-Founder Pleads Guilty of Fraud
Robert Farkas, the co-founder of Centra Tech, is one of the lead defendants on a massive case, including securities and wire scam, and a fraudulent ICO, raising more than $25 million, according to the FBI.Farkas Plead Guilty, Co-Defendants Set On Another TrialAccording to the office of the United States Attorney for the Southern District of New York, the co-founder of crypto start-up Centra Tech Robert Farkas pled guilty in court on charges of conspiring and committing securities and wire...
Read More »Loopring Lists pBTC: A Quicker Cross-Chain Bridge From Bitcoin to Ethereum
The non-custodial, decentralized exchange, Loopring, has listed pBTC – a token that acts as a fully-backed Bitcoin equivalent on the Ethereum blockchain.The addition of pBTC to Loopring – the fastest decentralized exchange (DEX) based on Ethereum – gives Bitcoin users a quick on-ramp to Ethereum’s decentralized finance (DeFi) ecosystem.Loopring Lists pBTCProvable Things – the developers of pBTC – announced the listing of pBTC against stablecoin Tether (USDT) on June 16. According to...
Read More »Grayscale Says Investors Buy Bitcoin as an Inflation Hedge Amid Massive Money Printing
Grayscale Investments asserted that amid the current economic uncertainty prompted by the latest governments’ actions to print lots of money, institutional investors turn to Bitcoin and other cryptocurrencies looking for a potential hedge against inflation.BTC And Crypto To Serve As HedgeOne of the world’s leading digital asset management companies recently posted on Twitter their views regarding the current financial situation and the role of cryptocurrencies in it:“As we’ve closely...
Read More »FBI-Wanted Bitcoin Scammer And Alleged Child Molester Russ Medlin Arrested in Jakarta
The Jakarta Metro Police have arrested US national Russ Albert Medlin, considered to be the unofficial owner of the large cryptocurrency Ponzi scheme BitClub Network. The police acted after receiving a tip that Medlin has been involved in a child prostitution ring.BitClub Network Owner Arrested In IndonesiaThe Jakarta Metro Police’s Cyber Crimes Directorate captured Medlin in Kebayoran Baru, South Jakarta, on Sunday, a report informed. On the day of the arrest, police officers intercepted and...
Read More »Kazakhstan To Attract $738 Million Of Cryptocurrency Investment in Three Years
The Republic of Kazakhstan continues to maintain its bullish stand on cryptocurrencies and crypto mining operations. The central Asian country is planning to attract millions of dollars of investments to its domestic crypto industry within the next three years, local media reported Tuesday.Askar Zhumagaliyev, Kazakhstan’s Digital Development, Innovation, and Aerospace Industry Minister, made this known while addressing the Senate in a June 11 plenary session.Crypto And Mining Are Part Of...
Read More »Bitcoin Cash (BCH) Is a Shitcoin, According to BitMEX CEO Arthur Hayes
Arthur Hayes, the CEO of one of the leading Bitcoin derivative exchanges, BitMEX, has once again slammed a cryptocurrency for being a “shitcoin.” This time it was Bitcoin Cash (BCH) that’s under his radar.BitMEX Listing BCH/USD Perpetual ContractIn an announcement from June 01st, 2020, BitMEX revealed that it’s going to launch a BCH/USD perpetual swap contract with up to 25x leverage. Today, the contract went live.“This is the fourth quanto contract to be launched on our platform and follows...
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