Tag Archives: crypto

Bitcoin incurred a bit of a fall at the end of January after it was revealed that the Federal Reserve was going to potentially enforce another small rate hike. Everyone was on edge after the ongoing debacle that was 2022, and it was believed that the digital currency arena was going to be hit hard by the Fed’s actions, thus causing more turmoil. The Federal Reserve May Hike Rates Again At the time, bitcoin fell from about $23,000 – which it had struck just weeks before –...

European basketball team the London Lions has aligned itself with Bit Pay and formed a joint partnership with the crypto platform. The purpose? To allow fans to purchase both tickets and merchandise surrounding the team with crypto assets. The London Lions Have Jumped Into Crypto The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on...

Iran and Russia are reportedly working together to establish a new gold-backed digital currency that will help each nation avoid sanctions imposed by the United States. Many experts are saying this is easier said than done, and that building such a currency – much less living and breathing by it – will be very difficult to do. Russia and Iran Have Formed a Crypto Bond Russia has allegedly reported that it wants to utilize the cryptocurrency to engage in bilateral trades...

The state of New York is moving towards accepting a new bill that if passed, would allow crypto to be used as a form of payment. Is New York Suddenly a Crypto Fan? This is huge for the Empire State in that it would not only put New York on the crypto map, but it would also ensure crypto – at least within the state’s borders – is utilized for the purpose it was created for. The bill states: This act amends the state finance law in relation to allowing New York state...

In a very interesting twist, the United States Supreme Court is considering a case that would see Joe Biden removed from office while reinstating Donald J. Trump to the White House. Is Trump Again Heading to the White House? The details of the case are a tad more complicated, though the basic premise lays out what many Americans likely already knew beyond a reasonable doubt: that fraud indeed took place in the 2020 presidential election and Trump was cheated out of ...

According to Sam Bankman-Fried, the disgraced head executive of the now defunct crypto exchange FTX, he only had about $100,000 to his name after his business fell into bankruptcy and he was arrested on alleged fraud charges. However, it appears federal prosecutors have seized as much as $700 million, all of which is believed to have been in accounts owned either by SBF himself or by the exchange. Sam Bankman-Fried Says He Only Had $100K In yet another string of lies,...

The FTX exchange, according to past testimony provided by its now disgraced founder and chief executive Sam Bankman-Fried, was initially designed as a way to merge both the crypto space and the traditional financial space together. FTX Started with Good Intentions In May of 2022, before the U.S. House Committee on Agriculture, SBF said the following: [FTX] was established to build a digital asset trading platform and exchange with a better user experience, customer...

The World Economic Forum (WEF) takes place every year in Davos, Switzerland. This time around, things were no different except for one little change… Davos Didn’t See Many Crypto Participants During the event, the streets of Davos are usually swarming with crypto companies. Some of the biggest names in the industry rush to Switzerland to see what they can do about the ongoing energy crisis that is allegedly putting the planet in danger and causing all kinds of problems...

The crypto industry has again crossed the $1 trillion mark. The space – which was given several heated blows over the past 12 months – has seen its overall valuation fall from about $3 trillion in the beginning of 2022 to less than $1 trillion by the time the year ended. This means more than $2 trillion was lost to time over the course of one year. Crypto Is Returning to Form The crypto arena dealt with several problems throughout 2022, which will likely go down as one...

Crypto traders in Australia got scared a few weeks ago when they saw a phony Facebook advertisement claiming they needed “social credit scores” of approximately 100 or more to do business with crypto exchanges and trade digital currencies. Australia Fooled By Fake Crypto Facebook Post The Facebook post read as follows: BREAKING: Australian citizens can only access bitcoin if they have enough social credits – report. According to a new law, Australian citizens need at...