Tag Archives: crypto

Sam Bankman-Fried – crypto billionaire and head executive of FTX, one of the largest (and newest) digital currency platforms in the world – is spending millions of dollars on this year’s midterm elections. He has stated in recent interviews that he expects to spend more than $100 million, though people shouldn’t be surprised if he spends up to a billion. Sam Bankman-Fried: How Much Will He Spend? At the time of writing, Bankman-Fried has a net worth estimated to exceed...

A cryptocurrency muckraker is learning the hard way that fake DMCA takedowns can affect even the most basic material. Dirty Bubble Media – a newsletter hosted on Substack – has covered many shady elements of the crypto world for the past two years. The division has enjoyed heavy readership since its earliest days, but it was recently taken down over allegedly false claims of copyright infringement. Dirty Bubble Media Is Suffering This appears to be a recurring theme not...

The crypto division of the popular trading app Robinhood has been slapped with a $30 million fine in New York after the company allegedly violated cybersecurity regulations and anti-money laundering laws. The penalty was handed down by the New York State Department of Financial Services, which accused the company of failing to utilize proper resources to halt illicit trading activity on its platform. Robinhood Has Landed in Hot Water A press release involving the matter...

There was a time when a store accepting crypto payments was not the norm. In fact, it was downright wacky. There were many companies that were concerned about accepting digital assets as forms of payment due to their volatility, but according to a new survey conducted by financial giant Deloitte, as many as 75 percent of America’s retailers are planning to accept digital currency payments within the next two years. Crypto Payments Are Becoming More Popular Moves like...

Crypto Market Overview Bitcoin’s dominance is steadily declining and now fell below 40%, now standing at 39.05%. This came as a result of Ethereum outperforming the top cryptocurrency by market cap due to its price increase before the long-awaited merge. The most valuable cryptocurrency pair, BTC/USDT, is currently trading at $24,095.98, while Ethereum, the second-largest cryptocurrency by market capitalization, has risen to $1,895.48, up 11.47% in...

North Korea isn’t too happy that it’s been called out by the United States for its repeated roles in cyberattacks designed to make off with stolen digital currency funds. The country is home to several hacking groups – including Lazarus, one of the most notorious organizations of its kind – and has allegedly stolen several billion dollars in digital currency over the years as a means of funding its ongoing nuclear program. North Korea and Its Long, Illicit History The...

California – which arguably has some of the strictest financial laws in the United States – is lifting a recent ban on political candidates accepting cryptocurrency donations. Thus, anyone running for office in the Golden State can now accept donations in the form of BTC, Ethereum, or any other digital asset. California Permits Crypto Political Donations The ban on crypto donations in California had been in place since 2018. The reversal occurred at the hands of the Fair...

What needs to happen for the crypto market to finally bottom out? When Will Crypto Finally End Its Own Destruction? This is a question that is ringing in the ears and minds of analysts and industry heads everywhere, and the sentiment is that there needs to be a few things. The first is improvement in macroeconomic factors. Things like inflation need to subside, and the economy and the stock market also need to show signs of fixing themselves fast. Analysts also say that...

Mixers within the crypto community are experiencing huge booms in business despite the crypto space crashing like it never has before. Mixers Have Been Quite Active Mixers are individuals or businesses that take digital currencies garnered through illicit means and hide them amongst legitimate assets. The process keeps the identities of the parties receiving the crypto quiet while making it appear as though they are not engaged in illicit activity. As time has gone by,...

The nation of Sri Lanka is warning citizens and telling them to avoid using or trading digital currencies whenever possible. Sri Lanka Appears to Be Very Anti-Crypto The warning comes at a moment when the whole world seems to be rethinking its attitude towards crypto. At the time of writing, the digital currency space is experiencing a period of suffering unlike any other. Bitcoin, for example, the world’s number one digital currency by market cap, has lost more than 70...