Tag Archives: crypto

Internet influencer Lil Tay was announced as dead in an Instagram post that later turned out to be false. This has only deepened the crypto mystery that now surrounds the hoax. Lil Tay and Crypto… A Web of Oddities? In mid-August, a post on the Instagram page of Lil Tay said the 14-year-old and her brother had passed away. However, Lil Tay eventually went onto her page and commented that her account had been hacked, and that she and her family member were still...

British Columbia, Canada has been a hotspot for crypto crime as of late. One of the big things that’s happening is crypto is being used to launder illicitly funds garnered by organized crime rings. British Columbia: The Biggest Crypto Crime Spot? In a recent interview, Hilary Morden – an expert on gangs in British Columbia – shared the information she had on the topic. She has spoken with more than 100 individual gang members, mostly in 2016 and 2017 through a...

The owner of the Carolina Fish Market in Ballantyne, North Carolina is in trouble for using a COVID-based loan to purchase cryptocurrency. James Seidel has been accused of defrauding the Small Business Administration (SBA) using Economic Injury Disaster Loan funds. COVID Fraud Became Rather Prominent The COVID pandemic of 2020 and 2021 brought about a huge string of disasters. The economy tanked, people were out of work, and many businesses were forced to either...

PayPal – the world’s biggest digital payment platform – has announced the release of a new USD-pegged stable asset it’ll use to enter the digital currency market. PayPal is Delving Deeper into Crypto PayPal has had a strong background in crypto. A former executive with the firm – David Marcus – lent plenty of energy and time to aid Facebook’s failed Libra project, which would have seen a new stable currency payment outlet formed on the social media giant. Also,...

Popular game seller GameStop has announced an end of all ties to its crypto wallet system given the space is too uncertain. GameStop Withdraws from the Crypto Space The comments make sense in that there is very little crypto regulation permeating the U.S. Traders have no clear rules to follow and neither do the companies and platforms that hold their assets, and this is setting them up for some very harsh realities through financial agencies such as the Securities...

A recent survey suggests that while republicans are often the ones touting crypto and the benefits of this growing financial industry, it’s democrats that hold the most digital money in their wallets. Democrats Have a Lot of Crypto The news is interesting given that over the past few years, democrats have waged war on the crypto space. For example, Joe Biden – America’s criminal-in-chief – has sought to implement a phony infrastructure bill designed not to rebuild...

Ron DeSantis – the republican governor of Florida who recently threw his hat into the 2024 presidential ring – said that the present commander-in-chief Joe Biden has started a crypto war that will end once he, DeSantis, becomes the next leader of the free world. Ron DeSantis Vows to Open the Crypto Door as President During a recent campaign event in New Hampshire, DeSantis pledged his love and loyalty to bitcoin, continuing a string of pro-crypto statements that...

A dark web drug bust that utilized bitcoin and crypto has been taken down in Detroit, Michigan. The organization was run by Carolyn Hernandez-Taylor and her brother, and the former has already pleaded guilty to the charges against her. Carolyn Hernandez-Taylor Takes a Plea Deal FBI agents raided the home of her brother, where most of the duo’s activities took place. There, they found a clandestine drug lab and thousands of counterfeit Xanax pills. They also...

Crypto banking company BCB Group says it’s on the verge of offering instant USD settlements by the end of this year, thus bridging the gap between crypto and fiat even further. BCB Group is Powering Up Crypto and USD Deputy chief executive Noah Sharp commented in a recent interview: We’ve already tested the BLINC network on dollars with some pilot exchanges. We’ve already configured the technology to work for U.S. dollars, and we’re just waiting to enable it on...

The Securities and Exchange Commission (SEC) sees crypto in a very negative light. However, according to many analysts, the financial agency stands alone in its views, and everything it considers differs heavily from the thoughts and ideas of the rest of the world. The SEC is Very Crypto Strict One of the big things the SEC believes is crypto exchanges are like securities exchanges, and they must be treated and regulated as such. Gary Gensler – the man in charge...