Tag Archives: News

It’s always interesting to see things get reversed. Typically, one often witnesses figures in the financial space – i.e. Warren Buffett, etc. – touting blockchain while believing that crypto is the money of criminals and do-nothings. Nic Carter, on the other hand, believes the exact opposite.Carter Is Pro Crypto, Not BlockchainAs the founder of Castle Island Ventures – a venture capital firm – Carter explained in an interview that blockchain is consistently touted as the eight wonder of the...

Facebook’s cryptocurrency project Libra is still very much up in the air, according to board member Patrick Ellis.Ellis Admits Facebook Has No Clue What It’s DoingComing about in late June of 2019, Libra has sparked controversy at every turn, and has people split right down the middle regarding how trustworthy it is and how useful it will be. The idea is that Libra will be used as a cryptocurrency through Facebook for third-world nations to purchase goods and services. Many of these regions...

The Securities and Exchange Commission (SEC) is continuing to exhibit its newfound hard-as-nails attitude towards crypto and blockchain ventures, and has recently enforced a $250,000 penalty on a startup called Blockchain of Things Inc. (BCOT)The SEC Is Not to Be Taken LightlyThe SEC alleges that the company hosted an unregistered initial coin offering (ICO) back in December 2017. That ICO resulted in roughly $13 million in capital gained for BCOT. Granted the company is forced to comply with...

Tap is a one-stop-shop crypto app that includes an aggregated crypto exchange (spanning several exchanges to deliver optimum prices), safe crypto storage through insured custodianship, a payment card and all the normal alt-banking features that help tap fulfill its aim to be a truly unified crypto banking solution.The listing on Bittrex is part of a coordinated mass rollout of the Tap project. As part of this rollout, Tap released an MTO on the STP network on 19th December, the app was made...

The world’s fifth-largest technology company by revenue Alphabet has recently appointed a new CEO. One of the world’s most valuable companies welcomed Google CEO Sundar Pichai. As we reported earlier, Pichai replaced Larry Page and Sergey Brin, Alphabet founders who decided to step down. Soon after promotion, Pichai got a new surprise: the Alphabet board announced awarding Pichai a hefty raise in salary. Now, Sundar’s earnings will make up $2 million per year starting from January, 1....

The United States Securities and Exchange Commission (SEC) has decided to postpone the Wilshire Phoenix’s Bitcoin ETF proposal. According to a document released by the commission, they will continue putting the proposal under review. By February 26th, 2020, the SEC will approve or disapprove the rule changes that will determine the status of the ETF. This decision essentially puts in limbo the status of the ETF. It also indicates the cold feet that the SEC has towards new Bitcoin and other...

Another case of SIM-swapping is in the books. This time, the culprit is allegedly a 19-year-old man based in Brooklyn, New York, who may have stolen as much as $1 million in assorted crypto funds from various individuals.SIM-Swapping Is Becoming More CommonThe thief – named Yousef Selassie – is presently charged with grand larceny, identity theft and computer trespass among other things. He will face trial and judgement in a Manhattan district court.SIM-swapping is growing in popularity...

People seem to love celebrities. Even cryptocurrency hackers have a thing for famous individuals as recently witnessed in a case of one hacker utilizing an image of famed pop singer Taylor Swift to hide malicious code.Taylor Swift Is Hiding a BotnetTaylor Swift is widely renowned for her capabilities as a musician, actress and marketer. Now, it appears she was unknowingly part of a cryptocurrency botnet that sought to hide crypto malware on infected computers. The botnet is known as MyKingz,...

The news recently got a splash because of the Twitter user reporting transaction censorship. Binance Singapore froze his money because he was sending them to a Wasabi Wallet.CZ Answers on Espionage Allegations by Twitter CrowdsChangpeng pointed out that there are lots of comments on Twitter under the post about a frozen payment. It shows that people still do not understand how the exchange regulation works, while its a broad topic. In terms of AML procedures, the exchange is obliged to...

Well, here’s a bit of good news for us all to enjoy. It looks like maybe bitcoin isn’t doomed to end on such a low note after all.Bitcoin Is Showing Promise Once AgainYes, the currency is nowhere near its peak price of $13,600 which occurred over the summer, but we can all take comfort in the fact that perhaps the number one cryptocurrency by market cap isn’t going to end 2019 below $7,000.After several days of traversing the $6,000 range, it appears the currency is walking a path of...