Tag Archives: News

Bitcoin futures platform Bakkt has reached a new all-time high of $20 million or 2,728 contracts. This comes as many have been wondering if the launch of the platform by Intercontinental Exchanges (ICE) was just a fluke or an attempt at trying to take over the crypto space.The recent development shows that this trading volume observed on November 22 is 66% higher than on the previous trading day and about 30% higher than the last all-time high which occurred on November 8.According to the...

What initially started out as an attempt to halt a movie pirate from doing “his thing” has turned into something much larger. A man based in New Zealand named Jaron David McIvor has had nearly $7 million in crypto funds confiscated by local law enforcement after they were tipped off to his illicit business.McIvor Loses His FundsMcIvor – 31 years of age – tried to disguise his job and lifestyle by living in a very modest home with relatives. What was unknown was that the man was sitting on a...

A lawyer involved in the infamous One Coin cryptocurrency scam has been found guilty of both fraud and money laundering. Mark Scott – an attorney who garnered a near $50 million fee for routing approximately $400 million on behalf of the scam’s founder – is now facing 50 years in prison; one year for every million he potentially earned.Scott Faces Jail Time for His RoleLawyers for Scott claimed that he did not realize One Coin had no value, and that he was simply doing a job assigned to him...

As we continue our coverage of bitcoin and the crash of the cryptocurrency market, it appears the world’s primary cryptocurrency has fallen by another $300 and is now trading for just over $7,100. This is the lowest it’s been in months, and it’s unclear when – or if – the currency plans to recover.Bitcoin Continues to Suffer and DropAs we edge closer towards the end of the year and the introduction of 2020, we are reminded of the bear run that bitcoin endured during November of last year. The...

Coinspeaker World Chess to Issue Digital Tokens in ‘Hybrid IPO’ World Chess is going to issue tokens that will use blockchain ledgers to simplify the fundraising process and will be convertible to shares at a later point. World Chess to Issue Digital Tokens in ‘Hybrid IPO’ Continue reading at Coinspeaker

Venezuelan president Nicolas Maduro just can’t seem to take a hint when it comes to the Petro.The Petro is Failing and Will Continue to Do SoIn another effort to push Venezuela’s failed national cryptocurrency, Maduro has announced that retirees and pensioners within the country are set to receive financial bonuses in Petro funds this Christmas, but does anyone really care?The currency was first introduced in early 2018 through an initial coin offering (ICO). While Maduro claimed to have sold...

Congress Representatives were unhappy with Zuckerberg‘s attitude on his last hearing within a building of the House Financial Committee Services. Previously, Mark claimed that his company would not be trying to undermine the existing dollar-based economy. Yet, he wants Facebook to have its branded currency no matter what, working all over the Earth, with 200 million people as the “ready to go” audience. And even if the EU, Asia-Pacific and other tech-savvy gigs start developing much better,...

Blockchain activists used to praise Bakkt for introducing Bitcoin-settled futures. From the “OG” standpoint, any Bitcoin-alike asset looks somewhat shady if it is not backed by a government or a company with astronomical budgets and shiny names in the board of directors.But “Bitcoin free” trading is considered normal among many of the crypto activists. However, the recent announcement made by ICE regarding the Bakkt futures made traders wonder. They took an aggressive approach and asked ICE...

Bitcoin isn’t doing so well. The currency recently fell to $7,600 after weeks of trading in the $8,000 range, and the technical charts aren’t looking so good.Bitcoin Still Has a Bright FutureAnd yet, despite all this bearish activity, many heavy hitters and analysts in the crypto community agree that bitcoin isn’t done for and is likely to improve its present status in the coming months. Among the figures standing by bitcoin’s side is Tim Draper, the venture capitalist who recently claimed...

In what seems like an end to a disappointing year for troubled startup WeWork the company recently announced its intention to lay off 2,400 workers from the company following near collapse. The once-famed startup announced this on Thursday. The layoffs amount to roughly 20% of its 12,500 strong workforces. Some more layoffs of over 1,000 people are expected as several business units of the company are going to be shut down, merged or sold off as the company refocuses and resets several...