Tag Archives: News

Libra has been attacked from all sides, but now people are even starting say its introduction to the financial space was ill-planned.Libra Hasn’t Tried to Clean Up Its ActLibra first emerged last summer to mixed reception. Many users said they didn’t trust Facebook enough after the Cambridge Analytica scandal to give the company their financial data, and many politicians were concerned that Libra would potentially open the door to money laundering and other white-collar crime.However, others...

Canaan Creative is arguably the world’s biggest cryptocurrency mining company after Bitmain. The company has sought to ensure its initial public offering (IPO) – which it’s been touting for some time – makes serious headway in the financial space, and it can be argued that this goal was accomplished.Canaan: A Leader in IPOs?The IPO, which took place in the United States despite Canaan being situated in China, has garnered the venture more than $90 million. Approximately 10 million Americans...

Bitcoin just keeps slinking lower and lower on the financial totem pole, but some analysts say things are about to get a lot worse before they get better.Bitcoin: About to Hit New Lows?As it stands, bitcoin is trading for about $7,200 at press time. This is unfortunate considering just a few weeks ago, it was trading for almost $2,500 more. The currency has been experiencing so many drops as of late and nobody really knows why. All we can do is sit back and hope that things will somehow...

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,...