Tag Archives: News

In late July, the price of bitcoin endured a harsh dip after news came about that the Federal Reserve was on the verge of making another big (and tough) financial decision likely to affect Americans. Why Can’t the Federal Reserve Chill Out? For the most part, bitcoin had been trading above $30,000 in July, though things took a nasty turn following the announcement and the world’s number one digital currency by market cap slipped into the $29K range. Right now, it...

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...

A recent roundtable at Bitcoin Miami 2023 questioned if bitcoin is as slow and as inefficient as many analysts claim it is. Panelists also found themselves wondering what the role of crypto company Strike was when it came to the future of BTC. Bitcoin is Stronger Than Most of Us Think Bitcoin has often been dubbed an “outdated” token. While it was the initial form of crypto and gave birth to the digital finance arena, there are many assets that have emerged since...

Could the new bitcoin-based exchange-traded fund (ETF) application submitted by BlackRock really be a gamechanger for the crypto arena? According to some analysts, the answer is a resounding “yes.” The BlackRock ETF Could Really Change Things ETFs are nothing new. In fact, travel around the world and you’ll see many countries have permitted them, even the United States. The problem is that they are all based on other commodities such as oil, copper, etc. Very...

Jesse Pollak – the protocols lead for popular digital currency exchange Coinbase – believes that everyone on Earth will be introduced to blockchain and crypto within the next seven years. Coinbase Rep Thinks Everyone Will Be On-Chain in Seven Years In an interview, Pollak recently stated: Our feeling is that there’s so much growth ahead of us. We have less than ten million people on-chain today. There’s going to be eight billion people on-chain over the next...

Heather Morgan and Ilya Lichtenstein were a couple back in New York last year that tried to launder as much as $4.5 billion in bitcoin stolen from a hack on the Bitfinex crypto exchange that occurred in the year 2016. They were arrested for their roles in the incident in 2022 and now appear all set to plead guilty in the case. Heather and Ilya Are not Going to Fight the Charges News of this first came to light when it was discovered that they were newly charged in...

What is the role of EOS in the blockchain and crypto arenas? EOS: Is It as Strong as It Claims to Be? Not long ago, a roundtable was hosted by anchor Rob Nelson, who oversaw a discussion between many key industry players. EOS has often been touted as an “Ethereum killer.” In other words, it’s hyped up to be just as good as Ethereum if not better in some ways, and there are many industry analysts out there who claim it – along with other competing networks like...

The accusations of vote-buying and manipulation have added complexity and uncertainty to the Genesis bankruptcy case. Bankrupt crypto lender Genesis Global Capital (GGC) is facing new charges from creditors that the proposed $175 million transaction with the insolvent FTX exchange is an attempt to manipulate the bankruptcy process through vote buying.  These allegations, made in recent files on Thursday, cast a shadow over GGC’s efforts to wind down its operations and restore funds to...

Pro Shares was the U.S.’s first official bitcoin-based exchange-traded fund (ETF), though it’s taken a lot of flak over the past two years given it’s centered on futures rather than spot trading. Pro Shares: Is It Everything It Claims to Be? In recent weeks, the company has also taken guff given analysts believe the trading of the derivatives available through the ETF will lead to tracking errors, but Pro Shares doesn’t think this is accurate. Known as the Pro...