Tag Archives: News

Bitcoin has support from one of Wall Street’s biggest players. Recently, financial giant Goldman Sachs issued a new report claiming that BTC is one of the best performing assets of the year thus far, and it has big hopes and plans for the world’s number one digital currency by market cap. Goldman Sachs Is Enthusiastic About BTC Bitcoin experienced its most bearish year in 2022. The asset fell by more than 70 percent from its all-time high of $68,000 per unit (which it...

After everything that’s happened over the past several months, it looks like Tesla and its CEO Elon Musk have retained some of their bitcoin holdings. Tesla and Musk: Still Silent BTC Fans? The past year has been rather hellish for bitcoin, and while the world’s number one digital currency has managed to endure a few price bumps here and there during the early weeks of 2023, it’s going to be a while before the pain and suffering experienced in 2022 comes to a full halt....

According to Sam Bankman-Fried, the disgraced head executive of the now defunct crypto exchange FTX, he only had about $100,000 to his name after his business fell into bankruptcy and he was arrested on alleged fraud charges. However, it appears federal prosecutors have seized as much as $700 million, all of which is believed to have been in accounts owned either by SBF himself or by the exchange. Sam Bankman-Fried Says He Only Had $100K In yet another string of lies,...

The Dutch Central Bank has thrown a $3.6 million penalty fee at Coinbase for allegedly failing to meet the region’s registration requirements prior to offering digital currency services in the Netherlands. Coinbase Hit with Huge Penalty Fee The bank says Coinbase has been operating on an unregistered basis since November of 2020. While the appropriate registration protocols were finally adhered to in September of 2022, the company went through a two-year period where it...

Two women in Grand Traverse County in Michigan were scammed out of more than $50K in crypto funds after falling victim to a digital currency fraud scheme. The news came by way of a statement given by Sheriff Lt. Brandon Brinks. Lt. Brinks on Crypto Scams In the statement, Brinks said crypto scams are always difficult to narrow down and track given that they’re always changing, and fraudsters are always altering their methods of obtaining digital asset funds. He said:...

North Korea has long done anything and everything it could to get its hands on crypto. There’s no doubt about that. At this stage, it’s obvious the nation is trying to garner digital assets so it can fund its ongoing nuclear program. However, until now, we’ve always been afraid of Lazarus, as this is the main state-funded hacking organization trying to garner illicit crypto through stealing, cyberattacks, and thievery. North Korea Has a New Group Stealing Crypto It now...

Securities and Exchange Commission (SEC) Commissioner Hester M. Peirce – who’s often dubbed the “crypto mom” thanks to her open-minded nature towards bitcoin and crypto – is calling for strict regulation of the space and says this will provide more clarity for traders and help to keep investors shielded from bad actors. Hester Peirce Says It’s Time to Regulate Crypto In an interview, Peirce said: If we continued with our regulation-by-enforcement approach at our current...

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The FTX exchange, according to past testimony provided by its now disgraced founder and chief executive Sam Bankman-Fried, was initially designed as a way to merge both the crypto space and the traditional financial space together. FTX Started with Good Intentions In May of 2022, before the U.S. House Committee on Agriculture, SBF said the following: [FTX] was established to build a digital asset trading platform and exchange with a better user experience, customer...