Tag Archives: News

The U.S. Securities and Exchange Commission (SEC) has charged 11 individuals for their roles in an alleged crypto Ponzi scheme that may have taken as much as $300 million from investors. A Crypto Ponzi Scheme Has Been Shut Down The Ponzi scheme – which operated under the name Forsage – had been in operation for more than two years at the time the charges were filed. The founders – along with several individuals that had been hired as promoters – were then thoroughly...

There was a time when a store accepting crypto payments was not the norm. In fact, it was downright wacky. There were many companies that were concerned about accepting digital assets as forms of payment due to their volatility, but according to a new survey conducted by financial giant Deloitte, as many as 75 percent of America’s retailers are planning to accept digital currency payments within the next two years. Crypto Payments Are Becoming More Popular Moves like...

Two men hailing from Orange County have been sentenced to prison terms for their roles in a crypto scam that may have cheated investors out of nearly $2 million. Sentencing was passed to Jeremy David McAlpine (26 years old) of Fountain Valley, California, and Zachary Michael Matar (29 years of old) of Huntington Beach, California on Monday, August 1. Jeremy McAlpine and Zachary Matar Sentenced to Prison The former was sentenced to three years, while the latter will spend...

Stellar lumen price started a fresh decline from the $0.115 resistance zone against the US Dollar. XLM price is now trading below $0.1050 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.1070 on the 4-hours chart (data feed via Kraken). The pair could continue to move down if it breaks the $0.100 and $0.0980 support levels. Stellar lumen price is trading below $0.1050 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.3700 resistance against the US dollar. The price is now trading below $0.340 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could continue to move down if it breaks the $0.320 and $0.318 support levels. Ripple price is declining below $0.350 against the US Dollar, similar to...

Not long ago, Harmony – a crypto exchange based in northern California – was the victim of a cyberattack that ultimately resulted in more than $100 million in digital currency funds being stolen. Harmony Is Looking to Give People Their Money Back The company has taken several measures to get its money back and make the situation better for its clients. Among the proposals it has made is this latest one in which executives want to issue nearly five billion new crypto...

The Roman Catholic Archdiocese of Washington, D.C. has selected Engiven as the platform through which his church will accept its next round of donations. The big clincher? Engiven is a cryptocurrency-based non-profit donation enterprise, meaning all money going to charities or other companies through Engiven is doled out in digital currency. Engiven Will Help with Your Church’s Crypto Donations The Archdiocese has announced that the company’s services will be utilized to...

Jeff Garzik, one of the biggest crypto pioneers out there, is starting a new company he’s calling Next Cypher Productions or NxC. He says the firm will be a new independent entertainment company that will focus purely on web3, crypto, non-fungible tokens (NFTs), and blockchain applications for the sake of creating fantasy and science fiction material. Jeff Garzik Is Fusing Entertainment with Crypto In an interview, Garzik commented: NxC is more than just a mere...

The International Monetary Fund (IMF) is concerned about the crypto space after the collapse of both Luna and Terra USD. The IMF Is Worried About Ongoing Crypto Use The latter was an algorithmic stable currency that lost its peg a few months ago. This resulted in not only the coin and its sister asset Luna collapsing completely, but investors ultimately losing billions of dollars overnight. The IMF said in a recent interview that this likely won’t be the only time...

Coinbase – one of the world’s largest and most powerful digital currency exchanges – is not happy with the Securities and Exchange Commission (SEC), claiming the agency has not implemented efficient crypto regulations. The company has now filed a petition criticizing the organization and calling for fair regulation within America’s legal spectrum. Coinbase Isn’t too Happy with the SEC Faryar Shirzad – chief policy officer at Coinbase – explained in a recent statement...