Tag Archives: social

The US Department of Justice announced that the founder of the Oyster Pearl cryptocurrency project, Amir Bruno Elmaani, has been charged with operating a tax evasion scheme for millions of dollars and was arrested. The 28-year old Elmaani is charged with two counts of tax evasion, each carrying up to five years in prison.Oyster Pearl Founder Charged And ArrestedThe protocol, launched several years ago, was advertised as a digital data-storage platform employing the IOTA blockchain to store...

Massive amounts of Ripple’s XRP have been transferred to various exchanges, including $400 million sent to Bithumb in three separate transactions. One possible explanation for this could be the fact that there’s the SPARK (FLR) airdrop coming in two days, causing investors to capitalize on the opportunity and receive 1:1 FLR tokens on their XRP holdings. XRP Sent Around in Massive Chunks Over the Past 24 HoursData from the well-known whale-tracking transaction resource Whale Alert shows a...

XRP holders are eligible for the upcoming SPARK token airdrop. The community is getting excited about the event as the date draws near. Only users who hold XRP are eligible for the airdrop, and they will receive FLR based on XRP they have. Below is everything you need to know about it and the exchanges that have announced support for it.What Is An Airdrop? An airdrop means distributing a cryptocurrency or token as rewards or gifts to users or wallet addresses. Crypto projects use airdrops as...

Bitcoin has proved itself to be a supreme store-of-value in this pandemic-ridden world. But can the world’s first cryptocurrency flip the US Dollar to become the ‘global reserve currency’?The US Dollar Has Been The Global Reserve Currency For 100 Years NowRuchir Sharma, Morgan Stanley Investment Management’s chief global strategist, went candid in his latest opinion piece on Financial Times. He talked about the ‘reserve currency’ history starting right from the 1400s.And delineated how in the...

The major UK financial institution Standard Chartered has partnered with Northern Trust on the launch of their mutual cryptocurrency-related project Zodia.Launching a Cryptocurrency Custody Business for Institutional InvestorsAccording to an official press release, the innovation and ventures unit of Standard Chartered, SC Ventures, has formed a partnership with Northern Trust – a Chicago-based financial services company and one of the oldest and largest banking institutions in the United...

Hedge fund manager and founder of Bridgewater Associates, Ray Dalio, seems to have softened his position on bitcoin. He went from dismissing BTC as a currency and store of value through a “what am I missing stage,” and most recently admitted that the cryptocurrency could be an alternative to gold.Ray Dalio’s Bitcoin TransformationThe prominent investor and philanthropist has never displayed favoritism regarding bitcoin. Just the opposite, he has questioned BTC’s role as a store of value or as...

Bitcoin was dabbling with the $19,000 level for several days but, after another unsuccessful attempt to break above it, headed south and plummeted by $1,000 in 24 hours. Recent data indicated a significant uptick of BTC transferred from cold wallets to exchanges, implying that the price drop could have been somewhat expected.$278M Of BTC Moved To Exchanges Prior The DropAfter a predominantly calm weekend in which BTC displayed an untypical absence of high fluctuations, the cryptocurrency...

According to an official press release from today, U.S.-based financial services company Square has launched a new initiative for the firm to become net-zero carbon for operations by 2030.Square Invests $10 MillionAs a part of the plan, the Jack Dorsey-led company will allocate $10 million to its Bitcoin Clean Energy Investment Initiative, which intends to fund companies that drive adoption and research into the use of green energy for Bitcoin mining operations.Bitcoin is often criticized for...

Despite briefly dipping beneath $19,000 after another rejection, bitcoin has reclaimed that coveted level and currently trades above it. Most alternative coins have lost some steam since yesterday and have charted minor losses.Bitcoin Stopped At $19,400The primary cryptocurrency had a mostly calm weekend following the highly volatile week. Bitcoin displayed stagnation around the $19,000 mark with a few unsuccessful attempts to break above $19,400.In the past 24 hours, BTC tried to break above...

The giant social media continues to stir controversy even when it’s trying desperately to avoid it. Just a week after Facebook renamed Libra to Diem (meaning “day” in Latin), the company could be facing a lawsuit from a London-based fintech app with the same name.CryptoPotato reported last week that Facebook changed the name of its future cryptocurrency in another attempt to escape from all the regulatory hurdles in its way. However, it seems that the Association behind the project has chosen...