Tag Archives: United States

Shortly after reports emerged that bitcoin bull Chamath Palihapitiya will be running for Governor of the state of California, the Social Capital CEO refuted the claims. However, he doubled-down on his criticism against the current Governor Gavin Newsom in a recent podcast appearance.Palihapitiya Will Not Run For Cali GovCryptoPotato reported last week that Chamath Palihapitiya, the founder, and CEO of the venture capital company Social Capital, had decided to run for California Governor. He...

An Australian man, founder of two multi-million crypto funds in New York, pleaded guilty on a crypto scam charge. The Ponzi scheme used a trading algorithm, taking advantage of price differences for Bitcoin and other cryptocurrencies.Draining almost $90M From InvestorsAccording to a recent report, Stefan He Qin organized the fraud that stole about $90 million from clients through his hedge funds – Virgil Sigma Fund LP (“Virgil Sigma”) and the VQR Multistrategy Fund LP (“VQR”). The two...

A 49-year old U.S. individual has pleaded guilty to a scheme, defrauding hundreds of investors with millions of dollars via a scheme involving bitcoin and cash. In two and a half years, he managed to fraudulently exchange at least $13 million.Illegally Exchanging Tens of Millions of DollarsA 49-year-old man from L.A. pleaded guilty to recent allegations of masterminding and operating Bitcoin-fiat exchange and money laundering. According to an official statement by the U.S. Immigration and...

In yet another push forward in terms of the overall advent of the cryptocurrency space, LL Cool J is now investing in cryptocurrencies alongside billionaire Paul Tudor Jones.The report comes from Yahoo Finance, revealing that the legendary investor Paul Tudor Jones, as well as James Todd Smith, better known for his stage name, LL Cool J, have taken part in a new venture capital cryptocurrency fund.Other important individuals include the former CEO of PepsiCo Indra Nooyi, the billionaire...

Cynthia Lummis is the first woman to represent the state of Wyoming in the US Senate. She’s a member of the Republican Party and was sworn into the United States Senate on January 3rd, 2021.She’s become a well-known commentator on Bitcoin and other cryptocurrencies and has said that she is working towards educating other Senate members and officials on their merits. Now, she’s also on the Senate Banking Committee.Cynthia Lummis. Source: C-SpanSenator Lummis on the Senate Banking...

Miami’s Mayor Francis Xavier Suarez is ready to put his city in the spotlight of technology lovers and entrepreneurs and Bitcoin could be his new venture.Suarez recently told the press that as he sees it, Bitcoin could become the “biggest story of the next few years.” and according to a Forbes review, the use of Bitcoin as a means of payment for public employee salaries could be one of the steps to be taken on Suarez’s path to turning Miami into the next Silicon Valley.The Road to a...

The first consequence following the GameStop fiasco could be right behind the corner for one of the key players involved – Robinhood. The company has reportedly paused its IPO plans, while Robinhood’s Co-Founder, Vlad Tenev, will likely appear in front of the US Congress to testify on his firm’s controversial actions.Robinhood’s Tenev To Testify In Front Of Congress?The US-based financial services company Robinhood made the news in a rather unpleasant for the company’s way, following last...

The Wall Street Bets saga is undoubtedly the most interesting thing that happened to the global financial markets in the past few months. A group of Redditors managed to cause mayhem on Wall Street, but is the game over?Wall Street Bets – a Short Story?January was an exciting month. A group called Wall Street Bets propelled a movement that evolved into a protest against Wall Street in the face of large hedge funds. Millions of people weighed in to exploit the fact that some funds had been...

The largest US-based cryptocurrency exchange Coinbase plans to go for a Direct Public Listing (DPO) of its Class A common stock. The firm expects the Form S-1 filed with the US Securities and Exchange Commission to become effective after the Commission completes its review.Coinbase Aims For Direct Public ListingCryptoPotato reported in December that the San Francisco, California-based had submitted a draft registration with the SEC to go public with an initial public offering (IPO). Early...

Bitcoin has to prove itself in order to become a reliable store of value. BlackRock CEO and founder Larry Fink said that the crypto asset might see a bright future, but firstly it has to endure and prove itself.Bitcoin is Still UntestedDuring a recent interview, BlackRock founder and CEO Larry Fink expressed his current opinion and predictions towards the world’s leading cryptocurrency in terms of market cap. Asked to share some thoughts on BTC, Fink said that the digital asset might see a...