Tag Archives: United States

Money attracts money, and Barry Silbert, CEO of Digital Currency Group, knows it. His company has already established itself as one of the most influential corporations in the entire crypto ecosystem. Today, it announced a new venture that will expand its reach into a whole new frontier: the crypto mining industry.In a recently issued press release, DGC announced the creation of a new subsidiary focused on cryptocurrency mining. Foundry, a company quietly founded last year, has received $100...

In a statement released an hour ago, the Chairman of the US Federal Reserve, Jerome Powell, revealed a serious policy shift aimed at average inflation targeting.As a result, the prices for gold, silver, and Bitcoin pumped collectively immediately after the announcement. However, all three assets have also decreased in a similar manner minutes after that.US Federal Reserve Taps the Standard 2% Inflation TargetIn his latest statement, the Chairman of the Federal Reserve of the United States,...

Police have reportedly arrested a Russian man for an attempt to recruit an employee in Nevada to plant malware on a Company’s network. In return, he promised him up to $1 million in cash and Bitcoin.The Offstage Attacker Was Reportedly Part Of A Larger OrganisationAs per the published court documents, Egor Igorevich Kriuchkov has allegedly offered a Nevada company’s employee the sum of $1 million, portioned in cash and Bitcoin. The plot was simple – the employee had to install malware onto a...

The Libra Association, the entity behind Facebook’s future Libra cryptocurrency, has appointed its second general counsel in three months. Previously acting as the general counsel at the Homeland Security Department, Stevan Bunnell has replaced Robert Werner as the new Chief Legal Officer.Libra Appoints A New CLOAccording to the Bloomberg Law report, Robert Werner, hired by Libra to serve as its first-ever general counsel in May, confirmed the news that Bunnell has taken over his job. Werner...

Fidelity Investments, an asset management company with about $2.7 trillion of assets under management, will reportedly launch its first Bitcoin-only fund.The product is oriented toward family offices, registered investment advisers, as well as other institutions and will require a minimum investment of $100,000.Fidelity Puts Its Name to a Bitcoin FundFidelity Investments is the world’s 5th largest asset management company with $2.7 trillion worth of assets under management according to...

House democrats Josh Gottheimer and Emanuel Cleaver have reportedly asked the Trump administration to provide further details on the recent seizure of Bitcoin and other cryptocurrency assets from three terrorist organizations, namely al-Qaeda, Hamas, and ISIS.Further Information Asked For A BTC SeizureCryptoPotato recently reported that the US Department of Justice had seized over 300 virtual accounts containing an undisclosed amount of cryptocurrencies belonging to al-Qaeda, Hamas, and...

One of the well-known crypto investors, Brock Pierce, announced his candidature for office as an independent contestant. Now, Pierce has also revealed that Akon, the award-winning rapper, who’s also known for his interest in cryptocurrencies, will be his leading strategist.The two notably relate well as Brock Pierce continues to express the respect he has for Akon and his dedication towards music and investments.We are excited for @Akon to join our campaign as Chief...

This week has been quite the ride on the cryptocurrency markets, and, of course, Bitcoin was in the spotlight, at least for a while.The price started at around $11,700 and stayed there for a few days until Monday when we saw a significant move forward as BTC reached about $12,500. The cryptocurrency community was ecstatic that the coveted $12,000 mark was broken, but unfortunately, the euphoria was shortlived.Just a day later, Bitcoin started dropping and come Wednesday, the price was already...

The US Department of Justice has alleged that Joseph Sullivan, the former Chief Security Officer of Uber, has covered up a 2016 hack on the company that compromised data of millions of users and drivers. According to the DOJ, Sullivan paid the hackers $100,000 in Bitcoin.Uber Former CSO Covers Up A Hack?The announcement from the DOJ informed about a recently filed complaint against Sullivan, who served as Uber’s CSO from April 2015 to November 2017. It charged him with “obstruction of justice...

The DeFi space continues to surge in popularity as the total value locked in protocols quickly approaches $7 billion. One of the protocols leading this increase is Aave.But it’s definitely not the only thing that’s capturing the market’s attention. Elsewhere, in the field of traditional finance, the price for Tesla stocks is up more than 360% since the beginning of the year.With this, the CEO at Aave, Stani Kulechov, has made an interesting suggestion to the chief at Tesla, Elon Musk.Tokenize...