Tag Archives: United States

The latest debacle of social media giant Twitter flagging tweets of the US President Donald J. Trump resulted in the draft of an executive order on Preventing Online Censorship. If anything, this highlights one of the core principles behind Bitcoin’s technology – censorship resistance.Twitter Flagging President Trump’s TweetsThe riots in Minnesota’s largest city, Minneapolis, escalated yesterday as entire buildings were set ablaze following the death of George Floyd – an African American who...

Blockchain-based company BitClave PTE Ltd. reached an agreement to settle all charges brought by the US Securities and Exchange Commission (SEC) and will pay back all of its 9,500 investors the $25.5 million raised in 2017.BitClave To Pay Back InvestorsThe SEC accused the “blockchain services company” that it conducted an unregistered initial coin offering (ICO) of digital asset securities in 2017. BitClave raised $25.5 million at the time by selling its Consumer Activity Tokens (CAT) to...

The American telecommunication company AT&T received a blow this week, as a US judge rejected a motion to dismiss a lawsuit against the firm. Last year, a California resident filed a complaint alleging AT&T of wittingly assisting hackers in a SIM Swap attack that robbed him of 1.8m worth of various cryptocurrencies.AT&T’s Motion RejectedSeth Shapiro filed a complaint last year against the large telecommunication company. It claimed that employees from AT&T had helped hackers...

Bitcoin’s halving finally took place at block 630,000 on May 11th, 2020. Like many cryptocurrency enthusiasts and market participants pointed out, the block countdown felt much as if it’s New Year’s Eve. However, it’s already behind our backs, and the price has managed to add another $1,000 to it since then.In the four short days since the halving, Bitcoin increased from $8,550 to where it currently trades at around $9,380. This marks an increase of about 11%. As a matter of fact, BTC tested...

If the Federal Reserve decides to implement negative interest rates as many have anticipated, it could prove to be a key pivot point in the story of Bitcoin.That’s according to a May 14 report by Stack Funds, which states that an era of negative rates could be Bitcoin’s time to shine.Negative Rates a Pivot PointThe report notes that the threat of negative rates, coupled with the injection of $3.5 trillion newly printed dollars into the economy will cause investors to turn away from...

Global retailer Overstock has filed for a dismissal of a lawsuit that alleges the company is misrepresenting a “digital dividend” token to its shareholders.Accused On Misleading Information To ShareholdersThe online retailer Overstock has been among the firms that adopted and advocated Bitcoin early on. Now the company is caught in a legal battle, accused of spreading misleading information in representing the essence of its new digital token to its shareholders.The so-called OSTKO security...

According to a recent report, the New York Digital Investment Group (NYDIG) has sold nearly $140 million in a little-known Bitcoin fund. Formally called NYDIG Bitcoin Yield Enhancement Fund LP, it’s described as a pooled investment fund that began selling just last week.Bitcoin Fund Selling $140MPer the report from Forbes, NYDIG, which previously received a BitLicense from the state of New York in 2018, disclosed selling nearly $140 million in the previously unknown fund in a Form D filing...

The American multinational investment bank, JPMorgan, has taken two popular cryptocurrency exchanges as banking customers. According to a recent report, the giant bank has approved Coinbase and Gemini in April, and transactions are starting to be processed now.Cryptocurrency Adoption From JPMorganPer a Wall Street Journal report from today, JPMorgan Chase & Co has started accepting clients from the cryptocurrency industry. The bank has approved the largest US-based exchange with over 30...

An 18-year old boy is accused of stealing $24 million in cryptocurrencies. An advisor in blockchain companies claims that the teenager along with his crew hacked his phone to conduct the theft.A Cybercrime RaidLast Thursday in New York, Michael Terpin, founder and chief executive officer of Transform Group (a San Juan, Puerto Rico-based blockchain company) sued now 18-years old Ellis Pinsky for a cyber heist. Per the accusations, Pinsky and his team of hackers targetted him in 2018 (when...

The popular American hedge fund manager, Paul Tudor Jones II, said that he is buying Bitcoin amid the growing trend amongst world central banks to print excessive amounts of money.He added that the hedge fund he founded in 1980, Tudor Investment Corporation (Tudor BVI), could start allocating portions of its assets in Bitcoin futures.Paul Tudor Jones Buys Bitcoin To Fight InflationJones is a prominent traditional investor who founded the Tudor BVI hedge fund 40 years ago. He is also a...