Tag Archives: United States

The third co-founder of the alleged cryptocurrency scam project Centra Tech, backed by celebrities such as Floyd Mayweather and DJ Khaled, is reportedly planning to plead guilty to duping investors into committing more than $25 million in its initial coin offering (ICO).The Third Centra Tech Inc’s Co-Founder Pleads GuiltyAccording to the report from Bloomberg, Sohrab “Sam” Sharma, one of Centra Tech’s co-founders, has agreed to change his plea before his scheduled trial date in November 2020....

One out of four men, alleged in a $722 million Ponzi scheme, has pleaded guilty on his charges before а U.S. District Judge. The Romanian programmer Silviu Catalin Balaci, 35, faces a penalty of prison and a fine for a long-running cryptomining fraud with partners.Defrauding Investors Of More Than $722MBalaci was arrested earlier in Germany in December 2019. The charges against him allege that he participated in a well-maintained conspiracy to commit wire fraud and a conspiracy to offer and...

It’s safe to say that July has been relatively dull for Bitcoin when it comes to price action. The major cryptocurrency spent the last week trading in a range between $9,100 and $9,400 without any major fluctuations.It’s also worth noting that legacy markets and Bitcoin’s price remain aggressively correlated. In fact, a lot of analysts on Twitter are now saying that currently, the futures on stock markets are a valuable indicator of where Bitcoin will head next.The most recent example came...

The US Commodity Futures Trading Commission (CFTC) published a new set of regulations for derivatives assets, including cryptocurrencies. The agency is developing comprehensive rules for digital assets to promote innovation in the field.CFTC’s New Legislation For CryptocurrenciesThe CFTC is the US’s derivatives regulator. According to the chairman, Heath P. Tarbert, derivatives, including futures, swaps, and options, “provide critical risk management and price discovery tools that can promote...

US privacy advocates are worried that the 4th amendment does not protect Bitcoin transactions after a court ruled that the FBI agents hadn’t violated the law when they accessed data of Coinbase clients.Bitcoin Transactions Reveal Deeply Personal InformationA week ago, CryptoPotato reported that a three-judge panel of the Court of Appeals for the Fifth Circuit ruled against the appeal of Richard Gratkowski. He claimed his fourth amendment rights were violated when the federal agents subpoenaed...

The leading US-based cryptocurrency exchange and one of the biggest companies in the industry, Coinbase, reportedly prepares for an official stock market listing.Coinbase Prepares for Stock Market ListingAccording to a report filed by Reuters minutes ago, the leading US-based cryptocurrency exchange, Coinbase, has started making preparations for a stock market listing.Should the procedure be a success, Coinbase will become the very first major US cryptocurrency exchange to go public and it...

Another popular figure in the cryptocurrency field has decided to take his chances with the 2020 US Presidential Elections. According to a press release, Pierce will be running as an Independent candidate for the elections that are to take place on November 3rd this year. Brock Pierce’s Presidential Race In a somewhat interesting turn of events, the co-founder of EOS Alliance and a well-known figure in the cryptocurrency field, Brock Pierce, announced that he will be running for President of...

Blockchain utilization is continuously rising in various countries across the world, a recent report revealed. It outlined that US-based companies have been awarded the most substantial number of patents for blockchain endeavors, but the Chinese multinational giant Alibaba is the single entity to receive the most.Blockchain Patents Across The MapThe report from the China Patent Protection Association (CPPA) examined data from 2014 to the middle of 2020 regarding the number of blockchain...

A Fifth Circuit panel of three judges ruled against Richard Gratkowski’s appeal that Fourth Amendment rights should protect Bitcoin data. The panel ruled that the FBI agents who subpoenaed cryptocurrency exchange Coinbase to track Gratkowski’s payments to a child pornography website acted according to the law.4th Amendment Doesn’t Hinder US Law Enforcement to Track Bitcoin TransactionsOn Tuesday, a US court compared Coinbase to a traditional bank, citing the US Supreme Court’s decision in the...

Lawyers operating in the US capital Washington DC can accept cryptocurrencies as a legal payment method, said the District of Columbia Bar Association (DCB).Consequently, DC has become the fourth US jurisdiction to allow digital assets to be used for attorney payments.Washington DC Lawyers To Accept CryptoAccording to the ethics opinion published by the (DCB), attorneys in the US capital can start accepting cryptocurrencies, “as long as the fee agreement is fair and reasonable and the lawyers...