Check out this week’s Bad Crypto News. Bitcoin has had a rough week, down around 9 percent and trading below $6,700. Ross Ulbricht, the founder of Silk Road, believes we’re in a bear market that could even take the price under $3,200. Ulbricht is serving two life sentences for money laundering, computer hacking, and conspiracy to traffic narcotics. Mike Novogratz disagrees. The famed investor and CEO of Galaxy Digital Holdings Ltd., is seeing greater adoption of Bitcoin, including among hedge funds and high-net worth individuals. He’s shorting […]

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Data suggests that a portion of the American population may be spending their coronavirus stimulus check on cryptocurrency. A chart published by Brian Armstrong, CEO of United States crypto exchange, Coinbase, suggests that a small portion of the American population may be using their coronavirus stimulus checks to purchase cryptocurrency. A tweet, published by Armstrong on April 17, shows that the percentage of deposits and buys worth $1,200 — the exact value of the stimulus check — recently increased over four times. While the tweet does not […]

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The latest update of the AMD OpenCL GPU miner lolMiner1.0 alpha 1 brings support for mining Cuckaroo-30 used by Cortex (CTXC). For mining Cortex (CTXC) on Nvidia GPUs you might want to use the latest GMiner, though lolMiner 1.0 alpha 1 should also work using OpenCL on Nvdia-based video cards as well, but the performance may not be optimal as with a mining software relying on CUDA. Do note that the Cuckaroo-30 algorithm needs 7.6 GB of GPU memory, so video cards with less than 8 gigabytes […]

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Seasoned crypto traders explain their approach to the Bitcoin halving…and more! As May approaches and Bitcoin’s next halving draws near, hodlers, traders, and investors are all keen to know how this quadrennial event will affect the price of the world’s foremost cryptocurrency.  To delve further into the halving, we talked to traders Michaël van de Poppe and Scott Melker (aka The Wolf of All Streets) on our latest crypto markets show. The discussion also covered short term bullish and bearish scenarios for both Bitcoin and the stock […]

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Tron describes the collaborative interest it shared with hardware wallet, Ledger, in adding TRX to Ledger Live. Tron described its recent listing on Ledger wallet’s Ledger Live software as a move for both parties to continue the expansion of the crypto space.   “It was in our mutual interest, to further develop and promote the crypto ecosystem,” a Tron representative told Cointelegraph. “The rapid growth in the crypto and blockchain space is evident and the users demand more functions and creative solutions to advance the security, usability, and all-in-one […]

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The members of the Joint Chiefs of Global Tax Enforcement are updating their crypto laws to prevent financial crimes and money laundering. Cybercriminals are taking full advantage of the COVID-19 pandemic, which has forced life into a digital realm, by leveraging increased fear and uncertainty to steal money and launder it through the complex cryptocurrency ecosystem. Accordingly, the Joint Chiefs of Global Tax Enforcement, known as the J5, has ramped up its efforts by arresting cybercriminals suspected of laundering millions of dollars in cryptocurrency, according to a […]

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Bitcoin price remains range-bound as the upcoming halving is being overshadowed by the coronavirus pandemic and global economic fallout. The cryptocurrency and equity markets have seen a relatively stable week, as the volatility and volume drained away from both markets. Bitcoin (BTC) has been moving between $6,600 and $7,300 and hasn’t been showing direction. On the other hand, the volume is starting to drop significantly in the markets.  Such a stable movement and compression combined with low volume generally leads to a big move to occur with […]

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The seemingly highly lucrative Medallion Funds will be able to target CME Group’s cash-settled Bitcoin futures, according to a filing. A secretive yet reportedly highly lucrative hedge fund now has the green light to invest in Bitcoin (BTC) futures markets.  In a brochure originally dated March 30, the United States regulator the Securities and Exchange Commission (SEC) confirmed that Renaissance Technologies’ Medallion Funds now have access to the burgeoning Bitcoin futures scene. Medallion Funds gets BTC futures go-ahead According to the literature, Renaissance will offer access to […]

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