Monthly Archives: July 2021

SEC Charges 3 Individuals for Alleged Long Blockchain Insider Trading Scheme

The U.S. SEC charged three individuals that allegedly conducted insider trading related to the Long Blockchain company back in 2017. One of the individuals allegedly traded stocks ahead of the name change that gave the company a price boost. The other two individuals were tipped and took advantage of the data to trade accordingly, the U.S. regulator says. Long Blockchain, formerly Long Island Iced Tea, made big gains just from rebranding, taking advantage of blockchain’s growing popularity. SEC Sues Three on Long Blockchain Insider Trading The Securities […]

More info

Top 5 cryptocurrencies to watch this week: BTC, LUNA, ATOM, CAKE, FTT

If Bitcoin price remains range-bound, altcoins like LUNA, ATOM, CAKE and FTT could continue to move higher over the coming week. Bitcoin (BTC) price is still range-bound and traders are searching for signs that may provide insight about the next directional move. Philip Swift, the creator of analytics resource LookIntoBitcoin, pointed out on July 9 that the Puell Multiple rebounded “out of the green zone of this week” only for the fifth time in history. Swift said if the indicator continues to move up, Bitcoin’s price may […]

More info

Darknet Update: Hydra Reigns, Monero Acceptance Climbs, Russian State Collusion Questioned

At the end of 2020, darknet markets (DNM) set new records as marketplaces like White House and the Russian-language DNM Hydra led the pack. A report published on May 25, shows Hydra saw a 624% year-over-year growth rate in three years, and researchers estimate roughly 75% of illicit DNM transactions stem from the Russian marketplace. Moreover, the privacy coin monero is seeing a lot more vendor acceptance on DNMs these days. On June 29, monero captured 84% of vendor acceptance on three of the top marketplaces. The […]

More info

Creator of Video Downloading Websites Sentenced to Prison in US — Over $1 Million in Cryptocurrency Seized

The U.S. has sentenced a creator of video streaming and downloading websites to prison for 12 months and one day. The feds also seized $3.9 million from him, including more than $1 million in cryptocurrency. Man Sentenced to Jail for Copyright Infringement and Tax Evasion, His Cryptocurrency Seized The U.S. Department of Justice (DOJ) announced Friday that Talon White from Newport, Oregon, has been “sentenced to federal prison for creating illegal video streaming and downloading websites.” The DOJ further described that the 31-year-old built the websites to […]

More info

China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals

China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development priorities. Beijing Gives Away 269 Million Yuan in Digital Currency Chinese Authorities are rapidly moving forward with the pilot implementation of the digital yuan, the central bank digital currency (CBDC) issued by the People’s Bank of China. Since the announcement […]

More info

How To Restore Our “Value(s)”: An Open Letter To Dr. Mark Carney

This letter addresses the ideas proposed by Dr. Carney in his videos, as Bitcoin represents an answer to many of the problems discussed. Dear Dr. Carney, This is an open letter in response to your Reith lecture series on the BBC from December 2020, “How We Get What We Value.” This content now also appears largely represented in your book “Value(s): Building A Better World For All.” In short — in order to help solve the huge issues of our time — three of which you succinctly […]

More info

Crypto staking rewards and their unfair taxation in the US

The U.S. Internal Revenue Service appears to be blinded by its own enthusiasm on crypto taxation, instead creating an excessive financial burden. The United States Internal Revenue Service (IRS) stretches the tax rules to fit its cryptocurrency agenda. At no time in tax history has pure creation been a taxable event. Yet, the IRS seeks to tax new tokens as income at the time they are created. This is an infringement on traditional tax principles and problematic for several reasons. In 2014, the IRS stated in an […]

More info

Strong Bitcoin accumulation spotted as BTC price refuses to fall below $30K

Glassnode data reveals that investors with a long-term risk outlook have started accumulating Bitcoin during its recent downtrend. Bitcoin (BTC)  price remained relatively flat over the weekend, inching closer to $34,000 on July 11. Nevertheless, BTC/USD has tumbled by almost 50% from its all-time high, near $65,000 in mid-April. But the massive downside move has not deterred investors from betting on the digital asset’s long-term bullish outlook. According to one of the Glassnode metrics, dubbed as Liveliness, the Bitcoin market has been noticing a shift in long-term […]

More info

The Bogdanoff Twins Claim They Participated in Helping Satoshi Nakamoto Build Bitcoin

Following the infamous meme that shows one of the Bogdanoff twins on the phone telling whales to initiate a crypto-market dump, the Bogdanoff brothers now claim they took part in inventing the leading cryptocurrency bitcoin with Satoshi Nakamoto. During an interview hosted on L’Heure des Pros, the Bogdanoff twins said as mathematicians the two were able to “participate in the elaboration of some of the source code.” Igor and Grichka Bogdanoff Claim to Have Helped Satoshi Elaborate on Bitcoin’s ‘Predictive Code’ There’s been a long-running joke that […]

More info

Ethereum’s 2.0 upgrades aren’t the game-changer that could bring more users

Ethereum might be the darling of the blockchain world, but it’s likely that the awaited Eth2 will not attract wider mainstream adoption. Ethereum 2.0 (Eth2) is being pegged as the blockchain Messiah of Ethereum. Newsflash: it’s not. The long-awaited changes are not expected to solve core issues that are plaguing the network and forestalling wider adoption. Vitalik Buterin, the brilliant mastermind behind the Ethereum blockchain, considers the personnel working with Ethereum as a bigger problem than the actual software, as he stated in a recent interview with […]

More info
1 2 3