Category : Bitcoin.com

Bitcoin.com

Judge Limits Bankman-Fried’s Trial Arguments; Allows Recreational Drug Use Questions

A federal judge has issued rulings limiting some arguments the defense can make at Sam Bankman-Fried’s criminal fraud trial next month. However, the judge will allow Bankman-Fried’s lawyers to question witnesses about past recreational dr...

Bernstein: Crypto Funds Poised for 13x Growth: From $50B to $650B in 5 Years

Bitcoin and crypto asset funds currently represent a niche market with an estimated worth of $50 billion, as highlighted by Bernstein Research. Yet, under the leadership of Gautam Chhugani, Bernstein’s team of analysts anticipates these funds m...

Moneygram Introduces Non-Custodial Crypto Wallet for Cross-Border Payments

Moneygram, a leading money transfer company, announced plans to launch its own non-custodial digital wallet in partnership with the Stellar Development Foundation. The wallet will enable users to convert between fiat and digital currencies when sendi...

Treasury Sanctions Ethereum Wallet Used by Sinaloa Cartel to Launder Fentanyl Financing

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned an Ethereum wallet used by the Sinaloa Cartel to launder money from fentanyl sales in the U.S. Mario Alberto Jimenez Castro, an accused money launderer for the ca...

Chase UK to Block Crypto Payments Amid Scam Concerns and Regulatory Changes

JPMorgan Chase & Co.’s U.K. division, Chase UK, is putting the brakes on cryptocurrency-related payments. Come October 16, any Chase UK customers attempting to make a bank transfer or card payment linked to crypto will find themselves thwar...

Biggest Movers: BCH 5% Higher, as BNB Nears Key Price Target

Bitcoin cash rose by as much as 5% on Tuesday, as bulls extended recent gains following last week’s consolidation. The token rose for a second consecutive session, moving closer to a resistance level of $225 in the process. BNB also climbed, p...

Ordinals Creator Casey Rodarmor Introduces ‘Runes,’ New Fungible Token Protocol for Bitcoin

Casey Rodarmor, creator of Bitcoin Ordinal inscriptions, introduced a new fungible token protocol named Runes in a blog post September 25, 2023. Although uncertain if it’s a “good idea,” Rodarmor believes a robust fungible token pro...

Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound Ahead of US Consumer Confidence Data

Bitcoin rebounded from a multi-week low on Tuesday, as markets awaited the latest consumer confidence report in the United States. The latest figures from the Conference Board are expected to show a slight decline, with a reading of 105.9 in Septembe...

Bitboy Ben Armstrong Arrested During Live Stream Over Stolen Lambo

Crypto influencer Ben ‘Bitboy’ Armstrong has been reportedly arrested while livestreaming his attempt to confront a former business partner. Excerpts from the Youtube video released on social media show him explaining to police the reasons for his de...

BBB Warns of Rising Crypto Scams on Tiktok — ‘They May Resort to Scare Tactics’

The U.S. Better Business Bureau (BBB) has issued a warning about a surge in “money-flipping” crypto investment scams on Tiktok. “They may ask for fees several times,” the BBB cautioned, adding that if you question them, “...

Hong Kong Securities Regulator Says It Now Publishes Names of Entities Seeking Crypto Trading Licences

The Hong Kong securities regulator has said it now publishes a list of firms seeking to operate crypto trading platforms in the region. Julia Leung Fung-yee, the CEO of the Securities and Futures Commission (SFC), said divulging the names of applican...

Marathon CEO Fred Thiel Warns About Fed Losing Its Weapons to Fight Inflation During Upcoming Period of Fiscal Dominance

Fred Thiel, CEO of Marathon Digital Holdings, a Nasdaq-listed Bitcoin mining company, has warned about the future of the U.S. economy and the consequences of the Federal Reserve’s current monetary policy. Thiel noted the possibility of an upcom...

Tether Denies Links With Alleged Spokeswoman Alex Welch; Blasts ‘Tabloid’ News Outlets

A controversy surrounding Alex Welch, an alleged spokeswoman of Tether, the company behind USDT, erupted last week as an article in the Wall Street Journal (WSJ) quoted her as a source for information on the company’s loans. However, Tether CT...

US Presidential Candidate Nikki Haley: China Preparing for War and Xi Jinping Intends to Win

U.S. presidential candidate Nikki Haley has warned that China is preparing for war and Chinese President Xi Jinping intends to win. “China is an existential threat. It has spent half a century plotting to defeat us,” she stressed, cautioning that Chi...

Former SEC Official Urges DOJ Action Against Crypto Industry — Says Crypto Grifters Need Threat of Prison Time

The U.S. Securities and Exchange Commission’s former head of internet enforcement has called on the U.S. Department of Justice (DOJ) to prosecute more crypto firms. “The stark reality is that the SEC is merely a civil enforcement agency. And un...

Former FTX Law Firm Denies Role in Collapse; Challenges Allegations as ‘Fatally Deficient’ in Court Motion

San Francisco-based law firm Fenwick & West LLP is denying allegations from FTX founder Sam Bankman-Fried that the firm provided legal advice enabling the alleged fraud that led to the cryptocurrency exchange’s collapse. In a recent court f...

Liquid Staking Platforms Zoom Past 12 Million ETH With an Addition of 370,000 Ether in 5 Days

In just five days, liquid staking platforms saw a surge of 370,000 ether in their ethereum holdings, breaching the 12 million ETH mark—rising from 11.94 million to a notable 12.31 million. Interestingly, Binance’s liquid staking token,...

Crude Oil on the Rise: JPMorgan Predicts a Surge to $150 per Barrel Amidst Global ‘Energy Supercycle’

Christyan Malek, the lead for EMEA energy equity research at JPMorgan, predicts that by 2026, crude oil prices could soar to $150 a barrel. Malek believes a looming energy supercycle could be the driving force pushing crude prices upward. Another sig...

Vitalik Buterin Shifts 400 Ether to Coinbase: Ethereum Co-Founder Moves $3.79M in 10 Days

Blockchain metrics indicate that an Ethereum-linked address tied to co-founder Vitalik Buterin transferred 400 ETH to Coinbase on September 24. Spotonchain’s data shows that over a ten-day stretch, Buterin’s address funneled a cumulativ...

Label Foundation Joins Hands with LG Electronics for ‘Tracks’ Music Streaming Service

PRESS RELEASE. The Label Foundation recently announced an agreement with global electronics giant, LG Electronics, to launch ‘Tracks’, an innovative Web3 music streaming platform, which will be soon available on the latest version of LG S...

Tron Founder Justin Sun Says HTX Exchange Hacked, Loses 5,000 ETH

According to several posts on the social media platform X written by Tron founder Justin Sun, the crypto exchange HTX (formally Huobi) was hacked for 5,000 ether. Despite the loss, Sun contends that user funds on the exchange are safe and the &#x...

Decade-Old ‘Sleeping Bitcoins’ Awaken: $8 Million Moved From 2012 Addresses

In 2023, there’s been a marked uptick in activity from so-called ‘sleeping bitcoins’ that date back to 2012. After eight transactions totaling 520 BTC from 2012 spent four days ago, an address from 2012 moved 149.99 BTC at block...

Will Shiba Budz (BUDZ) Dethrone Shiba Inu (SHIB) and Take off to the Moon

PRESS RELEASE. New cryptocurrency initiatives are continuously arising, each with its own distinct value proposition and room for expansion. Shiba Budz (BUDZ), one such effort, has recently gained attention. Shiba Budz (BUDZ), positioned as the utili...

Decentralized Exchange Mixin Kernel Confirms Hack on Its Platform Involving Approximately $200M

Mixin Kernel confirmed on Sept. 25 that it was the victim of a hacking attack which had resulted in the loss of assets on the mainnet. The decentralized exchange said it has since suspended deposit and withdrawal services and only expects to restore...

Latam Insights: Bitcoin Farm Found at Venezuelan Jail, Bill Protecting Crypto From Seizure Advances in Brazil

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: a Bitcoin mining farm is discovered during a raid on a Venezuelan jail, a bill that protects crypto from seiz...

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