US Legislation Against Venezuela’s Petro Could Have Dire Consequences for Crypto

US Legislation Against Venezuela’s Petro Could Have Dire Consequences for Crypto

Senate bill 1025, which aims to completely ban the use of Venezuela’s cryptocurrency Petro, can have disruptive consequences for the sustainability of cryptocurrencies in the U.S. digital markets. Last year, Donald Trump signed an executive decree that prohibited U.S. citizens from owning and trading in Petro, the Venezuelan government cryptocurrency backed by the state’s oil reserves. Now, US legislators want to turn this executive order into legislation. The White House has condemned Petro and portrayed…

Read More

US Treasury Official: Crypto Could Be the Next Big Thing for Terrorists

US Treasury Official: Crypto Could Be the Next Big Thing for Terrorists

While delivering a speech to the Annual International Conference on Counterterrorism, a U.S. Treasury official reaffirmed the U.S. government stand on crypto. The Under Secretary of the Treasury for Terrorism and Financial Intelligence Sigal Mandelker stated that this new class of digital assets could be the next frontier in funding terrorist groups. Mandelker argued: “While most terrorist groups still primarily rely on the traditional financial system and cash to transfer funds, without the appropriate strong…

Read More

First Ever Crypto ATM Lands in Venezuela after Prior Failed Attempts

First Ever Crypto ATM Lands in Venezuela after Prior Failed Attempts

Venezuela has finally obtained its very first Bitcoin ATM. According to data presented on Coin ATM Radar, the Latin American firm PandaBTM has installed a crypto ATM in San Antonio del Táchira on September 10. Coin ATM Radar allows users to find the nearest Bitcoin ATM online. Venezuela has been going through some serious economic crisis after the U.S.-imposed strict trade sanctions. To get a hold of the falling economy and get it back on…

Read More

Cuba’s Citizens Use Crypto to Evade US Sanctions and Trade Restrictions

Cuba’s Citizens Use Crypto to Evade US Sanctions and Trade Restrictions

With the United States cutting the communist-run nation of Cuba out of the global financial community, international trade has been one hell of a fight – and in this fight, crypto obtains greater and greater role. Cubans can no longer use credit or debit cards like others do. They have turned to their family outside of the country to help them purchase things they need in stores abroad. Well, not a lasting solution for the…

Read More

Brokerage Firm Tagomi Enables Quick Short Positions of Bitcoin and Ethereum

Brokerage Firm Tagomi Enables Quick Short Positions of Bitcoin and Ethereum

The New York-based cryptocurrency brokerage and trading platform Tagomi has solved one of the biggest challenges associated with trading cryptocurrencies: how to short Bitcoin(BTC)trade and Ethereum (ETH)trade with ease. As reported by Bloomberg Quint, the firm is aiming to make cryptocurrency shorting easy and address the key issues faced by crypto traders. Tagomi was founded by former employees of Goldman Sachs and Union Square Ventures, a digital assets brokerage firm provides institutional-grade digital asset trading…

Read More

Grammy Award Winner Akon Praises Bitcoin, Bashes the Dollar

Grammy Award Winner Akon Praises Bitcoin, Bashes the Dollar

The American-Senegalese R&B singer, songwriter, and producer, Akon seems to be bullish on Bitcoin(BTC)trade. The Grammy award winner endorsed Bitcoin and prioritized it over fiat currencies such as the U.S. dollar during a radio interview. Favoring the concept of decentralization and cryptocurrency, Akon further said that fiat currency is the biggest business operated by government and cryptocurrencies are the preferable solution for problems related to the current financial system. Since the birth of Bitcoin and…

Read More

Norwegian Bitcoin Millionaire Leaps from Balcony During Armed Robbery

Norwegian Bitcoin Millionaire Leaps from Balcony During Armed Robbery

The Norwegian news outlet TV2 reported on Tuesday that a local Bitcoin millionaire escaped being robbed of his crypto funds by fleeing through a second-story balcony. The unnamed Bitcoin big shot currently controls a crypto firm and his net worth is presumably up to NOK 100 million, estimated at 9 million pounds (or just a little over $11 million). According to the report, the victim publicly claimed to have amassed a fortune from cryptocurrency. Local…

Read More

Security Intelligence Firm Uncovers Malware in Bitcoin Blockchain Network

Security Intelligence Firm Uncovers Malware in Bitcoin Blockchain Network

Warnings were issued by the security intelligence firm Trend Micro about a recently exposed backdoor Trojan malware, Glupteba, which was discovered in the Bitcoin blockchain system. Apparently, it is capable of generating command-and-control domains through tracked Bitcoin(BTC)trade transactions. A notorious sub-culture has also grown with the advancement of technology in the modern era, working tirelessly to compromise databases to extract critical information, including access to asset accounts. Cryptocurrencies work with a decentralized network and rely…

Read More

Investment Titan Charles Schwab Steps Away from Cryptocurrency

Investment Titan Charles Schwab Steps Away from Cryptocurrency

Despite an exceptional performance by cryptocurrencies, especially Bitcoin(BTC)trade which has beaten essentially all other forms of assets to excel as a lucrative investment, some investors and analysts are still shying away from the crypto business. According to Walt Bettinger, the CEO of Charles Schwab – one of the most prestigious and largest investment brokerage firms worldwide – the company is not interested in investing in the digital currencies. He went ahead to say that cryptocurrencies…

Read More

$1 Billion in Bitcoin Moved Mysteriously to One Unidentified Crypto Wallet

$1 Billion in Bitcoin Moved Mysteriously to One Unidentified Crypto Wallet

A collection of large-scale Bitcoin owners – also known as whales – transferred 94,504 Bitcoins (nearly $1 billion!), almost 0.5 percent of the entire total digital coins in Bitcoin’s circulation, mysteriously from an unknown wallet to another unknown wallet. Again, the market value of the moved Bitcoin haul stands at almost $1 billion. According to the digital transaction time stamp of the blockchain network, the transaction of huge amount of Bitcoin(BTC)trade crypto funds took place…

Read More
1 2 3 41