The founder of Doge dropped a three-tiered series of NFTs and Paris Hilton becomes an NFT advisor. Billy Markus, the co-founder and engineer of Dogecoin (DOGE), who also sold off his DOGE stash for the equivalent of a used Honda Civic in 2015, has entered the nonfungible token (NFT) market. On June 9, Markus unveiled …
Yearly archives: 2021
Bitcoin hits $37.5K amid warning Thursday will see next BTC price correction
The good times will be temporarily over once again on Thursday, one trader predicts, despite this week’s 20% gains. Bitcoin (BTC) neared $38,000 in a strong comeback on June 10, but forecasts are mounting over an imminent retracement. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Price drop on the menu for Thursday Data from Cointelegraph …
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New analysis sheds light on DOJ Bitcoin seizure, as JBS pays massive $11M ransom
The FBI may have access to a lot more BTC in hacking group’s addresses. JBS USA Holdings Inc. has paid an $11 million ransom in Bitcoin to cybercriminals as new details emerge over the FBI’s recovery of assets from a previous heist. The payment, estimated to be more than 300 BTC at current prices, was …
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Pomp sparks debate: Has Bitcoin DeFi project Sovryn really overtaken Uniswap v3 by TVL?
Analysts are arguing whether the RSK-based Bitcoin money market, Sovryn, has a TVL of $52 million … or $2 billion. Sovryn, a BTC money market protocol built on Bitcoin-based smart contract platform RSK, recently appeared to be shooting up through the decentralized finance rankings. On June 9, Bitcoin commentator, Anthony Pompliano, shared data to his …
Bitcoin miner Luxor eyes North American expansion with $5M funding round
Luxor and NYDIG have teamed up to foster growth for the North American crypto mining industry. Seattle-based mining software company Luxor has closed a Series A funding round led by institutional Bitcoin technology and financial services firm NYDIG. Luxor announced the $5 million funding round on June 9, adding that NYDIG will collaborate with Luxor …
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Alleged $3.6B crypto Ponzi’s ‘victims’ still believe the exchange is legit
Some of those caught up in an alleged $3.6 billion crypto Ponzi scheme are refusing to aid police investigations as they still expect to triple their investments. Victims of an alleged $3.6 billion crypto Ponzi scheme in South Korea are reportedly hampering the progress of a police investigation and a joint lawsuit — as they …
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DOGE vs BTC: Elon Musk declares crypto ‘space race’ with BitMEX has begun
Can BitMEX and Bitcoin beat Elon Musk and Dogecoin to launch the first crypto asset into lunar orbit? A 21st-century space race appears to be brewing between Elon Musk and BitMEX, with both parties pledging to launch their respective crypto of choice to the literal moon first. On June 4, the popular crypto derivatives exchange …
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South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme
New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator …
Denmark to Revise Tax Law to Target Cryptocurrencies
The Danish tax ministry is reportedly mulling over revising the country’s tax law to deal with the challenges posed by cryptocurrencies. Denmark’s tax authority is concerned about the rising risk of fraud and widespread filing errors involving cryptocurrencies. Denmark to Revamp Tax Law to Deal With Cryptocurrency Denmark is considering revamping its tax code in …
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Warren Buffett’s Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank
Berkshire Hathaway, the company led by CEO Warren Buffett, has invested $500 million in a pro-bitcoin digital bank. Nubank says it will offer bitcoin investment following its acquisition of brokerage firm Easynvest which offers the trading of Brazil’s first bitcoin exchange-traded fund (ETF). Berkshire Hathaway Invests in Pro-Bitcoin Digital Bank Warren Buffett’s Berkshire Hathaway Inc. …
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$160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq
An asset management firm with nearly $160 billion in assets under management, Victory Capital, has announced that it is entering the cryptocurrency market. The firm has established exclusive agreements with Nasdaq and asset manager Hashdex. Asset Management Firm Entering Crypto Market Victory Capital Holdings Inc. (Nasdaq: VCTR) unveiled its plans to enter the cryptocurrency market …
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Proposed New York Bitcoin mining ban watered down to allow green projects
New York senators have amended a proposal to ban all crypto mining for three years, and are now seeking to only stop mining firms backed by carbon-based fuel sources. A proposed crypto mining ban calling for a forced three-year hiatus on all mining operations in New York has been watered down — and will now …
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Bullish reversal? Traders debate whether $37K BTC price is a trend reversal
A stream of bullish Bitcoin adoption news helped to push BTC price back above $37,000 but traders are unsure if the 20% move confirms a trend reversal. The cryptocurrency market flashed bullish on June 9 as Bitcoin (BTC) price reversed course and rallied 20% to $37,500. For the past few weeks, analysts had been debating whether …
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Iranian president calls for legal framework for crypto trading
Iran President Hassan Rouhani wants to protect national interests regarding crypto. Iran is looking for ways to introduce a legal framework for cryptocurrencies, while Bitcoin (BTC) mining remains under embargo in the country. During the cabinet’s Economic Coordination Board meeting on Tuesday, Iranian President Hassan Rouhani emphasized the need to legalize cryptocurrency activities to preserve …
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Bill to make Bitcoin legal tender passes in El Salvador
President Nayib Bukele’s “Bitcoin Law” was passed by the Salvadoran Legislative Assembly. The bill introduced by the president of El Salvador to make Bitcoin (BTC) legal tender in the nation passed the Legislative Assembly with a supermajority just before 6:00 am UTC. In a Twitter Spaces conversation with 22,000 listeners that began just after 5:00 …
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