A US District Court for the District of Nevada has fined Circle Society and owner David Gilbert Saffron for operating a cryptocurrency ponzi scheme. This is according to the Commodity Futures Trading Commission (CFTC). Circle Society Ponzi Scheme The regulator stated that both the Nevada-based corporation and its operator have to pay $32 million as …
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Riot Blockchain Inc has disclosed its plans of acquiring Bitcoin mining facility Whinstone Inc for about $651 million. The $651 Million Whinstone Acquisition The Whinstone acquisition includes both cash payments and stock options, Riot explained in a press release. Riot would buy all of Whinstone’s assets and operations for $80 million in cash plus a …
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A new class-action lawsuit has been filed against e-commerce platform Shopify and crypto wallet platform Ledger. The lawsuit filed surrounds breach of customer data. Shopify and Ledger are facing a lawsuit over customer data breach, which occurred last year. The security breach is alleged to cause many users to fall victim to phishing attempts disguised …
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Ever since March of last year, where most of the world’s markets crashed heavily on the realisation of Covid-19’s impact, the appetite for risky investment has been extremely low. Many have been waiting to see how the global economy recovers from the pandemic, and the signs are starting to show. In the US, the powerhouse …
Automated trading platforms or ‘bots’ have become a popular way to trade cryptos. Instead of having to watch the crypto markets, and look for entry and exit opportunities, crypto trading bots do most of the work. Cryptohopper and 3commas have emerged as two of the most popular trading bots in the marketplace, and they both …
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With mass adoption comes the risk that cryptocurrency may lose one of its core value propositions: decentralization. This is the year cryptocurrency finally starts to break into the mainstream. From Elon Musk and Tesla investing in and accepting Bitcoin (BTC) to the recent nonfungible token craze, the days of blockchain tech being the domain of …
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As Ripple fends off SEC lawyers, XRP enjoys an explosive weekend pump Amid a weekend pump carrying multiple cryptocurrencies higher, Ripple’s XRP looks to be leading the way with a push as high as 30% on the daily — carried on the back of a string of legal victories and rumors of relisting at some …
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According to professional trader Scott Melker, Ethereum’s “tremendous upside potential” could overshadow Bitcoin this year. Ethereum is likely to outperform Bitcoin, at least in the short term, said veteran trader Scott Melker in an exclusive interview with Cointelegraph. Alt szn is upon us Melker sees this period of Bitcoin’s price consolidation as particularly bullish for …
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Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Bitcoin suddenly hits $60,000 as a new resistance battle liquidates $850 …
ETH I noted last week that the Ethereum price was “looking to make another drive towards the highs at $2,000.” The number two cryptocurrency by market cap did just that and blew through the previous obstacle to see new all-time highs above $2,100. The last two weeks saw the amount of staking in the coin …
Continue reading “Ethereum Hits a New Record High, Bitcoin Stalls Under $60k, WRX, HOT, Apr. 5”
Litecoin Rebrands to Bitcoin Lite On April Fools’ Day, Litecoin rebranded itself as “Bitcoin Lite.” The joke was a thorough effort, with a completely revamped website and Twitter account. Though the change was a joke, it contained a bit of truth: Litecoin really is based on Bitcoin’s code. The project’s original site has been restored, …
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As Bitcoin rises in popularity, concerns are being raised about the environmental impact of Bitcoin mining. However, there may be solutions. Bitcoin Mining’s Environmental Impact Bitcoin is produced through mining, an energy-intensive process that introduces new cryptocurrency into circulation by rewarding those who contribute computer power. Though mining was originally done by individuals, the industry …
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It is that time of year again and we are happy to announce our Annual Cryptocurrency Market Survey. It has been an exceptional year for crypto and our editorial staff cannot wait to hear what you think. Share your thoughts. The survey takes just a few seconds, your answers are completely anonymous, and once you …
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Signal, the cross-platform encrypted messaging service is facing criticism this week, after the company Signal Messenger told the public it was integrating the cryptocurrency mobilecoin. Moreover, controversy surrounds the company’s founder and CEO Matthew Rosenfeld, known as ‘Moxie Marlinspike’ over his previous ties with the Mobilecoin project. The Relationship Between Mobilecoin and Signal During the …
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On April 9, 2021, the Delaware-based company and sponsor of the “Kryptoin Bitcoin ETF Trust” filed an S1 amendment for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The asset manager re-filed its 2019 ETF application and instead of leveraging NYSE, the company plans to use Cboe BZX. Kryptoin Joins …
