A California US Navy couple is in the news for allegedly stealing more than 9,000 identities of innocent citizens. They sold it to get more than $160,000 worth of Bitcoin. The ones who bought the identities then used them to commit identity theft. The History of the US Navy Couple A couple assigned to the…
Xapo services, a financial service company that provides Bitcoin wallets, says it will no longer serve its American customers. The information came via a recently circulated mail to its numerous American clients. The mail cites changes in business strategy as the main reason why they would discontinue operations in America. Transfer your Bitcoins to Another…
Cryptocurrencies, stablecoins in particular, are becoming more widely accepted by regulators across the globe. GYEN stablecoin owned by Japanese giant, GMO Internet, has recently gained approval from New York regulators. History-Making Stablecoin The latest stablecoin was approved by a New York regulator: The New York Department of Financial Services (NYDFS). The approval was made public…
Ripple Labs, the owners of the XRP coin, and the United States Securities Exchange Commission (U.S SEC) are scheduled to meet in February 2021. The meeting will be conducted over a video call. It will serve as the first of a series of pretrial conferences over the lawsuit between the two parties. Both Parties to…
A new trend has started in the world of sports. Sportsmen and women have started adopting new ways in which they want their salary to be paid. BTC or Nothing Please Russell Okung, an athlete who plays for Carolina Panthers in the American National Football League (NFL) made a recent announcement. He reported that he…
Anthony Scaramucci’s Skybridge Capital has just contributed as much as $182 million to bitcoin in a bid to improve the interest of its investment fund. The fund which has an arranged public introduction for another Bitcoin store scheduled for a month from now, has partnered with various crypto firms including Fidelity Digital Assets and Silvergate….
The Polkadot project is one that has continued to see an increased level of growth. Its native token, DOT, has witnessed an increase in price by nearly 50%. This could be traced to two actions taken by Binance. New Binance Investment Two days before Christmas, Binance gave what seemed like a Christmas gift to the…
The U.S. SEC (Securities and Exchange Commission) has reportedly charged Virgil Capital LLC and its associated companies with fraud. It recently filed an emergency action against the firm and its subsidiaries, and also got a court order to freeze the firm’s asset. A declaration from the financial regulator’s office allegedly stated that Virgil Capital, led…
One of the foremost providers of virtual reality experiences, NexTech AR Solutions has made an announcement today, saying it made its initial investment in Bitcoin worth $2 Million. The company might also add more Bitcoin to its reserve in the coming years, following the statement. Evan Gappelberg, the CEO of NexTech, which also involves augmented…
Coinbase, one of the world’s largest crypto trading platform has declared its plan to quit trading of XRP on its platform. Coinbase Joins the Train This makes Coinbase the latest exchange firm to suspend trading of Ripple’s XRP. The negative downslide came for Ripple when US Securities and Exchange Commission accused the blockchain company of…