Tag: america

Reading Time: 2 minutes The founder of Bitcoin mixing services Helix and Coin Ninja, Larry Dean Harmon, has been fined $60 million by FinCen Harmon operated the mixing services concurrently from 2014 to 2017, mixing over $120 million worth of Bitcoin Bitcoin mixer...

Reading Time: 2 minutes Trump has stated that he wants a bigger and better stimulus check plan If the stimulus check goes ahead, it would be huge news for Bitcoin More and more people will likely invest in Bitcoin with their stimulus check following the gains made from...

Reading Time: 2 minutes Crypto tax can be confusing at the best of times, but yield farming and airdrops brings its own perils Yield farming and airdrops are considered income by the IRS, but there are variances in how they are handled Aidropped and yield farmed tokens...

Reading Time: 2 minutes The dollar is set for a huge crash, according to a former Morgan Stanley Asia chair Stephen Roach writes that a gap between domestic saving and current account deficit is degrading its value Bitcoin, gold, and silver can all take advantage of a...

Reading Time: 2 minutes John McAfee has been arrested in Spain on multiple charges including tax evasion and fraud U.S. authorities issued a warrant for his arrest yesterday following the unseasling of DoJ and SEC filings McAfee is said to have earned many millions of...

Reading Time: 2 minutes Kik lost its case against the SEC last week following a 16-month battle The Kik ICO sale was considered a security by the judge, who ruled in the SEC’s favor The case has not provided any clarity on the status of crypto projects, despite Kik...

Reading Time: 2 minutes China’s digital yuan is set for a real world test, with 10,000 toy vending machines being deployed in Beijing that will accept the CBDC The vending machines are the first example of public use of the digital yuan The development illustrates...

Reading Time: 2 minutes The United States Securities and Exchange Commission (SEC) has charged Swedish crypto scammer Roger Karlsson with fleecing over 2,000 investors out of $3.5 million Karlsson defrauded the investors by promising “astronomical” returns on their investments...

Reading Time: 2 minutes SALT Blockchain has been told to repay SALT token ICO investors by the SEC SALT raised almost $50 million from ICOs in 2017 and 2019 The SEC has said that the sales were unregulated securities and investors must be refunded SALT...

Reading Time: 2 minutes Deutsche Bank has echoed concerns that global CBDCs could reduce the dollar’s dominance The bank released a report that highlighted the benefits and drawbacks of CBDCs Privacy groups will not like the amount of power governments could gain...

Reading Time: 2 minutes Bitcoin is drifting uncertainly towards a six-week resistance line The strength of the U.S. Dollar Index could damage its attempt to break through Only more coronavirus stimulus could undermine a dollar resurgence...

Reading Time: 2 minutes The founder of crypto exchange RG Coins has been found guilty of money laundering Rossen Iossifov was part of a huge operation that scammed victims out of their money through fake auction site listings 17 of the gang have either pleaded guilty or...

Reading Time: 2 minutes Payward Inc, the owners of Kraken, have lost a lawsuit against a former employee Payward sued Nathan Runyon after he revealed their physical address in his own suit against them, as well as other perceived misdemeanours Runyon is one of three...

Reading Time: 2 minutes A digital dollar could be closer than we think, according to the President and CEO of the Federal Reserve Bank of Cleveland Loretta Mester raised the suggestion of a CBDC as a payment method for a second coronavirus payout A former Federal...

Reading Time: 2 minutes A British hacker with The Dark Overlord group has been sentenced to five years in prison Nathan Wyatt helped steal U.S. medical records and demand a Bitcoin ransom for them Wyatt only recently finished a stint in a British prison for fraud...

Reading Time: 2 minutes The U.S. Dollar Index looks to have bottomed out and begun a reversal It has broken out of a two-month bottoming range and has cleared crucial resistance levels Bitcoin and precious metals could be in trouble if it continues The U.S....

Reading Time: 2 minutes Craig Wright has failed to have his case against the estate of Dave Kleiman dismissed Wright had argued six points of law that meant the case against him should be scrapped before going to trial Judge Bloom rejected all six of Wright’s claims,...

Reading Time: 2 minutes The People’s Bank of China has stated that it needs to “seize the first track” in CBDC development An article in China Finance describes the digital financial revolution as a “new battlefield” The PBOC sees a digital yuan as a way to reduce...

Reading Time: 2 minutes Two Russian cryptocurrency fraudsters have been charged with stealing $16.5 million worth of funds from American crypto exchange customers The pair used phishing and spoofing tactics to trap exchange users and steal their login and personal information...

Reading Time: 2 minutes Kraken has been awarded a banking license by the Wyoming Banking Board The license makes them the first crypto exchange in U.S. history to be legally considered a bank The award could also help raise the profile of cryptocurrency companies...