The first woman to gain more than a million YouTube subscribers is now going all-in on bitcoin to promote financial freedom to her loyal fanbase. “I kind of view bitcoin as similar to YouTube, which…
$1.89B liquidated: Why did Bitcoin and ETH price…
In the last 24 hours, $1.89 billion worth of futures positions have been liquidated after Bitcoin (BTC) and Ether (ETH) sharply fell, with BTC reaching below $46,000 on Binance. BTC/USDT 15-minute price chart (Binance). Source:…
$1.89 billion liquidated: Why did Bitcoin and ETH…
In the last 24 hours, $1.89 billion worth of futures positions were liquidated after Bitcoin (BTC) and Ether (ETH) sharply fell below $46,000 on Binance. BTC/USDT 15-minute price chart (Binance). Source: TradingView.comMost of the liquidations…
Acknowledging BTC Sovereignty, Nigeria Becomes Bellwether For Hyperbitcoinization
Today, the Senate of Nigeria —which has similar legislative powers to the U.S. Senate — shared notes from its daily proceedings. Among the presentations of bills and reports was discussion of a recent reminder from…
ECBs Lagarde says central banks holding Bitcoin is…
The head of the European Central Bank (ECB) thinks that central banks worldwide will not be holding Bitcoin (BTC) any time soon. In a conference call with The Economist on Feb. 10, Christine Lagarde showed…
Central Bank of Nigeria Denies It Has Placed…
Following the outcry over the Central Bank of Nigeria’s latest directive that targets cryptocurrencies, the institution has reaffirmed its stance with another statement. In the latest five-page document, the CBN insists that this directive is…
Blockchain Bites: Tesla Drives $1.5B Into Bitcoin, Brian…
Three stories 1. Tesla invested $1.5 billion of its cash reserves in bitcoin, according to a U.S. Securities and Exchange Commission annual report. The popular auto manufacturer said bitcoin offers “more flexibility to further diversify…
Paxful Celebrates the Real Reasons People Use Bitcoin…
Paxful, one of the largest peer-to-peer cryptocurrency marketplaces in the world, is celebrating the real reasons people use bitcoin everyday with a special $15,000 giveaway. The platform helps millions to have access to payments, e-commerce,…
Central Bank of Nigeria Orders Banks to Close…
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to…
Central Bank of Nigeria Orders Banks to Close…
The Central Bank of Nigeria (CBN) has circulated a letter directing banks and financial institutions to identify and close accounts of cryptocurrency transacting entities. The directive, which took immediate effect, threatens “severe regulatory sanctions” to…
Why a Chinese New Year Sell-Off May Not…
The lunar Chinese New Year this year is on Feb. 12, right around the corner. But unlike in previous years, some analysts and traders say the “Chinese New Year Dump,” a belief bitcoin’s (BTC) price…
Central Bank of Nigeria bans banks from servicing…
The Central Bank of Nigeria has placed a ban on all regulated financial institutions from providing services to crypto exchanges in the country. The prohibition was contained in a circular issued by the CBN on…
What’s Next For Bitcoin In An Era Of…
Searching For The Roots Of Bitcoin’s Narrative If we are to understand bitcoin’s meteoric rise, we must return to 2008. After all, the world’s largest cryptocurrency by market capitalization is a child of the global…
Bithumb CEO Predicts Only Four to Seven South…
The CEO of the South Korean cryptocurrency exchange Bithumb has made some predictions regarding the upcoming new rules governing the national industry. In fact, the executive believes there will only be between four and seven…
How compliance software detects fraud and money laundering…
The crypto industry has boomed over the past 12 months. While 2019 began with a total market cap of $200 billion, the explosion in Bitcoin’s value resulted in this figure surging fivefold as 2020 began…
Think How Well Bitcoin Would Be Doing if…
For all the talk about bitcoin (and broadly crypto) being easier to buy than ever before, Friday morning, as bitcoin was topping $41,000 per coin, I spent hours trying to make a small $100 purchase. …
Mastermind of a Cryptocurrency Scam Arrested in India
An alleged mastermind of a cryptocurrency scam has been arrested in India after he fled the country to Dubai. Investors were duped into investing in a cryptocurrency linked to a crypto exchange he established. The…
Physical Crypto Bank Opens in India — These…
A crypto bank has begun opening physical branches in India through a joint venture between Cashaa and United Multistate co-op society. Customers can open bank accounts, buy and sell cryptocurrencies, obtain crypto-backed loans, as well…
Why I’m Long Crypto, Short DLT
I had a remarkably good year as an industry analyst – a term I prefer to “expert.” Almost no one in crypto is an expert, to be fair. So many things change every month. Last…
Bitwise Liquidates XRP Position in Crypto Index Fund…
Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund. The firm acted shortly after the U.S. Securities and Exchange Commission (SEC) sued the token’s alleged creator, Ripple Labs…
Indian Police Bust International Bitcoin Extortion Rackets, 96…
Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin from foreigners. They set up illegal call centers, posed as police officers, and told the victims that their bank accounts had been used…
Video: The Early Days Of Bitcoin With Vake
In this episode of Bitcoin Magazine’s “Meet The Taco Plebs,” I was joined by my good friend, “a man of the people,” Vake. He has been on the Bitcoin scene for a lot longer than…
Another Asian Crypto Exchange Suspends Withdrawals as China…
Chinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes. The latest detained under this operation is one of the founders of a Hong Kong-based cryptocurrency exchange CEO Global (ceobi).…
Status of Second Stimulus Checks as Deadline for…
As Americans wait to hear if they will receive second stimulus checks, lawmakers are scrambling to avert the looming government shutdown. A spending bill, which could include some stimulus measures, must be passed before the…
Bitcoin’s “Curse of $20,000”: Will We See $20K…
For some, it must be almost frustrating–after a push past $18,000 Bitcoin seems to be in a healthier place than ever before. The last time that Bitcoin was over $18,000 in 2017, it had been…
Remitano Makes Cross-Border Money Transfer Much Easier With…
PRESS RELEASE. To simplify banking and meet its users’ Remittance needs across the globe, Remitano, a global escrow-marketplace, has just launched a smart, free, and safe approach for cross-border money transfers. This system will allow…
First Mover: What China Crackdown Means for $18K…
Bitcoin was flat to slightly lower after briefly climbing Wednesday above $18,000 for the first time since December 2017. “There is a tsunami of buying power up against reluctant sellers,” Charlie Morris, CEO of the…
Bitcoin’s Rally Could Be Caused by a Supply…
Bitcoin’s price surge may be driven as much by a drying up in supply as by an increase in demand. That’s because Chinese miners are struggling to sell their crypto in ways that would quickly get…
Bitpay Launches New Payroll Service for Companies That…
The Atlanta-based cryptocurrency payment processing company Bitpay is now getting involved with payroll services. The firm announced the launch of Bitpay Send, a mass payout service that enables organizations of all sizes to pay employees,…
Blockchain Bites: Billionaire Bullish on Bitcoin, Updates on…
Another billionaire investor disclosed his bitcoin bags. The Silvergate Exchange Network added another exchange member. Riot Blockchain, a publicly traded bitcoin mining firm, recorded bumper revenues with plans to expand. Top shelf Billionaire’s bitcoinBillionaire U.S.…
First Mover: What’s Next for Bitcoin as Wall…
Bitcoin was higher for a second day, staying in a range between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks. With the…
Debate Rages on Whether a Digital Dollar Will…
With record U.S. money printing failing to achieve much-needed economic stimulus, some observers now expect creation of a “digital dollar” central bank digital currency (CBDC) will not only speed payments to consumers but also spur…
The Big Choices When Designing Central Bank Digital…
The increased interest in central bank digital currency (CBDC) has led to a surge in ideas and research about the topic, so much so that it’s all but impossible to keep up with everything that’s…
Cybercrime task force monitoring the global digital financial…
The United States faces a growing threat of transnational cybercrime, particularly against its financial system. In what may be the largest prosecution of its kind in U.S. history, the U.S. Department of Justice has charged…
Nigerian Aid Group Finds Sovereign Lifeline In Bitcoin
This article also appeared in our Down The Rabbit Hole newsletter. If you want our news and analysis straight to your inbox, make sure you subscribe now! Since mid-October, protestors across Nigeria have been demonstrating…
Nigerian Protest Group Finds Sovereign Lifeline In Bitcoin
This article also appeared in our Down The Rabbit Hole newsletter. If you want our news and analysis straight to your inbox, make sure you subscribe now! Since mid-October, protestors across Nigeria have been demonstrating…
Digital Ruble: Russia Unveils Plans to Test Central…
As China is actively testing its digital yuan, Russia is now planning to build and test a central bank digital currency, the digital ruble. Meanwhile, the Bank of Russia has proposed limiting the amount of…
Cryptographers Are Always Going to Be ‘One Step…
While regulators are trying to restrict privacy in crypto, their efforts may be futile, according to privacy-centric protocol Monero’s maintainer, Riccardo “Fluffypony” Spagni. “The U.S. Internal Revenue Service (IRS) wants the same level of insight…
33 money laundering crypto criminals targeted worldwide in…
Law enforcement officials from around the world hav taken action against a major transnational money laundering operation involving cryptocurrency. On Oct. 15, Europol announced a successful operation across 16 countries that resulted in the arrest…
33 money laundering crypto crims targeted worldwide in…
Law enforcement officials from around the world hav taken action against a major transnational money laundering operation involving cryptocurrency. On Oct. 15, Europol announced a successful operation across 16 countries that resulted in the arrest…
Bitcoin diverges from legacy markets as ‘breathtaking’ rally…
A report published by major U.S.-based crypto exchange Kraken has identified signs the correlation between Bitcoin (BTC), the greenback, and legacy markets, is continuing to weaken. Kraken’s September volatility report found Bitcoin (BTC) largely maintaining…
Bitcoin decouples from legacy markets as ‘breathtaking’ rally…
A report published by major U.S.-based crypto exchange Kraken has identified signs the correlation between Bitcoin (BTC), the greenback, and legacy markets, is continuin to weaken. Kraken’s September volatility report found Bitcoin (BTC) largely maintaining…
Digital Yuan Trial Goes Live But Fears Over…
After years of rumors and leaks on Chinese social media, Shenzhen residents became the first in the country to trial the digital yuan. Distribution of funds took place via a lottery-style promotion with 50,000 “red…
Bitcoin Correlations Depend on What Phase It Is…
Bitcoin has multiple long-term and short-term variables that affect its price, and many folks debate what its major correlations are, if any. It turns out, the same factors that affect bitcoin’s price – real rates…
John McAfee Arrested, Indicted for $23 Million Illegal…
John McAfee has been arrested and indicted for tax evasion, the U.S. Department of Justice announced. The cybersecurity entrepreneur has also been charged with fraudulently pumping cryptocurrencies by the U.S. Securities and Exchange Commission. McAfee…
Three Mega-Trends Shaping the Future of Money
In the year 2030, if we do this right, money, the foundation of our economy and civilization, will be unrecognizable. As a society we have grown so accustomed to the status quo of today’s money…
The Standard About to Revolutionize Payments
What will payments over the internet look like in 2030? A revolution in finance and payments. That’s what crypto-based platforms like Bitcoin, decentralized finance and stablecoins are attempting to do. But just because traditional money…
Fintech Giant Plaid Has a Hidden Passion for…
Fintech enabler Plaid, which connects traditional bank accounts to thousands of digital platforms, including crypto exchange Coinbase, is quietly working with at least two decentralized finance (DeFi) startups. Plaid’s head of UK, Keith Grose, a…
Indian Police Probe Crypto Exchange and Founders Allegedly…
Delhi police are reportedly investigating a cryptocurrency exchange and its executives allegedly duping Indian investors after receiving multiple complaints. The complainants further say the company has moved office overseas without returning their investments. Police Investigate…
Visa-Owned Plaid Has a Hidden Passion for DeFi
Visa-owned fintech enabler Plaid, which connects traditional bank accounts to thousands of digital platforms, including crypto exchange Coinbase, is quietly working with at least two decentralized finance (DeFi) startups. Plaid’s head of UK, Keith Grose,…
How banks are integrating crypto AML software for…
With the exposure of traditional banks and financial institutions to crypto-assets and all the risks involved, as well as the continued advice from governmental authorities to banks to integrate a crypto risk management system, what…
eToro Launches GoodDollar And Begins Delivering Universal Basic…
With enforced shutdowns driving governments to enact emergency stimulus measures and airdrop funds into citizens’ accounts, Universal Basic Income (UBI), also known as Basic Income has attracted renewed interest. This fact hasn’t escaped the attention…
Ripple Sued by 13 Australian Banks for Trademark…
Ripple Labs Inc. is being sued in an Australian court for allegedly infringing a trademark belonging to several local banks. A lawsuit filed by the New Payments Platform Australia (NPPA), a joint venture between the…
OCC Chief Says Americans Gravitating Toward Digital Currencies:…
Brian Brooks, the acting comptroller of currency at the U.S. Office of Comptroller of Currency (OCC), says America must adopt digital currency payment rails if the country hopes to compete with global payment rails in…
4 Myths About CBDCs Debunked
Marcelo M. Prates is a lawyer at the Central Bank of Brazil and holds a doctorate from Duke University School of Law. The views and opinions expressed here are his. Although the terminology of central-bank…
Ternio’s ERC-20 TERN Token Listed On Global Crypto…
ATLANTA, GA – August 10, 2020 – Ternio’s ERC-20 payment token TERN, has been listed by global cryptocurrency exchange, Bibox. This news comes two months after Ternio’s announcement that they would be burning ten percent…
Paytm Freezes Indian Bank Accounts Suspected of Cryptocurrency…
India’s largest mobile commerce platform Paytm has reportedly been freezing the bank accounts of users suspected of crypto trading, even though cryptocurrency, including bitcoin, is legal in India. The country still does not have a…
Nasdaq-Listed Company Sued for Backing $2 Billion Loans…
The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action…
With Bitcoin ATMs, CoinFlip Is Banking The Unbanked
This is a promoted article provided by CoinFlip. There are now many ways to obtain bitcoin and join the growing revolution in sovereign digital wealth. Among them, you can mine bitcoin, you can earn bitcoin…
AMFEIX Investors Raise Concerns About Massive Pending Withdrawal…
A number of people who invested in a cryptocurrency company are claiming that the company is scamming its users. The fund in question is called AMFEIX, which promised high-yield monthly returns to its users and…
Wirecard’s Missing COO is Suspected to Be Hiding…
Since his disappearance last month, former Wirecard COO Jan Marsalek has arguably been one of the most wanted people in the world. However, on July 18th, 2020, investigative journalism outlet Bellingcat reported that the search…
What Does the Twitter Hack Mean for Bitcoin?…
For five hours, all of Twitter became Crypto Twitter. Wednesday, one of the biggest digital hacks in recent memory went down. A hacker, likely a Bitcoiner, gained access to Twitter’s administrative functions and began a…
A Treatise on Bitcoin and Privacy Part 2:…
In Part One of this treatise, we examined the fundamental relationship between Bitcoin and privacy by going back to the beginning with the whitepaper. In spite of some excellent privacy preserving options that have been…
I’m a Syrian Refugee. This Is How Bitcoin…
Tey Elrjula is a tech entrepreneur, a refugee and the author of “The Invisible Son,” now available for pre-sale. Bitcoin is good for whatever you need. I’ve used it to order pizza and to build…
DeFi in Focus: 4 Leading Experts Discuss DeFi’s…
With the recent volatility in the values of certain DeFi governance tokens, DeFi has once again risen to the top of the cryptosphere’s global conversation: as excitement around some of these platforms grows, some analysts…
South African Investors to Lose $13 Million as…
A South African high court has declared an alleged bitcoin scam mastermind, Willie Breedt, bankrupt. The court decision follows an application by one disgruntled investor, Simon Dix, a News24 report states. Willie Breedt is the…
Sun Sets on Offshore Banking as Assets Worth…
The Organization for Economic Cooperation and Development, or OECD, reported on Tuesday how automatic reporting in 2019 helped uncover $11 trillion worth of assets in offshore accounts. The result came as the Common Reporting Standard,…
$11 Trillion Offshore Assets Uncovered After 100 Countries…
Governments in nearly 100 countries have been sharing offshore bank account information in an effort to crack down on tax evasion. Their “Automatic exchange of information” has led to uncovering 10 trillion euros ($11 trillion)…
Indian Crypto Banks and Exchanges See Massive Growth…
The crypto industry in India is experiencing massive growth, according to a new survey of crypto banks and exchanges. Despite the country’s deepening coronavirus crisis, crypto exchanges say trading volumes and the number of signups…
New Zealand Police Seize $91 Million From Russian…
Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. Vinnik is the alleged owner of the collapsed BTC-e exchange. The funds were seized from bank accounts held by…
One Man’s Mission to Deploy Solar-Powered Bitcoin Nodes…
Look below at the map of public nodes on Bitcoin’s Lighting Network. Europe and the U.S. are filled with them. The rest of the world is an ocean of blankness with a few scattered islands.…
5 Chinese Banks Say Legal Crypto Traders’ Accounts…
Following reports that Chinese authorities are freezing bank accounts of cryptocurrency traders, five banks have reportedly clarified their policies. They confirmed that accounts with legal crypto transactions will not be frozen. However, some people claim…
After Congress’ Digital Dollar Hearing, What’s Next?
Yesterday, during a remote session held at 12:00 PM EST, the United States Congress Financial Services Committee heard testimony from four “witnesses” on the creation of a digital dollar. These included Mehrsa Baradaran, a Professor…
The Human Rights Foundation Is Now Funding Bitcoin…
The Human Rights Foundation (HRF) was already promoting Bitcoin’s privacy features. Now, it will also fund the development of them. HRF, the New York-based nonprofit that promotes and protects human rights globally, has launched a…
UK Government Seizes $185 Million From Dormant Bank…
The UK government is seizing funds in dormant bank accounts worth approximately $185 million to fund its coronavirus relief efforts. So far, 30 banks have been voluntarily transferring money from dormant accounts to the government,…
RBI Confirms No Ban on Cryptocurrency Exchanges, Businesses…
India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI…
Investing in the Right Crypto Could Generate 7x…
Crypterium (CRPT), the namesake utility token of the award-winning fintech startup, is listed as one of the most valuable assets of the year 2020. The well-known crypto expert and editor of Palm Beach Research Group…
Blockchain Bites: The Government Won’t ‘Kill DeFi’ but…
Top Shelf Progress must keep pace with need. An overriding theme during day three of Consensus: Distributed was that the pace of technological development - driven by interconnected but diffuse organizations - must keep up…
JPMorgan Chase Starts Accepting Bitcoin Businesses for Banking…
JPMorgan Chase has reportedly started providing banking services to bitcoin businesses, with the first two clients being Coinbase and Gemini exchanges. JPMorgan also recently recommended having cryptocurrency in investment portfolios as its CEO, Jamie Dimon,…
AML in the UK: What the Update Means…
Money laundering – the process of making criminal money appear clean, universally involves 3 steps. First is the placing of criminal money into the financial system away from its true source – by moving and…
Money Reimagined: Fed Spending Is Good for Asset…
In early March 2012, three years after the biggest financial disruption in 80 years, with 8% of the U.S. workforce unemployed, with four million American homes foreclosed and with Europe tearing itself apart over fiscal…
Money Reimagined: Picasso Up, Main Street Down
In early March 2012, three years after the biggest financial disruption in 80 years, with 8% of the U.S. workforce unemployed, with 4 million American homes foreclosed, and with Europe tearing itself apart over fiscal…
How the COVID-19 Crisis Revived the Digital Dollar…
Lawmakers have used the coronavirus crisis to revive the digital dollar debate. U.S. House and Senate bills proposed in March, which would allow individuals to hold checking accounts directly with the Federal Reserve, have renewed…
Sign Into Websites Using Your Crypto Wallet Instead…
What better way to celebrate World Password Day (May 7) than with a new solution from the cryptoworld to get around insecure passwords and phishing attacks? The lnurl-auth protocol allows users to sign into various…
Why Binance and Akon Are Betting on Africa…
In advance of her “Crypto Across Emerging Markets” panel at Consensus: Distributed on May 11, Leigh Cuen is writing a three-part column on how cryptocurrencies are used in the developing world. The first installment explored…
The Man Who Forecast a Currency Cold War
Many of the impacts of COVID-19 are easy to grasp. Every day we see the gutting news: the rising body count, the millions of unemployed, the makeshift morgues in public parks. We grieve for those…
Blockchain Bites: Bitfinex Sues, Miners Prepare, Congress Considers
Around the world, from the Middle East to Washington, D.C., Beltway, blockchain is proving its value. In the Middle East, citizens hampered by weak governments, unstable currencies and fraught political environments are turning to crypto…
Lebanese Currency Collapse: Failed Policies Led to Economic…
Lebanon is facing an unprecedented economic crisis and the local currency has already lost about 60% of its value. The central bank’s policies have come under fire while citizens are protesting how the government handles…
Gold Ownership Has Been Difficult, Until the Days…
Gold’s history as a symbol of value dwarfs that of any other artifact. Used as money in both ancient Greece and the Roman empire, gold was also the preferred method of payment for goods along…
Future of Finance: CBDCs Offer the New Architecture…
Despite its nascency, central bank digital currencies and their offshoots have rapidly evolved into a serious alternative to typical bank accounts. A CBDC is electronic money issued by a central bank for use by consumers…