The U.S. Department of Justice (DOJ) is selling cryptocurrency worth $56 million that was seized from the “number one promoter” of Bitconnect, the largest crypto fraud scheme ever charged criminally. Investors were fraudulently induced to invest over $2 billion. The Bitconnect promoter faces a maximum penalty of 20 years in prison. US Selling Crypto Worth $56M Seized From Bitconnect’s ‘Number…
The New York Digital Investment Group will be paying the National Basketball Association’s Houston Rockets franchise in Bitcoin as part of a partnership aimed at promoting crypto education and adoption. In a Nov. 16 announcement, the Houston Rockets said the New York Digital Investment Group, or NYDIG, would become the team’s official Bitcoin (BTC) services partner and platform. As part…
The VanEck Bitcoin Strategy ETF (XBTF), which tracks the price of Bitcoin futures, launched today amid market turbulence that saw Bitcoin’s price dip below $60,000 for the first time in two weeks. The price of Bitcoin recovered slightly, reaching $59,966 by the time traditional markets closed at 4pm ET. In that time, VanEck’s XBTF saw 38,398 shares traded on its…
press release PRESS RELEASE. Shopping.io, an innovative crypto e-commerce platform, announces its first ever Crypto Tuesday event, taking place on Tuesday, November 30, 2021. Crypto Tuesday is the first-of-its kind discount event that happens online through the Shopping.io platform right after Black Friday and Cyber Monday. Shopping.io is an innovative way for consumers to shop for anything they want from…
The rehabilitation plan to compensate creditors from the now-defunct crypto exchange Mt. Gox is now finalized following confirmation from a Japanese court. According to a Nov. 16 announcement from Mt. Gox trustee Nobuaki Kobayashi, the rehabilitation plan originally filed in the Tokyo District Court in February is now “final and binding.” The confirmation order of the rehabilitation plan in Japan’s…
Polygon, a layer 2 scaling solution for Ethereum compatible blockchains, stated in a press release provided to Cointelegraph that it has launched its zk-STARK powered Miden Virtual Machine for the development of decentralized applications, also known as DApps. 1/7 We are proud to reveal the newest member of the Polygon family – Polygon Miden, an upcoming STARK-based, EVM-compatible Rollup! The…
In the past 30 years the growth of the internet and digital technology has transformed the way the world operates and today artificial intelligence and machine learning continue to shift the balance of power away from physical labor and more toward a future filled with automation and smart technology. IoTeX (IOTX), a blockchain-based project focused on Internet of Things (IoT)…
Watch This Episode on YouTube Watch/Listen To This Episode: In this episode of Bitcoin Spaces Live, hosts Christian Keroles (@ck_snarks) and P (@phjlljp) are joined by Daniel B (@csuwildcat), Shinobi (@brian_trollz), and Level39 (@level39) to discuss the future of decentralized identity. They explore the different decentralized identity projects happening at Microsoft and Square, ION (a layer 2 built on top…
Synonym Software Ltd., a company founded by stablecoin issuer Tether Holdings Limited, officially launched on Tuesday, setting in motion a highly ambitious project to bring Bitcoin (BTC) transactions mainstream through an independent financial platform that utilizes the Lightning Network. Synonym’s stated goal is to enable self-ownership and control of crypto assets by creating an open financial ecosystem that utilizes Bitcoin…
Synonym Software, dedicated to bringing new utility and user experiences to Bitcoin and the Lightning Network, has officially launched today. “Hyperbitcoinization won’t magically happen on its own,” said John Carvalho, CEO of Synonym, in a statement sent to Bitcoin Magazine. “In order to live in a world without big banks, oppressive regulation, or Big Tech presiding over our lives, we…
