The United States Department of Justice is planning to sell $56 million worth of cryptocurrency seized in connection with its case against Ponzi scheme BitConnect. In a Nov. 16 announcement, the Justice Department said it would sell the seized crypto and hold the proceeds in U.S. dollars until it could use the funds to provide restitution to BitConnect victims. The…
In brief President Biden signed a $1.2 trillion infrastructure package into law yesterday. Senator Cruz wants the cryptocurrency provisions in the bill reversed. Senator Ted Cruz isn’t known for forging compromise. The Texan has earned ire and eyerolls from fellow Republicans for his habit of engaging in one-man filibusters and upstaging leadership. So it’s only natural that Cruz is going…
Ripple, the company whose executives have often criticized the United States’ seeming lack of regulatory clarity on the cryptocurrency industry, has outlined its own “pragmatic” framework. In a Nov. 16 post on its website, Ripple released its vision for a regulatory framework aimed at advancing innovation while protecting investors in the United States. According to the firm, regulators need to…
Cryptocurrency traders are scrambling and scratching their heads after a sharp drop in Bitcoin (BTC) price triggered a market-wide sell-off that has nearly every token in the top-200 flashing red today. Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin price dropped as low as $58,609 before finding buyers who bid the price back to $60,500. BTC/USDT 4-hour chart. Source:…
Inflation has continued to make the price of goods and services in America rise as the U.S. dollar’s purchasing power is not what it used to be. Meanwhile, the Obama administration’s former economic advisor, Larry Summers, recently told the press that “We’re going to see inflation of a kind we haven’t seen in 30 years.” Despite the gloomy forecasts, the…
ABL’s most successful club has embarked on a Bitcoin standard, shifting its corporate treasury from dollars to bitcoin.“The Perth Heat are embracing the reality that the future of money and corporate treasuries will live on the Bitcoin blockchain,” its chief bitcoin officer said.The club will pay players and staff in bitcoin, accept BTC for payments, and hold bitcoin in its…
The top cryptocurrencies by market capitalization keep changing over time as the industry matures. Solana (SOL) has seen its value skyrocket so far this year and has been consistently processing over 2,500 transactions per second. The cryptocurrency’s price, according to TradingView data, is up nearly 13,000% year-to-date as the year started with SOL trading slightly below $2. Solana is now…
The Houston Rockets have partnered with NYDIG in a sponsorship deal paid in bitcoin.NYDIG will become the franchise’s official Bitcoin services provider and Bitcoin platform.The team will provide Bitcoin education programs for the community and bitcoin rewards and payment options for fans. National Basketball Association (NBA) team Houston Rockets have partnered with Bitcoin services company NYDIG, according to a press…
press release PRESS RELEASE. INTERNET CITY, DUBAI, Nov. 15, 2021 – LBank Exchange, a global digital asset trading platform, will list LMCSWAP (Limocoin Swap) on November 15, 2021. For all users of LBank Exchange, the LMCSWAP/USDT trading pair will be officially available for trading at 21:00 (UTC+8) on November 15, 2021. In the ever-evolving African continent, blockchain technology and crypto…
At least three Federal Reserve governors have said that they do not see a reason for the Fed to issue a central bank digital currency (CBDC). The Fed is currently putting together a report on a digital dollar to be released in the near future. Fed Governors Doubt Need for Digital Dollar Federal Reserve Governor Michelle Bowman said last week…
