SEC Charges SafeMoon Team With Orchestrating Crypto Grand Fraud
The U.S. Securities and Exchange Commission (SEC) announced charges against cryptocurrency companynSafeMoon, its creator Kyle Nagy andits U.S. counterpart SafeMoon US. The executive team, which included CEO John Karony and Chief Technical Officer Thomas Smith, were accused of orchestrating a…
Global Bitcoin mining eats up more power than most nations – UNÂ study
Global mining of the cryptocurrency Bitcoin consumes more electricity than many populous countries such as Pakistan, according to a new UN study. Forecasts from July estimate that more than 135 terawatt hours (TWh) will be needed for bitcoin mining worldwide…
Here’s Why Bitcoin’s Bullish Momentum Is Far From Over: The Factors Driving King Crypto’s Surge
The bullish surge inBitcoin‘s (CRYPTO: BTC) price, which recently hit a year-to-date high, continues into its third week, hinting at a potential continuation of the bull move. Bitcoin hovers around the $35,000 mark. As reported by CoinTelegraph, multiple factors back…
Crypto Exchange Bittrex Bids Goodbye To US Due To Regulatory Guidelines Push
Unlike the recent crypto firms declaring bankruptcy, Bittrex was different in two ways one being it voluntarily chose to shut down its U.S. operations and the other being it never restricted customer access to accounts and neither faced funding shortfall….
Spot Bitcoin ETF Approval In January Looks Promising, Says Bernstein Research
Enthusiasm for a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) continues to surge, and analysts now believe its probable approval in early January “looks highly likely,” according to Bernstein Research. The SEC’s recent active engagement, marked by its feedback on…
US Treasury Deputy Secretary Says Crypto Not A Main Source Of Funding For Terrorists
U.S. Deputy Treasury Secretary Wally Adeyemo debunked the notion that cryptocurrencies predominantly finance terrorist organizations. In a conversation with RUSI’s Centre for Financial Crime and Security Studies, he clarified traditional banking systems remained the primary channel for such funding. Recent…
Everything Bitcoin-Related Is At Peak, Even The Crypto’s Wikipedia Pageviews Are Up
The rally in Bitcoin (CRYPTO: BTC) prices and the likely approval of a spot Bitcoin ETF led to rising interest in the cryptocurrency. Bitcoin’s Wikipedia page saw 13,490 pageviews on Oct. 24, based on The Block’s Data Dashboard. This marks…
Robert Kiyosaki picks gold and bitcoin over stocks and bonds
Robert Kiyosaki challenges the 60/40 investment strategy that has 60% stocks and 40% bonds. He says a portfolio with 75% gold, silver Bitcoin mixed 25% real estate/oil is better. Investors might want to shift if they want to survive an…
Crypto crackdown confirmed as UK unveils plans for new measures
The Government has confirmed new measures to regulate the cryptocurrency industry following growing calls to strengthen safeguards for consumers. On Monday, the Treasury published its response to a consultation paper on the future of crypto industry rules. New proposals include…
Binance Feels The Heat As CME Climbs Bitcoin Futures Ladder
Chicago Mercantile Exchange (NASDAQ: CME) is now in the second spot right behind Binance for the largest Bitcoin (CRYPTO: BTC) futures exchange driven by an institutional-led rally amid the spot ETF optimism. The regulated exchange jumped from the fourth position…