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By CCN.com: The United States Attorney’s Office District of Oregon has indicted two Nigerian nationals, Kelvin Usifoh and Onwuemerie Ogor Gift, over a bitcoin fraud scheme which is estimated to have netted them bitcoin worth over $270,000. Among the charges that the two are facing include wire fraud and conspiracy to commit money laundering. The victims who have come forward are based in Oregon and California. The two accused men have yet to be located as the Feds contemplate triggering Read more …

Bitcoin price is trading up 3% so far this week at $5458, despite being down from the yearly highs of $5627 achieved on Tuesday. As we march towards the weekend, let’s take a closer look at what’s going on in the markets. 4-Hour Chart The 4-hour bitcoin price chart shows that BTC/USD 00 has established a range high for the week, month and year, which remains in close proximity to current price action. Despite a selloff yesterday following a double Read more …

Genesis Global Trading’s cryptocurrency lending arm continues to grow – and diversify beyond short sellers. Announced Thursday, Genesis Global Capital wrote $425 million of crypto loans in the first quarter, bringing its total originations since the business launched in March 2018 to $1.53 billion. Moreover, Genesis’ portfolio of outstanding loans grew 17 percent from the end of last year to $181 million as of March 30. (The average loan is paid off in six weeks, which explains why the amount Read more …

Nike has filed a trademark application for the phrase “Cryptokicks,” a document filed with the U.S. Patent and Trademark Office on April 19 shows. The application describes “providing a digital currency or digital token for use by members of an online community” — and the operation of an online marketplace “featuring footwear and clothing.” Elsewhere in the document, Nike sets out how it wants to reserve the Cryptokicks name for providing “online blogs in the field of crypto collectibles” and offering Read more …

Satoshi Nakamoto, the pseudonymous creator of the Bitcoin (BTC) project, always expressed an inkling of mistrust and cynicism towards centralized institutions, including Wall Street and the incumbent government. This theme was only accentuated when the first ever crypto diehard embedded a Financial Times headline, which pertained to 2008’s Great Recession, into the coinbase of his/her brainchild’s first-ever block. Related Reading: Would McAfee’s Revelation of Satoshi Nakamoto Affect Bitcoin Prices? But over the years, the underlying value proposition of Bitcoin has Read more …

American software security firm Symantec found a spike in a new crypto mining malware that  mainly targets enterprises, TechCrunch reports on April 25. The new cryptojacking malware, dubbed Beapy, uses the leaked United States National Security Agency (NSA) hacking tools to spread throughout corporate networks to generate big sums of money from a large amount of computers, the report notes. First spotted in January 2019, Beapy reportedly surged to over 12,000 unique infection across 732 organizations since March, with more Read more …

Popular payments platform Wirex has revealed plans to launch 26 stablecoins on the Stellar blockchain network. Wirex to Create Stablecoins Backed by Major Fiats The firm made this known in a recent announcement. There, it was noted that these stablecoins will be backed by several FIATS currency. The following FIATS were listed in the announcement: the Euro, the British pound, the U.S. dollar, Hong Kong dollar and the Singapore dollar. Wirex, which is a U.K based firm licensed by the Read more …

By CCN.com: Privacy-focused browser Brave has launched its ad platform, as its native token, BAT, gains 220% in since the turn of the year. Brave Ads allows users to earn rewards by opting-in to watch ads, and blocking advertising they don’t want to see. It’s an attempt to disrupt the current model and upset the $600 billion-plus ads market, and it might just work. A pop-up ad on Brave’s ad platform, bottom-right. | Source: Brave Rewards Users can earn 70% Read more …

On April 21, it was revealed that JPMorgan Chase (JPM), the United States’ largest bank with over $2.62 trillion in assets, is planning to widen the use of its blockchain system. Specifically, JPM is adding new features to its Interbank Information Network (IIN), which is now used by more than 220 banks across the globe. With the JPM Coin launched earlier this year, it seems that the U.S. financial institution is increasingly betting on blockchain, pushing crypto closer to mainstream Read more …

18-year-old Colombian-American rapper Lil Pump (real name Gazzy García) just made a key move to increase awareness by accepting payments in Bitcoin. Fans Can Buy Lil Pump Products with Bitcoin While much of the music industry and crypto community (including Lil Pump) continue to mourn the passing of Nipsey Hussle, a Hip Hop star proactive in the cryptocurrency industry, the next generation is picking up the torch. Rip Nipsey — Lil pump (@lilpump) April 1, 2019 Lil Pump may be Read more …

Chicago-based cryptocurrency exchange EriX is reportedly about to launch its spot trading service, industry news outlet The Block reports on April 24. Per the report, the exchange has recently been in test mode with some financial firms that would potentially become users. One of those firms is reportedly United States retail brokerage TD Ameritrade, which announced that it invested in ErisX in October of last year. The platform reportedly aims to host spot crypto and crypto derivative trading later this Read more …

Japanese online broker Monex Group is planning to start trading in their United States cryptocurrency exchange in July, CEO Oki Matsumoto said on April 25, according to Cointelegraph Japan. The spin-off, currently dubbed TradeStation Crypto, would serve semi-professional traders and seeks to shore up profitability for Monex’s cryptocurrency offerings. Reuters also noted today that Monex had a loss of over $15 million on its crypto operations in 2018. The figure, part of financial performance data released this week, stems from Read more …