Month: February 2022

The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years The U.S. Department of Justice (DOJ) announced Friday that the founder of the global crypto fraud scheme Bitconnect has been charged. “Bitconnect is an alleged fraudulent cryptocurrency investment platform that reached a Read more …

U.S. Senator Ted Cruz says one of the reasons he is so bullish on bitcoin is because it is decentralized and not controllable. He added that “China recently banned bitcoin because they can’t control it, which is the exact same reason Elizabeth Warren hates bitcoin.” US Senator Bullish on Bitcoin U.S. Senator Ted Cruz from Texas spoke favorably about bitcoin at the Conservative Political Action Conference (CPAC) Thursday. Launched in 1974, CPAC “is the largest and most influential gathering of Read more …

Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for crypto will fall and regulatory risk will rise.” Crypto Faces Regulatory Risks if Used by Russia to Evade Sanctions Amid growing talk of banning Russia from the SWIFT global interbank payments system after its invasion of Ukraine, some analysts have warned that Russian President Vladimir Putin Read more …

An executive at Goldman Sachs is joining Coinbase after 16 years at the global investment bank. “It’s time to embrace the crypto economy,” he said, adding that the change is a “once in a lifetime opportunity to be part of building the next stage of the digital evolution.” From Goldman Sachs to Coinbase Roger Bartlett is leaving global investment bank Goldman Sachs to join crypto exchange Coinbase. At Goldman Sachs, he was a managing director and global co-head of operations Read more …

press release PRESS RELEASE. Leading personal financial services’ evaluator, the Ascent, named KuCoin crypto exchange the best cryptocurrency app of 2022. The Ascent is a flagship product of world-renowned private financial and investing advice company, The Motley Fool. Ascent rated KuCoin Exchange based on factors like fees, selection of coins, customer reviews, KYC rules, security features and wallet availability. Accolades from organizations such as the Ascent or Forbes—which named KuCoin Exchange one of the best cryptocurrency exchanges last year—reflect the Read more …

Decoupling Exploitation From Gain: How Bitcoin Ends Injustice And The Importance of Orange-Pilling The Activist Community Tens of millions of people in the United States consider themselves activist- and social justice- minded; individuals engaged in some form of work that is either directly or tangentially focused upon political/social change. Indeed, according to Gallup, some 40% of Americans see themselves as environmentalists. And a recent Case Foundation study (2017) reveals close to 1 in 5 millennials identify as activists in one Read more …

The fear of missing out (FOMO) was at its peak as the price for Bitcoin rose above $40,000. The cryptocurrency started a nervous weekend at around $39,000 on Feb 26 after a one-day spike briefly noticed USD 40,000 return to fame just a day ago. After a day of high volatility, Bitcoin was relatively calm on Saturday. After trading as high at $40,330 over at Bitstamp, there are now signs that the market may be stabilizing for good this time Read more …

After Ukraine’s central bank imposed a limit on cash withdrawals, Kuna, a cryptocurrency exchange that provides trades in ruble and hryvnia saw a notable surge in volume. Moreover, to this day, crypto-assets being swapped on Kuna such as bitcoin, tether, and ethereum are trading for a significant premium. Crypto in Ukraine Sees Premiums The ongoing conflict continues in Ukraine after Russian troops invaded the territory. The United Nations (UN) estimates that roughly 100,000 Ukrainian citizens have fled the country during Read more …

Why Choose A Bitcoin Standard? I have been involved in cryptocurrency for a few years now, dedicating my time and effort to educating people about the fundamentals and global benefits. I run a podcast (“The Crypto Standard”) educating listeners in a fun and understandable way. So why have I picked a bitcoin standard over any other cryptocurrency out there? The answer is simple — nothing comes close to bitcoin in terms of a store of value that is durable, portable, Read more …

You go to sleep one day and wake up the next to find your country is under attack by a foreign power, bombs are falling from the sky in major cities targeting military and critical infrastructure and foreign troops are moving in from all directions. It’s difficult to understand the fear that someone would experience in such a situation, but that is exactly what millions of Ukrainian citizens have been feeling over the past few days. As of February 24, Read more …

Contrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels, they claim. Bitcoin Mining Allegedly Less Green Since Miners’ Exodus From China Cryptocurrency mining has become a dirtier process after the Chinese government effectively prohibited bitcoin extraction in the People’s Republic, according to research published in the Joule journal. The share of Read more …

Trader Nicholas Merten called the metaverse sector the most promising direction of the crypto market in 2022. According to the analyst, altcoins from this sector have been the leaders in terms of returns for the past few months. Metaverse tokens will be able to show similar dynamics in the next year, Merten believes. The concept of metaverse has been around for a long time, but before its popularity was hindered by two factors: a weak technological base and distrust of Read more …