Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme – Regulation Bitcoin News

Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme Authorities in China’s Rong County, Zigong City, recently prosecuted eight people accused of orchestrating the MDC virtual currency pyramid scheme, a local report has said. According to the report, the prosecution of the case was Read more …

Algoracle Announces $1․5 Million Seed Round – Press release Bitcoin News

press release PRESS RELEASE. Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network. Algoracle’s seed round was led by Borderless Capital, with major contributions from the Algorand Foundation, Valhalla Capital, and Big Brain Holdings, and rounded out by strategic investors Xpand Capital, Parea Capital, OrcaDAO, GMI Capital, and EXA Finance. Thanks to the support provided by all of these organizations, the seed Read more …

Internet Service Company Cloudflare to Run Ethereum Validator Nodes as Part of Its Web3 Focus – Bitcoin News

Cloudflare, an internet services and DDoS protection company, has announced a new strategy regarding its Web3 experiments. The company revealed it will run Ethereum validator nodes as part of its commitment to help to scale the internet by using proof-of-stake (PoS) consensus technologies. This will ostensibly allow the company to access the energy efficiency and consistency of this technology. Cloudflare to Enter Crypto via Ethereum Cloudflare, one of the leading content delivery and DDoS mitigation companies, announced a Read more …

Welcome to Metaplanets NFT game!

Are you looking for something new and amazing in the world of online entertainment? Here is represented one of the greatest possible solutions for you. Metamask is ready to give you an unforgettable experience and the total pleasure of gaming with its novel product. Just try and get it! History and Basics of This Option METAPLANE is the NFT game for earning tokens. It was created to open the most amazing experience for gamers and the possibility to take part Read more …

DOJ Files First Criminal Complaint Against US Citizen Allegedly Using Cryptocurrency to Evade Sanctions – Featured Bitcoin News

The Department of Justice (DOJ) has filed its first criminal complaint against an American who allegedly used cryptocurrency to circumvent U.S. sanctions. “The payments platform advertised its services as designed to evade U.S. sanctions, including through purportedly untraceable virtual currency transactions.” DOJ Charges US Citizen in Crypto Sanctions Evasion Case The U.S. Justice Department has filed its first criminal complaint against a U.S. citizen who allegedly tried to evade American sanctions using cryptocurrency, according to a judicial opinion document filed Read more …

Bitcoin Gives Users Total Control Of Their Money

The below is a direct excerpt of Marty’s Bent Issue #1210: “Bitcoin gives you control. That’s the fundamental value.” Sign up for the newsletter here. (Source) We’re at the part of the bitcoin bear cycle where those in the mainstream who have derided the new monetary asset running on its own distributed network as nothing more than a ponzi for degenerate speculators and drug addicts are coming out of the woodwork to claim victory. If you’ve been paying attention to Read more …

US Economy Is Probably in Recession That Could Last 18 Months — Warns It ‘Will Get Worse’ – Economics Bitcoin News

Tesla and Spacex CEO Elon Musk says that the U.S. economy is probably in a recession and it could be “tough going” for 12 to 18 months. He added: “The honest reason for inflation is that the government printed a zillion more money than it had.” Elon Musk on U.S. Recession and Inflation Elon Musk, the CEO of Tesla and Spacex, talked about the U.S. economy on the All-In podcast, published Monday. Commenting on whether the U.S. economy is in Read more …

African Nations Resisting Bitcoin Only Delay The Inevitable

There are two forward-looking countries on Earth when it comes to Bitcoin: El Salvador and the Central African Republic. These two very different countries on different sides of the globe have both come to the same conclusion: Bitcoin is the best money ever invented and embracing it early will be beneficial both for the people of the adopting nation and to the benefit and preservation of the concept of the nation-state itself. There are other countries on the other hand, Read more …

South Korea Launches ‘Emergency’ Investigation Into Collapse of LUNA and UST – Regulation Bitcoin News

South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins. South Korea’s Emergency Investigation Into LUNA, UST South Korea has launched an “emergency” investigation of domestic crypto exchange operators following the collapse of the terrausd stablecoin (UST) and terra (LUNA) cryptocurrency, Yonhap News reported Tuesday, citing unnamed sources. Last week, UST lost Read more …

Dr Jordan Peterson Bitcoin 2022 Blessing

A group of 700 Bitcoiners came together in Miami on the last evening of Bitcoin 2022 for a special “spiritual” gathering and to hear Dr. Jordan Peterson, the internationally-acclaimed psychologist and author of the bestselling “12 Rules for Life” talk about bitcoin and spirituality. Peterson is a favorite in the Bitcoin community and was “one of the most anticipated keynote speakers at Bitcoin 2022,” according to one review. “Much of the Bitcoin community already has an ideological intersection with Peterson,” Read more …

Amid Mining Bans, China Still Commands World’s Second-Largest Share of Bitcoin Hashrate – Mining Bitcoin News

New data stemming from the latest Cambridge Centre for Alternative Finance (CCAF) report on bitcoin mining indicates that China still holds the second position in terms of global hashrate. While China commands close to 22% of Bitcoin’s global hashrate, the United States currently dominates with 37.69%, according to CCAF researchers. China Is Still the World’s Second-Largest Concentration of Bitcoin Miners The Cambridge Centre for Alternative Finance updated the organization’s bitcoin mining data and map in order to highlight 2022 hashrate Read more …

Terra Community Plans to Vote on Forking the Chain — Launch May Airdrop a Billion New Tokens to Network Participants – Bitcoin News

Following the aftermath of Terra’s UST implosion, the blockchain project’s founder Do Kwon has been actively discussing the Terra ecosystem revival plans and one specific proposal will be voted on May 18. The plan is to fork the blockchain into a new chain that does not include an algorithmic stablecoin, and the newly minted tokens from the network will be airdropped to Terra ecosystem participants and holders. Terra Community Members Plan to Vote on a Fork Proposal to Revive the Read more …