Previously convicted lobbyist Jack Abramoff has pleaded guilty to knowingly promoting an alleged crypto fraud with false and misleading information. Source link
Crypto
158 posts
Evertas, an insurance provider focused on the cryptocurrency space, has raised $2.8 million in a seed round led by Morgan Creek. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is […]
Binance announced the rollout of its crypto debit card, the U.K.’s central bank is thinking hard about a digital currency and the taxman cometh. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe […]
Vitalik Buterin’s quadratic funding notes raised 40 ETH for an open-source grant program. He and others are auctioning off NFTs on Cryptograph for charity. Source link
A 29-year-old Texas man is in A-1 trouble after being charged Monday with siphoning nearly $1 million in Payment Protection Program loans meant for a barbecue company into a cryptocurrency trading account. Read the unsealed criminal complaint below: Disclosure The leader in blockchain news, CoinDesk is a media outlet that […]
PayPal had previously declined to say whether it had any designs in the crypto space; the letter from early March appears to confirm it. Source link
Users in Europe will be able to apply for the Binance Card from August, those in U.K. will be able to do so shortly afterwards. Source link
Kirk Phillips is an entrepreneur, certified public accountant (CPA) and author of “The Ultimate Bitcoin Business Guide: For Entrepreneurs & Business Advisors.” You need to be nimble to be a crypto tax professional. As the industry has evolved over the last few years, there have been many technology changes, and […]
Cryptocurrency users in the U.S. remember July 26, 2019, as the day the Internal Revenue Service (IRS) came out swinging. It now turns out the agency may have been hitting below the belt. That day, for the first time in its history, the IRS demanded thousands of virtual currency-holding taxpayers […]
Crypto financial app Abra has settled charges from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) relating to its offering of swaps deemed unlawful by the regulators. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and […]
An index of 50 low-capitalization cryptocurrencies, the so-called Shitcoin Index, is up 114% so far this year. Launched in 2019 by FTX, the index was trading at an all-time high of $1,065 Monday after making all-time highs for the past three consecutive trading days. Disclosure The leader in blockchain news, […]
As Filecoin inches closer to a blockchain mainnet launch – after several delays since its $200 million raise in 2017 – investors in China are again speculating heavily on the network’s mining hardware and its token prices. Since Protocol Labs, the foundation behind Filecoin, released a “Testnet Incentives” program on […]
This week saw a 125% rise in the price of dogecoin, a cryptocurrency based on a popular 2013 internet meme, created in the same year as both a parody and a “let’s see if this sticks” experiment. Much to even the founder’s surprise, it has not only survived, it has […]
Cryptocurrency scams continue to appear on YouTube, misusing content from influential people in the space and stealing from the gullible. Source link
Over the past two years, many bitcoin believers donated cryptocurrency to initiatives in Venezuela, often holding up the small nation as the pinnacle example of the technology’s potential. The truth on the ground is much more nuanced. The fintech startup AirTM distributed roughly $300,000 worth of cryptocurrency donations to 60,829 […]
Binance Labs, the incubation and seed funding arm of the world’s largest crypto exchange, has made its first investment this year, backing decentralized privacy startup HOPR. Announced Thursday, Binance Labs led a $1 million seed round in HOPR, which also saw investment from Focus Labs, Spark Digital Capital, Caballeros Capital […]
Chinese police have seized over $15 million in crypto and supercars worth $2 million from the alleged operators of a novel scam that sold counterfeit tokens. In an article published Thursday, China’s Ministry of Public Security, which oversees the country’s police forces, said police in the city of Wenzhou has […]
U.S. sanctions in response to Hong Kong’s national security law – and Beijing’s tighter grip over the city’s financial system – could pose challenges for local crypto brokerage firms. The U.S. Senate passed the Hong Kong Autonomy Act on Thursday to penalize China for eroding Hong Kong’s autonomy. The bill […]
Bitcoin’s notorious volatility has practically disappeared during the most-recent phase of the coronavirus-induced economic crisis – and that’s now taking a toll on trading volumes at cryptocurrency exchanges around the world. For more than two months, bitcoin has stayed in a range between roughly $8,500 and $10,200, an astonishing stretch […]
The Financial Action Task Force (FATF), whose advice is heeded by more than 200 countries, will meet in October to discuss ways to create a stronger global framework for the regulation of cryptocurrencies. UPDATE (July 7, 16:55): This article has been updated to include comment from Siân Jones. Disclosure The […]
Wintermute, an algorithmic liquidity provider, has received a $2.8 million investment from the prominent early-stage firm Lightspeed Venture Partners. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent […]
Crypto exchange volumes could continue falling should volatility remain at these low levels, said CryptoCompare CEO Charles Hayter. Source link
The government wants to “eliminate the confusion of cryptocurrency activists” with its call for mass mining registration. Source link
A London-based subsidiary of cryptocurrency exchange Kraken has been given consent to operate its derivatives platform by the U.K.’s financial regulator. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is […]