Bitcoin Trader Sentenced To One Year In Prison

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The United States Department of Justice announced that Theresa Lynn Tetley, famous by the name Bitcoin Maven, received a 1-year jail term in federal prison. According to the announcement by the department, “‘Bitcoin Maven,’ who admitted to operating an unlicensed bitcoin-for-cash exchange business and laundering bitcoin that was represented to be proceeds of narcotics activity, … Continue reading “Bitcoin Trader Sentenced To One Year In Prison”

Canaan Creative, a Bitcoin Mining Rig Maker files for $1 Billion IPO

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Canaan Creative applied an initial public offering application in Hong Kong that could raise around $1 billion. The company is the second-biggest manufacturer if of Bitcoin mining hardware. Canaan Creative plans to get to get listed as soon as July, a spokesperson stated who didn’t want to reveal his identity. According to a report from … Continue reading “Canaan Creative, a Bitcoin Mining Rig Maker files for $1 Billion IPO”

Xapo is storing 7% of the world’s Bitcoins

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Xapos is storing around $10 billion worth of Bitcoins, it is about 7 %of the total supply of the world Bitcoins, in highly secured vaults. Xapo’s primary business is a storage company that stores Bitcoins, with a combination of Bitcoin-based debit card and cold storage vault. Xapo’s is based out of Hong Kong and has … Continue reading “Xapo is storing 7% of the world’s Bitcoins”

The most secure place to put your money is ‘Bitcoin’ Says Tim Draper

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Tim Draper, the founder of Draper Fisher Jurvetson (DJF) and also an American venture capitalist, told the host at CNBC’s “Closing Bell” that Bitcoin is the best place to put your money. Bitcoin is better than Fiat currency. Tim Draper loves Bitcoin and the technology behind it and on Thursday, Tim took the opportunity to … Continue reading “The most secure place to put your money is ‘Bitcoin’ Says Tim Draper”

Bitcoin Falls below $9,000 after a raid at Upbit

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Up until now, bitcoin was on course to take a two row above the $9000 mark. On 11th May 2018, Bitcoin broke its streak after South Korean prosecutors raided Upbit’s office, one of the largest crypto exchanges in the world. This could raise a lot of concerns in the cryptocurrency community and dampen enthusiasm for … Continue reading “Bitcoin Falls below $9,000 after a raid at Upbit”

BTC.com and Huawei team up to launch cryptocurrency wallet application

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Huawei, a Chinese smartphone maker, and telecom company have partnered with BTC.com to roll out a cryptocurrency mobile application for the company’s proprietary app store. Bitmain owns BTC.com, a cryptocurrency mining hardware manufacturer which also mines cryptocurrency while providing a digital wallet service. The new wallet will appear on Huawei’s app store called AppGallery which … Continue reading “BTC.com and Huawei team up to launch cryptocurrency wallet application”

Tyler Winklevoss challenged Bill Gates to live up to his word to short Bitcoin

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Bill Gates said he would short Bitcoin if it was possible, the Microsoft co-founder was challenged by Tyler Winklevoss to put his money where his mouth is. Bitcoin has always been criticized by big names and that’s nothing new. After Warren Buffet, Jamie Dimon and now Bill Gates.    On CNBC’s Squawk Box he stated … Continue reading “Tyler Winklevoss challenged Bill Gates to live up to his word to short Bitcoin”

A Chinese Investor buys 10,000 Bitcoin during the first quarter of 2018

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Cai Wensheng, a Chinese Angel Investor in an interview Wang Feng, a tech entrepreneur said he had reached his goal of holding 10,000 Bitcoins. Cai Wensheng is the founder Meitu a Selfie touch-up application which is super popular in China and has a net worth of around 1.5 Billion. Sina Finance reported in an interview … Continue reading “A Chinese Investor buys 10,000 Bitcoin during the first quarter of 2018”

Betting with cryptocurrencies rises at the most famous US horse race

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The Kentucky Derby one of the most famous US horse race has seen a significant surge in cryptocurrency bets. The benefits of cryptocurrencies are that there no fees and more frequent withdrawals.   Cryptocurrency a rising trend in betting US Racing an international online horse racing news service reported on 5th May 2018, the day the … Continue reading “Betting with cryptocurrencies rises at the most famous US horse race”

Charlie Shrem says, “its the last time bitcoin will cost under $10,000”

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Charlie Shrem, the founder of Bitcoin foundation believes that May 2018 will the last time Bitcoin would be less than $10,000 Charlie Shrem tweeted on 3rd May 2018 claiming that the month of May would be the last time Bitcoin would be less than $10,000. He has returned to the cryptocurrency industry to propagate the … Continue reading “Charlie Shrem says, “its the last time bitcoin will cost under $10,000””