FUD: Fear, Uncertainty, and Doubt

Posted on Categories Banking, Bitcoin, Business, Cryptocurrency, Exchanges, General, Guide, ICO, Law, Mining, News, Regulations, Technology, Uncategorized, WalletTags , , , , , , , , Leave a comment on FUD: Fear, Uncertainty, and Doubt

The cryptocurrency market is a fairly new concept. The market is the result of a major technological innovation of this century in the financial sector. However, the concept of fear, uncertainty and doubt is old and precedes cryptocurrency by time immemorial. Shortened as FUD, fear, uncertainty and doubt are especially rampant in the crypto market … Continue reading “FUD: Fear, Uncertainty, and Doubt”

DOJ and CFTC Investigate Tether and Bitfinex

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Last May, the Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC) opened a general investigation into price manipulation. Bloomberg reported on Tuesday that they appear to be investigating Bitfinex and Tether (USDT) specifically. This isn’t the first such investigation into Bitfinex and Tether Ltd The CFTC subpoenaed both in December of 2017. There … Continue reading “DOJ and CFTC Investigate Tether and Bitfinex”

India’s Reserve Bank Schedules Two More Panels On Crypto

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In April, the Reserve Bank of India gave crypto exchanges three months’ notice to tie up their business with banks. Effectively, many exchanges, including India’s largest, Zebpay, had little choice but to shut down. Zebpay was India’s first Bitcoin (BTC) exchange. It had hundreds of thousands of users, a figure that was rapidly growing. Zebpay … Continue reading “India’s Reserve Bank Schedules Two More Panels On Crypto”

Arizona Man Pleads Guilty for First Crypto Crime in Illinois Courts

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Authorities charged an Arizona man with fraud against his former employer, as well as group of private investors. He used their crypto assets to gamble on investments and lost hundreds of thousands in the process. Joseph Kim, 24, is a graduate of the University of Chicago and former employee of Consolidated Trading LLC in the … Continue reading “Arizona Man Pleads Guilty for First Crypto Crime in Illinois Courts”

India May Soon Ban Cryptocurrencies Following Council Meeting

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India’s Financial Stability and Development Council (FSDC) recently met to discuss cryptocurrencies. The committee in charge proposed an additional ban that has many wondering whether owning coins would be legal at all. Last April, the Reserve Bank of India (RBI) surprised the crypto community when they banned any relationship between cryptocurrencies and banks This meant … Continue reading “India May Soon Ban Cryptocurrencies Following Council Meeting”

Blockchain: The Solution For Secure Transparent Voting?

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Blockchain has become quite popular in the recent months, due to its application in various industries. And with a new round of elections around the corner, the need for a transparent and secure voting system is apparent. To understand how blockchain is helpful in the process, we need to take a step back. While most … Continue reading “Blockchain: The Solution For Secure Transparent Voting?”

What You Should Know about Cryptocurrency Taxes Now

Posted on Categories Business, Cryptocurrency, Exchanges, General, Law, News, Regulations, Technology, UncategorizedTags , , , , Leave a comment on What You Should Know about Cryptocurrency Taxes Now

We’re still six months from having to file our taxes. But it’s never too early to start thinking about what you may, nor may not owe. Otherwise known as our “favorite time of the year,” it’s one of the life’s two certainties.  And while we may find taxes to be… ahem, taxing, we can’t avoid … Continue reading “What You Should Know about Cryptocurrency Taxes Now”

Floyd Mayweather Jr. and DJ Khaled Sued for Endorsing Centra Tech ICO

Posted on Categories Business, Cryptocurrency, ICO, Law, News, ScamTags , , , , , , , , , Leave a comment on Floyd Mayweather Jr. and DJ Khaled Sued for Endorsing Centra Tech ICO

Investors put millions into the fraudulent crypto startup Centra Tech. And now, they want their money back.  Not only are they suing the company behind it, but the celebrities who endorsed it. That includes boxer Floyd Mayweather Jr. and entertainment mogul DJ Khaled — reportedly being sued for their roles in an alleged illegal cryptocurrency … Continue reading “Floyd Mayweather Jr. and DJ Khaled Sued for Endorsing Centra Tech ICO”

Tether (USDT) Continues to Drop, More Tokens Pulled from Circulation

Posted on Categories Bitcoin, Business, Cryptocurrency, General, Law, News, Regulations, Technology, UncategorizedTags , , , , , Leave a comment on Tether (USDT) Continues to Drop, More Tokens Pulled from Circulation

The leading stablecoin Tether (USDT) continued to plummet by another 2.2 billion in the last 24 hours.  Additionally, another 250 million coins are out of circulation.  Customers continue to withdraw based on suspicion about whether the currency is actually fiat-backed.  Furthermore, the company still didn’t provide proof of this. Tether (USDT) does not reveal this … Continue reading “Tether (USDT) Continues to Drop, More Tokens Pulled from Circulation”

Blockchain-Based Digital Rights Management System Created by Sony

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One of the main issues in the Internet age is people not paying for digital content. Numerous platforms exist where customers can pay to watch their favorite television shows or listen to their favorite music. However, there are many more sites that illegally offer this content to people who don’t pay for the right. Digital … Continue reading “Blockchain-Based Digital Rights Management System Created by Sony”