Bitcoin on Sunday dropped 1.54 percent to $19,804, slipping from the 20,000 mark after losing $310 from its previous close. The world’s biggest and best-known cryptocurrency is down 58.9 percent from the year’s high of $48,234 on March 28. Ether, the coin linked to the Ethereum blockchain network, dropped 3.2 percent to $1,422.1 on Sunday,…
Bitcoin Dips Below $20,000
August 27, 2022
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Bitcoin dipped below $20,000 on Saturday, continuing a drop that has taken it down nearly 60 percent from its year high. Bitcoin, the world’s biggest and best-known cryptocurrency, was last down 1.5 percent at $19,946 on Saturday, down $298 from its previous close. It is down 58.7 percent from the year’s high of $48,234 hit…
Three Things That Could Kill Crypto
August 26, 2022
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Following the drubbing of the crypto markets in June 2022, with Bitcoin and Ethereum prices down nearly 75 percent and 82 percent, respectively, from their all-time highs, many market observers predicted the early death of the crypto industry. Crypto detractors, including regulators and vested interests in the legacy financial system, each used the rout as…
Doctor Paid $60,000 Worth of Bitcoin to Kidnap His Wife; How He Tried to Remain Anonymous
A 55-year-old former neonatologist from Spokane, Washington, has confessed to paying $60,000 worth of Bitcoin to kidnap his estranged wife. According to federal prosecutors, Ronald Ilg intended to kidnap and inject his wife with substances, so she would drop divorce proceedings. Not only that, it’s alleged that he paid multiple assassins on the Dark Web to cause…
Supreme Court Refuses to Put on Hold Lawsuits Against Crypto Giant Coinbase
The Supreme Court refused emergency applications from Coinbase, a major online cryptocurrency exchange, to stay two class-action lawsuits pending against the company. Coinbase had asked the court to put two lawsuits filed by former users on hold, arguing that not to do so would cause the company irreparable harm. The U.S. Court of Appeals for…
Californians Can Soon Donate Cryptocurrency to Political Campaigns
July 25, 2022
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Californians will soon be able to donate to political campaigns using digital money, after a July 21 vote by the state’s Fair Political Practices Commission. Citing concerns about traceability, the state banned cryptocurrency donations four years ago. When presenting the proposal to repeal the ban to the commission, General Counsel David Bainbridge said new safeguards…
California to Allow Cryptocurrency Donations to Political Campaigns
July 25, 2022
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Californians will soon be able to donate to political campaigns using digital money, after a July 21 vote by the state’s Fair Political Practices Commission. Citing concerns about traceability, the state banned cryptocurrency donations four years ago. When presenting the proposal to repeal the ban to the commission, General Counsel David Bainbridge said new safeguards…
Man Hatches Plan Using Robot Dogs, AI to Find $181 Million in Bitcoin Accidentally Thrown in Garbage Dump
A man who accidentally threw away a hard drive containing 8,000 Bitcoins has hatched an $11 million plan to get them back again with the help of artificial intelligence (AI). James Howells, from the city of Newport, in southern Wales, unintentionally threw the hard drive containing the Bitcoins in a garbage bin back in 2013, and has been desperately searching…
Fake Crypto Apps Scammed Investors out of Over $42 Million, FBI Says
July 22, 2022
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The FBI issued a warning to U.S. investors and financial institutions about cyber criminals targeting cryptocurrency markets with fraudulent schemes, resulting in hundreds of people losing millions of dollars in these activities. “The FBI has observed cyber criminals contacting U.S. investors, fraudulently claiming to offer legitimate cryptocurrency investment services, and convincing investors to download fraudulent…
Feds: 1st Cryptocurrency Insider Trading Case Snares 3
NEW YORK—A former Coinbase product manager and his brother, along with a Houston man, were charged Thursday in what federal authorities described as the U.S. government’s first cryptocurrency insider trading case. The brothers—Ishan Wahi and Nikhil Wahi—were arrested while the Houston man, Sameer Ramani, remained at large, federal authorities said as they announced the unsealing…
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