Up to 200,000 BTC could be recovered from the Mt. Gox bitcoin exchange hack
Victims of the infamous Japanese bitcoin exchange hack in 2013, can now experience a tinge of hope, as Russian law firm ZP Legal, make a proposition on how they could facilitate the recovery of part of the lost bitcoins. An amount worth 200,000 BTC could be recovered, which is equivalent to the current $2 billion
Cryptocurrency Contributions for Congress Members as Elections Approach
Crypto for Congress, an educational initiative launched on October 5, has sent campaign contributions in Bitcoin (BTC) to all 535 congress members. Each member received a contribution of $50 in BTC to their campaign for the upcoming November 3rd elections.
A merger of a Staggering $18 Billion By Two Italian Rival Fintech Groups
The two groups, that is Nexi and SIA, have been the chief rivals over time within the Italian economy. However, this time they made a bold move to bury the hatchet and jointly meet their goals. The two companies have had similar visions all along, this time it wasn’t all about the thrill of beating each other, but by joining forces to reach the international threshold.
Bitcoin enthusiast? Here are Things to Look Out for this Week
After falling under $10,450 on October 2, Bitcoin’s (BTC) price has recovered over the weekend reaching above $10,700 by Tuesday, October 6. Various factors could affect BTC’s price action this week and we look at some of those here:
High risks of losses by retail consumers push FCA to ban trading in crypto-derivatives
The interim executive director of FCA, Sheldon Mills, made a speech regarding the ban of crypto-derivatives, that they potentially pose a high risk of huge losses to retail consumers due to the instances of cybercrime. Mills backed this up through a shred of supporting evidence from the previous instances of scams that retailers have faced.
A ray of hope for Bitcoin users due to potential plummet of fiat currencies
A potential fail in the fiat currencies is raising alarm to investors and businesses organizations that an alternative means is to be adopted to remain stable within the competitive economy. Continuous deflation is creeping up as the governments continue to print more money.
Bad News on Cryptocurrency’s Security, Regulation, and Knowledge Gaps
Bitcoin finishes the week up about 6%, still below $11,000 but above $10,000 having set a record of 63 days after which the protection of the digital coin is beginning to be considered boring by some traders.
Bitcoin Interest Spikes among Egyptians amid Covid-19 economic Crisis
Egyptian crypto community is opting this as an alternative to caution themselves against unemployment and hard economic time resulting from the Covid-19 pandemic.
What are the best technical indicators for day trading?
With over 6000 cryptocurrencies accumulating a whopping $366 trillion in market capitalisation, The crypto market is […]
How to deposit crypto to the ledger wallet?
As you jump into the crypto niche, the very first thing that most of the newbies […]
Pennsylvania Man Ordered to Pay $7.4 Million in Restitution for Bitcoin Fraud
J. Barry Thompson, the principal of Volantis Escrow Platform LLC has pled guilty to participating in a scheme to defraud his victims of millions of dollars. This announcement by the Department of Justice (DOJ) comes slightly over 2 years after the incident occurred.
Volantis’ Director Pleads Guilty in Multimillion-dollar Bitcoin Escrow Scam
Jon Thompson the owner of Volantis admitted to having committed a multimillion-dollar crypto fraud before Manhattan federal district court for failing to complete $3.25m and $7 transactions respectively to an unnamed customers