A former stock broker has already been charged with wire fraud and money laundering. A group of investors is targeting his company’s co-founders, too. Another alleged crypto trading scam is in the books. This one involves a stock trader, a financial advisor, a surgeon, and an enterprise called Q3 I LP. Michael Read more…
Bitcoin shoots back above $7000 jumping a chunky 7% The price via the 60-minute chart view had been narrowing for most of the day, trading conditions were very much tight. Given the price behaviour is was prone to a breakout, having formed a bullish pennant structure. Market bulls were able Read more…
The largest country in Africa, Nigeria, is becoming savvier in the crypto sphere by the day. It recently launched its first Bitcoin ATM, which is also the fifteenth in the entire continent. Blockstale BTM installs ATM The ATM was installed in the Dazey Lounge and Bar in the state of Lagos Read more…
Many industry experts hold varied expectations for Bitcoin’s price following the block reward halving in May, proving 2020 is anything but mundane. “On both prior occasions, Bitcoin surged to a new all-time high within 12 months, with the latest coming in December 2017 when the price reached about $20,000, which Read more…
With most asset classes hurting during the coronavirus pandemic, one cryptocurrency has emerged as the biggest winner in that sector: The token known as Tether. While crypto bellwether Bitcoin’s market capitalization has shrunk 37% since mid-February, Tether’s increased by 38%, or nearly $2 billion, according to researcher Messari. For years, Tether’s most Read more…
French central bank will conduct a series of tests to discover benefits and use cases for Central Bank Digital Currencies. France’s central bank has announced its plans to launch an experimental program to test a digital euro in settlement procedures. Qualified institutions are also invited to participate. According to the Read more…
With governments printing new money at will, Revolut has recognized Bitcoin as an alternative and expanded its crypto offering. UK challenger bank Revolut has expanded its cryptocurrency offering to all of its users as an alternative to government-backed fiat currencies. As governments around the world push stimulus packages, including the printing Read more…
The Financial Action Task Force (FATF) has reevaluated the United States on its compliance with global anti-money laundering (AML) and counter-terrorist financing (CFT) regulations. According to the report published on March 31, the U.S. is only “largely compliant” with FATF regulations on cryptocurrencies and virtual assets. The assessment considered the degree of compliance of Read more…
Shuttered shops. Empty streets. Scant traffic. The world’s financial centers are increasingly looking like ghost cities. The world’s financial markets, on the other hand, are a frenzy of activity as dealers and traders try to ride the wild swings each headline and sentiment shift brings. Yet, even though almost all trading Read more…
The current global crisis is good for crypto as it shows the dysfunctionality of the existing system, according to Marcus Swanepoel, co-founder and CEO of crypto exchange Luno. However, in case of a global recession, this nascent industry might be hit hard too, he warned. Crypto was born out of a Read more…