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'Locked-Out' Users Sue Coinbase For North of USD 5M
9.6.2021
Source: A screenshot, Instagram, Coinbase
Six Coinbase users are taking the crypto exchange giant to court to seek more than USD 5m in compensation for themselves and other users who were allegedly locked out of their accounts for several months or longer at a time.
According to a complaint filed...
El Salvador Bitcoin Law Making BTC Legal Tender Passes With Supermajority
9.6.2021
The bill to make bitcoin legal tender in El Salvador has been approved by a supermajority in the Salvadoran Congress. “The purpose of this law is to regulate bitcoin as unrestricted legal tender with liberating power, unlimited in any transaction, and to any title that public or private...
Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holdings Soar 170%
9.6.2021
The Nasdaq-listed cryptocurrency exchange Coinbase has revealed record growth in its institutional business. “This year, interest from pension funds and hedge funds has skyrocketed, supported by the roll-out of crypto-ETPs as well as an increased understanding of the crypto economy,”...
New Transformers Cyberverse Figures Roll Out, Then Transform
8.6.2021
Hasbro’s new Roll N’ Change Bumblebee and Optimus Prime, announced today for release in September, perfectly illustrate the difference between Transformers’ collector and kids lines. Look at how much fun commercial actor lad is having. You don’t get that from collecting expensive high-end figures....
Celebrating Upland’s Genesis Week With a Big Bitcoin Giveaway
8.6.2021
Upland.me is a blockchain-based game in which users can buy, sell, and trade virtual NFT properties mapped to the real world. By becoming a digital landowner, users can build properties, earn UPX coins, and even cash out their gains to USD. Currently open in cities including NYC, San Francisco...
Kenyan Banks Warn Clients Against Crypto Trading
8.6.2021
A few Kenyan banks have started sending out warning alerts to clients engaged in cryptocurrency trading to be wary of the associated risks. These warnings have reportedly been sent to clients who have “used their credit and debit cards to buy cryptocurrencies on crypto exchanges.”...
Ruffer Cashes Out, Bitfinex & Hodl Hodl, Trump on Bitcoin + More News
7.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news
UK-based Ruffer Investment Company made more than USD 1.1bn from investing in bitcoin (BTC) in November last year, The Times...
US Senators Call for Increased Measures to Regulate and Trace Cryptocurrencies
7.6.2021
Two U.S. senators have urged lawmakers to increase measures to regulate cryptocurrencies, including how to trace cryptocurrency transactions, in order to combat ransomware attacks. “We haven’t figured out in the country or in the world how to trace cryptocurrency,” one senator...
Bitcoin.com Games Player Gets Lucky Big Time, Wins 5 BTC on Popular Online Slot
7.6.2021
Player cashes out approximately $180,000 after winning it on Sun of Fortune: Hold the Jackpot! Multiple Wins Result in a Total Bank of Over 5 BTC The weather was perfect, with just enough sunshine to warm up one lucky player starting a gaming session on the newly released game, Sun of Fortune: Hold...
Out of Thousands of MIT Students That Got Free Bitcoin in 2014 – 6 Year Holders Saw 13,000% Gains
7.6.2021
Over six years ago, at the Massachusetts Institute of Technology (MIT), a couple of scholars distributed $100 in bitcoin to 3,100 students. According to testimony from a few participants who held the leading crypto asset since then, the students netted 13,000% in profit. MIT Grad Who Made 13,000%:...
London wealth manager cashes out $1B profit from $600M BTC buy in November
7.6.2021
After profiting $1 billion in less than six months, Ruffer is open to making more Bitcoin trades in the future
Square Takes a Swipe at the Bitcoin Energy Debate With $5 Million Solar Mining Investment
6.6.2021
As the conversation about Bitcoin’s energy consumption reaches a fever pitch, Jack Dorsey’s payment provider Square has unveiled plans to fund a sustainable bitcoin mining facility in conjunction with Blockstream. Mining Project to Serve as Scalable Proof of Concept Bitcoin faces...
Shanghai to Hand Out $3 Million in Digital Yuan Lottery
6.6.2021
As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital money will be dispersed through a lottery, a method that has already been implemented elsewhere...
Miami Mayor Confident Crypto Regulatory Issues Will Be Resolved — Says ‘Buy the Dip’
6.6.2021
The mayor of the U.S. city of Miami, Francis Suarez, explains how he plans to make his city the capital of bitcoin. He believes that issues surrounding cryptocurrency “will work themselves out,” adding that “in the end, there is only one thing to do: buy the dip.” Miami...
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4.6.2021
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69,000 Potentially out of Pocket in Alleged South Korean Exchange Scam
4.6.2021
Far more South Korean investors than previously thought appear to have been sucked into an alleged crypto scam revolving around the V Global crypto exchange.
As reported last month, police said that “mainly pensioners and housewives” had been the victims of the suspected fraud. Officers in Seoul...
Don’t Miss Out on VPN Unlimited When Crypto Trading. Here’s Why...
4.6.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Cryptocurrency is quite volatile, and every new day shows us coins hitting new peaks and bottoms. The volatile factor is attracting more and more traders towards making profits out of these price...
Ron Paul Wants Bitcoin Totally Legalized to Compete With Dollar and Let the People Decide
3.6.2021
Former U.S. congressman Ron Paul says that he wants to legalize the dollar’s competition, including bitcoin, and let the people decide which money to use, not the government. “Freedom of choice will sort it out,” he said. Ron Paul Wants to Legalize Bitcoin as Money to Compete With...
Asset Manager Sees Bitcoin Price Bottoming out — Says Market Is Mispricing BTC
3.6.2021
Fund manager Brian Kelly says that the market is mispricing bitcoin and “when bitcoin gets that mispriced it is the sign of the bottom.” He sees a string of “all positive things” that are reflected in the pricing of the cryptocurrency. Asset Manager Brian Kelly Says Market...
Bonsai bonanza as Zenft studio sells out $2 million NFT drop in one hour
2.6.2021
The digital trees are a smash hit amid a demand drought for NFT projects