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Biden Slammed for Claiming US Economy Had 0% Inflation in July — One Lawmaker Calls It ‘Sad and Dangerous’
11.8.2022
President Joe Biden stated Wednesday that the U.S. economy had zero percent inflation in July following the latest CPI report. “Biden is claiming that we saw zero percent inflation last month. But there’s a zero percent chance that’s the case. Inflation in July was 8.5%, which...
Tech trade group calls for regulatory clarity, claiming crypto job losses threaten US interests
20.7.2022
“It’s time to move the crypto policy debate from "we need regulation" to 'what are the impacts of specific regulatory proposals?’” said Chamber of Progress
Over Half of This Year’s Financial Pyramids in Russia Involved Crypto, Bank of Russia Finds
17.7.2022
A majority of the financial pyramids identified in 2022 used cryptocurrencies in one way or another, Russia’s central bank announced in a new report. Amid Western sanctions, Russian scams have stepped up their activities, often claiming to be licensed by foreign authorities to offer access...
New Lawsuit Claims Solana Is Unregistered Security — ‘Investors Have Suffered Enormous Losses’
9.7.2022
A class-action lawsuit has been filed claiming that cryptocurrency solana (SOL) is an unregistered security under the Howey test. “The specific facts and circumstances relating to SOL securities support the conclusion that SOL is a security under the Howey test,” the plaintiff argued....
Kim Dotcom on the ‘Great Reset,’ Strong Russian Ruble Puzzles Economists, and More — Bitcoin.com News Week in Review
12.6.2022
This week, entrepreneur and activist Kim Dotcom said the “U.S. is beyond bankrupt,” and minced no words about a potential “controlled demolition of global markets.” Meanwhile, American economists are interested in the ruble’s strong performance in spite...
CFTC sues Gemini claiming the crypto exchange lied in futures contract evaluation
2.6.2022
The agency says the exchange gave false information in person and in documents in its 2017 bid to be among the first to offer Bitcoin futures contracts
Terrible crypto trader gets 42 months for fraud, claiming he was a total gun
12.5.2022
Jeremy Spence aka “Coin Signals” scammed around $5 million from 170 investors who were unaware their crypto was used to fund a Ponzi scheme
Lawsuit Claiming Steam Gives Valve Too Much Power Is Moving Forward After All
11.5.2022
A U.S. district judge has decided that an antitrust lawsuit against Valve over how it operates and uses the Steam platform can move forward. The company suing Valve, Wolfire Games, alleges that the Half-Life and Portal developer uses its digital storefront and its huge amount of control over the...
Former ConsenSys employees file for audit claiming 'serious irregularities'
3.3.2022
“Joseph Lubin is the majority shareholder of both companies. The transaction was to the detriment of the minority shareholders of CAG and to the benefit of Joseph Lubin personally,” the group alleged
Prime Minister Modi’s Twitter Account Hacked — Tweets Bitcoin Legal Tender in India, Government Giving Away BTC
12.12.2021
The Twitter account of Indian Prime Minister Narendra Modi was compromised and a tweet was posted claiming that the government of India has adopted bitcoin as legal tender and purchased 500 coins to distribute to all residents in the country. This hack came at a critical time in India as...
Onecoin Victims Petition Bulgaria for Seizure of Assets and Compensation
19.11.2021
A lawyer representing investors defrauded by the notorious crypto scam Onecoin has urged authorities in Bulgaria to act on the case, claiming that the “world’s largest pyramid scheme” is still operating from the country. In a petition with the Bulgarian Constitutional...
Bitfury Is Said To Be Valued 'In Billions' as IPO Rumors Reemerge
11.10.2021
ank" rel="noopener noreferrer" href="https://www.telegraph.co.uk/technology/2021/10/10/bitcoin-mining-giant-plots-billion-pound-float/">reported, claiming it has obtained information suggesting the offering could have a “price tag in the billions of pounds.”Bitfury, which is headquar
Taking Coins from Bugged Compound Contract: Illegal, Unethical or Perfectly Fine?
30.9.2021
analytics firm DeFiPrime, “claiming [COMP] from [the] bugged smart contract is illegal or unethical?”The replies range from both, to neither, and to “economically rational.” Many more it seems would
Angry Bukele: No Salaries or Pensions Will Be Paid in BTC, Critics are Lying
28.9.2021
tps://twitter.com/nayibbukele/status/1442687867617218560">lash out at critics who he claimed had “started again with” reports claiming that “wages will be paid in bitcoin.” But, he added: “A private company can offer the services it wants. This is a free country. But wage
Coinbase vs. ‘Sketchy’ SEC Case Reminds of Crypto Regulation Challenges
8.9.2021
on ice until October at the earliest.The company says that that SEC wants to “sue” it over concerns related to its Lend crypto lending features, claiming that the offering, which is to involve the dollar-pegged
MTI Investors Urged to Ignore Fake Bitcoin Recovery Offers
21.7.2021
Beleaguered Mirror Trading International (MTI) investors have been told to ignore unsolicited offers from individuals claiming to have the ability to trace and recover their missing bitcoins. This warning from the court-appointed liquidators was made after reports emerged that several MTI investors...
Korean Crypto Exchanges Consider Suing Government Over Banking Requirements
30.6.2021
All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law...
Africrypt Directors Deny Allegations They Fleeced Clients as Doubts Over Actual Value Missing Bitcoins Grows
27.6.2021
According to new reports, Raees and Ameer Cajee, the two young directors of the recently collapsed crypto investment firm, Africrypt, have “categorically denied” allegations they fleeced clients. Instead, the brothers insist their company is the victim of a hack while also claiming that...
Mastercard Blockchain-Supported Livestock Tracking System Launches in Zimbabwe
24.6.2021
E-Livestock Global, a venture-funded social enterprise, recently launched a blockchain-based livestock traceability system for Zimbabwean cattle farmers. The Mastercard “Provenance solution”-powered system, claiming to be the first of its kind in Africa, aims to bring “end-to-end...
Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit
31.5.2021
The Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital...