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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInBitcoin Believers Revel in Told-You-So Moment as Banks Crumble – Bloomberg
He drove a Budget moving van directly in front of the building’s entrance, so all could see the message plastered on the side: “BE YOUR OWN BANK,” it read, between a doctored image of Federal Reserve Chair Jerome Powell holding a “Buy Bitcoin” sign and the orange logo for the original cryptocurrency. A video of […]
Bitcoin Turns 14 But After Being Declared ‘Dead’ 467 Times — Here’s Tracking Its Journey – Benzinga
Today marks the 14th anniversary of Bitcoin – the world’s largest and most popular cryptocurrency. Since its mysterious creator Satoshi Nakamoto released a whitepaper outlining its potential back in 2009, there has been much debate and skepticism about its potential. Bitcoin has been declared “dead” a staggering 467 times since then. Bitcoin’s “death” can be […]
As bitcoin plummets, Miami vows to hold onto its crypto dreams – The Washington Post
When Miami Mayor Francis Suarez unveiled an 11-foot, 300-pound black fiberglass reproduction of the Wall Street bull last spring, he hailed it as a symbol of the city’s arrival as the “capital of crypto.” “Welcome to the future,” he said, calling for digital currencies like bitcoin to be “integrated into every aspect of society” before […]
Tim Draper predicts bitcoin will reach $250,000 despite FTX collapse
Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coin by the middle of 2023, even after a bruising year for the cryptocurrency marked by industry failures and sinking prices. Draper previously predicted that bitcoin would top $250,000 by the end of 2022, but in early November, at the Web Summit tech conference in […]
No One is Using Some Bitcoin ATMs in the Crypto Downturn – Bloomberg
Amherst County, Virginia, doesn’t have a hospital. It does have a Bitcoin ATM. It’s inside the Dogwood Express Market, a convenience store just down the road from the local used-car dealership. The machine lets people buy, receive and send Bitcoin, the largest cryptocurrency. Whether they choose to do so, however, is another matter. “I’ve never […]
U.S. Attorney Announces Historic $3.36 Billion Cryptocurrency Seizure And Conviction In Connection With Silk Road Dark Web Fraud | DOJ
U.S. Attorney Damian Williams said: “James Zhong committed wire fraud over a decade ago when he stole approximately 50,000 Bitcoin from Silk Road. For almost ten years, the whereabouts of this massive chunk of missing Bitcoin had ballooned into an over $3.3 billion mystery. Thanks to state-of-the-art cryptocurrency tracing and good old-fashioned police work, law […]
El Salvador’s Bitcoin ‘Revolution’ Is Failing Badly – Bloomberg
A year in, it’s clear the move is failing. Almost no one in the country is using Bitcoin, and the few who bought after Bukele made it legal tender would’ve lost big: Bitcoin has dropped 61% since September 2021. In a country where many live on less than $10 a day, he spent hundreds of […]
Popular Bitcoin Astrologer’s Star Falls on Twitter Following $30K in Celsius Payments
Maren Altman, a popular bitcoin and ether-focused astrologist, is suddenly a fallen star among some Twitter critics. A newly surfaced court document shows she received $30,000 in marketing payments from the crypto lender Celsius Network in the months before it declared bankruptcy. Altman’s Twitter critics say she received the money to create favorable content about […]
Feds Seized $311M in Bitcoin. The Crypto Hacker Stole It Back – Bloomberg
The prosecutors accuse Harmon of a very unusual crime: remotely swiping Bitcoin stored on a computer device the government had already seized in another case, brought against his older brother, Larry. As authorities watched helplessly, 713 digital tokens—then worth almost $5 million—were somehow spirited away from the “hardware wallet” they were holding in an evidence […]
Bitcoin Could ‘Double in Price’ Under CFTC Regulation, Chairman Behnam Says
Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said Wednesday that CFTC-led regulation could have significant benefits for the crypto industry, including a potential boost to the price of bitcoin. “Growth might occur if we have a well-regulated space,” Behnam told attendees during a fireside chat at NYU School of Law. “Bitcoin might double in […]