Bitcoin has had its ups and downs these past few weeks. The cryptocurrency fell to staggering lows which sent scares well across the market with people dumping precious Bitcoin and the whales greedily lapping it up. The downward spiral has been one’s man loss and another’s gain.
Coinbase Endorses Even More Cryptocurrencies
And so, amid the scares sent well across the market, Coinbase is nowhere near giving up on cryptocurrencies just yet. The institution is committed to bringing around reliable solutions for its crypto-minded users. And as a result, XRP fans will get to enjoy the token being traded on one of the largest exchanges for digital assets in the [...]
It was on December 17, 2017, when Bitcoin reached its highest value to date, hitting almost $20,000 and promoting a number of people to take double mortgages on their houses. It was a true, unadulterated Bitcoin rush. Quite the rush indeed, with people getting gripped by the “fear of missing out”, a known economic misconception that will now cost them dearly.
A Danish company predicted in the past that Bitcoin could reach the enviable $100,000 in net value, but this has been dashed as the value of the coin has slipped below what is reasonable. Dashed is the six-figure value of Bitcoin. And dashed are the hopes of many to become instant millionaires.
Of course, there are [...]
Welcome to our brief news round up. It’s Monday, November 19, and we are here to bring you three interesting developments from the recent past. First, Google may be the victim of Bitcoin scam. We do realize the irony here, as Google has been among the first companies to start clamping down on these assets.
Meanwhile, West Virginia’s Secretary of State reported that blockchain is shaping up nicely in the state, with voters throwing their support behind the technology and creating meaningful opportunities for others.
And believe it or not, but a US crypto initiative donated Monero to bail ICE Detention immigrants. Crypto is trying to patch up what a failed administration [...]
Digital justice shall be served. A US man was found guilty of running a fraudulent Ponzi scheme involving Litecoin. The upshot is $1.1 million fine and 15 months in prison.
Joseph Kim of Phoenix, Arizona has received a stringent fine to the tune of $1.1 million and sentenced to 15 months incarceration after he was found out to be running a Ponzi scheme involving Litecoin and Bitcoin. The US Commodity Futures Trading Commission has acted swiftly, publishing the report on November 9.
Mr. Kim was found guilty of defrauding his employer, a Chicago-based trading company, which the guilty party led to believe was investing via cryptocurrencies when, in fact, the company was [...]
