Konstantin Ignatov, the brother of OneCoin’s fugitive founder Ruja Ignatova and a major figure behind the $4 billion Ponzi scheme, agreed to testify against his sister as part of a settlement that saw Ignatov dismissed from civil litigation targeting the scam. Newly reported details regarding the settlement’s terms reveal that Ignatov has agreed both to
Bitcoin has seen a slight recovery since the Friday lows of $11,400. The asset now trades for $11,600 as of this article’s writing, but BTC is still around $900 below last week’s $12,500 highs. The cryptocurrency may soon bounce further as a number of positive technical trends form. These technicals do not indicate, though, that
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. Top Stories This Week Pro traders unfazed by Bitcoin price stalling at $12,400, data shows Another week, another unsuccessful attempt at meaningfully cracking $12,000. Bitcoin suffered an 8.6% drop to as low as $11,370 after a stubborn
A Bitcoin (BTC) whale — an individual investor who holds a large amount of BTC — took profit after two years. Data from Whalemap suggests the whale purchased nearly 9,000 BTC in the third quarter of 2018. A pseudonymous trader known as “Byzantine General,” who shared the data, said: “This whale is a legend. See
Another week, another attempt to break higher meets resistance. Bitcoin (BTC) entered the week surging past $12,000 only to retrace below that key level as altcoins continue to rise and fall. At the same time, it appears Ethereum’s well-documented problems have caught up to it faster than the blockchain can confirm transactions right now. Cryptocurrency
The modus operandi of crypto scammers differ in each case as it happens with the rest, but this time, a popular Youtuber who has 2.43 million subscribers explained on August 20 how his channel was seized by hackers to launch an XRP fake giveaway campaign. According to a video published by David Damasceno, who runs
The United States Acting Comptroller of the Currency, Brian Brooks, recently expressed his willingness to embrace fintech solutions in an interview with CNN. Brooks, who was formerly Chief Legal Officer at Coinbase, explained that his job now was to “identify impediments that make it harder for people to get what they want and need.” This
Bitcoin Cash and Litecoin Trusts from Grayscale Investments Begin Trading Grayscale Investments’ Litecoin Trust (LTCN) and Bitcoin Cash Trust (BCHG) have received DTC eligibility on Monday, which means the shares can begin trading publicly. The firm’s latest funds give investors exposure to the crypto assets bitcoin cash and litecoin and … read more. Amid US
On Aug 21, Bitcoin (BTC) price declined by more than 3% from around $11,880 to $11,511 on Coinbase. Coincidentally, the U.S. Dollar Index (DXY) started to rebound from its 4-month downturn. BTC/USD daily chart. Source: TradingView.com As the dollar increased by 1.3% from $92.28 to $93.20, Bitcoin, major cryptocurrencies, and gold fell in tandem. The
MetaMask announced it had made updates to its products’ use license. The company stated in a press release published on its blog that the new updates will not have any impact on all end-users, most application developers and non-profits and will be free of charge for those groups. The company clarified that it would continue
While being a relatively young correction to energy-intensive proof-of-work (PoW) network validation, proof-of-stake has existed in theory since 2012. However, rising market cap of PoS tokens like Cardano (ADA) and Tezos (XTZ) over the past two years and Ethereum’s much-hyped but much-delayed shift from PoW to PoS have brought the subject to the forefront. Alongside
On a global scale, few actually own Bitcoin. According to Robert Kiyosaki, the author “Rich Dad Poor Dad,” though, everyone should own the cryptocurrency ahead of the coming “banking crisis.” This comment is in line with the sentiment of an impending collapse in banking and in the fiat currency system that Kiyosaki has extensively shared
Lerner made a preview of his latest findings available to Cointelegraph. His research is based on the irregular pattern of the Least-Significant-Byte (LSB) of the nonce field of block. This past June, Lerner published a blog that expanded on his original research from 2013. He suggested that for an unknown reason, Satoshi refrained from mining in
It’s back to stability for Bitcoin this week as the currency continues to knock at the $12,000 ceiling. Where will it go next? One analyst sees a Battle Royale as whales try to push towards $14,000. Other investors are more optimistic. They see Berkshire Hathaway’s recent sale of bank stocks and purchase of stock in
In the case of United Kingdom-based Control-Finance and its AWOL operator Benjamin Reynolds, the United States Commodity Futures Trading Commission asked the court to order Reynolds pay nearly half a billion dollars on Aug. 20. In a legal action that began in June of last year, the CFTC has been unsuccessful in its attempts to
China Testing Digital Currency in Major Cities, Including Beijing and Hong Kong China’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested during the 2022 Winter Olympics games in Beijing, the ministry … read more.