SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration Token

SEC Fines and Permanently Bars Founder of Fraudulent Oil Exploration TokenThe U.S. Securities and Exchange Commission (SEC) has taken action against an oil and gas exploration company and its founder who “perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California.” The token sale failed to raise money but the tokens were issued as part of a bounty program, which […]

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Playboy Sues Wallet Developer for Failing to Integrate Crypto Across Its Platforms

Playboy Sues Wallet Developer for Failing to Integrate Crypto Across Its PlatformsPlayboy is reportedly suing a Canadian cryptocurrency firm for allegedly failing to integrate a “wallet that would support a range of cryptocurrencies across the company’s online media, digital and casual gaming businesses.” Playboy.tv was supposed to be the first of the company’s platforms to feature the new crypto wallet and payment options. Also read: Yahoo! Japan […]

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Coinbase Continues To Add 50,000 Users a Day During Bear Market

While the cryptocurrency market has tanked in recent months, many cryptocurrency advocates remain unfazed, with some claiming that the adoption rates will only continue to swell. Critics may classify this sentiment as unwarranted optimism, but Coinbase CEO Brian Armstrong has recently disclosed figures that allude to the fact that the cryptocurrency market is set on

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Trader Gets Six-Figure Loan to Buy Crypto, Holdings Drop by 85%

Trader Gets Six-Figure Loan to Buy Crypto, Holdings Drop by 85%An Abu Dhabi-based cryptocurrency investor has shared his story of having taken out a six-figure loan to finance virtual currency investments only to watch his portfolio lose 85 percent of its value. The investor has shared his story in the hope that it can serve as a lesson to others. Also Read:High-Profile Thai Crypto Case: […]

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New Player to Offer Next Generation ASIC Chips This Year

New Player to Offer ASIC Chips This YearA new competitor is advancing on plans to enter the mining hardware market by the end of the year. Canadian company Squire Mining has raised almost $20 million to finance the design, development, and testing of a new ASIC chip and bitcoin mining rig. Squire also wants to set up its own crypto mining facilities. […]

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High-Profile Thai Crypto Case: Bitcoiner Lost Over 5,500 BTC – Ringleader Fled to US

High-Profile Thai Crypto Case: Bitcoiner Lost 5,500+ BTC - Ringleader Fled to USA high-profile crypto case involving a well-known actor and model has come to public attention in Thailand following the enforcement of the country’s crypto regulations. Over 5,564 BTC were reportedly stolen from a bitcoin millionaire. The alleged ringleader has fled to the U.S. Thailand’s main crypto regulator is cooperating with the police on the case. […]

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Venezuela to Have Two Units of Account – Petro and Petro-Pegged Bolivar

Venezuela to Have Two Units of Account – Petro and Petro-Pegged BolivarPresident Maduro’s Venezuela is preparing to effectively adopt next week two official units of account – the nation’s crypto, El Petro, and the new petro-pegged bolivar that will replace the inflated national fiat. New salary and pricing mechanisms will be implemented as well, the country’s leftist leader promised.   Also read: Malta Tops Exchange-Based Crypto […]

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Crypto Prices Have Nosedived, But There Could Be a Silver Lining

Monday hailed in one of the worst days the crypto market has ever seen, with Bitcoin posting a loss of 6%, while altcoins fell even further. However, not all investors are worried, as some see that this nosedive is just another part of the tumultuous cryptocurrency cycle. CoinShares Executive: The Narrative Around Crypto Is Hard

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Reports: India’s Crypto Regulations Delayed, Government Considers ‘Crypto Tokens’

Reports: India's Crypto Regulations Delayed, Government Considers ‘Crypto Tokens’The Indian government previously planned to submit the proposal for crypto regulations in July. However, a senior official has revealed that the regulatory framework for cryptocurrencies in India has been delayed and will likely be ready by the year’s end. Meanwhile, the government is reportedly considering “launching crypto tokens for financial transactions.” Also read: Yahoo! Japan […]

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Crypto is a Better Long-Term Investment Than USD and Gold, Says Investor

Kim Dotcom, the German-Finnish entrepreneur and the creator of Mega, has publicly stated that gold and crypto are better long-term investments than the US dollar. In a recent statement, Dotcom said: “Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash. Times will get

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