Bitcoin

Court Summons Mirror Trading International Executives Over BTC Global Scam Allegations

April 18th, 2021

Two executives of Mirror Trading International (MTI) have been summoned by a high court in connection with another cryptocurrency investment scam called BTC Global. The court summons followed a civil lawsuit filed by 18 plaintiffs demanding compensation from them. Two MTI Executives Linked to BTC Global Scam A High Court summons was issued to Clynton…

Bitcoin Downside Looks Limited As Coinbase Premium Shoots Significantly High

April 17th, 2021

After hitting its all-time high above $64,500 on the day of the Coinbase (NASDAQ: COIN) listing, Bitcoin (BTC) has retraced partially with a bit of downward pressure. On Friday, April 16, Bitcoin (BTC) took a dip below $61,000 levels after news broke out that one of the major BTC markets – Turkey – has issued…

Co-Founder of South Africa’s Crypto Index Fund Reveals the Plan to Launch Country’s First Bitcoin ETF

April 16th, 2021

Earle Loxton, the cofounder of EC10 (formerly DCX Capital) the institution behind the South African crypto index fund, says plans are afoot to launch the country’s first exchange-traded fund (ETF). The ETF is expected to offer South African institutional investors an indirect way of getting exposure to bitcoin. According to Loxton, an application for this…

Bitcoin price uptrend to $65,000 decelerates amid potential bearish comeback

April 16th, 2021

Bitcoin has resumed the sluggish price action a day after hitting a new record high close to $65,000. The recent upswing occurred after Coinbase was directly listed on the Nasdaq exchange. This was a moment of reckoning, not only for Coinbase but for the whole cryptocurrency industry. On a leading global exchange, such a listing…

Civil Lawsuit Against Craig Wright Wants High Court to Rule Against His Bitcoin White Paper Claims

April 14th, 2021

The Crypto Open Patent Alliance (COPA), a bitcoin industry working group focused on patent laws, has filed a civil lawsuit in the UK against Craig Wright. For many years now Wright has insisted he is Satoshi Nakamoto, but has yet to prove so to the greater crypto community. COPA is looking to get the UK…

Less Illicit Activity on Bitcoin Than Traditional Banking System

April 13th, 2021

Michael Morell,  the former acting director of CIA published an independent paper commissioned by Crypto Council for Innovation refuting the long told narrative about bitcoin and crypto use in illicit activities. Morell in his research found that the fear-mongering around crypto propagated by government officials like Treasury Secretary Janet Yellen does not hold any ground…

Bitcoin Price Reaches ATH? Stock Tokens, $COIN, Bitcoin ETFs Set to Skyrocket BTC price

April 13th, 2021

Bitcoin price after consolidating weeks under the last all-time high of $61,742 finally reached $62,000 today. A lot has changed in the last few weeks as the crypto industry is witnessing the highest ever rate of innovation. In this article, we will cover a few noteworthy developments that are boosting mouthwatering growth in crypto. Binance…

Venezuelan Guards Seize 76 Bitcoin Mining Rigs Due to ‘Inconsistencies’ in Transport Documents

April 13th, 2021

The Bolivarian National Guard of Venezuela (GNB) is known for having a tough stance against crypto mining rig counterfeits, as several operations have been assigned to combat the issues over the last few months. This time, the Venezuelan authorities seized 76 mining rigs after allegedly detecting inconsistencies in the transport documentation. Rigs Are Presumably ASIC…

World’s Wealthiest Annual Ranking Now Lists 12 Crypto Billionaires

April 12th, 2021

The American business magazine Forbes recently published the company’s 2021 documentation of the wealthiest billionaires in the world. According to the list published annually every March, there are now 12 billionaires that work directly within the cryptocurrency industry and the list of crypto billionaires is 3x larger than last year. Today’s Crypto Billionaires List Since…

12K Bitcoins Moved Out of Coinbase, Bitcoin Whales With Over 100K+ BTC Surged 3x In 2021

April 12th, 2021

Bitcoin (BTC) supply at exchanges continues to fall further as the world’s largest cryptocurrency consolidates around $60,000 levels. As the BTC price surged past $61,000 levels over the last weekend, another 12.6K Bitcoins moved out of Coinbase as per the latest data from Glassnode. 12,638 #bitcoin was transfered out of Coinbase last night, that’s over…