Day: August 4, 2019

$1.2M Earned Through Bitcoin ‘Sextortion,’ Bomb Threat Scams

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Cybercriminals earned $1.2 million in Bitcoin (BTC) through “sextortion” and bomb threat scams in the last 12 months, cybersecurity company Symantec reports on July 30. In sextortion scams, the scammers send victims emails that include an old password in the subject line, claiming the device is compromised. The message further states that the scammer is in possession of a photo or video of the victim looking at pornography websites, ostensibly obtained through a hacked webcam. In other cases, the author of the email claims to be a member of law…

Top-5 Crypto Performers: XTZ, LINK, BTC, BCH, XMR

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Binance research highlights that Bitcoin (BTC) has rallied along with other assets that are considered safe-havens following the latest tariff tweet by United States Pres. Donald Trump. This shows that Bitcoin is gaining acceptance as a safe haven and a hedge against geopolitical…

Multiple Metrics Make the Bullish Case for Bitcoin

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Bitcoin (BTC) remains bullish and a multitude of metrics support this claim.  Is this a trend reversal?  Over the past week investors’ short-term sentiments about Bitcoin’s prospects appear to have improved. While last week’s market update made the case for why top investors and analysts are overwhelmingly bullish on Bitcoin’s predicted long-term price action, the fall from $13,800 to $9,100 did shake retail investors confidence for the short term.  Prior resistance levels that were obliterated throughout Bitcoin’s ascension from $4,000 to $13,800 proved to be weak support and many investors…

Bitcoin to Crack $15,000 This Week amid Waning Trust in Fiat: Max Keiser

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Max Keiser believes that the bitcoin price could rally around 40% this week thanks to weak confidence in central banks and fiat currencies. | Source: Shutterstock Bitcoin bull Max Keiser already has a six-figure price target for the flagship cryptocurrency. He believes that the digital asset will eventually replace gold as a safe-haven investment and beat the returns of all asset classes. If that claim doesn’t seem ambitious to you, then his latest tweet definitely will. Bitcoin is currently trading at just under $10,700, and the Keiser Report host predicts…

Steve Bannon Contradicts President Trump: Crypto Is Part of ‘Global Populist Revolt’

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Steve Bannon, a founding member of Breitbart News and former Chief Strategist for U.S. President Donald Trump’s administration, contradicted President Trump with his remarks regarding Bitcoin and cryptocurrencies in general. In an interview with CNBC’s Squawk Box on Aug. 2, Bannon praised Bitcoin (BTC)trade and claimed that it will be a part of ‘global populist revolt’ in the near future. Not too long ago, President Donald Trump sent out a string of tweets bashing Bitcoin and other cryptocurrencies for their volatility and uncertain nature in the market. Bannon has always…

FATF Regulations – Is It the End of Crypto Anonymity?

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The G-20 Summit in Japan brought 20 finance ministers and central bank governors to officially commit to implementing the guidelines of the Financial Action Task Force (FATF). The lack of regulation in the crypto markets can be fertile ground for money laundering, terrorist financing, tax evasion, etc. Therefore, it is not surprising why the FATF guidelines are calling for the end of anonymity in the crypto market. In fact, after the G-20’s determination to comply with the FATF standards, we are soon going to see their implementation around the world,…

Litecoin Halving: All You Need to Know

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With just one day to go until Litecoin’s (LTC) next halving event, Cointelegraph sets out all you need to know about the cryptocurrency’s reduction in block rewards. In spite of their reputation for creating price hikes, the lead up to the halving has witnessed a 25 percent decline in valuation over the last month.  What is halving? Halving is a process that occurs when the mining reward for a cryptocurrency is reduced by 50%. Miners receive crypto rewards for solving problems that create each new block on a given blockchain.…

Brazilians Now Must Declare Cryptocurrency Gains to Brazil’s IRS Every Month

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The Brazilian government recently passed a new law, compelling every citizen to declare his or her crypto transactions at the end of every month. The law, which took effect on August 1, is aimed at curbing criminal acts in the crypto sphere including money laundering, trafficking, and tax evasion. According to a major news outlet in Brazil, Agencia Brasil, citizens of Brazil must report their crypto transactions and holdings to the country’s IRS before the last day of the following month. That is, all crypto gains made in August must…

Crypto-Lending Service Celsius Network Celebrates $2 Billion in Cryptocurrency Loans

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Celsius Network has become the largest crypto-lending company as it completed over $2 billion in digital coin loans with more than $300 million in digital coin deposits in its first year of operation, the company announced. Celsius Network is an industry-leading crypto platform that allows users to get a loan against their crypto holdings. Apart from that users can also earn interest on their crypto deposits as the company shares up to 80% of its revenues with the Celsius community in the form of weekly interest payments. The company let…

U.S. Senator Crapo: Cryptocurrency Is a Global Innovation; Can’t Ban It

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The US has been leading the international effort to regulate and control Bitcoin (BTC)trade and other cryptocurrencies like it. A few of these regulators have also pushed for an outright ban on Bitcoin. However, after 10 years, the regulators might have finally accepted that Bitcoin is not going away anytime soon. This sentiment was conveyed in a hearing held by the U.S. Senate Committee on Banking, Housing and Urban Affairs. In this hearing, Senate Banking Committee Chairman Mike Crapo shared his belief that the efforts of the United States to…