Day: February 12, 2020

Ohio Resident Charged With Laundering $311M in Bitcoin for AlphaBay

boss

Ohio resident Larry Dean Harmon, 36, has been charged with laundering more than $300 million in bitcoin for darknet marketplace AlphaBay. The man from Bath Township, about 30 miles south of Cleveland, was arrested Feb. 6 for conspiracy to commit money laundering, operating an unlicensed money transmitter business and money transmission without a license, according to cleveland.com. He is being prosecuted in the Northern District of Ohio. Prosecutors said Harmon played a major role in scrambling illicit cryptocurrency transactions for AlphaBay. He is alleged to have run a mixing service…

Coinbase Revives Margin Trading, With Conservative (for Crypto) 3x Leverage

boss

Coinbase, the largest cryptocurrency exchange in the U.S., is getting back into the business of lending money to traders, joining a growing roster of venues providing leverage to help users juice investment returns. The San Francisco-based exchange said Wednesday in a blog post its new “margin trading” feature provides leverage up to three times or “3x” for individual investors in 23 U.S. states, including the lucrative New York market. The leverage is also available to institutional traders in 44 states and nine countries. The 3x leverage matches Coinbase’s previous margin offering…

Circle Continues Sell-offs as Voyager Digital Acquires Investment App

boss

Despite ongoing bullish movement in crypto markets, Circle continues to sell off wings of its business. Circle, a Goldman Sachs-backed crypto startup that launched USD-pegged stablecoin USDC, has agreed to sell its digital asset investment app Circle Invest to Voyager Digital Canada, the operator of digital asset broker Voyager. Circle Invest customers to be moved to the Voyager Platform by the end of March 2020 As part of the acquisition, Voyager will be integrating features of Circle’s new stablecoin platform service into the Voyager Platform, the company announced on Feb.…

Reuters to Provide Fact-Checking for Facebook Amid 2020 US Presidential Elections

boss

In partnership with Facebook, Reuters has established a new unit tasked with identifying misinformation on social media.  As Reuters reported on Feb. 12, social media giant Facebook’s Third-Party-Fact-Checking Program and the news outlet have jointly launched a fact-checking initiative in a bid to identify misinformation on social media. Specifically, Reuters will verify information posted on Facebook and Instagram in the run-up to the United States elections and after. Checking user-generated information Reuter’s dedicated unit will assess the authenticity of user-generated media files, headlines and other content in both English and…

Myles Garrett Reinstatement Reveals the NFL’s Ugly Double Standard

boss

Cleveland Browns defensive end Myles Garrett’s indefinite suspension is over. Despite brutally attacking Pittsburgh Steelers quarterback Mason Rudolph during a game last year, Garrett has been reinstated. The NFL’s handling of this situation exposes an ugly double standard. As news spread that Cleveland Browns defensive end Myles Garrett had been cleared to return at the start of the NFL season, I asked myself a question that first popped into my head when the incident occurred. What if he had smacked Tom Brady over the head with his helmet? Or Aaron…

Myles Garrett Reinstatement Reveals the NFL’s Ugly Double Standard

boss

Cleveland Browns defensive end Myles Garrett’s indefinite suspension is over. Despite brutally attacking Pittsburgh Steelers quarterback Mason Rudolph during a game last year, Garrett has been reinstated. The NFL’s handling of this situation exposes an ugly double standard. As news spread that Cleveland Browns defensive end Myles Garrett had been cleared to return at the start of the NFL season, I asked myself a question that first popped into my head when the incident occurred. What if he had smacked Tom Brady over the head with his helmet? Or Aaron…

Libra Minus Facebook: Why Celo Is 2020’s Buzzy Token Project

boss

Investors from Silicon Valley to Switzerland are whispering about it. The team behind that project, C Labs, is combining the ethereum and Libra models with a $30 million war chest from the likes of Polychain Capital and Andreesen Horowitz (a16z). And with their stablecoins and reserve baskets, the shared backing of a16z isn’t the only similarity between the two projects. “The Celo mobile app, bringing stable payments and remittances to the unbanked has a chance to bring broad swaths of people to the world of blockchain technology and crypto, but…

Mysterious Egg Tweet Sends No Man’s Sky Buffs on a Wild Goose Chase

boss

No Man’s Sky creator Sean Murray tweeted an emoji egg earlier this week. Players are speculating that he is hinting at a new feature or even an Easter update. Data mining of the game’s code suggests there’s more to it than meets the eye. The No Man’s Sky community has been busy mining code and concocting theories about what Hello Games is planning next. All because of an egg. Sean Murray Tweets an Egg It all started on Monday when Hello Games’ founder, Sean Murray, authored a tweet consisting of…

Price Analysis Feb 12: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, XTZ, ADA

boss

The crypto markets are in a strong bull trend but the rally could hit rough weather as the uptrend begins to look overextended. The total crypto market capitalization has topped $300 billion for the first time since early-August of 2019. This shows that the bulls are back in action. Interestingly, it is not only the crypto markets that have been moving up, even the US stock markets have been making new lifetime highs in 2020.  Currently, the Dow Jones index is currently close to 29,500 points. However, Fundstrat Global Advisors…

Circle Founder: Digital Currencies at Key Growth Moment as Governments Take Notice

boss

Throughout the seven volatile years during which Circle founder Jeremy Allaire has been developing crypto products, he has consistently warned there’s much work to do before the technology is ready for mass usage. Now, with governments starting to explore digital currencies, new stablecoin models emerging and big tech platforms like Facebook getting involved, he finally sees the potential for a tipping point that brings about mass adoption.  On the sidelines of the World Economic Forum in Davos, he spoke to Michael Casey about the convergence of forces leading to what…