Day: February 12, 2020

SEC Charges Ohio Man for $33M Crypto Fraud Targeting Physicians

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An Ohio man has been charged by the United States Securities and Exchange Commission for allegedly defrauding 150 investors in a cryptocurrency trading scheme. The SEC’s complaint, filed in federal court in New York on Feb. 11, accuses Michael W. Ackerman of raising at least $33 million in violation of anti-fraud provisions for federal securities laws. Luring investors via a private Facebook group for “Physician Dads” Ackerman’s scam was operated together with two unnamed founding partners, with whom he established the Q3 Trading Club in June 2017. This was followed…

Tether Stablecoin Taps Chainalysis for Anti-Money Laundering Compliance Tools

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Stablecoin issuer Tether is partnering with blockchain forensics firm Chainalysis to bolster its anti-money laundering tools. The companies announced Wednesday that Tether would apply Chainalysis’ “Know Your Transaction” tool for token issuers, allowing the stablecoin firm to monitor activity and “quickly understand the risk profile of each token holder,” according to a press release. USDT, the dollar-pegged stablecoin issued by Tether, is currently live on the omni, ethereum, EOS, liquid, tron and algorand blockchains. The company has also issued tokens pegged to gold (XAUT), the euro (EURT) and offshore Chinese…

Crypto Community Loses Its 2020 Presidential Candidate Andrew Yang

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Cryptocurrencies and blockchain technology have lost a proponent and ally in the American political landscape.  Andrew Yang, an entrepreneur and Democratic candidate in the United States presidential elections, has suspended his campaign for president. NPR reports on Feb. 11 that Yang told supporters: “While there is great work left to be done, you know, I am the math guy, and it is clear tonight from the numbers that we are not going to win this race […] I am not someone who wants to accept donations and support in a…

Bitcoin Price Hits $10,320, Fed Confirms Crypto Is Threat to U.S. Dollar

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Bitcoin price and the overall crypto market reacted positively after Fed Chairman Jerome Powell recently stressed on the importance of private crypto-based transactions. He said that the Fed is working on a number of projects for digital currencies. Bitcoin price surged over 5% on Tuesday, February 11, pushing it to a five-month high above $10,300 levels. With this move, BTC has surged nearly 50% since the beginning of 2020. At press time, BTC is trading 5.6% up for a price of $10, 304 with a market cap of $187 billion.…

Ethereum Explodes 15% Higher to $250 in 1 Day: Are More Gains Imminent?

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Over the past few weeks, Ethereum (ETH) has exploded to the upside. The second-largest cryptocurrency by market capitalization, since bottoming around $117 in December 2017, has surged higher by over 100%, buoyed by buying pressure from investors looking to capitalize on the impending market cycle. In the past few days especially, Ethereum has gone vertical. Look to the right side of the chart below, which shows that in the past day or two alone, the asset has rallied from $220 to as high as $257 — a gain of 17%.…

Bitcoin Price Tackles $10.4K Level as Futures Markets Hit 5-Month High

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Bitcoin (BTC) tried to clear fresh key resistance at $10,400 on Feb. 12 as its rebound, which began on Tuesday, continued to produce surprises. Crypto market weekly price chart. Source: Coin360 BTC posts 7% daily gains Data from Coin360 and Cointelegraph Markets showed BTC/USD briefly hit local highs of $10,495 on Wednesday. This capped a highly successful 24 hours for the pair, which just a day earlier traded at close to $9,700.  At press time, Bitcoin was hovering just below the new local highs, trading at $10,340, still up almost…

Thank God ‘Math Guy’ Andrew Yang Is Finally Gone

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Andrew Yang dropped out of the presidential race Tuesday evening. He was polling at 2.8% in the New Hampshire primary with 65% reporting. Yang told supporters, “You know I am the math guy.” But that’s a questionable proposition. His “Freedom Dividend” doesn’t add up. So it’s good to see the Democratic presidential candidate acknowledging mathematical reality for once. Where will his supporters go? Andrew Yang was never going to be the Democrats’ nominee. He’s an interesting candidate to be sure. Yang also has a strong stage presence, and warm, friendly…

Thank God ‘Math Guy’ Andrew Yang Is Finally Gone

boss

Andrew Yang dropped out of the presidential race Tuesday evening. He was polling at 2.8% in the New Hampshire primary with 65% reporting. Yang told supporters, “You know I am the math guy.” But that’s a questionable proposition. His “Freedom Dividend” doesn’t add up. So it’s good to see the Democratic presidential candidate acknowledging mathematical reality for once. Where will his supporters go? Andrew Yang was never going to be the Democrats’ nominee. He’s an interesting candidate to be sure. Yang also has a strong stage presence, and warm, friendly…

Ethereum Price (ETH) Has Surged 92% in 2020 With Targets Set on $300

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For the second time in two weeks, Ether price (ETH) has notched a new 2020 high. This time the surge from $217.83 to $253.79 occurred as Bitcoin’s (BTC) price reversed course from $9,700s and rallied to a new high at $10,346.83.  As Bitcoin rallied on Feb. 12, many altcoins pulled back in their BTC pairs but Ether succeeded in holding on to its gains and currently registers a 14.3% gain.  Crypto market daily price chart. Source: Coin360 Generally, investors are feeling bullish about the crypto market’s future prospects. But while…

Dow Futures Surge As Bernie Rocks New Hampshire Primary

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Dow Futures rallied overnight to 29, 270 despite another Bernie Sanders victory in New Hampshire. Wall Street remains confident that Donald Trump will win re-election and appears reluctant to price any probability of a Sanders win into markets. Bad news for the Phase One Deal also broke, as it was announced the Coronavirus could impact China’s agreed agricultural purchases. Dow Futures traded 45 points higher after Bernie Sanders won the Democratic Primary in New Hampshire. Pete Buttigieg came in second, with Amy Klobuchar a close third. US markets are aware…