A Look at Facebook’s Diem Wallet- Token Sale Accepts 3 Cryptos, Strict KYC, Hefty Data Collection – Bitcoin News

During the last two years, there’s been a lot of interest in Facebook’s cryptocurrency diem (formally libra) and rumors of a nearing launch date went viral last November. Now the social media giant is advertising the crypto asset’s pre-sale heavily on the platform, as people can now purchase diem with U.S. dollars and three different cryptocurrencies. Facebook Is Selling Diem Coins for Bitcoin, Ethereum, and Bitcoin Cash Facebook is in the midst of the company’s token sale where individuals can invest funds in order to purchase the social media firm’s…

Ethereum dev must face jury for allegedly helping North Korea evade sanctions

A New York federal judge has denied an Ethereum developer’s motion to dismiss criminal charges over allegations he assisted the North Korean regime to bypass U.S. sanctions. The developer and former-hacker, Virgil Griffith, is accused of helping North Korea evade economic sanctions by delivering a speech during a Pyongyang blockchain conference in April 2019. Law360 reported that in his motion, Griffith had claimed the speech he delivered at the Pyongyang Blockchain and Cryptocurrency Conference was protected by his First Amendment right to free speech. Griffith also requested a bill of…

Not Your Keys, Not Your Bitcoin

Today’s biggest news isn’t about Bitcoin, but because the cryptocurrency and others trade on the platform at the center of the scandal, it is a wake up call for investors. Robinhood today halted trading of GameStop shares and other stocks, setting the internet ablaze with anger. At the same time, it should act as a reminder for those who use the platform for crypto market exposure of the phrase: “Not your keys, not your Bitcoin.” Robinhood Halts Trading On Select Stocks, Is Their Crypto Service Next? The phrase also widely…

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Altcoins soar after 10% Bitcoin price breakout flips $33K back to support

Bitcoin (BTC) price appears to have flipped the $32,000 level back to support as the wider cryptocurrency market saw renewed optimism on Jan. 28.  Data from Cointelegraph Markets and TradingView shows that BTC has steadily climbed higher in price from $31,000 to its current value of $33,400, an increase of 9.5%. Daily cryptocurrency market performance. Source: Coin360 The most notable gainer of the day was Dogecoin (DOGE) which surged more than 200%. The popular meme coin became the latest beneficiary of the 3 million member Reddit community behind the incredible…

Orders the Accused to Pay Over $4 Million in Restitution – Regulation Bitcoin News

A U.S. court has sentenced Jerry Ji Guo, a resident of San Francisco, to an effective six months in prison for his role in a fraudulent initial coin offering (ICO). In addition to the prison term, the court ordered Guo to pay over $4 million in restitution. Further, Guo will also cooperate with the government in the identification and return of the stolen property. Embezzlement of Client Funds In a statement, the United States Department of Justice (DOJ) says Guo, who pleaded guilty on August 26, 2019, had presented himself…

Mark Cuban calls token valuations “inflated” shortly after NFT mint

Shortly after a limited edition non-fungible token release, entrepreneur and Dallas Mavericks owner Mark Cuban has called into question the valuations in the NFT space, as well as those in half a dozen other asset classes. Called “The RollUp 2021,” Cuban dropped the NFTs on Wednesday on Rarible, announcing the release in a Tweet: Look what I found! The RollUp 2021 collectible https://t.co/EexbU3DNFy #rarible #ethereum #nonfungible #digitalasset #nft via @rariblecom — Mark Cuban (@mcuban) January 27, 2021 Describing the NFTs — which feature a half dozen-frame animation of Cuban awkwardly…

DOGE tweet volume up 1800%, becomes first altcoin to surpass Bitcoin ever: The Tie

Dogecoin (DOGE), a meme coin created as a joke, has seen a groundswell of Twitter activity in the past 24 hours after attention was thrown on the coin by the now-infamous Reddit group responsible for pumping the share price of GameStop.  Dogecoin’s Twitter volume — the number of daily tweets versus the 30-day average — skyrocketed 1,787% on Thursday, according to crypto data provider The TIE. In total, there were 89,991 tweets about DOGE over a 24-hour period. In fact, The TIE’s data suggests it’s the first time any altcoin…