Tag: News

FBI Arrests 2 Men Planning ‘Violent’ Robbery of Bitcoin Worth Millions of Dollars — They Face 20 Years in Prison – Regulation Bitcoin News

boss

The Federal Bureau of Investigation (FBI) has arrested two men who participated “in a violent plan to break into a family’s home in the middle of the night” to steal bitcoin worth tens of millions of dollars,” according to the U.S. Department of Justice. They could go to prison for 20 years. 2 Men Charged for Planning to Steal Bitcoin The U.S. Department of Justice (DOJ) announced Friday the unsealing of an indictment charging Dominic Pineda and Shon Morgan with a “plan to commit home invasion robbery for tens of…

SEC Chair Gensler Affirms Bitcoin Is a Commodity — ‘That’s the Only One I’m Going to Say’ – Regulation Bitcoin News

boss

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says bitcoin is a commodity. He emphasized that the SEC, the Commodity Futures Trading Commission (CFTC), and banking regulators will collaborate to oversee the crypto sector. Gary Gensler: Bitcoin Is a Commodity SEC Chairman Gary Gensler clarified his position on cryptocurrency, particularly bitcoin, in an interview with Mad Money host Jim Cramer on CNBC Monday. “This is a highly speculative asset class. We’ve known this for a long time,” Gensler said when asked about cryptocurrency. Citing the “ups…

Morocco’s Central Bank to Unveil Crypto Regulation Bill Soon – Regulation Bitcoin News

boss

The Moroccan central bank is presently working on a cryptocurrency regulation framework bill and according to the bank’s governor, Abdellatif Jouahri, this is set to be introduced soon. The regulatory framework being worked on will result in Morocco’s money laundering and anti-terrorism financing regulations being upgraded. Crypto Regulation Best Practices A Moroccan central bank committee is working to put in place an appropriate regulatory framework for cryptocurrencies, Bank Al-Maghrib (BAM) governor Abdellatif Jouahri has reportedly said. The governor also revealed his institution has engaged both the International Monetary Fund (IMF)…

The New Eminem and Snoop Dogg Music Video Showcases Bored Ape Avatars – Bitcoin News

boss

The prominent rap stars Eminem and Snoop Dogg released a new music video that showcases the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection. The duo’s latest single called “From the D 2 The LBC” debuted at this year’s Apefest, an annual gathering for BAYC and Mutant Ape Yacht Club (MAYC) owners. From the D 2 the LBC: Eminem, Snoop Dogg, and Bored Apes The new Eminem and Snoop Dogg music video has been trending on Youtube and at the time of writing, the video has gathered 8.85 million…

Reports Claim Russia Defaulted on Foreign Debt for the First Time in a Century, Kremlin Disagrees and Says It Paid – Economics Bitcoin News

boss

According to reports, the Russian Federation has defaulted on its foreign debt for the first time since 1918. Bondholders told the press that they had not received payments from the transcontinental country. However, Russia’s finance ministry denies the allegations and says the country made the payments via the Euroclear monetary system. Russia Is Accused of Foreign Debt Default, Moscow’s Finance Ministry Claims the Country Paid Bondholders Media reports are claiming that Russia has defaulted on its foreign currency debt for the first time in more than 100 years. Financial sanctions…

How Pionex’s Trading Bots Can Help Manage Risk – Sponsored Bitcoin News

boss

sponsored Last month was a crypto rollercoaster. Bill Gates said crypto is based on greater fool theory. The market has lost more than $1 trillion dollars since November, and there are still signs of further damage, including Celsius’ pause on withdrawals. The wild west of finance is clearly suffering, and the whiplash pace of recent headlines is likely to leave most investors full of uncertainty and anxiety. Pionex’s trustworthy crypto trading bots can help investors weather the crypto storm. Despite the recent maelstrom of bad news, the fundamental innovations behind…

Has the Crypto Space Fundamentally Failed to Deliver on the Ideals of its Foundation? – Blockchain News, Opinion, TV and Jobs

After crypto lending platform Celsius froze all withdrawals, swaps and transfers between accounts due to “extreme market conditions”, they may now be looking at filing for bankruptcy. According to the Wall Street Journal Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on the possible filing. Celsius, which had approximately $11.8 billion in assets in May and has 1.7 million users, froze all of its activities earlier this month due to the extreme market volatility, a market downturn of which the ending is not…

DOGE Nears 20-Day High, as TRON Also Surges – Market Updates Bitcoin News

boss

DOGE was trading higher on Monday, as prices rose to their highest level in almost 20 days. TRX was also in the green to start the week, as prices continued to climb, following a recent streak of bullish momentum. Dogecoin (DOGE) DOGE was a notable mover during today’s session, as prices rose to their highest point in nearly 20 days. On Monday, DOGE/USD rose to an intraday high of $0.07839, which came less than 24 hours after trading at a low of $0.07184. As a result of today’s move, the…

$4B in Bitcoin Mining Loans Are in Distress — JPMorgan Analyst Says Price Pressure Stems From Miner Sales – Bitcoin News

boss

Cryptocurrency-related lending has become a black smudge for the industry these days and according to a recent report, bitcoin’s low price has put billions in mining loans under stress. The report, which quotes the co-founder of mining company Luxor Technologies, Ethan Vera, says that roughly $4 billion in loans backed by crypto mining rigs are extremely close to running a risk of default. Analyst Says Miners ‘Are Nervous About Their Loan Books’ The price of bitcoin (BTC) is 21% lower than it was two weeks ago and the price drop…

BTC, ETH Lower, as Both Run Into Strong Resistance – Market Updates Bitcoin News

boss

Bitcoin remained close to a ten-day high on Monday, as prices consolidated following gains from the weekend. Although ETH was lower to start the week, it was also able to remain close to Sunday’s peak around the $1,280 level. Bitcoin BTC was consolidating during today’s trading session, as bulls appear to have secured some profits following recent gains. Coming from the back of a high at $21,783.72 on Sunday, BTC/USD rose to an intraday low of $20,965.11 on Monday. This decline sees bitcoin start the week trading almost 2% lower,…