Bitcoin Price Hits 7-Month High Against Turkish Lira
Turkey’s economic crisis looks to have boosted bitcoin’s appeal as a safe-haven asset, pushing it to seven-month highs against the lira.
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Report: Uber, PayPal, Visa to Back Facebook’s GlobalCoin Cryptocurrency
news Visa, Mastercard, PayPal and Uber are all backing Facebook’s new cryptocurrency, according to a new report. The Wall Street Journal reported Thursday that the social media giant has signed on more than a dozen backers for its GlobalCoin cryptocurrency, a stablecoin that has been developed in secrecy for more than six months. Each of…

Australian Treasury to Question Regulator Over HyperVerse Crypto Scheme: Report
Australia's Assistant Treasurer and Minister for Financial Services Stephen Jones has said he would be asking the Australian Securities and Investments Commission (ASIC) why it didn't warn consumers about the HyperVerse crypto scheme like other nations did, according to the Guardian.The United Kingdom, New Zealand, Canada, Germany and Hungary, among others, issued warnings about the

Bitcoin’s Uptrend Is Gathering Pace and Many Altcoins Are Surging Too
Feb 6, 2020 at 09:30 UTCUpdated Feb 6, 2020 at 09:34 UTCBitcoin’s Uptrend Is Gathering Pace and Many Altcoins Are Surging TooView Bitcoin bulls pushed prices to fresh three-month highs above $9,700, reinstating the bull view aborted by a doji candle earlier this week. The indicators on the daily and weekly charts are signaling strong…

Hyper-Stablecoinization: From Eurodollars to Crypto-Dollars
Jul 12, 2020 at 12:00 UTCUpdated Jul 12, 2020 at 12:13 UTCEuros (Imelda/Unsplash, modified using Photomosh)Hyper-Stablecoinization: From Eurodollars to Crypto-DollarsTribal fighting between Bitcoiners and Ethereans is unabated. Bitcoin is understood as “money crypto,” while Ethereum is labeled “tech crypto.” Bitcoin is sound money that will make all other monies obsolete. Ethereum, on the other hand,…

The Case Against Sam Bankman-Fried
Is Sam Bankman-Fried going to prison? Five weeks into his criminal trial, 12 randomly selected New Yorkers are preparing to discuss among themselves whether they believe he violated federal law or not.Bankman-Fried is charged with wire fraud and conspiracy to commit wire fraud against FTX's customers, wire fraud and conspiracy to commit wire fraud against

Blockchain Association Files Amicus Brief in Coin Center Lawsuit Against U.S. Treasury Over Tornado Cash Sanctions
The Blockchain Association has filed an amicus brief in an ongoing lawsuit by think tank Coin Center against the Treasury Department and its sanctions watchdog, the Office of Foreign Asset Control.In the suit, filed last October, Coin Center has alleged that the U.S. Treasury Department’s sweeping sanctions against crypto mixer Tornado Cash harmed Americans and…

UK Police Auction Off $294,000 in Stolen Crypto From EtherDelta Hack
news UK police auctioned off more than $294,000 of cryptocurrency confiscated from the teenage hacker of EtherDelta and TalkTalk. The Eastern Region Special Operations Unit (ERSOU) worked with Wilsons Auctions to sell the digital assets, including bitcoin, ripple and ethereum, in what is said to be the unit’s first such auction. “Asset recovery in a…

Crypto Long & Short: What Investors Get Wrong About Volatility (and Not Just for Crypto)
Sep 6, 2020 at 21:00 UTCUpdated Sep 6, 2020 at 21:37 UTC(Spencer Platt/Getty Images)Crypto Long & Short: What Investors Get Wrong About Volatility (and Not Just for Crypto)In a week in which we are yet again reminded how sharply sentiment can shift in crypto asset markets, it’s appropriate to look at the role volatility plays in…