Tag: bitcoin trader

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Bank of America CEO: Regulation Won’t Let Us Engage in Crypto; Kiyosaki Talks Depression, Civil Unrest, and More — Bitcoin.com News Week in Review

June 5, 2022

The new LUNA records gains amidst controversy, “Big Short” investor Michael Burry and author Robert Kiyosaki weigh in on recession, depression, and looming civil unrest. To top it all off, Bank of America’s CEO said “we have hundreds of patents on blockchain” but that regulations are blocking the institution from engaging in crypto. This is…
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KryptoPips Creates the World’s First Multi-Broker Rewards Coin to Reward Various Trading Activities and Deliver Client Value

June 5, 2022

PRESS RELEASE. KryptoPips, the world’s first multi-broker rewards coin, allows brokers to reward their clients for participating in various trading activities. As key drivers of customer loyalty, the rewards coins will enable brokers to acquire new customers and maintain existing ones, thereby growing the brand. The reward coins can help boost business and incentivise trading…
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Localbitcoins User Pleads Guilty to Running Unlicensed Crypto Business — Faces Up to 5 Years in Prison

June 5, 2022

A cryptocurrency trader has been convicted in the U.S. for operating an unlicensed money-transmitting business using Localbitcoins and Paxful. He faces up to five years in federal prison and a possible $250,000 maximum fine. Crypto Trader Pleads Guilty The U.S. Department of Justice (DOJ) continues to take action against crypto traders using services such as…
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Bitcoin ATM installations record low in May, biggest drop since 2019

June 5, 2022

Over the past five months since January, Bitcoin ATM installations saw a gradual slowdown, eventually falling 89.75% from December 2021’s 1971 new installations. Bitcoin (BTC) ATM installations across the globe have seen a steep decline throughout the year 2022, with May recording just 202 new BTC ATMs, a range last seen three ago in 2019.…
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Global Web3 metaverse and tax initiatives continue in the face of a market meltdown

June 5, 2022

Web3 developers, institutional investors and regulators preparing to tax metaverse profits remain stable despite all the turbulence in the digital assets market. In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal…
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Yuga Labs’ BAYC, OtherSide Discord groups breached, over 145 ETH stolen

June 5, 2022

According to OKHotshot’s investigations, the attack was conducted by hacking into the Discord account of Boris Vagner, community and social manager for Yuga Labs. Yuga Labs, the creator of two of the most popular ape-themed nonfungible token (NFT) offerings — Bored Ape Yacht Club (BAYC) and OtherSide — witnessed yet another orchestrated phishing attack with…
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US Regulator: Investors Reported Losing Over $1 Billion in Crypto to Scams Since 2021

June 5, 2022

The U.S. Federal Trade Commission (FTC) has revealed that more than 46,000 people have reported losing over $1 billion in cryptocurrency to scams since the beginning of last year. FTC Says Scammers Stole Over $1 Billion in Crypto The U.S. Federal Trade Commission published a “Data Spotlight” report on crypto scams Friday. The FTC is…
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Beyond the hype: NFTs can lead the way in transforming business experiences

June 5, 2022

In the emerging decentralized Web3 economy, NFTs will enable creators to connect with and serve clients in brand new ways. Many businesses and big brands have already jumped on the nonfungible token (NFT) bandwagon, including Nike, the National Basketball Association, Pepsi and even Taco Bell. But are these just for the show, or are these…
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Defi Educator Says $22 Billion in ETH 2.0 Funds Won’t Be Liquid Immediately After PoS Transition

June 5, 2022

As Ethereum’s transition to proof-of-stake (PoS) gets closer and the network’s hashrate taps another all-time high, the Ethereum 2.0 contract is close to nearing 13 million ether worth $22.6 billion using today’s ether exchange rates. Moreover, according to a decentralized finance (defi) educator, the $22.6 billion worth of ethereum that continues to grow won’t be…
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Goldman Sachs President Warns of ‘Unprecedented’ Economic Shocks and Tougher Times Ahead

June 5, 2022

Global investment bank Goldman Sachs’ president and chief operating officer has warned of unprecedented economic shocks and tougher times ahead. His statement echoes JPMorgan CEO Jamie Dimon’s warning that a “hurricane” is coming our way. Goldman Sachs President’s Warning About the U.S. Economy Goldman Sachs President and Chief Operating Officer John Waldron shared his outlook…
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