US Department of Treasury’s OFAC announced that Bitcoin payment provider BitPay has agreed to a $507,375 settlement over violations of “multiple sanctions” related to crypto transactions. BitPay allowed users from Ukraine, Cuba, North Korea, Iran, Sudan, and Syria to transact with merchants in US, using digital currency on its platform. OFAC has geographical sanctions inContinue reading “BitPay agrees to pay $507,375 over sanction violation charges”

According to the prepared remarks for the US Congressional hearing on 18 February, Robinhood CEO, claimed that his firm stopped trading to meet US SEC’s “regulatory deposit requirements.” In addition, the chief exec denied that his firm restricted trading to help hedge funds and said that reports that claimed otherwise were “absolutely false and market-distortingContinue reading “In Congressional hearing’s prepared remarks, Robinhood CEO calls for modification of trading rules”

As Bitcoin gains more mainstream attention, Microsoft founder, Bill Gates discussed the world’s largest cryptocurrency recently. In an interview with CNBC Squawk Box, Gates said that he is “not short Bitcoin” and has taken a neutral view on the asset.  However, Gates quickly added that his foundation focuses on using forms of digital currency inContinue reading “Microsoft’s Bill Gates says he has taken a neutral view on Bitcoin”

US Department of Justice charged three computer programmers who apparently belong to the infamous North Korea-affiliated hacker group known as Lazarus for attempting to steal and extort over $1.3 billion in fiat and cryptocurrency from financial institutions. The charges also accused the trio of deploying “multiple malicious cryptocurrency applications” and “fraudulently market a blockchain platform.” FederalContinue reading “US DoJ charges North Korean hackers over crypto theft and attacks”

The price of Bitcoin has been recording new ATHs this week and many have an opinion about how high the popular digital asset may rise this bull run. Former White House Director of Communications, Anthony Scaramucci is one of them. The financier recently shared his opinion on where Bitcoin will be heading. “I do think weContinue reading “Here’s why ‘we will see $100K in Bitcoin before the year end’”

Bitcoin has come a long way… gone are the days when people used BTCs to buy pizzas! Recently, a UK-based private airline firm said that it received 19% of its yearly revenues from customers who paid for tickets with Bitcoin. The airline, PrivateFly, found that transactions in the digital currency accounted for a marginal amountContinue reading “UK jet firm: 19% of travellers paid for tickets in Bitcoin”

Ever since Bitcoin surged past the $50,000 mark, many in the crypto ecosystem have been optimistic about the future price of the asset. As predicted by most bulls, the price of Bitcoin breached $52,000 across major exchanges and was trading at $52,511.72 with a 24-hour trading volume of $68,135,845,464. At press time, the digital currencyContinue reading “Bitcoin surges past $52,000!”

On 17 February, Bitcoin traded above the $51,000 mark and reached $51,715 at 9:50 AM UTC. The recent surge can be attributed to mainstream adoption after Tesla, MasterCard, MicroStrategy, and others announced their BTC-focused plans, one after the other.  However, strategists at JP Morgan are of the opinion that the current price of Bitcoin isContinue reading “What needs to happen for Bitcoin to maintain current high price levels?”

Leading money-management firm BlackRock, which has over $6.5 trillion in assets under management revealed its approach to Bitcoin. According to Rick Rieder, chief investment officer at BlackRock, the asset manager “is starting to dabble” in the BTC market. In a recent interview at CNBC Squawk Box, the CIO was of the opinion that the technologyContinue reading “Asset manager BlackRock ‘is starting to dabble’ in Bitcoin market”

Three weeks after Coinbase officially announced its plan to go public by way of a direct listing, the firm’s total company value has been estimated at $77 billion. The valuation from Nasdaq is based on Coinbase’s privately held shares. Each of these shares is trading at $303 on secondary markets according to reports. Overall, theContinue reading “Ahead of Coinbase public listing, company valued at $77 billion”

Marques Brownlee, a popular Youtube influencer, told his 13.6 million subscribers that representatives allegedly offered him a deal to promote Tron. They required him to publish a tweet about TRX.  Brownlee claimed that Tron’s representatives sent an email that stated how other celebrities had endorsed Tron in the past for their Twitter campaign. In aContinue reading “Youtuber claims representative wanted to pay him for promoting Tron”

While BSV’s Craig Wright (who claims to be Satoshi Nakamoto) criticizes bitcoin, his sister (also a crypto trader) made a bullish case for Bitcoin. According to Lisa Edwards’ projection, the price of Bitcoin could reach $142,760 in a few years. On 16 February, Edwards published a chart on Twitter that appeared to predict the aforementioned priceContinue reading “Bitcoin will reach $142,000, says Craig Wright’s sister”