Crypto News Center

David Marcus Opens Up On Libra “Kill Job”

By Mark Hunter 2 days agoMon Dec 02 2024 08:00:48 Reading Time: 2 minutes Former Libra head David Marcus has opened up on the experience Marcus quit in 2021 when the project was already on a path nowhere Marcus called the death of Libra “100% a political kill” The former head of Meta’s Libra cryptocurrency has opened up on the “kill job” that eventually saw the coin’s lofty ambitions end...

Here's Why XRP Whales May Prefer U.S. Exchanges Over Offshore Venues

XRP's order book on U.S. exchanges is 30% more liquid than offshore platforms. The greater the liquidity or market depth, the easier to execute large transactions at stable prices. XRP is having its moment not just in terms of price rally but also enhanced liquidity on U.S. exchanges, a positive development for whales looking to trade large quantities at stable prices stateside. As of Thursday, U.S. exchanges, including Nasdaq-listed Coinbase...

Edward Snowden Highlights Political Pitfalls and Privacy Issues in BTC at Bitcoin 2024 Event

The renowned whistleblower Edward Snowden, former CIA and NSA contractor, delivered a powerful speech emphasizing the pitfalls of political allegiance and the privacy concerns surrounding Bitcoin. He urged individuals to participate in voting but warned against blindly following political ideologies. Snowden’s Bitcoin 2024 Keynote: Vote Independently and Beware of Bitcoin’s Privacy Risks During his keynote at the Bitcoin 2024 conference, Edward Snowden highlighted the importance of political participation without succumbing...

Nigeria restarts $35M money laundering case against Binance

Homepage > News > Business > Nigeria restarts $35M money laundering case against Binance Nigeria’s financial crimes watchdog has amended its lawsuit against Binance and one of its executives, accusing the exchange of laundering over $35 million. The Economic and Financial Crimes Commission (EFCC) submitted the amended lawsuit to Justice Emeka Nwite of the Federal High Court in Abuja this week, local outlets report. It alleges that Binance and its ...

FBI Creates Crypto Token to Expose Fraud — Seizes $25M in Cryptocurrency, Charges 18

Eighteen individuals and entities have been charged with fraud and market manipulation in the cryptocurrency industry. The charges involve deceptive practices such as wash trading and pump-and-dump schemes that inflated token prices, resulting in the seizure of $25 million in cryptocurrency. As part of “Operation Token Mirrors,” the Federal Bureau of Investigation (FBI) created a fake cryptocurrency company and token to uncover fraud in the market. FBI’s Operation Token Mirrors...

Liquor giant Brown-Forman’s stock rises as it signals growth ahead despite market challenges

Earnings Results Liquor giant Brown-Forman’s stock rises on growth signals ahead despite market challenges Company seeing traction in international markets as well as a boost from Woodford Reserve and Old Forester whiskeys Last Updated: Dec. 5, 2024 at 3:46 p.m. ET First Published: Dec. 5, 2024 at 8:56 a.m. ET Referenced Symbols Brown-Forman Corp.’s stock rose 11% as the top gainer in the S&P 500 on Thursday after the liquor...

Gemini to Close all Canadian Accounts

By Mark Hunter 2 months agoTue Oct 01 2024 08:58:28 Reading Time: 2 minutes Gemini has announced it will close all Canadian accounts by the end of 2024 Canadian customers have been given 90 days to withdraw their assets, starting September 30, 2024 This decision follows tightening regulatory requirements for cryptocurrency exchanges in Canada Gemini has informed its users that all customer accounts in Canada will be shut down by...

Dirty Pop—How blockchain tech can help prevent Ponzi scams

Homepage > News > Business > Dirty Pop—How blockchain tech can help prevent Ponzi scams I recently watched ‘Dirty Pop: The Boy Band Scam’ on Netflix. I was simultaneously enthralled and horrified by how Lou Pearlman, the music mogul behind the Backstreet Boys and NSYNC, ran one of the biggest Ponzi schemes in American history. Pearlman stole approximately $300 million from investors, banks, friends, and family. He had convinced them...

Charles Hoskinson says voting for Kamala Harris is a threat to US crypto sector

Cardano's founder believes Kennedy is "one of the brightest and highest integrity candidates to run for the presidency." Key Takeaways Hoskinson and Winklevoss criticized the Biden-Harris administration's actions against the crypto industry, warning that a Harris presidency could further harm the sector. The Democrats reportedly launched a new campaign to win support from crypto voters and strengthen Harris's campaign. Charles Hoskinson, the founder of Cardano, warned that voting for Kamala...

Spot Ethereum ETFs End 6-Day Drought With $90 Million Inflow — Will Ether Price Respond?

Investor interest in the spot Ethereum ETFs (exchange-traded funds) appeared to have waned after failing to register a net inflow day for six consecutive days. However, the cryptocurrency products ended the week on a high with a substantial capital influx on Friday, November 22. This capital inflow represents a shift in investor sentiment, which has not particularly been positive over the past few days. Nonetheless, the market would be hoping...