During a Senate Banking Committee hearing, JPMorgan Chase CEO Jamie Dimon expressed strong opposition to cryptocurrencies, suggesting that the government should ban them.
Jimmy Zhong, initially a victim of a cryptocurrency theft, has emerged as the criminal mastermind behind one of the most colossal bitcoin thefts in history, ending the mystery of a $3 billion theft from the dark web’s infamous marketplace, Silk Road.
An FBI investigation has uncovered a shadowy “cash-for-Bitcoin” scheme in New York City, where a group has been accused of laundering at least $30 million through a covert service aimed at helping crooks wash cryptocurrency they steal.
Members of the House Financial Services Committee from both parties, including GOP whip Rep. Tom Emmer (R-MN) have written to the SEC urging the agency to stop blocking the approval of various cryptocurrency ETFs.
The U.S. Securities and Exchange Commission has accepted six spot bitcoin exchange-traded funds (ETF) applications for review. The agency has taken an aggressive stance against cryptocurrencies under President Joe Biden.
Democratic presidential candidate Robert F. Kennedy Jr. told attendees at the Bitcoin 2023 conference in Miami Beach, Florida, Friday he would defend the digital currency as a check on centralized government power.
It isn’t a surprise big financial institutions welcomed these rules: they have the resources to comply while SMEs may not.
The collapse of Silicon Valley Bank has resulted in finger-pointing and blame being passed around the financial tech industry. The cryptocurrency sector and the traditional tech sector are busy blaming each other over the massive failure of the tech industry’s favorite bank.
Without proper regulatory oversight, FTX will not be the last crypto exchange to collapse, Breitbart Economics Editor John Carney explained.
Cryptocurrencies like Bitcoin should be banned due to their “excessive ecological footprint”, a top European Central banker said this week.
Cryptocurrency lender and financial services firm BlockFi has filed for bankruptcy as the fallout of Democrat super donor Sam Bankman-Fried’s FTX exchange collapsing continues to spread.
According to a recent report from Coindesk, more than 50 percent of Bitcoin addresses are now in the red for the first time since the start of the coronavirus-induced crash of March 2020.
FTX founder Sam Bankman-Fried may have inflated the amount of funds on his failed exchange by “exaggerating the returns or stuffing them,” Breitbart Economics Editor John Carney explained.
El Salvador marked the anniversary of its adoption of bitcoin as legal tender this month following a year of dramatic ups and downs fueled by severe crashes in the value of the cryptocurrency.
Boom Market Goes Bust: Trading Volume on OpenSea NFT Marketplace Craters 99% from May Peak
Last year, Tesla invested $1.5 billion in Bitcoin, stating that the digital currency had “long-term potential.” Since then, the company has sold three-quarters of its holdings despite this rosy outlook on Bitcoin’s future.
Rep. Tom Emmer (R-MN) told Breitbart News that Bitcoin and other digital currencies can serve as a check on bad monetary policy as Americans continue to feel the brunt of record-level inflation.
The UK is trying to find out who hacked the army´s social media accounts over the weekend, flooding them with cryptocurrency videos.
El Salvador’s President Nayib Bukele told his constituents on Saturday night to stop worrying about the price of bitcoin and “enjoy life.” At Bukele’s urging, El Salvador became the first country to accept bitcoin as legal tender in June 2021.
Coinbase, the cryptocurrency exchange that spent millions of dollars on Super Bowl ads just months ago, is now laying off thousands of employees as cryptocurrency prices crash yet again. Coinbase isn’t alone in this reversal of fortune — Crypto.com is laying off staff just months after its widely mocked Super Bowl ad starring Matt Damon.
Microsoft founder Bill Gates recently discussed cryptocurrency and NFTs, stating that the asset trends are “100% based on greater fool theory.” Gates added, “I do think people get bought into these manias, who may not have as much money to spare. So I’m not bullish on bitcoin.”
Crypto trading platform Coinbase will cut 18 percent of its staff with CEO Brian Armstrong warning of a worldwide recession and the possibility of a “crypto winter.”
The head of Europe’s ECB has claimed that crypto assets are “worth nothing”, but that a future centrally controlled digital Euro would be valuable.
As cryptocurrency continues to crash in value, Matt Damon is being mocked for starring in a commercial for Crypto.com less than a year ago.
The president of El Salvador, Nayib Bukele, announced on Monday that his nation had spent $15.3 million to purchase an additional 500 Bitcoins to add to the nation’s cryptocurrency reserves.
Billionaire investor Warren Buffett has once again lashed out at cryptocurrency and Bitcoin, stating that he wouldn’t buy “all of the Bitcoin in the world,” even if he could for the price of $25.
The parliament of the Central African Republic (CAR) passed a bill last week legalizing Bitcoin and other cryptocurrencies as official forms of currency, CAR’s presidency announced Wednesday.
Billionaire venture capitalist Peter Thiel recently took shots at Warren Buffett, referring to him as a “sociopathic grandpa from Omaha,” and Bitcoin’s “enemy number 1” Thiel’s fiery remarks came during a recent Bitcoin conference in Miami, Florida.
German investigators on Tuesday shut down a Russian-language darknet marketplace that they say specialized in drug dealing.
Teeka Tiwari, a crypto investment expert, said the Russia-Ukraine conflict will contribute to a rise in Bitcoin’s value over time.
Cryptocurrency expert Teeka Tiwari’s PickoftheDecade.com presentation helps investors understand the revolutionary blockchain technology powering the crypto market.
President Biden issued a highly anticipated executive order on cryptocurrency earlier today. The order mentions “national security” twenty times, and stresses the importance of maintaining the dominance of the U.S. dollar.
A digital dollar would be easier for the federal government of the United States to control than cash, but make it more susceptible to inflation and government controls than open-source currencies like Bitcoin.
Coinbase, one of the world’s top cryptocurrency exchanges, says it has blocked 25,000 cryptocurrency addresses linked to Russia, and released a statement saying it is “committed to complying with sanctions.”
The Internet Corporation for Assigned Names and Numbers (ICANN), the nonprofit that coordinates management of the global internet, has said it will not act on Ukraine’s demand to cut Russia off from the internet.
Binance.com, the world’s largest centralized cryptocurrency exchange, has rejected calls from the Ukrainian government to blacklist Russian users, saying it would “fly in the face” of the pro-freedom values of cryptocurrency to stop ordinary users from accessing the service.
In a speech at CPAC, Sen. Ted Cruz (R-TX) praised Nunchuk.io, a Canadian-based provider of custodial Bitcoin (BTC) wallets, for mocking the Canadian government’s lack of understanding of cryptocurrency after it received a demand to freeze wallets connected to the Freedom Convoy truckers — a demand it is technologically incapable of meeting.
Bitcoin and other cryptocurrency prices plummeted after Russia attacked Ukraine on Wednesday, but have partially recovered. Bitcoin was down as much as 8 percent following Russia’s invasion, but by Thursday afternoon had recovered much of the drop.
El Salvador President Nayib Bukele denounced on Wednesday an effort by U.S. senators to introduce legislation that would “mitigate potential risks to the U.S. financial system” allegedly posed by El Salvador’s adoption of the cryptocurrency Bitcoin as a legal tender.
Cryptocurrency trading company Coinbase is attempting to reassure its customers that its platform is stable following a Super Bowl ad featuring a bouncing QR code linking to a signup page for new accounts which promptly crashed the entire website. Coinbase claims the massive response led it to “temporarily throttling our systems.”