The third Bitcoin “halving” took place Monday afternoon, putting the inflation rate of this populist Internet money below the targeted annual inflation of the U.S. dollar.
Two Chinese nationals were charged by the Treasury Department on Monday with laundering over $100 million worth cryptocurrency that had been stolen by North Korean hackers, US prosecutors said.
An Ohio man has been arrested by federal authorities for running a “Bitcoin mixer” service on the dark web that helped to launder as much as $300 million in Bitcoin. The bitcoin allegedly laundered by the service are now worth $3.5 billion at the current valuation.
Burger King outlets in the crisis-struck nation of Venezuela will begin accepting various cryptocurrencies through a partnership with Cryptobuyer, the company announced on Thursday.
Google-owned video giant YouTube recently removed hundreds of cryptocurrency-related videos, apologizing shortly afterward and promised to reinstate banned videos and channels. So far, many are still offline.
U.S. Federal Reserve Governor Lael Brainard strongly criticized Facebook’s digital currency, Libra, on Wednesday. Brainard argued that Facebook’s digital currency project will face numerous regulatory challenges before it could be considered viable for public use.
Investors are calling for the body of cryptocurrency trader Gerald Cotten to be exhumed after they learned that at the time of his death, he had sole access to $137 million in bitcoin and other cryptocurrencies held by investors on the Quadriga CX trading platform.
E.U. officials have established tough hurdles for Facebook’s proposed cryptocurrency Libra as well as other private digital currencies, saying they shouldn’t receive regulatory approval until the risks they pose are better understood.
Venezuelan dictator Nicolás Maduro has called for his country to become a leading “crypto-nation” with the use of his scam “Petro” cryptocurrency, declaring that it will help promote “growth and prosperity” in the crisis-stricken socialist state.
Facebook’s Libra cryptocurrency has been dealt a major blow as partners eBay, Visa, Mastercard, and Stripe announced in quick succession Friday that they are withdrawing from the project.
Two Senate Democrats have reportedly urged payment processors Visa, Mastercard, and Stripe to drop out of their partnership with Facebook’s new Libra cryptocurrency.
The U.S. Treasury Department on Wednesday announced a crackdown on the “Chinese drug kingpins fueling America’s deadly opioid crisis.” The individuals and organizations designated for Treasury action deal in powerful synthetic opioids like fentanyl and carfentanil, which are often mixed into other street drugs without the knowledge of customers, resulting in countless deaths by overdose.
A recent report states that EU antitrust regulators are beginning to question if Facebook’s Libra digital currency could cause antitrust issues.
The United Nations is investigating at least 35 cyberattacks thought to have been perpetrated by North Korean hackers against targets in 17 countries, with the goal of stealing or extorting enough money to finance the rogue Communist nation’s nuclear missile program.
Facebook’s embattled project to build its own cryptocurrency, dubbed “Libra” by the social network, may not happen at all, according to an SEC filing by the company.
During a recent hearing before the Senate Banking Committee, Senator Tom Cotton (R-AR) grilled a representative from Facebook about online censorship, financial blacklisting, and its Libra currency. He questioned what the progressive tech giant would do when a consumer wished to use Libra to subscribe to Breitbart News as opposed to a left-wing publication.
President Donald Trump faced a backlash from his online supporters last week after he condemned the Bitcoin cryptocurrency as “highly volatile” and a facilitator of illegal activity. Trump called for Facebook’s new “Libra” cryptocurrency to be regulated like a bank.
Fed Chairman Jerome Powell has stated that Facebook’s digital currency Libra cannot be allowed to operate until concerns about the project are addressed.
Sen. Josh Hawley (R-MO) stated in a recent interview that he believes Facebook is “expanding their monopoly” with its new Libra digital currency.
Facebook plans to launch its own currency named Libra in 2020. The Silicon Valley Masters of the Universe have unveiled more details about how the currency will operate, including a promise of privacy for its user, and the fact that the currency will be “governed” by the “Libra Association,” a group of Mark Zuckerberg’s fellow elites based in Switzerland.
Social media giant Facebook is expected to reveal its new digital cryptocurrency next week, backed by Visa, Mastercard, Uber, and others.
Democrat presidential candidates have been joined by a coterie of consultants and techies who are aiming at hitting an arbitrary target—a fundraising target—as a result of the DNC’s 2020 debate criteria. But more money in politics isn’t quite “the party of the people.”
Cryptocurrency analysts have made poor predictions for the performance of Facebook’s new GlobalCoin cryptocurrency set to launch in 2020.
Mark Zuckerberg’s social media giant Facebook reportedly plans to release its own cryptocurrency in 2020 called “GlobalCoin.”
A study from the U.K. Royal United Services Institute for Defense and Security Studies (RUSI) found North Korea using Bitcoin and other cryptocurrencies to circumvent international sanctions. The authors warned Pyongyang’s cybercrime network could “become a sustained security challenge” as it seeks more untraceable methods of laundering money and keeping its business secret from international regulators.
The U.N. Security Council will receive a report this week outlining North Korea’s remarkable success at evading sanctions against its nuclear missile program. According to the report, Pyongyang has been able to import petroleum, export coal, and sell weapons in spite of the toughest sanctions ever imposed against it.
Google reportedly hosted a “malware” app on its Google Play store that stole users’ cryptocurrency, leading tech site Ars Technica to claim the company “can’t be trusted to proactively keep malware out of Play.”
Twitter CEO Jack Dorsey offered some strong praise of Bitcoin in a series of tweets on Tuesday. Dorsey pointed out Bitcoin’s “strong brand” and resiliency.
Facebook is reportedly developing a new cryptocurrency to be used for transferring money via the popular messaging app WhatsApp.
Floyd Mayweather Jr. and DJ Khaled have been charged with unlawfully promoting cryptocurrency initial coin offerings, according to a press release from the SEC.
