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“# Vinnik’s attorney appeals against 5-year prison sentence ” The defense team of Alexander Vinnik, an alleged Bitcoin launderer who was sentenced to a five-year prison term, disagrees with the court’s decision. According to a Dec. 18 report by Russian news agency Kommersant, Vinnik’s attorney Frederic Belot has appealed the French court’s judgement, arguing that the…
“# US Treasury to hire crypto policy officers to combat industry crimes ” The United States Department of the Treasury is looking for expert advice on cryptocurrencies to tackle legal challenges associated with the industry. The U.S. Treasury’s bureau, Financial Crimes Enforcement Network, or FinCEN, has posted two job applications for crypto policy officers. The…
“# Can gold and Bitcoin coexist? Goldman Sachs says yes ” Bitcoin’s (BTC) parabolic surge in 2020 will not hurt major traditional assets like gold, according to Goldman Sachs. One of the world’s biggest investment banks, Goldman Sachs reportedly sent a note to investors, reassuring its clients that Bitcoin does not pose an existential threat…
“# Twitter loses its mind over rapper’s ‘$1M Bitcoin giveaway’ … worth $11 each ” Cash App, the Bitcoin-friendly payments application from U.S. financial services company Square, has teamed up with Grammy-nominated rapper Megan Thee Stallion on a $1 million Bitcoin giveaway. Megan announced the promotional campaign via Twitter on Dec. 17. The post has…
“# Urgent plea to prevent auction of $1.6B Bitcoin seized from Silk Road hacker ” Bitcoin influencer Pierre Rochard has called on lawmakers to prevent more than $1.6 billion worth of seized Bitcoin from being auctioned, proposing instead that confiscated coins be put into a strategic BTC reserve. Rochard, a Bitcoin maximalist behind the recent…
“# Litecoin, Dogecoin and large-cap altcoins rally as Bitcoin price hits $23.8K ” Litecoin (LTC) and Dogecoin (DOGE) are rallying strongly as Bitcoin (BTC) fights to stay above $23,800. Many analysts say the surge in large-cap altcoins is directly connected to Bitcoin’s price action and historical data shows the two tend to move in tandem when…
“# DeVere CEO says Bitcoin will rise 50% and ‘possibly double’ in 2021 ” Bitcoin’s (BTC) parabolic rally is only just getting started, according to Nigel Green, founder and CEO of the Dubai-based financial advisory firm deVere Group. In an article that was published to Newsmax on Thursday, Green boldly proclaimed that Bitcoin will have…
“# Bitcoin bull market pulls Kusama (KSM), Decred (DCR) and Qtum price higher ” Since breaking through the critical psychological resistance at $20,000, Bitcoin (BTC) price has moved even higher. In the early trading hours, the top-ranked digital asset pushed as high as $23,800 before pulling back to $23,000 but the trend of investors purchasing each…
“# WEF’s crypto council explores utility beyond ‘price speculation’ in inaugural review ” The World Economic Forum’s cryptocurrency working group published its inaugural review on Thursday — its first step in communicating the application of digital assets in finance and beyond. In a 38-page report, the Forum’s Global Future Council on Cryptocurrencies highlights the various…
“# One exchange is trying to make debt tokenization a thing in crypto ” An increasing number of mainstream financial activities have become blockchain integrated in line with the growing crypto segment. Now tokenized debt markets are entering the space as well. “CoinFLEX has created a new market for short-term commercial paper, enabling private companies…