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“#Sham crypto exec busted for investor fraud” An executive of a pair of sham cryptocurrency companies — endorsed by action movie star Steven Seagal — was busted by the feds Monday for defrauding investors then staging his own disappearance. John DeMarr, 55, of Santa Ana, Calif., allegedly used investors’ money to buy a Porsche, jewelry…
“#Robinhood limits crypto trading as Bitcoin, Dogecoin surge” Robinhood moved to restrict users from hastily buying cryptocurrencies Friday as the prices of two popular digital coins surged. In a post on its website, Robinhood said it temporarily disabled “Instant Deposits” for cryptocurrency purchases. That means users won’t be able to buy digital currencies with money…
“#Cryptocurrency exchange Coinbase to go public via direct listing” Coinbase Global will list on the stock market via a direct listing, the US cryptocurrency exchange said in a blog post Thursday. Reuters had reported in July the company was exploring going public via a direct listing. A direct listing allows insiders to sell instantly and without…
“#Bitcoin falls more than 10 percent on fears of US crackdown” The price of bitcoin plunged more than 10 percent on Thursday amid fears of a US regulatory crackdown on the controversial cryptocurrency. Janet Yellen, President Biden’s pick to head the Treasury, gave investors the jitters when she voiced worries this week that the anonymous…
“#Man who lost password to $220M worth of bitcoin says he’s ‘made peace’” A San Francisco man who lost the password to a thumb drive with $220 million worth of bitcoin inside says he has “made peace” with the loss. Stefan Thomas has used 8 of the 10 attempts allowed by a secure thumb drive…
“#Meet the Bitcoin investors who got insanely rich off crypto” It’s the revenge of the tech nerds. “I got my first bitcoin in December 2012, as a gift,” said John Ratcliff, a video game developer who lives near Pikes Peak in Colorado. Back then, the novel token was worth a measly 13 bucks. “I sort…
“#Two NYC bars could make US history by selling for Bitcoin” A Big Apple bar owner is bowing out — and banking on Bitcoin with what could be the first cryptocurrency-only restaurant sale in the US. This week, Patrick Hughes put his side-by-side Hell’s Kitchen watering holes, Hellcat Annie’s and Scruffy Duffy’s, up for sale….
“#Jack Dorsey rails against proposed cryptocurrency rules” Tech tycoon Jack Dorsey is fighting a federal proposal that would force one of his companies to more carefully track cryptocurrency transactions. The Twitter co-founder slammed the US Financial Crimes Enforcement Network’s proposed rules in a lengthy open letter on behalf of Square, the digital payments giant that…
“#Bitcoin hits new high, edges closer to $30,000” Bitcoin hit a new all-time high on Wednesday, with the cryptocurrency creeping ever closer to the $30,000 mark. The value of one bitcoin hit a record $28,599.99 Wednesday morning, exactly two weeks after breaking through the $20,000 barrier for the first time ever. The value of the…
“#XRP cryptocurrency plunges after SEC charges creator Ripple” Digital currency XRP plunged on Wednesday as the feds sued Ripple, the tech firm that created it. XRP’s price sank more than 30 percent to 34 cents as of 10 a.m. after the Securities and Exchange Commission accused Ripple of illegally raising more than $1.3 billion by…