Bitcoin (BTC/USD) worth $6.8 million held by the DarkSide ransomware group, which was involved in the Colonial Pipeline attack in May, is on the move, analytics company Elliptic reported, cited by CoinDesk. The analyst associates the activity with another ransomware group – REvil, which is closely connected to DarkSide. Ransom was dormant until yesterday After […] [Read More...]

Chinese authorities are now going hammer and tongs to decimate the crypto mining industry in the country. As a result, some big players are now looking to make Hong Kong their base of operations. On Friday, October 8, Powercrypto Holdings – a subsidiary of Powerbridge Technologies – has announced to launch a fleet of crypto […] [Read More...]

The latest Global Financial Stability Report by IMF highlighted the volatility factor in virtual currencies. While IMF stated that the crypto sphere opens pathways to several new opportunities including improved and affordable cross-border payments; it also alerted people that the digital currency assets pose financial stability challenges. “The rapid growth of the crypto ecosystem presents […] [Read More...]

Huobi Global, the top cryptocurrency exchange for Chinese users became the first crypto platform to announce the termination of services in the country. The announcement comes in the wake of China’s latest call for a crypto crackdown. The popular crypto exchange has closed new registrations using mainland China mobile numbers. However, new registrations are still […] [Read More...]

According to Cuba’s official news agency, Prensa Latina’s reportage, the Cuban Central Bank issued its Cryptocurrency Resolution No. 215 on September 16, which has set off virtual currencies as a legal method of commercial transactions in Cuba, effective immediately. Furthermore, the Bank’s Crypto positive resolution was set forth with the demand that crypto businesses are […] [Read More...]

MasterCard has continued expanding its presence in the cryptocurrency sector, with the latest reports detailing it has completed the acquisition of CipherTrace Yesterday, MasterCard disclosed that it had reached an agreement to acquire crypto tracing firm CipherTrace. The financial services giant plans to adopt CipherTrace’s services into its platform to improve cybersecurity around its digital […] [Read More...]

Solana ($SOL), the seventh-largest cryptocurrency by market seems to be in hurry to stall its current bullish momentum. The altcoin posted a new all-time-high (ATH) earlier today of $150.4 and is up 70% over the past week. The market cap of $SOL grew over $42 billion helping it replace Dogecoin ($DOGE) to take the seventh […] [Read More...]

The Supreme Court lifted the CDC’s eviction ban. AP Photo/Elise Amendola The Supreme Court on Aug. 26, 2021, ended the Biden administration’s ban on evictions, putting millions at risk of losing their homes. The ruling, by a divided court, said the Centers for Disease Control and Prevention exceeded its authority in continuing a moratorium on […] [Read More...]

WorldLine, a major payments services provider in Switzerland has partnered with leading crypto financial services provider, Bitcoin Suisse to launch WL Crypto Payments, a payment products that will promote the ease of transactions digital currency transactions amongst merchants. As unveiled by the firm, the new cryptocurrency powered payment offering will let as many as 85,000 […] [Read More...]

A third of young adults in NJ have ‘boomeranged’ back to their parent’s homes over the past year, poll finds. Q2 2021 hedge fund letters, conferences and more ; The Boomerang Generation ‘Boomerangers’… ‘Going Nowhere Generation’… ‘Growing Ups’… ‘Failed Fledglings’… Whichever term you choose to associate with the rise in adult kids moving back in […] [Read More...]

Tezos (XTZ/USD) is a project that revolutionized the way of implementing upgrades into its system by rolling them out without the need to conduct hard forks. The project has just completed the launch of its seventh upgrade of this kind, called Granada. The upgrades’ purpose is to bring beneficial changes to the project’s network and […] [Read More...]

Peter Schiff, the CEO of Euro Pacific Capital and a known gold enthusiast has taken to Twitter against MicroStrategy’s CEO, Michael Saylor’s stance. Schiff mocked Saylor on his recent comment about holding BTC “forever”. Peter Schiff calls Saylor “mad” and argues that BTC has no value, so even if Saylor takes it with him to […] [Read More...]

Consolidations are normal. Markets breathe in and breathe out. They zig and they zag. They rarely get as extended to the upside as they did in early September 2020, and now in July 2021. Q2 2021 hedge fund letters, conferences and more The Nasdaq 100 Index Leads The Nasdaq Composite A current case in point […] [Read More...]

Marina del Rey, CA, July 16, 2021 (GLOBE NEWSWIRE) — Stories about BitClout have been making the rounds on new sites and have sparked lively conversations across social media. Before we dive into what BitClout is, it’s worth taking the time to understand another trending technology —  NFTs. Unlike in the real physical world, digital objects […] [Read More...]

In an official declaration, the Israel Investment Fund Group (IIFG) has announced that it has invested a massive $2.3 billion in Bitcoin. This Fund Group manages the sovereign wealth fund of Israel. The announcement notes that the latest Bitcoin investment comes as part of their portfolio diversification strategy. It also notes that the global strategic […] [Read More...]

Stanphyl Capital’s commentary for the month ended June 30, 2021. ; Q 2021 hedge fund letters, conferences and more Friends and Fellow Investors:  ……….. Regarding gold, despite a rapidly increasing rate of inflation as evidenced yet again this month in CPI, PPI and even the Fed’s nonsensical PCE core, the market (for now) seems to […] [Read More...]

Tesla’s Chief Executive Officer Elon Musk will be having a chat with Twitter’s Chief Executive Officer Jack Dorsey during the Bitcoin event. Both of them agreed to a meeting during a Twitter conversation which began with a tweet from Dorsey promoting the event. For the Bitcurious? Very well then, let’s do it ? — Elon […] [Read More...]

On Friday, June 18, Chinese authorities intensified their crackdown on crypto mining activities in the Southwestern Sichuan province. The authorities issued the notice to local miners to shut down their operations on an immediate basis. As reported by Reuters, the joint notice came from The Sichuan Provincial Development and Reform Commission, and the Sichuan Energy […] [Read More...]

Twitter and Square Inc CEO Jack Dorsey seems to have doubled down his efforts on Bitcoin development and is very much bullish on the future of Bitcoin (BTC). Speaking at the ongoing Bitcoin 2021 Conference Dorsey said that Bitcoin is probably the single most important thing to work on in his lifetime. “Bitcoin changes absolutely […] [Read More...]

In his recent interview with Yahoo, Bruce Greenwald discussed why there is no chance Tesla will dominate the car market in twenty years from now. Here’s an excerpt from the discussion: Q1 2021 hedge fund letters, conferences and more Tesla Will Not Dominate The Auto Market Host: So just to follow that point that would […] [Read More...]