A case of fake identities led to nearly $1 million in money laundering. Arinze Michael Ozor of Bowie, Maryland, a dual citizen of the US and Nigeria, pleaded guilty on January 3 to federal charges of false use of a passport. The 36-year-old used false passports for…
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Seminal bitcoin casino, Bitcasino is rolling out a massive bitcoin, ether, litecoin, and Tron giveaway program to show appreciation and reward its loyal customers for being there for it in the past six years. Six Years of Excellence Since Bitcasino went live in 2014, it has grown…
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After six days in the green, Bitcoin (BTC) saw a sharp drop on Wednesday where it plunged from over $8,300 to $7,800 in a span of hours. This steep drop of at least 8% came after US President Donald Trump announced that he will not be pursuing…
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If one cryptocurrency can carry the weight of financial adoption on its back, it could very easily be XRP. In recent times, Ripple has made quite a bit of progress with popularizing XRP. Its On-Demand Liquidity (ODL) feature, formerly known as xRapid, is pretty much the closest…
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Investment professionals at Pimco, a multinational asset management company focusing on active fixed income management, argue that monetary policy easing by central banks, a key strategy for supporting global economic growth in 2020, might not be able to help fight an upcoming recession. Joachim Fels, economic advisor…
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The Export-Import Bank of China (China Exim Bank) has completed its first exchange payment using a blockchain platform, marking another milestone in the country’s efforts to “seize the opportunity” of the emerging technology. In October of 2019, President Xi Jinping announced that China would embrace blockchain across…
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The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) has announced its top priorities for 2020. The list, released on Tuesday and published annually, contains categories that are viewed as potential risks to investors and US capital markets. Digital assets are identified as one…
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The Cardano Foundation shared the goals it achieved during 2019, which could pave the way for ADA’s price action this year. Cardano’s 2019 review In a recent blog post, the Cardano Foundation revealed that 2019 was a “transformational” year for the non-profit organization as well as for…
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Crypto lender BlockFi has added support for USD Coin (USDC) and Litecoin (LTC) across all of its offerings.  Announced Wednesday, users of BlockFi Interest Accounts (BIA) can now deposit these two currencies to either earn monthly compounding interest on them or take out U.S. dollar-denominated loans against…
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Bitmain, the largest cryptocurrency mining in the company, is busy reorganizing its business. The organization has engaged in large-scale layoffs in recent times. Now Micree Zhan, the company’s ousted co-founder, is calling it a “near-suicidal” mistake. Zhan relationship with Bitmain Zhan was one of the co-founders of…
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