“In New York we always go big, so I’m going to take my first THREE paychecks in bitcoin when I become mayor,” Adams posted on his Twitter account. “NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!” The tweet, which comes …
Read More »Squid Game crypto token plunges to $0 as creators steal millions from investors in ‘obvious scam’
Squid, initially launched last week at just 1 cent, jumped 7,500% from $37 on October 31 to $2,850 per coin on Monday. However, within just a few minutes, the token’s value collapsed to $0.0008, according to crypto-tracking website CoinMarketCap. Crypto analysts at Gizmodo say such things happen when cryptocurrency creators …
Read More »El Salvador is set to use wide range of renewable energy for crypto-currency mining, country’s Hydroelectric Commission says
“The possibilities are endless here, it’s just about willpower and that we have the means and the ability to start these projects,” Daniel Alvarez, president of the state-run Lempa River Hydroelectric Executive Commission (CEL) revealed on Friday, stating that El Salvador has resources to generate electricity for the mining process …
Read More »Experts warn of ‘extreme greed’ territory for bitcoin as crypto pushes toward $60,000
Bitcoin was trading around $58,000 as of 6:00 GMT on Thursday, up about 5% from the previous close. It dipped below $55,000 briefly on Wednesday, after trading in a tight range over the past few days. Some analysts claim the current rally is driven by increased speculation around the possibility …
Read More »US forms team to crack down on crypto crimes… Just like JP Morgan’s Jamie Dimon called for
The NCET will oversee probes into “crimes committed by virtual currency exchanges, mixing and tumbling services, and money laundering infrastructure actors,” the Justice Department said in a news release on Wednesday. Its primary tasks will be to “deter, disrupt, investigate and prosecute criminal misuse of cryptocurrency, as well as to …
Read More »Crypto-friendly El Salvador mines first bitcoin with energy from volcanoes
The mining operation, run by the state-controlled energy company LaGeo SA de CV, managed to generate 0.00599179 bitcoin, or about $269, using geothermal power from volcanoes, Bukele tweeted. Earlier this week, the president shared on Twitter a video of government-branded shipping containers carrying digital-currency miners to an energy facility in …
Read More »Bitcoin crashes after China rules all crypto-related transactions illegal
The regulator announced plans to bar financial institutions, payment companies and internet firms from facilitating cryptocurrency trading, as well as to strengthen monitoring of risks from such activities. “Overseas virtual currency exchanges that use the internet to offer services to domestic residents is also considered illegal financial activity,” the PBOC …
Read More »When and how does the US government plan to regulate the world of crypto? RT’s Boom Bust finds out
Democrats and Republicans are united in their stance that the government needs to act in order to protect investors. Boom Bust co-host Christy Ai is joined by Jeffrey Tucker of the Brownstone Institute to explore when and how the US government plans to regulate the world of crypto.
Read More »US regulators threaten to sue Coinbase over crypto lending program
According to Paul Grewal, Coinbase’s chief legal officer, the company received a Wells notice from the commission. “The SEC has told us it wants to sue us over Lend. We have no idea why,” Grewal said in a blog post, adding that the SEC has told Coinbase it considers Lend …
Read More »Why does the crypto industry continue to grow amid global crackdown? Boom Bust finds out
RT’s Ben Swann and Christy Ai talk about the reasons for the crypto industry’s continued growth despite tighter regulation. For more stories on economy & finance visit RT’s business section
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