About Author:
Anthonia Isichei
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
The cryptocurrency market witnessed a bitcoin price slump in the early hours of May 17, 2019. Speculations, however, point to a 5,100 BTC dump that occurred on the Bitstamp exchange as the likely reason for the price plunge. Profit Scraping or Market Manipulation? A huge dump on the Bitstamp exchange...
Andrew Yang, the Democrat who is among the contenders for the 2020 U.S. presidential race, has big plans for cryptocurrency and blockchain technology. According to Bloomberg on May 15, 2019, Yang is solidly behind the nascent industry and if elected, would champion cryptocurrency-friendly regulations in the United States. Billion-dollar Sector...
With bitcoin currency currently sitting at above $8,000, there have been reactions and talks about the coin’s ability to maintain the price level and break through. Speaking on a CNBC panel on May 15, 2019, two analysts predict that bitcoin’s fatigue could possibly cause a price pullback despite its current surge. Bitcoin...
San Francisco has set the record as the first US state to ban the use of facial recognition technology. Per a report on Engadget, May 14, 2019, the state made the decision in order to protect residents from the government’s constant surveillance. With the pressure on regulators and government agencies on the...
In a new development regarding the lawsuit brought against Floyd Mayweather and DJ Khaled by some aggrieved Centra Tech ICO investors, a US federal judge has dismissed the case. According to a court document on May 13, 2019, the judge granted an omnibus order on motion to dismiss, on the grounds that...
Alex Tapscott, the co-founder of the blockchain company NextBlock, has reached an agreement with the Ontario Securities Commission after producing "misleading content". Per the report by The Globe and Mail on May 13, 2019, the entrepreneur, aside paying the sum of $300,000 as penalty fine, will also be giving lectures on ethics...
According to a press release issued May 9, 2019, Figure Technologies in conjunction with Jefferies and WSFS Banking Services recently completed a $1 billion asset-based loan facility on the Provenance blockchain. The partnership will see Figure’s Provenance blockchain handling the full spectrum of loan financing for dealers, funds, banks to...
Zebpay CEO, Ajeet Khurana, says he doesn’t believe India would ban bitcoin despite numerous reports in the media that the government is considering a blanket cryptocurrency prohibition. Meanwhile, Khurana’s Zebpay is set to expand operations into Australia, a country currently experiencing increased cryptocurrency adoption. India Won’t Ban Bitcoin Speaking during...
The U.S. Federal Trade Commission (FTC) recently filed a lawsuit against a crowdfunder who diverted customers’ funds to purchase bitcoin. According to The Next Web, the entrepreneur raised funds over $800,000 to buy iBackPacks but instead diverted the funds to personal use such as buying crypto and paying off credit cards debts....
News from China reveals that Chinese instant messaging giant, WeChat, has prohibited bitcoin and cryptocurrency transactions, following an upgraded payment policy. This latest move by the company would adversely affect over-the-counter (OTC) and peer-to-peer traders who depend on these platforms to do business. WeChat’s ban further reveals that China is not...
