Category: bitcoin

CHINA MOVES TO BAN BITCOIN ETC

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In Chinese media today the government is moving to ban bitcoin and transaction with it. Ten agencies, including the central bank as well as banking, securities and foreign exchange regulators, vowed to work together to root out “illegal” cryptocurrency activity, the first time the Beijing-based agencies have joined forces to explicitly ban all cryptocurrency-related activity. …

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NO SIGN OF MISSING TURKISH EXCHANGE BOSS

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Faruk Fatih Özer, Thodex’s founder, has disappeared , taking $108 million of investors’ funds with him. According to the state-run Anadolu Agency, Turkish authorities have now issued an international warrant seeking Özer’s arrest. The red notice is not widely honored around the world. Each nation has its own policies. Investigating the matter shows no arrest …

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BITCOIN SOFTENS EVEN WITH AGRESSIVE MARKETING

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After a recent high at $51,000 bitcoin has softened to around $44,000. Bitcoin fell hard yesterday but leveled off today. The US markets have also sold off a bit suggesting COVID-19 delta is a growing menace to the economy. US job opening reached a new high above expectations drive by logistical problems and skills shortaage. …

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SEC SUES BITCONNECT

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BitConnect founder Satish Kumbhani, 35, and promoter Glenn Arcaro, 44, are accused of breaking US fraud laws in a civil lawsuit brought this week by the SEC in New York City. All investors had to do was hand over their Bitcoin, or rather, lend BitConnect the cryptocurrency, and the biz’s bot would use it to …

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BITCOIN MINING IN ALBERTA SHUT DOWN

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Neighbors complained about Link Global’s plant in Sturgeon County — investigators found more than just noise. Inside they discovered a full stock bitcoin mining operation. Now, Link Global, the company behind the site, is being ordered by the province’s utility commission to shut down two plants until it can prove it’s allowed to operate. Vancouver-based …

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COINBASE ACCOUNTS PILPHERED

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Coinbase users across the country and found thousands of customer complaints against the company. Forums are lighting up like a Christmas tree. Reddit is especially active. It seems that accounts galore are being taken over suggesting credentials are copied probably from Coinbase’s user tables. Customer complains are festering away unanswered. If you receive a warning …

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LIQUID MUGGED FOR $90 MILLION

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A hacker stole $90 million worth of cryptocurrency from the Japanese Liquid. According to its website, the security of its platform is one of its main selling points. But that didn’t stop the hacker from stealing $90 million worth of cryptocurrency from the platform’s “warm wallet.” Liquid said in its incident report that its “teams …

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ARE HIGH VIDEO CARD PRICES HERE TO STAY?

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It seems that many who have made new PC builds have reported to have paid a staggering amount for an elite video card. The ongoing problems with the illicit bitcoin and its derivatives are driving prices to double or more above MSRP. Radeon cards are still double MSRP while RTX 3000 cards are slightly lower …

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COURT IN CHINA RETURNS 485,681 MSI RX 470 8GB CARDS

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Genesis Mining, one of the largest cloud providers of cryptocurrency mining services headquartered in Iceland, has today won a great deal with China’s Supreme Court. Genesis Mining filed a lawsuit in May 2019 to the Fuzhou Municipal Intermediate People’s Court demanding the return of 560,000 units of its GPUs as well as 60,580 units of …

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SENATE BANKING COMMITTEE BASHES BITCOIN

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The U.S. Senate Banking Committee put crypto on trial Tuesday as Sen. Elizabeth Warren (D-Mass.) said the industry needs tighter regulation and as the committee’s chairman sought to answer his own hearing’s titular question – “Cryptocurrencies: What are they good for?” – with a resounding “nothing.” “Instead of leaving our financial system at the whims …

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