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NYU Professor ‘Dr. Doom’ Says 99% of Crypto Is a Scam — Tells Investors to ‘Absolutely Stay Away’

[Jan 19, 2023 7:30 PM] NYU Professor Nouriel Roubini, aka Dr. Doom, has warned that “99.99% of crypto is a scam, a criminal activity, a total real-bubble Ponzi scheme that is going bust.” He advised investors to “absolutely stay away” from…

Crypto exchange Gemini launches new electronic OTC trading solution

[Jan 19, 2023 10:53 AM] Gemini, the popular bitcoin & crypto exchange company, today announced the launch of electronic over-the-counter trading (eOTC), an automated crypto trading solution designed for institutions. The Gemini eOTC solution offers a variety of…

Crypto securitization platform GenTwo links to all Coinbase assets

[Jan 14, 2023 12:23 PM] GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This new partnership for GenTwo Digital allows all…

More Than 65% of Oman’s Crypto Holders Are College Graduates — Study

[Jan 13, 2023 6:30 AM] Approximately 65,000 of Oman’s residents are holders of crypto and a majority of these are either high school or college graduates, a new study by Souq Analyst has found. According to the study’s findings, an overwhelming majority…

Miss El Salvador Features Bitcoin in Miss Universe 2023

[Jan 12, 2023 7:00 PM] The Miss Universe contestant from El Salvador this year has surprised viewers by featuring bitcoin as part of her national costume. El Salvador has adopted the cryptocurrency as legal tender and has passed a new regulatory framework for the…

Man Pleads Guilty to Stealing Bitcoin ‘Seized’ by US Government

[Jan 8, 2023 9:30 PM] An Ohio man has pleaded guilty to stealing over 712 bitcoin that was “seized” by the U.S. government in another criminal case. He has agreed to forfeit some bitcoin, ether, and dogecoin as part of his plea. “Due to the increase…

SBF Fights for Robinhood Shares — Says He Needs Them More Than FTX Customers Who Only Suffer ‘Possibility of Economic Loss’

[Jan 8, 2023 7:30 PM] Disgraced FTX founder Sam Bankman-Fried (SBF) is attempting to regain access to his Robinhood shares, worth over $460 million. The former CEO of the collapsed crypto exchange claimed that he needs them to “pay for his criminal defense,”…

DOJ Asks Victims of Sam Bankman-Fried’s Fraud to Come Forward

[Jan 7, 2023 11:30 PM] The U.S. Department of Justice (DOJ) has asked victims of former FTX CEO Sam Bankman-Fried (SBF)’s fraud to come forward. The former FTX executive has been charged with “defrauding customers of FTX.com, investors in FTX.com, and lenders…

Billionaire Mark Cuban Warns of Next Crypto Implosion Coming From Wash Trades

[Jan 7, 2023 9:30 PM] Mark Cuban, a Shark Tank star and the owner of the NBA team Dallas Mavericks, has warned that the next crypto implosion could come from “the discovery and removal of wash trades” on centralized exchanges. The billionaire’s…

Former Fed Chair Alan Greenspan: Crypto Is Too Dependent on ‘Greater Fool Theory’ to Be a Desirable Investment

[Jan 7, 2023 7:30 PM] Former Federal Reserve Chairman Alan Greenspan says crypto is “too dependent on the ‘greater fool theory’ to be a desirable investment.” However, he noted that the collapse of crypto exchange FTX was “purely…

Blockchain ecosystem ThunderCore teams with Huobi and MyCointainer in node expansion

[Jan 5, 2023 11:51 AM] ThunderCore, a leading blockchain & web3 ecosystem announced today that they are making a new development push, partnering with new validators as the chain rolls out its new crypto staking model. The newest ThunderCore validators include the…

Demand for Arbitration Filed Against Genesis Global Capital, DCG — Firm Accused of ‘Ochestrating a Sham Transaction’

[Jan 3, 2023 12:30 AM] Three Gemini Earn users have accused Genesis Global Capital of breaching a contract and have subsequently filed a demand for class arbitration with the American Arbitration Association. In addition, the three users assert that all transactions…

Financial Giant Fidelity Files Trademarks for Crypto, NFT, and Metaverse Products

[Dec 30, 2022 8:30 PM] Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services…

Kevin O’Leary’s Twitter Account Hacked to Promote Bitcoin, Ethereum Giveaway Scam

[Dec 29, 2022 9:30 PM] Shark Tank star Kevin O’Leary’s Twitter account was hacked Thursday and used to promote a bitcoin and ethereum giveaway scam. The scammers claimed that Mr. Wonderful is giving away 5,000 bitcoin and 15,000 ether, and anyone can…

Nobel Prize Laureate Paul Krugman Compares Tesla to Bitcoin — They ‘Have More in Common Than You Think’

[Dec 29, 2022 7:30 PM] Nobel Prize-winning economist Paul Krugman says Tesla may have more in common with bitcoin than you think. He explained that Tesla sales have depended in part on the perception that CEO Elon Musk “is a cool guy” while the price of…

BTC, ETH, ADA, BNB Ranked the Most Watched Crypto Assets in 2022

[Dec 29, 2022 4:00 PM] Today’s top ten crypto assets make up a large portion of the crypto economy’s current $797.95 billion value on Dec. 29, 2022, and many of them are some of the most popular digital currencies today. While coin market capitalization…

Microstrategy Buys More Bitcoin — Company’s Crypto Holdings Grow to 132,500 BTC

[Dec 28, 2022 8:30 PM] Microstrategy is now holding approximately 132,500 bitcoin following its most recent purchases. This year, the world’s largest cryptocurrency has emerged as “the institutional-grade digital asset,” said Microstrategy founder…

FBI Renews Warning About Pig Butchering Crypto Scam Sweeping the Country

[Dec 27, 2022 11:30 PM] The Federal Bureau of Investigation (FBI) has reiterated its warning about a very popular crypto investment scam called “pig butchering” that is sweeping across the U.S. “Be very careful when you go on social media and dating apps…

Banking Giant HSBC Files Trademarks for a Wide Range of Digital Currency and Metaverse Products

[Dec 26, 2022 7:00 PM] Banking giant HSBC has filed trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of digital currency products and services, including those related to the metaverse and non-fungible tokens (NFTs)…

Elon Musk: Twitter No Longer in Fast Lane to Bankruptcy

[Dec 25, 2022 5:30 PM] Tesla CEO and Twitter chief Elon Musk has confirmed that the social media company is no longer “in the fast lane to bankruptcy.” Nonetheless, the billionaire emphasized that there is still much work to do on the platform. “But…

As the Fed Turns 109 Years Old, the US Dollar’s Purchasing Power Eroded by More Than 96% Since It Was Created

[Dec 25, 2022 1:30 PM] 109 years ago, the U.S. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, more than 96% of the greenback’s purchasing power has been erased via…

BTC Wraps up 13 Consecutive Years of Recorded Market Value, With No Santa Rally in 2022

[Dec 25, 2022 10:30 AM] By the end of this year bitcoin will have 13 consecutive years of recorded market value under its belt. Seven of those years saw Santa rallies all the way up until New Year’s Eve, and five of the 13 years saw bearish returns from Dec. 1 to…

JPMorgan: Crypto Is a Nonexistent Asset Class for Most Large Institutional Investors

[Dec 24, 2022 9:00 PM] A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very…

Jim Cramer Urges SEC to Do a Big Crypto Sweep — Says ‘I Wouldn’t Touch Crypto in a Million Years’

[Dec 24, 2022 6:30 PM] The host of Mad Money, Jim Cramer, says he would not touch crypto in a million years. He called investors who own various altcoins idiots and urged the U.S. Securities and Exchange Commission (SEC) to do “a big sweep” on the crypto…

Twitter Adds Crypto Price Charts to Search Results

[Dec 22, 2022 1:30 PM] Twitter is now providing price charts with search results for major cryptocurrencies, such as bitcoin and ether. This new feature is “one of many product improvements coming to financial Twitter,” said Elon Musk, owner of the social…

2022’s Market Review: Crypto Economy Loses $1.4T, Top 10 Token Knockouts, Terra’s Collapse

[Dec 21, 2022 4:00 PM] 2022 is coming to an end and during the last 12 months, the crypto economy has lost roughly $1.486 trillion in value against the U.S. dollar. On Dec. 20, 2021, bitcoin was trading for $46,406 and it has lost more than 63% in value year-to-date…

Elon Musk Promises to Step Down as Head of Twitter — Edward Snowden Throws His Name in the Hat for CEO

[Dec 19, 2022 7:30 PM] Tesla CEO and Twitter chief Elon Musk has promised to step down as head of Twitter. As the billionaire seeks a new CEO to run the social media platform, privacy advocate Edward Snowden threw his name in the hat, stating that he takes payment in…

DeFi protocol Pods raises $5.6M to support its structured crypto products dApp

[Dec 19, 2022 12:19 PM] Pods, creators of a DeFi platform, announced today that earlier this year, the team raised $5.6M in seed funding to create structured products for crypto-assets. The financing featured investors such as IOSG, Tomahawk, Republic, Framework Ventures…

Shark Tank Star Kevin O’Leary Defends Support of Crypto Exchange FTX and Sam Bankman-Fried

[Dec 18, 2022 9:00 PM] Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has defended his support of the collapsed crypto exchange FTX and its former CEO Sam Bankman-Fried (SBF). “This is America. The justice system provides the presumption of innocence…

UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War

[Dec 17, 2022 1:30 AM] The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the…