Bitzlato and its founder face enforcement actions from US authorities
    19 Jan 2023
    237 Views

    The Department of Justice, Treasury Department and French law enforcement seized many of Bitzlato’s resources, alleging the firm helped launder $700 million in illicit funds. The United States Department of Justice announced a “major international cryptocurrency enforcement action” against crypto firm Bitzlato and the arrest of its founder, Anatoly Legkodymov. In a Jan. 18 announcement,…

    ConsenSys slashes headcount 11% as chief economist reveals formula for adoption
    19 Jan 2023
    245 Views

    ConsenSys CEO Joseph Lubin confirmed the company would be cutting 96 of its staff to focus its resources on its core businesses. ConsenSys, the parent company behind MetaMask, is letting go of 11% of its workforce, with CEO Joseph Lubin blaming “uncertain market conditions” brought on by recent collapses. In a blog post from ConsenSys…

    C-C-C-Combo breaker: Bitcoin ends ‘ridiculous’ 14-day winning streak
    19 Jan 2023
    284 Views

    Bitcoin was on the road to breaking a nearly 10-year-old record but the price dip over the past day put a stop to the multi-day win streak. The two-week-long Bitcoin winning streak has finally come to an end, after the cryptocurrency formed its first red candle on Jan. 18. The day prior, BTC was shaping up…

    Tucker Carlson outlines wild theory to explain Bitcoin price rise: ‘Maximum tin foil’
    18 Jan 2023
    316 Views

    Members of Crypto Twitter were quick to mock Tucker Carlson, who provided no supporting evidence to back his claims. Controversial Fox news television host Tucker Carlson has proposed a curious conspiracy theory that seeks to link airline delays in the United States and Canada with a surge in the Bitcoin price. He suggested the computer…

    ‘There will be many more zeros’ — Kevin O’Leary on FTX-like collapses to come
    18 Jan 2023
    275 Views

    The Shark Tank star said all unregulated exchanges are seeing “massive outflows” right now, and rightly so. Unregulated crypto exchanges will continue to fall like dominoes post-FTX, with plenty more “meltdowns” to come, warns Shark Tank star and investor Kevin O’Leary. O’Leary, a former spokesperson and proponent for the now-bankrupt FTX exchange, told Kitco anchor David Lin…

    Bitcoin inches closer to a 10-year record, as other stats turn bullish
    18 Jan 2023
    367 Views

    Right now, Bitcoin is a day away from matching a nearly 10-year-old record and Ethereum could hit a significant milestone by Q2. The world’s first cryptocurrency Bitcoin is one day away from matching its historic 15-day win streak if its positive price movement keeps up. In November 2013 Bitcoin posted a 15-day consistent positive price movement,…