Jaime Dimon: “Bitcoin & other crypto are decentralized Ponzi schemes”
Jaime Dimon, the JPMorgan CEO deemed Bitcoin & other crypto “decentralized Ponzi schemes” while testifying before the House Financial Services Committee. Testifying in from of the House, he stated: “I’m…
Fed announces 75 bps hike
Fed announces 75 bps hike. Powell says “ongoing raises will be appropriate” and “No change from position at Jackson Hole”
Hackers steal close to $200 million in cryptocurrency from blockchain bridge Nomad
In what started with an upgrade to Nomad’s code, the hack became a free-for-all where many users started to drain the network by replaying the original attackers’ transaction call data.…
California campaigns can accept cryptocurrency donations under new regulations
California campaigns soon can accept cryptocurrency contributions like Bitcoin under regulations adopted by the Fair Political Practices Commission. The FPPC voted Thursday to lift the ban on cryptocurrency donations, adding…
Elon Musk: “Tesla sold 75% of Bitcoin holdings worth 936 million” Kept ALL of Dogecoin..
Elon Musk announced on the Tesla 2nd quarter earnings call that the company sold 75% of their Bitcoin holdings worth 936 million dollars but did not sell any Dogecoin. Tesla’s…
Celsius Network files for Chapter 11 protection
Celsius Network, another crypto lender, filed for Chapter 11 protection and announced that the company initiated a financial restructuring. The Board of Directors said in today’s announcement, “Today’s filing follows…
Ethereum is “obviously” a security says Michael Saylor
In an interview with the popular YouTube channel Altcoin Daily, Saylor says that Ethereum’s constant changes, along with the fact that it was released after an Initial Coin Offering (ICO),…
Elon Musk’s Boring Company will accept Dogecoin in Vegas loop
The Boring Company, Elon Musk’s other company that specializes in digging tunnels, will accept Dogecoin as a payment method in its newly opened Vegas Loop, CNN reports Wednesday. The Loop…
(UPDATE) Voyager Digital has now filed for Bankruptcy after suspending trading, deposits, and withdrawals
Voyager Digital has now filed for Chapter 11 Bankruptcy. Tuesday, July 5 Customers with USD deposits in their accounts will have to wait until reconciliation and fraud prevention processes by…
Vauld, a Crypo lender backed by Peter Thiel and Coinbase suspends withdrawals
An Indian cryptocurrency lender headquartered in Singapore and backed by Peter Thiel and Coinbase Global has suspended withdrawals, trading and deposits on its platform according to the Wall Street Journal.…