Kraken Exchange Reports Spike in Law Enforcement Requests

Kraken, one of the most sought-after exchanges, has registered an uptick in requests from law enforcement in the past year. There have been a spike of 49% in requests in 2019, as the exchange has been tested for illegal uses. Kraken issued the latest data in its annual compliance report. Kraken Marked the Most Requests from US Law Enforcement The requests from US law enforcement were once again the most numerous, though other regions gained fast. It’s that time again. Here’s a snapshot of our Compliance team’s 2019 Transparency Report.…

Gold Price Dips as Iran Risk Subsides, Bitcoin Retains Value

Gold price seemed to react immediately to the lessened risk of tensions between the US and Iran today. Gold bullion has now dropped from its recent highest peak since 2013, as investors seemingly switch to more risky assets. Gold Price Rose in 2019, Still Outpaced by Crypto Gains Gold price has reflected a belief in economic uncertainty, gaining in 2019 on a series of geopolitical conflicts, ranging from the US-China trade talks, to the military strike against Iran at the start of 2020. Historically, Bitcoin (BTC) has behaved somewhat similar…

Puerto Rico Suffers 2 Earthquakes, Will its Bitcoin Billionaires Help Out?

With massive earthquakes and a possible Tsunami warning for Puerto Rico, Bitcoin (BTC) billionaires like Brock Pierce have an opportunity to make good on promises made to transform the Caribbean island. Time for Bitcoin Billionaires in Puerto Rico to Put Words to Action The U.S. Geological Survey says another earthquake hit Puerto Rico on Tuesday (January 7, 2020). Tuesday’s 6.4 magnitude tremor follows a 5.8 magnitude shock that ripped through the island on Monday (January 6, 2020). According to CNN, Puerto Rico’s Electric Power Authority is reporting power outages across…

PayPal Expands With $4 Billion Honey Acquisition

PayPal has finalized the purchase of the Honey deal finder startup, for a consideration of $4 billion. This latest move pushes the payment processor well ahead of crypto-friendly payment rival, Square. PayPal Aims to Revolutionize Online Retail PayPal, one of the largest payment processors, has aimed at taking a larger share of the online retail market. With the rise of fintech, PayPal faces more competitive headwinds. The acquisition aims to expand the retail experience and boost the influence of PayPal and Venmo in a more integrated retail and payment system.…

CFTC Hunts Down Multi-Million Dollar Crypto-Ponzi Scammer

The U.S. Commodity Futures Trading Commission (CFTC) and South Korean regulators continue investigating the UK-based company Control-Finance Ltd, and its principal, Benjamin Reynolds, for a $147,000 Ponzi scheme involving Bitcoin. Regulators have so far failed to locate the defendants. CFTC: Defendants Exploited Public Enthusiasm for Bitcoin Regulators allege that the defendants’ illegal trading activities resulted in the defrauding of its customers for thousands of bitcoin, worth millions of US dollars. In the U.S., the case is under the circuit of the CFTC Division of Enforcement’s Virtual Currency Task Force. Moreover,…

What’s Going to Happen with Bitcoin in India in 2020?

Last year was pretty dismal for the bitcoin and crypto industry in India. Regulatory procrastination and a negative outlook from politicians have stifled the ecosystem and innovation, will 2020 be any better? BITCOIN BATTLING IN INDIA The Reserve Bank of India (RBI) has been relentless with its disapproval towards bitcoin and the crypto industry over the past couple of years. Bankers and politicians remained resolute in their stance on digital assets during 2019 as Supreme Court hearings got left on the back burner. According to reports, Union Finance Minister, Nirmala…

3 Reasons Why Bitcoin Just Cranked Back to $8,000

Bitcoin and crypto markets have been on a roll over the past 24 hours. It has been the largest move of the year so far adding $12 billion to total market capitalization as bitcoin price touches $8,000 again, but what has caused it? The total crypto market cap has just hit a five-week high of $212 billion. Late November was the last time markets were this bullish but the following month saw them decline to a December 18 low of $175 billion. Since the beginning of the year, crypto-asset markets…

World’s First Blockchain-Powered Phone Arrives at CES 2020

CES 2020 is about to open a new decade of consumer electronics inventions, and the star of the show is the world’s first blockchain-powered smartphone. Blockchain Phones Are Hot Business With the arrival of 2020, the world has officially entered into a new decade, which will undoubtedly bring new technologies and inventions, but also new threats. When it comes to threats online, there is definitely no shortage of them. Hackers and other cybercriminals seem to be everywhere, with malware, viruses, and alike constantly getting more sophisticated. Meanwhile, the number of…