News

Bitcoin Cash House Ghana Finds Liquidity Provider, Seeks to Partner With Mobile Money Services

</header> <strong>Bitcoin Cash House Ghana has announced they’ve found a liquidity provider for converting between <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> and Ghanaian cedi, and are now preparing to furnish their building and move in, preparing for official launch on March 1. A new read.cash post from organizer Kousha detailed the status of the project …

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BCH Funding Debate: Developers Plan to Launch IFP-Free Version of Bitcoin ABC

</header> <strong>On February 19, a group of well known software developers announced the launch of a new Bitcoin Cash full node with the Infrastructure Funding Plan (IFP) removed from the codebase. The news was announced on the read.cash platform by the developer Freetrader who told the public that strong demand from businesses, miners, mining pools, …

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Ireland Seizes Bitcoin Stash Worth $56M in Criminal Forfeiture Ruling

</header> <p dir=”ltr”><strong>Ireland’s Criminal Assets Bureau (CAB) seized 6,000 <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> from a Dublin resident who was accused of growing cannabis on property located in the Wicklow Mountain region. The police found around €450,000 of marijuana plants but the €52 million ($56.1M) of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> was the …

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Morgan Stanley Buys E*Trade in $13B Deal

Investment bank Morgan Stanley is buying digital stock brokerage E*Trade for $13 billion. According to the Wall Street Journal, the consolidation will give Morgan Stanley an inroad with E*Trade’s 5.2 million retail investors in what will be Wall Street’s largest deal since the 2008 financial crisis. The bank is targeting this market, though Morgan Stanley’s …

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Virgin Galactic Stock Is Skyrocketing, Will Take Bitcoin to Shoot You Into Space

</header> <strong>Virgin Galactic is one of the leading ventures in the emerging private space race alongside companies such as Spacex. However, it is being compared now mostly to another Elon Musk creation – Tesla. This is because Virgin Galactic stock is skyrocketing as traders rush in to bet on the futuristic promise of space tourism. …

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Officials Arrest US Resident for Allegedly Laundering Drug Proceeds With Crypto

The U.S. arrested an alleged money launderer Tuesday on accusations of using cryptocurrencies and cashier’s checks to obfuscate the origins of funds related to drug running. First noted by George Washington University’s Seamus Hughes, the complaint, unsealed Wednesday, charges Pedro Antonio Aquino-Eufracia with conspiracy for allegedly participating in a drug cartel, laundering funds using a …

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8 Tips for Getting the Most out of Crypto Telegram

</header> <strong>For news, gossip, FUD, FOMO, charts, bots, and project updates, crypto Telegram is where it’s at. The beating heart of the crypto community resides in Pavel Durov’s encrypted messenger application. Accessing Telegram is easy, but optimizing your experience to get the most out of the platform calls for a few do’s and don’ts. Here …

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Gemcoin Founder Agrees to Plead Guilty to Fraud, Tax Evasion for $147M Scheme

Steve Chen, the ringleader behind the $100 million-plus Gemcoin fraud of 2013-2015, agreed to plead guilty Wednesday to tax evasion and conspiracy to commit wire fraud. The 62-year-old San Gabriel Valley resident will face a minimum of 10 years in prison, according to the Department of Justice (DOJ). As part of his plea agreement, Chen …

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Mike Bloomberg’s 2020 Finance Policy Proposes Strict Bitcoin Regulations

</header> <strong>The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees “plenty of hype, fraud and criminal activity.” </strong> Also read: Bitcoin, Tesla Stock, Tron: How …

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The IRS Is Inviting Crypto Firms to a ‘Summit’ in DC Next Month

The Internal Revenue Service has invited a number of undisclosed crypto startups to a summit on March 3 to discuss its existing approach to taxing cryptocurrencies as well as enforcement efforts, according to a copy of the invitation obtained by CoinDesk. The summit, to be held at IRS’s Washington, D.C. headquarters, will consist of four …

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