New GPU cards for mining are on the way, but the demand is too great. So, what are manufacturers doing to solve the shortage? The rise of cryptocurrencies over the past few months, especially with the onset of 2021, has…
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FBI arrests 24-year-old crypto trader for commodities and wire fraud
The trader was both lying to investors and using an unregistered derivatives strategy on BitMEX. United States authorities have brought criminal charges against a crypto trader whom they say defrauded investors out of over $5 million. The Department of Justice announced on…
Cashing Out Bitcoin Using ATMs: Popular Youtuber Successfully Turns $16K in BTC Into Cash
On January 23, 2021, the popular Youtuber Mambafx published a video of himself withdrawing $16,000 in cash from bitcoin ATMs. The video shows how it took multiple bitcoin ATMs to complete the process but by the end of the 17-minute…
Interview: Bitcoin In Venezuela With Javier Bostardo
Listen To This Episode: Apple Spotify Google Libsyn Overcast This week on the “Bitcoin Magazine Podcast,” host CK sat down with Javier Bostardo from Satoshi en Venezuela. This was a wide ranging, real and heartfelt conversation about the trials that…
The Age Of Bitcoin Enlightenment
The promise of Bitcoin remains intact because its design circumvents the fragile human ego in ways that no other human endeavor ever has. The human ego is a fragile thing. It’s quick to judge, insecure, easily manipulated and it gets…
DeFi tokens bag double-digit gains as bears pin Bitcoin price below $33K
A handful of DeFi tokens saw strong rallies even as bears continue to pin Bitcoin price below $33,000. Today Bitcoin (BTC) price continued to face selling pressure in the $32,500 to $33,000 resistance cluster and this led to a mild…
Iranian government reportedly moving to block Signal messaging app
Rumors are circulating in Iran that authorities already have access to messages on WhatsApp, one of the few unblocked platforms in the country. Signal is reportedly under attack from Iranian authorities as interest is surging amid speculation the government already…
2 key metrics suggest Bitcoin price won’t be pinned below $33K for long
Key Bitcoin price metrics show the recent 12% drop to $30,800 has not stopped traders from buying dips ahead of this Friday’s $4.9 billion BTC futures expiry. Over the last 48 hours, Bitcoin (BTC) price climbed from $31,000 to $34,800…
Social trading platform eToro ended 2020 with $600M in revenue
The exchange platform’s foray into cryptocurrency has been highly lucrative thus far. Exchange platform eToro is coming off a stellar year of growth, as novice traders seek new pathways into the financial markets, including cryptocurrency. The online brokerage firm ended…
Update: “Coin Signals” trader also faces charges from the CFTC
Arrested by the FBI earlier today, 24-year-old Spence also faces civil charges of fraud that look to bar him from future trading. For Jeremy Spence, also known as “Coin Signals,” the news just gets worse. The Commodity Futures Trading Commission…