BITCASHPAY to Turn-Over 600 Million BCP Tokens to BCP Community for Decentralized Liquidity

Crowdfunding is often referred to as a funding source to launch a new venture or business. The startups and new entrants in the business get small sums of money from several people to support such an endeavour. Crowdfunding, for all practical purposes, functions in the same way as the Initial Coin Offering or ICO of the cryptocurrency portfolios or platforms. The ICOs give huge returns to those invested in it. But the ICOs also have a wide range of benefits that the investors in cryptocurrency can reap. However, often cryptocurrency dealing causes problems as a section of people indulges in

Bitcoin Should Be Regulated Globally Says ECB President Christine Lagarde 

Bitcoin’s pseudonymity, since its creation is one scoring point for the cryptocurrency considering its holders are confident that no company or government can get a hold of their money because of the network’s decentralized nature. However, a recent announcement by the president of the European Central Bank (ECB) in an interview at the Reuters Next conference questions Bitcoin’s pseudonymity. President Christine Lagarde stated that Bitcoin should be regulated globally, for reasons that criminals use the digital currency for money laundering and so precautionary actions should be taken to stop future occurrences. Due to the recent upsurge in the price of BTC in

German Authorities Arrest Darkweb Operator For Processing Illicit Crypto Transactions Worth $164M

German authorities have arrested the operator of DarkMarket, a dark web marketplace that helped criminals process illicit transactions amounting to more than $164 million in cryptocurrencies.  The DarkMarket operator, a 34-year-old unnamed Australian was arrested near the German-Danish border over the weekend in a joint international operation involving several nations, such as Germany, Australia, Denmark, Moldova, Ukraine, the U.K., and the U.S.  According to a Europol report today, the illegal dark web marketplace has been taken offline by officers of the cybercrime unit of the Koblenz Public Prosecutor’s Office.  Before the platform was taken down, it had nearly 500,000 users

Dark Web Scammers Allegedly Selling COVID-19 Vaccines For Bitcoin Worth Up To $1000

Scammers on the dark web have taken advantage of the ongoing pandemic to defraud victims, claiming to sell unspecified doses of the COVID-19 vaccines for sums as high as $1000 worth of bitcoin. According to a Wednesday report, researchers from the cybersecurity firm, Check Point, discovered that these scammers have been putting out ads for the vaccines and asking for payments in bitcoin. As per the report, the Check Point researchers had reached out to a vendor via the encrypted messaging app, Telegram, and were offered an unspecified dose of vaccine for $750 worth of bitcoin. However, once the bitcoin

Early Bitcoiner Loses $220 Million Worth of BTC to Forgotten Password

According to The New York Times, Stefan Thomas, a San Francisco-based programmer, lost access to his Bitcoin because of a forgotten password. The private keys to his 7,002 Bitcoin now worth about $220 million, due to the recent price surge, is locked in a small hard drive called IronKey. The IronKey wallet has a feature that allows owners who forget their passwords to attempt 10 guesses. Failure to get the password right on the 10th attempt, the wallet seizes up its contents indefinitely. Thomas revealed that he lost the paper where he stored the

XRP Community Petitions The SEC to Limit Charges Against Ripple

Following the charges slammed by the United States Security and Exchange Commission (SEC) against San Francisco-based startup Ripple last year, the XRP community has petitioned the regulator and its acting chairman Elad Roisman.  The lawsuit filed in the Rhode Island Federal Court on January 1, 2020, as published in a press release today, seeks a “writ of mandamus” from the court to limit the charges against the blockchain company. According to the announcement, the XRP community through Attorney John E. Deaton pleads with the court to direct Roisman to correct the ill decision taken by his predecessor Jay Clayton against

After XRP Snapshot: Flare Networks Will Soon Integrate With Litecoin (LTC)

Flare Network is one platform that has a list of planned events waiting to be executed way before its launch date. In a recent tweet, the company revealed it would be integrating Litecoin ahead of the Flare network launch in Q2. The integration supposedly “allows LTC to be used trustlessly on Flare with Ethereum style smart contracts and gives LTC interoperability and composability.” Flare will be integrating Litecoin ahead of the Flare network launch in Q2. This will allow LTC to be used trustlessly on Flare with Ethereum style smart contracts and gives LTC interoperability and composability. #LTC #Unlockingvalue @LTCFoundation

Market Outlook: Bitcoin Makes Breaking ATHs a Custom and ETH Chases New Record

For the first time in a while, BTC reached a new ATH on a weekday. The pump that propelled BTC to a new all-time high yesterday could be traced to a slight market dip on Monday. As Bitcoin dropped by 8% traders rallied the market and in no time pushed BTC back to $34k and kept pushing the price as it crossed various critical resistance levels.  BTC crossed the $40,000 resistance resulting in a new ATH of $40,383. Breaking ATHs is now a custom for Bitcoin! Many traders accepted the new ATH, while others are quick to sell their assets.

PayPal Handles $125 Million Crypto Volume as Market Surpasses $1 Trillion

According to data on Nomics, daily crypto transactions on leading US-based financial service company PayPal has exceeded $125 million.  The trading volume, which has grown tremendously since the start of the year, saw itBit customers, the platform that handles PayPal’s crypto transactions, trade $128.91 million worth of cryptos in one single day, January 6, 2021.  Owned by Paxos, itBit provides access to an exchange, custody Service, and escrow services for Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), and Stellar Lumens (XLM).   Worth noting is that all the trading volume cannot be linked to only PayPal’s crypto transactions because itBit also

Finland Authorities Poised To Sell Confiscated Bitcoins Worth $77 Million

The Finland Custom Agency has decided to take advantage of the current crypto market bull run to sell off 1,981 bitcoins which is currently worth about $77 million that had been confiscated from various narcotics investigations.  In an interview on Thursday with local news outlet Yle, Pekka Pylkkänen, the agency’s Chief Financial Officer, disclosed that the sales would be conducted either directly by the agency or via a broker over the next couple of months.  Earlier last year, the agency could not decide what to do with the seized assets but has now decided to sell the cryptocurrency, taking advantage