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Gemcoin Founder Admits to Fraud in $147 Million Scheme

News Steve Chen, the mastermind behind the $147 million Gemcoin cryptocurrency scheme, has admitted to wire fraud and tax evasion in a plea agreement. The 62-year-old Southern California resident agreed that he and other co-conspirators fraudulently promoted a cryptocurrency called Gemcoin (or Gem..

Israeli Banks Should Not Deny Services to Crypto Firms: Attorney General

News Israeli banks should not deny services to firms involved with cryptocurrencies, according to Israel's attorney general Avichai Mandelblit. Instead of halting financial services for all crypto firms, banks should closely examine each case for indicators of money laundering risks or other ..
Fugitive John McAfee Plans Ambitious Cuban Cryptocurrency Project

Fugitive John McAfee Plans Ambitious Cuban Cryptocurrency Project

The founder of the antivirus software industry is currently in Cuba evading American revenue enforcement agents, but this situation has not stopped him from making lofty cryptocurrency plans. John David McAfee believes that the...
Trump's Jumbled Statements Create Bitcoin Trading Opportunities

Trump’s Jumbled Statements Create Bitcoin Trading Opportunities

Whenever United States President Donald Trump talks about microeconomic matters, the financial world listens. Economists often shake their heads, finance ministers look at each other in disbelief, and market analysts pay close attention to...
What is the "Internet of Value" Envisioned by Ripple Labs?

What is the “Internet of Value” Envisioned by Ripple Labs?

A year has gone by since Ripple Labs made a commitment to invest $500 million for the purpose of supporting more than a dozen financial technology startups through the Xpring funding platform. As the...
Ripple Gets Favorable Signals from Financial Regulators

Ripple Gets Favorable Signals from Financial Regulators

Good news for Ripple Labs and its flagship XRP cryptocurrency: The United States Securities and Exchange Commission has decided to issue "No-Action" letters for digital currencies that can prove they can be used in...
What You Should Know About the Facebook Blockchain Project

What You Should Know About the Facebook Blockchain Project

If you have seen the film "The Social Network," which is based on a book about the foundational days of Facebook, you probably remember Cameron and Tyler Winklevoss, the Harvard twins whose early investment...
Bullish Speculation Seen in Bitcoin Futures

Bullish Speculation Seen in Bitcoin Futures

Bitcoin traders in 2019 have more than just technical analysis and blind faith to rely on when taking market positions. At the Chicago Mercantile Exchange, Bitcoin futures contracts have been enjoying considerable volume this...
After a Slight Pullback, Bitcoin Shows Signs of Strength

After a Slight Pullback, Bitcoin Shows Signs of Strength

Bitcoin traders hoping to see their favorite cryptocurrency reach $5,600 in April were mildly disappointed as the final weekend of the month approached. Since the first day of April, the BTC/USD pair has been...
Ripple Labs Announces Strategy to Promote XRP Adoption

Ripple Labs Announces Strategy to Promote XRP Adoption

In 2019, circulation and widespread adoption are still the greatest challenges faced by cryptocurrencies. Imagine if all digital currency traders were able to readily use their funds to settle retail transactions; such a situation...

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