Pentagon Doomsday Scenario Involved Bitcoin-powered Anarchy

Source: Adobe/stokkete The American Department of Defense played out a wargame scenario that saw Generation Zers try to overthrow the powers-that-be, using bitcoin (BTC) and hacking skills to fund an ambitious anarchist coup. Per media outlet The Intercept, Pentagon documents show that defense chiefs decided to test out American preparedness in the event of a […]

Wilshire Phoenix Files With SEC for Publicly Traded Bitcoin-Backed Fund

Alternative investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin Fund in line with regulation. The registration reads: “The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficient without the uncertain and often […]

South Korean Experts Say Crypto Is a Poor Safe-Haven Asset

On June 11, South Korean experts stated through local media that cryptocurrencies are a “poor choice” of safe-haven assets during the COVID-19 pandemic. According to The Scoop, Professor Hong Ki-hoon of Hongik University stated that crypto-assets like Bitcoin (BTC) should not be considered as “safe-haven assets,” at the level of Gold, dollars, or even the […]

Coinsquare CEO Accused of Orchestrating Wash Trades

In the latest blow to the embattled Canadian cryptocurrency exchange Coinsquare, reports are accusing the platform’s top executive of orchestrating a wash-trading scheme in clear violation of securities law. Wash-trading refers to an exchange artificially inflating its trade volume through executing larger zero-fee market trades into their own orders, creating the appearance of large trading […]

Venezuelan Petro Payments May Be on the Rise

The Venezuelan government announced on June 11 that almost 15% of all fuel payments at petrol stations across the country were made using the Petro (PTR). This rise comes during the first week of the new state-backed plan to promote widespread use of the token. According to a report from Ultimas Noticias, 40% of the […]

Dead Men Face No Charges, June 6-12

Editor’s note:  These are times strange enough that every conversation seems to include some verbal acknowledgment like “strange times, huh?” A quasi-anarchist police-free leftist separatist bubble has formed and is growing on Seattle’s Capitol Hill — a sentence that resembles a David Foster Wallace plot more than anything I ever anticipated treating as news.  Both […]

Congressman Calls Digital Dollar Hearing ‘Encouraging,’ but Look Out for Privacy

In a June 11 hearing before the Congressional Fintech Task Force, everyone seemed to agree that they could improve financial inclusion by giving people more direct access to FedAccounts, which may operate using a digital dollar. What exactly a digital dollar looks like will probably be more controversial. Unity at yesterday’s hearing was encouraging  Congressman […]

These Are 8 Biggest Crypto Funds According to a New Database

Source: Adobe/Alexander Limbach There are eight crypto funds with more than USD 250 million in assets under management (AUM), according to the newly-launched Dove Mountain Data, a live database of all funds deploying capital into crypto. This free, live database was created by Regan Bozman, Director Of Business Operations at CoinList, a token listing platform […]

One of the World’s Largest Bitcoin Mining Pools Set to Launch “New Financial Products”

Key Takeaways Singapore hedge fund Three Arrows Capital has partnered with Bitcoin mining pool Poolin. Poolin’s parent company Blockin will work with the hedge fund to create new financial products. The first products will be available through the Blockin Wallet App in mid-June. Share this article Blockin, the company behind the Bitcoin mining pool, Poolin, […]

Those Million Dollar Ethereum Transactions? Could Be a Hacked Exchange

Key Takeaways The transactions could be the result of an exchange getting hacked. The hacked address could only send funds to other whitelisted addresses, so the hacker may have used the massive fees as a means of ransom. Mining pools involved in mining the two transactions are trying to find a solution and return the […]