A motion by the self-declared creator of Bitcoin and the chief scientist at blockchain firm nChain, Craig Wright, to have a multi-billion dollar lawsuit accusing him of stealing bitcoins belonging to an alleged business partner dismissed has been den
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Bitcoin Price Begins a New Ascent Inside Giant Bear Pennant
Bitcoin price on Friday surged more than 7% against the US Dollar on a 24-hour adjusted timeframe. The bitcoin-to-dollar rate noted sudden spikes at the beginning of the US session after spending the day inside a narrow trading range. The move occurr
Major Bitcoin Exchanges Accused of Faking Volume: Who’s Trustworthy?
A blockchain data research firm has released a damning report which accuses several major cryptocurrency exchanges of engaging in unscrupulous activities aimed at faking bitcoin trading volumes. According to the Blockchain Transparency Institute (BTI
Biotech Billionaire Settles with SEC over Crypto-Related Penny Stock Scam
Back in September, biotech billionaire Phillip Frost and eight other individuals were charged by the SEC for a penny stock scheme deemed fraudulent. Frost was not at the core of the scheme, which involved buying up penny stocks and effectively pumpin
How Mexican Cartels Use Chinese Crypto Brokers to Launder Drug Money
Law enforcement agencies in the United States have expressed worries that Chinese crypto channels are increasingly being used to launder money by Mexican drug cartels and other transnational organized crime groups. This comes at a time when the size
Abrupt Recovery: Bitcoin up 7% in Minutes, Ethereum Rises 13% from Day's Low
Within nine minutes, the Bitcoin price surged from $3,625 to $3,900, by 7.5 percent. Other crypto assets like Ethereum (ETH) followed, recording a 13 percent upswing from the day's low. Although Bitcoin and the rest of the crypto market only reco
Newsflash: Bitcoin Price Pops Higher as Dow, S&P 500 Erase Pre-Market Gains
The bitcoin price and the wider cryptocurrency market made a fevered leap back toward their recent highs on Friday, shaking off Thursday’s substantial sell-off while the Dow Jones Industrial Average, S&P 500, and other US market indices fel
Nvidia: Why Low Crypto Mining Demand Didn’t Cause Share Price Woes
Several reports over the past week have suggested that the stock price of Nvidia has dropped due to a drop in demand for crypto mining. Fool.com's report, for instance, read: NVIDIA’s revenue growth is expected to drop into the single digit
Dow, S&P 500 Eye Further Gains after Wild Week on Wall Street
Following a wild week on Wall Street, the US stock market looks poised to extend its latter-week recovery following the opening bell on Friday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq futures indices all pointing north as of th
UK Investors and Businesses Still Suffering Fallout of Bitcoin Crash
Hundreds of businesses and retail investors are still counting the cost of bitcoin’s 80 percent drop from its all time high at the turn of the year. A Sky News special report has revealed that alongside investment portfolios, bitcoin’s pr