AriseCoin inventor goes to prison for involvement in crypto scam
AriseCoin inventor, Jared Rice, Sr., has been sentenced to five years in federal prison by Texas authorities. Aside from the jail time, he would have to repay $4.2M to investors who were defrauded through his crypto scheme. According to a news release issued by the US Department of Justice, Jared Rice, Sr. will be imprisoned […]
Accelerate Financial Technologies plans to plant trees matching buys in Bitcoin ETF
In February, the investment business submitted an application to Canadian securities regulators for the establishment of a Bitcoin ETF. Accelerate Financial Technologies intends to match each investment in their forthcoming Bitcoin exchange-traded fund with the planting of thousands of trees, as part of its commitment to environmental responsibility. The Calgary-based investment services company has vowed […]
It’s still too early to tell if Bitcoin will stay the top dog, says Daniel Strachman of Wall Street
Since its inception in 2009, Bitcoin has been the most valuable crypto asset in terms of market value, surpassing Ethereum. Considering the thousands of additional cryptocurrencies that have come into existence over the years, is it possible that any of them could ever surpass Bitcoin (BTC) in terms of market capitalization? According to Daniel Strachman, […]
Square CEO discusses plans to create a decentralized exchange for Bitcoin
Square’s “TBD” section is building a “non-custodial, permissionless, and decentralized financial services” business with a “primary focus is Bitcoin.” according to a July announcement. A decentralized exchange is being developed by Square , according to the platform’s CEO, Jack Dorsey. In a tweet on Friday, Dorsey stated that “TBD” — either referring to the fact […]
Honduran firm, TGU Consulting Group installs the country’s first Bitcoin ATM
The “la bitcoinera” ATM lets users to buy Bitcoin and Ethereum using local fiat cash by scanning their IDs and providing personal information. In a report published by Bloomberg, TGU Consulting Group, a Honduran firm with its headquarters in Tegucigalpa, has built the country’s first Bitcoin ATM . The installation of a Bitcoin (BTC) ATM […]