02-JAN-2021

3 weeks ago

$28 Million Maryland Ponzi Scam Offered Crypto Payout – via CryptoBriefing
The FBI is investigating a Ponzi scheme in which three people stole $28 million by promising returns on cryptocurrency and other investments. According to a Dec. 18 release, the alleged perpetrators operated an investment company, Smart Partners LLC, formerly “1st Million.”

3 weeks ago

Will Central Banks Hold Bitcoin in 2021? – via beincrypto
Famed cryptocurrency trader and Aike Capital founder Alex Krüger tweeted on Jan. 1 that the bitcoin – gold relationship needs closer examination. Central banks (CB) will hold bitcoin sooner or later, says Krüger. The reason, he says, has to do with gold and how central banks treat it. In a series of tweets, Krüger shows how demand for gold has changed in 2020.

3 weeks ago

FinCEN Seeks Info on US Citizens’ Offshore Bitcoin Holdings – via CryptoBriefing
FinCEN may amend the Bank Secrecy Act to force Americans to disclose their offshore crypto holdings. The Financial Crimes Enforcement Network (FinCEN) under the U.S. Treasury released a notice in which the regulator proposed changing its foreign asset reporting rules to include cryptocurrencies. If passed, the rule will enforce action against U.S. cryptocurrency users who may hold unreported crypto assets over $10,000 on overseas trading exchanges and other financial service providers.

3 weeks ago

Breaking: Crypto Exchange Bittrex Delists Privacy Coins XMR, ZEC and DASH – via CoinGape
U.S.-based exchange Bittrex today announced the delisting of 3 privacy coins namely Monero [XMR], Zcash [ZEC], and Dash [DASH] as of January 15th, 2021. Earlier South Korean exchanges were spotted to delist privacy coins citing the FATF’s regularity concerns.

3 weeks ago

Bitcoin price prediction: BTC can rise to $50000, analyst – via Cryptopolitan
Previously, the king of cryptocurrency had been facing strong resistance from the $29k level. It had tried a few times to cross the level but failed after each brief crossing. The new year’s outlook could be optimistic as Bitcoin has successfully crossed the resistance level of $29k. The low for the day was $28,022, and the coin peaked at $29,530.

3 weeks ago

Top 10 Aspiring Crypto Coins for 2021 – via beincrypto
It’s already 2021, historically the first year in this crypto cycle, almost entirely bullish in nature. I have taken a deeper look at the industry and have prepared a list of the top ten aspiring coins for 2021. Which projects have the best chance of success? Can the parabolic rises of 2020 continue? Where is the best place to invest smartly and reduce the chance of failure while increasing your profit potential? Which crypto projects will rise to the top in 2021? Let’s dive in!

3 weeks ago

Grayscale Hits $20 billion in AUM as Bitcoin’s Price Goes Wild – via Decrypt
Crypto fund manager Grayscale closed 2020 with a cool $20 billion under its wings. The asset manager, whose publicly-traded funds offer investors the opportunity (with several hefty caveats) to trade crypto on the stock market, has increased its holdings by ten times since the start of 2020.

3 weeks ago

Rising Bitcoin (BTC) Investors Activity Suggests BTC Bull Rally to Continue – via CoinGape
The BTC price has hit a new all-time high of $29,594 with its market cap moving past $550 billion. Interestingly, the ongoing investors’ activity in Bitcoin suggests that the bull run won’t be stopping anytime soon.

3 weeks ago

Gold Bug’s Nightmare: Bitcoin Records New Peak Against Yellow Metal – via U.TODAY
Bitcoin chipping away at gold’s market cap was one of the dominant narratives of 2020, which was also picked up by Wall Street legends in the likes of Stanley Druckenmiller. Now, on the first day of 2021, the dominant cryptocurrency reached a new all-time high against the bullion. One Bitcoin was worth 15.62 gold ounces at 7:37 AM ETS, which is the highest level since Dec. 16, 2017.

3 weeks ago

US Representatives Demand Deadline Extension for Devastating Crypto Rule – via CryptoBriefing
A bipartisan group of Congresspeople led by Rep. Tom Emmer has written to the U.S. Treasury Department to extend the deadline for obtaining public comments on the proposed legislation for KYC for self-hosted crypto wallets and blockchain nodes. On Dec. 23, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department, issued a Notice of Proposed Rulemaking (NPRM) for making KYC mandatory for hosted wallets.

3 weeks ago

$600 Stimulus Checks on Their Way, Will the Fresh Stimulus Aid Boost Bitcoin Price? – via CoinGape
As per latest statement released by IRS, $600 fresh COVID relief aid is on its way and initial direct deposits have started on Tuesday. Bitcoin price boosted partially with massive government stimulus throughout 2020 has already crossed $29,000 and traders are expecting more upward movement as soon as stimulus money hits bank accounts.

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