Bitcoin Hovers Around $10,130 as Altcoins Suffer Minor Losses

On Aug. 24, most of the top 20 cryptocurrencies are suffering moderate losses on the day while Bitcoin (BTC) hovers around the $10,130 mark.Market visualization courtesy of Coin360Bitcoin price is currently down by 0.6% on the day, trading at around $10,130 at press time, according to Coin360.Bitcoin 7-day price chart. Source: Coin360Ether (ETH) is holding onto its position as the largest altcoin...

Poloniex Pledges to Reimburse Flash Crash Losses, Victims Displeased

Analysis When a financial system like the crypto market lacks liquidity, a crash becomes inevitable. This was the case at the margin trading marketplace hosted by U.S.-based crypto exchange Poloniex toward the end of May, when the value of a lesser-known crypto asset, CLAM, experienced a sudden, sharp crash. This resulted in the generalized loss of approximately 1,800 Bitcoins (BTC).In what...

US Man Pleads Guilty to Running $25 Million Bitcoin Laundering Scheme

A Los Angeles man pleaded guilty to running a $25 million Bitcoin (BTC) money laundering scheme and sale of methamphetamine.Possible life sentenceNews outlet U.S. News reported on Aug. 23 that 25-year-old Kunal Kalra has pleaded guilty to charges including money laundering and distributing methamphetamines. Per the report, he could be sentenced to life in prison.The authorities allegedly claim that from 2015...

Bitcoin Price Rallies On Latest Trump Volley, Analysts Expect Further Upside | NewsBTC

Donald Trump is upping the pressure on China, and analysts say this is bullish for Bitcoin.For those who missed the memo, on Friday morning, the American President unleashed his latest volley at China (and the Federal Reserve) in a series of tweets. “For many years China has been taking advantage of the United States”, Trump wrote, adding that China has cost...

FTC Settles With Promoters of Multi-Level Marketing Crypto Scheme

The U.S. Federal Trade Commission (FTC), has settled charges it filed last year against four promoters of crypto-denominated multi-level marketing schemes. Following a federal trial in a Florida court, the operators of the fraudulent investment schemes are ordered to pay restitution and have been barred from operating or participating in other such MLM schemes, according to a statement made by the FTC...