Cryptocurrency Scammer Dubbed ‘Coyote of Wall Street’ Pleads Guilty

The hammer falls on yet another cryptocurrency scammer. | Source: Shutterstock By CCN Markets: A scammer that called himself the “coyote of Wall Street” has admitted to telling clients he would invest their money in cryptocurrency only to keep it for himself. Patrick McDonnell, a 46-year-old from Staten Island in New York, pleaded guilty to one count of wire fraud on...

France Creates G7 Taskforce to Examine Facebook’s Libra, Crypto Regulation

A G7 taskforce is being created to examine how central banks can regulate cryptocurrencies such as Facebook’s libra, Reuters reported on June 21.Francois Villeroy de Galhau, the governor of France’s central bank, said:“We want to combine being open to innovation with firmness on regulation. This is in everyone’s interest.”Although Paris has said it is not against Facebook creating a financial instrument, it vehemently opposes libra becoming a...

Ripple CEO: Bitcoin and XRP Aren’t Competitors — I’m Long BTC

Bitcoin (BTC), and XRP, the third biggest coin by market cap, are not competitors, Ripple CEO Brad Garlinghouse claimed in a Fortune interview on June 20.In the interview, Garlinghouse outlined the key difference of two major cryptocurrencies, arguing that bitcoin is a store of value or “digital gold,” while XRP is a “bridge currency” that enables an efficient solution for fiat-to-fiat...

Bitcoin Prices Could Make Paying Taxes in Bitcoin Even More Attractive

Expert Take Robert W. Wood is a tax lawyer representing clients worldwide from the offices at Wood LLP in San Francisco. He is the author of numerous tax books and writes frequently about taxes for Forbes, Tax Notes and other publications.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. This...