Australian crypto fund manager sentenced to 7 years for stealing $54M from investors

Aussie fund manager has been sentenced to more than seven years in prison for operating a Ponzi scheme that cheated investors out of $54 million. Stefan He Qin, the founder of two cryptocurrency hedge funds, has been sentenced to more than seven years in prison after United States authorities found that he had cheated investorsContinue reading “Australian crypto fund manager sentenced to 7 years for stealing $54M from investors”

Apple will change its App Store practices in legal settlement

This could be THE BIGGEST CRYPTO NEWS of the year!!! The market should explode as users will be able to use crypto to pay for in app purchases – Kiwicrypto In settling class-action lawsuit, Apple agrees to allow developers to direct consumers to payment options outside of their app, which would allow them to avoidContinue reading “Apple will change its App Store practices in legal settlement”

Australians lost over $25 million to bogus crypto investments

Bitcoin-related investment scams have already exceeded $18.5 million, an increase of 44% compared to the total losses of nearly $12.8 million in 2020. Investment scams in Australia cost investors more than 70 million Australian dollars ($50.5 million) in the first six months of 2021, with crypto scams contributing to more than 50% of the losses,Continue reading “Australians lost over $25 million to bogus crypto investments”

‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector

 A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates China’s older warnings against the crypto industry. Chinese Government Report Mentions Bitcoin Mining,Continue reading “‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector”

Stay Disciplined in Volatile Crypto Markets

Tools and tricks to keep a cool head and make the right choices in volatile cryptocurrency markets. Cryptocurrency markets are relatively volatile when compared to other financial markets. The sudden rise and fall of cryptocurrency prices accompanied by a greater percentage of change is common in the market. This tends to be a risky investmentContinue reading “Stay Disciplined in Volatile Crypto Markets”

Elon Musk on Saturday Night Live Spurs Dogecoin Watch Parties

The late-night comedy show has become a potentially market-moving event for the joke cryptocurrency on a wild ride. They’ll be setting up taco bars, monitoring price movements on dedicated screens and taking a drink every time someone says “doge.” Dogecoin traders around the world are organizing watch parties for Elon Musk’s appearance this weekend on “Saturday Night Live,” withContinue reading “Elon Musk on Saturday Night Live Spurs Dogecoin Watch Parties”

J P Morgan Chase Embrace Crypto

One of the largest megabanks of the United States, JPMorgan Chase, is embracing cryptocurrency as an asset class. Sources revealed that the bank is rolling out plans to offer a JPMorgan Bitcoin fund to its clientele. Sources familiar with the subject stated that the JPMorgan Bitcoin fund could roll out as soon as this summer.Continue reading “J P Morgan Chase Embrace Crypto”

Is the Bitcoin Correction Over?…We think so!

Bitcoin may not be “mooning,” but the correction is DEFINITELY OVER!Don’t believe us? Here are just a few metrics to consider… 1) First off, this chart from Glassnode shows us the futures funding rate. See that red column? That is a negative funding rate, which means that short sellers are no longer making profit holdingContinue reading “Is the Bitcoin Correction Over?…We think so!”

How to Lose your Funds (or how not too!)

These days, anyone with Internet access and some funds in their account can use trading tools, terminals and exchanges. Rapid growth of the cryptocurrency market has led to many novice traders to join trading platforms in pursuit of quick and easy profits. As it often happens, for a number of different reasons, many of themContinue reading “How to Lose your Funds (or how not too!)”

How to avoid buying Shitcoins

Blockchain technology has made it possible for anyone to create their own cryptocurrencies and tokens. However, it is important to understand that not all of them will retain their value over time. Looking at Bitcoin’s growth, many novice investors are putting their money into new coins hoping that those will bring them super-profits and haveContinue reading “How to avoid buying Shitcoins”

Bitcoin Long Term Direction

Will Bitcoin Surpass $100,000? The post halving market didn’t fail to disappoint as the bull run has been in full swing! Let’s look at where Bitcoin is currently located and where it may head in the long term! What Will it be?After peaking in 2013, it took Bitcoin 1,247 days to reach the same priceContinue reading “Bitcoin Long Term Direction”

One BTC will be worth a Lambo by 2022, and a Bugatti by 2023: Kraken CEO

Amid the threat of dollar debasement, Kraken’s Jesse Powell believes Lamborghinis and Bugattis may be a better measure of Bitcoin’s value in the future. Appearing on Bloomberg, Kraken CEO Jesse Powell explained why he believes dollar-based long-term price predictions for Bitcoin are flawed, emphasizing the inflationary nature of fiat currencies. Responding to a question asking Powell forContinue reading “One BTC will be worth a Lambo by 2022, and a Bugatti by 2023: Kraken CEO”

Tether Is Fully Backed, Assurance Opinion Shows

Legend has it that there cannot be a Bitcoin bull market without an episode of vocal concerns about the state of the world’s largest stable coin Tether (USDT). Earlier this year, accusations resurfaced that USDT was not fully backed, meaning that its issuer Tether allegedly did not hold the equivalent value in U.S. dollars needed to backContinue reading “Tether Is Fully Backed, Assurance Opinion Shows”

New Zealand Retirement Fund Bets on Bitcoin With 5% Allocation

The KiwiSaver Growth Strategy, a NZ$350 million (US$245 million) retirement fund operated by New Zealand Funds Management, has according to local media allocated 5% of its assets to bitcoin, citing the cryptocurrency’s similarities to gold as one of the biggest reason behind the trade. According to local news outlet Stuff, New Zealand Funds’ chief investment officerContinue reading “New Zealand Retirement Fund Bets on Bitcoin With 5% Allocation”

What is an NFT?

NFTs are a special class of digital assets that cannot be exchanged with one another for equal value or broken down into smaller values like most currencies. No one NFT is the same as another, they are characterized by their unique qualities, as well as authenticity. The digital tokens often operate as a type ofContinue reading “What is an NFT?”