Cryptocurrency Archives

Trump Uses Bitcoin to Buy Burgers at NYC Bar

President Donald Trump stopped off at a bar during a campaign stop in New York City, and in typical fashion, the Republican presidential nominee bought burgers for all the patrons. However, Trump paid for the hamburgers using the number one cryptocurrency Bitcoin. Crypto advocates hailed the moment as "one of…

Russia Legalizes Bitcoin Payments for International Trade to Counter Sanctions

The Russian government has just taken a significant step in bypassing global sanctions by passing new laws to allow businesses to use Bitcoin for international trade payments. Russian lawmakers passed a bill on Tuesday that will allow businesses to use cryptocurrencies in international trade. The move is part of Russia's…

Trump Campaign Receives $2 Million in Bitcoin from Billionaire Winklevoss Twins

President Donald Trump's campaign has just received a huge Bitcoin donation from two prominent figures in the cryptocurrency space. On Thursday, billionaire twin brothers Cameron and Tyler Winklevoss announced on social media that they are endorsing Trump's re-election bid. In addition, they put their money where their mouth is and…

Cryptocurrency Firm Tether Freezes $225 Million in Customer Funds over Human Trafficking Allegations

Cryptocurrency firm Tether has frozen $225 million worth of customer funds over allegations of human trafficking. The company, which controls a stablecoin pinned to the U.S. dollar, took the action after it was reported that the funds were linked to a human trafficking syndicate in Southeast Asia. The U.S. Department…

IRS to Prioritize Criminal Investigations and Enforcement for Certain Assets

The Internal Revenue Service (IRS) has announced that the federal tax agency is prioritizing criminal investigations and will be increasing enforcement on certain assets. The IRS revealed that it plans to increase enforcement in the area of digital asset transactions and listed transactions. The agency identified certain transactions to have…

Tucker Carlson Warns Banking Crisis Will Lead to Digital Cash

Fox News star Tucker Carlson has warned his viewers that Democrat President Joe Biden's administration will usher in a federal government-control digital currency if Americans don't make their voices heard over the banking crisis. During the opening of his show, Carlson warned that the collapsing banking system will open the…

New York’s Signature Bank Closed Down by Regulators over ‘Systemic Risk’

Regulators have shut down New York's cryptocurrency-focused Signature Bank in an effort to prevent the banking crisis from spreading. The banking regulators cited "systemic risk" in a statement announcing the move on Sunday evening. "We are also announcing a similar systemic risk exception for Signature Bank, New York, New York,…

Crypto Billionaires Are Dying in Mysterious Circumstances around the World

Amid the recent collapse of the cryptocurrency exchange FTX, other crypto billionaires have been dying in mysterious circumstances around the world. Sam Bankman-Fried first captured headlines in the wake of crypto platform FTX’s spectacular fall from grace. FTX imploded just two days after the 2022 midterm election, which Bankman-Fried heavily…

European Union to Ban Cash Transactions over €10,000

The European Union is introducing new laws that will ban transactions over €10,000 ($10,557) in a major push toward an eventual cashless society. However, the laws also seek to impose stricter controls on cryptocurrency and will track crypto payments above 1,000 euros ($1,055). EU leaders ostensibly claim that the new…

Billionaire Russian Crypto Entrepreneur Dies in Helicopter Crash

A billionaire Russian cryptocurrency entrepreneur has died in a helicopter crash near Monaco, according to reports. Vyacheslav Taran, 53, died after the helicopter mysteriously crashed unexpectedly, despite good weather in the area. The tragic incident makes Taran the third cryptocurrency entrepreneur to die suddenly in recent weeks. The helicopter crashed…