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US man faces 5 years in prison for unlicensed trading of over $3.2M in Bitcoin

Oct30
by on October 30, 2018 at 1:22 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


An American man has fessed up in front of federal court judges, pleading guilty for operating an “unlicensed money transmitting business.” A Department of Justics (DoJ) published a press release yesterday that details how Jacob Burrell Campos has been selling “hundres of thousands of dollars in Bitcoin to over 1,000 customers” across the United States. Burrell Campos had been operating his business through Localbitcoins.com between January 2015 and April 2016. According to the statement, the American cryptopreneur had been using Localbitcoins.com to attract customers. He then used a regulated US exchange, from which he was later banned, to trade cryptocurrency…

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Coinbase completes $300M funding round to become an $8B company

Oct30
by on October 30, 2018 at 1:15 pm
Posted In: Around the Web, blockchain, cryptocurrency, Hard Fork


It’s official: popular cryptocurrency exchange desk Coinbase is now an $8 billion company. In an announcement, Coinbase COO Asiff Hirji revealed the company has completed an additional $300 million investment round at a valuation of $8 billion to spearhead the adoption of cryptocurrency and digital assets. The Series E equity round was led by Tiger Global Management, with participation from other notable names like Y Combinator’s Continuity fund, Wellington Management, Andreessen Horowitz, and Polychain Capital. As part of the deal, Coinbase plans to use the $300 million cash injection to speed up its global expansion by building infrastructure between fiat…

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This Day in Deals: Celebrate Maradona’s birthday with these fake hands

Oct30
by on October 30, 2018 at 11:45 am
Posted In: Around the Web, Insider, Plugged


This Day In Deals is our new section where we share a historical fact and the day’s best deal – and try to connect them. The aim? To enrich ourselves financially, and you spiritually. Today, friends, is Diego Maradona’s 58th birthday. He was an Argentinian footballer. You might know him (the guy in sunglasses) from this photo: You might also remember him as one of the greatest footballers ever. Or as the player who scored a goal with his hand (which is illegal btw) against England in the 1986 World Cup. Known as the “Hand of God,” it’s one of…

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The average of these 5 death clocks could be the day you die

Oct30
by on October 30, 2018 at 11:41 am
Posted In: Around the Web


You may think Halloween is the time for trick-or-treating, dressing up as a Fortnite character, or carving pumpkins. But you’re wrong, it’s the time to face death. Despite fearing death, humans have always been weirdly obsessed with anticipating their final day on earth. Now in the digital age, this morbid fascination with predicting death has taken form in digital death clocks. Death countdown tools are often used as a joke but some financial institutions, health organizations, and insurers are using its data as a life expectancy calculator. If you could, would you want to find out when you’re going to die? Here’s…

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Report: Bitcoin volatility hits low as cryptocurrency trading volume tanks

Oct30
by on October 30, 2018 at 11:20 am
Posted In: Around the Web, cryptocurrency, Hard Fork


While the price of Bitcoin is approaching a one-year low, trading volumes across cryptocurrency markets have already reached that point. Blockchain research unit Diar has just dropped new data on the major cryptocurrencies. All top markets have slowed dramatically over the year. Bitcoin trading volume is down 79 percent from the highs of January this year. Diar highlights the low volumes are despite a sharp increase in activity from major banks and investment firms, like ICE-led Bakkt, or the famous Fidelity. The data implies both Wall Street experiments are yet to inspire any new interest in cryptocurrencies. Ethereum, too, has hit a…

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