Crypto Newsletter

Brazil’s ‘Bitcoin King’ arrested over 7,000 missing BTC

Self-described “Bitcoin King,” Claudio Oliveira, has been arrested and charged by Brazilian federal police for allegedly masterminding a 1.5 billion reais (roughly $300 million) fraud scheme involving crypto.

Oliveria served as the president of Bitcoin Banco Group, a Brazilian crypto brokerage firm that has been under investigation since 2019 claiming to have lost 7,000 BTC in investor funds.

Is Another BTC Price Crash On Its Way As Predicted By JP Morgan?

Bitcoin price may be headed for another price crash as per financial giant JP Morgan. The prediction comes in the wake of the upcoming Grayscale Bitcoin Trust (GBTC) unlock, a half-yearly event believed to have a volatile impact on Bitcoin price.

Will Cardano Price Hit the $2 Mark in July? Potentially Maybe a Yes!

July is off to a rather promising start, with Bitcoin’s price showing significant strength after recent losses. During the weekend, Bitcoin and Ethereum were trending higher. Cardano like all other altcoins has recovered from the recent sell-off. Although ADA price has yet to rise above $2, there are some positive signals that it will shortly.

Barclays Blocks Customers From Sending Funds to Binance

Barclays has reported it no longer supports wiring funds to Binance, one of the largest cryptocurrency exchanges in terms of daily volume. The bank announced its issues with wiring funds to Binance in a resolution message to the customers today. The banking giant cites the warning that the Financial Conduct Authority (FCA) issued against Binance last week. The measure affects more than 24 million Barclays customers at a worldwide level.

Nigerians trade crypto worth $1.5bn on Paxful amidst crypto ban

In just three months of the crypto ban in Nigeria, residents have traded crypto worth $225,000 on Paxful peer-to-peer platform.

Local media in Nigeria reports that Paxful revealed this to them. From November 2020 to February 2021, the source added that trading volumes from Nigeria was about $150,000 representing an increase in crypto sales during the crypto ban, local media reports.

YouTuber accused of engineering multi-million pump n dump via Uniswap

An ex-Google tech lead and YouTuber with more than 1.1 million subscribers has been accused of engineering a multi-million dollar “pump and dump” scheme.

Patrick Shyu, known pseudonymously as TechLead on YouTube, launched the Million token (MM) via Initial Dex Offering (IDO) on leading decentralized exchange Uniswap on July 1.

Instagram To Allow Users Sell NFT Collectibles, New Leak Reveals

According to leaker and mobile developer Alessandro Paluzzi, Instagram, one of the most popular photo and video sharing social networking platforms, is planning to adopt its version of non-fungible tokens (NFT) soon. The mobile developer has a knack for finding mobile updates ahead of time.

El Salvador’s Bitcoin mine could earn over 20,000 BTC ($750 million) a year

The country has embarked on an ambitious project that uses volcanic geothermal energy to mine Bitcoin. And it could be very lucrative.

El Salvador’s proposed Bitcoin mine could earn hundreds of millions of dollars each year given the current network state, a top miner pointed out in a tweet today.

Bitcoin Eyes $36K As Wyckoff Level As Altcoins Prepare To Surge

A trader forecasts that conditions are converging to a new Wyckoff level, bringing new strength among altcoins, which suffered disproportionately as Bitcoin momentarily fell below $30,000.

Japanese Ruling Party Official Says Digital Yen Clarity Will Be Revealed in 2022

While the U.S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. Japan’s ruling Liberal Democratic Party member, Hideki Murai, explained in a recent interview this week that more clarity on the digital yen would be revealed next year.