Browsing:Bitcoin

US SEC Charges Two Firms for Alleged Crypto Pump and Dump Scheme
2 years ago 2 mins read

Two companies are accused by the US SEC of using a crypto Pump and Dump scheme

The Securities and Exchange Commission (SEC) of the United States has charged two businesses, their executives, and a purported international gold trader with operating a hoax to increase interest in their digital currency. According to the agency, the defendants received over $36 million as a result of the token’s misleading advertising. An alleged pump and dump scheme involving the cryptocurrency Dignity (DIG) was allegedly run from 2017 to 2019 by the Bermudan company Arbitrade, the Canadian business Cryptobontix, Troy Hogg, owner and founder of Cryptobontix, James Goldberg, Stephen Braveman, COO of Arbitrade, and Max Barber, a purported international gold trader,

Russia Supplying Kazakhstan with Electricity for Cryptocurrency Miners
2 years ago 2 mins read

Kazakhstan receives electricity from Russia for its cryptocurrency miners

In an effort to supply Kazakhstan’s miners with electricity, Russia is seeking to increase Kazakhstan’s energy needs as part of an amendment to their bilateral cooperation. The decision was made as Kazakhstani cryptocurrency miners’ demand for electricity is rising as mining activity picks up. Russian media outlet RBC revealed the development in a recent story. According to the article, the Russian government has asked for changes to be made to the bilateral energy agreements between the two neighbors. The Russian government’s directive in this regard is reflected in this development. The amendment aims to make sure that the energy systems

MicroStrategy is seeking to hire a software engineer to work on the creation of a SaaS platform based on the Lightning Network.
2 years ago 1 min read

MicroStrategy wants to engineer in Bitcoin Lightning Software

MicroStrategy, a well-known provider of business intelligence and software, is seeking to hire a software engineer to work on the creation of a SaaS platform based on the Lightning Network. This occurs soon after Michael Saylor, the company’s former CEO, resigned. The company posted a job application looking for an experienced software developer for a new platform that will be created to provide businesses with “innovative solutions to cyber-security challenges and enabling new e-commerce use cases.” The new hire will be tasked with developing software applications using the Lightning Network, Bitcoin Blockchain, and other decentralized finance technologies. The other focus

Chinese-controlled entities are cited by the India Financial Crime Unit in alleged crypto fraud
2 years ago 1 min read

Chinese-controlled entities are cited by the India Financial Crime Unit in alleged crypto fraud

As part of an investigation into alleged cryptocurrency fraud involving the app-based token “HPZ” and comparable applications, India’s financial crime-fighting agency has frozen US$1.2 million in account balances of various “Chinese-controlled entities.” The following businesses were named by India’s Enforcement Directorate (ED) in a press release: Comein Network Technology Private Limited, Mobicred Technology Private Limited, Magic Data Technology Private Limited, Baitu Technology Private Limited, Aliyeye Network Technology India Pvt Ltd, Wecash Technology Private Limited, Larting Private Limited, Magic Bird Technology Private Limited, and Acepearl Services Private Limited. According to the ED, the “fraudsters” claimed that purchasing HPZ tokens was “investing

42nd edition of largest tech show to welcome more than 5,000 companies to explore and experiment in a decentralised future of the internet and a sustainable global digital economy
2 years ago 13 mins read

GITEX GLOBAL 2022 gathers world’s leaders to challenge and collaborate in the Web 3.0 economy

42nd edition of the largest tech show to welcome more than 5,000 companies to explore and experiment in a decentralized future of the internet and a sustainable global digital economy GITEX sets to wow with the year’s biggest and most immersive metaverse experience across multiple sectors, from music, fashion, sports, to lifestyle, and business His Excellency Omar Al Olama: “My office has partnered with GITEX to ensure that we’re not just showcasing technology, but inventing and developing technology” UAE, September 29, 2022: Dubai will transform into the ultimate digital epicenter of the world next month, as the UAE hosts the

Bitcoin price 2022
2 years ago 2 mins read

Is Bitcoin (BTC) gearing up for an October price rally?

As September comes to a close, the crypto market leader, Bitcoin (BTC), may stage a mini rally, as October has historically been a good month for the largest cryptocurrency by market cap. At the time of writing, BTC is trading below the $20k resistance level, at around $19,4436, after a 3.82% increase in price over the previous 24 hours, according to CoinMarketCap. According to the monthly chart of BTC/USDT, BTC’s price performed poorly in September. As the month comes to a close, BTC has dropped 3.17%. Furthermore, the chart reveals a pattern in the monthly price movements of BTC. Historically,

The South Korean Tax Authority has reportedly seized 260 billion won (around $184.3 million) in cryptocurrency that belonged to tax evaders
2 years ago 1 min read

The South Korean Tax Authority seizes $184 million in crypto that belonged to tax evaders

The South Korean Tax Authority has reportedly seized 260 billion won (around $184.3 million) in cryptocurrency that belonged to tax evaders, local news site Yonhap News said on Thursday. However, the organization put a freeze on that sum from 2021 to 2022. According to information provided by Kin Sang Hoon, a member of the country’s parliament, the greatest sum ever seized from a single tax evader was $8.87 million. He claimed that the defendant owned cryptocurrency assets such as Ripple’s XRP and Bitcoin. It’s important to note that South Korea‘s implied rule requires cryptocurrency exchanges to give tax authorities information

Nigeria national John Oseni is a 17-year-old multitasking software and blockchain developer who started his career in tech in 2021.
2 years ago 2 mins read

Optimisus Exclusively Interview John Oseni — 17 Years Old Nigerian Full Stack Blockchain Developer

Nigeria national John Oseni is a 17-year-old multitasking software and blockchain developer who started his career in tech in 2021. John started coding at a very tender age, making his parents think he was possessed at that time. In an interview with Optimisus representative Daniel Karikari, Oseni shared his humble beginnings and how he became a Full Stack Blockchain Developer. According to John, at the age of 15, in Legos, Nigeria, he began repairing DVDs, radios, refrigerators, and other hardware devices for his neighborhood, where he discovered his stunning talent before pursuing his career in the tech space. In addition,

BTC Market Analysis: July 25th, 2022
2 years ago 1 min read

BTC Market Analysis: July 25th, 2022

After several weeks of the market downturn, $BTC has just climbed from lows of $19,000 to highs of $24,000, providing some much-needed relief. The price of Bitcoin is at $21,857 at the time of writing, and I will forecast its next move using technical analysis and some fundamentals. According to the chart, the price of bitcoin will continue to trade in a zigzag pattern in this falling wedge until it reaches the $20,000–21,000 support area. At that point, a strong surge will break the wedge and cause it to rise to roughly the $26,000 region. However, depending on the volatility

Bitcoin price 2022
2 years ago 3 mins read

Bitwells Exchange Launches 777 BTC Giveaway for Derivatives Traders

Victoria, Seychelles, 15th July, 2022, Chainwire Bitwells, the leading crypto derivatives exchange, has launched a 100% deposit match for new signups. The programme will reward traders who deposit up to 10 BTC with a corresponding bonus amount. A total of 777 BTC has been set aside in a funding pool and allocated for the promotion. A user who deposits 1 BTC, for example, will receive a total of 2 BTC credited to their account, while a trader who deposits the maximum 10 BTC will receive 20 BTC. The offer by Bitwells exchange is the most generous promotion of its kind

Bitcoin price for 2022
2 years ago 2 mins read

Bitcoin Weekly Price Prediction – May 30, 2022

On the BTC chart, we witnessed the market continue to fall in price and test a long-term support that has been in effect since January 2021. The support region’s price range is about $28,000–$29,00, and the market has been trading in a range for the past few days. The next direction the market will go will be determined by a breakout from this range. BULLISH SCENARIO According to the bullish point of view, the market will respect the support zone and go upwards from there in the coming weeks, as seen in the chart below. A closer examination of the

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