Category: United States

John McAfee Following the DOJ Indictment: The Allegations Are Overblown

A day after being indicted for several criminal offenses, including money laundering schemes and fraud, John McAfee has called the allegations brought by US authorities “overblown.” The former software antivirus creator also defended his ICO promotions and receiving payments with the particular coins. DOJ Goes After McAfee The former antivirus tycoon made a name in […]

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Co-Founder of Floyd Mayweather-Backed Centra Tech Sentenced to 8 Years in Prison

The co-founder of a fraudulent ICO project that duped more than $25 million from investors, Sohrab Sharma, has received a sentence of eight years in prison for his role. The project itself, dubbed Centra Tech, was previously backed by several celebrities, including the boxing legend Floyd Mayweather and the producer DJ Khaled. Centra Tech Co-Founder […]

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Bitcoin Losing $50K, Entering Bearish March: The Weekly Crypto Recap

This week was tough across the board, not just in the cryptocurrency market. It was marked by a serious correlation between Bitcoin and the S&P 500, as well as the entire legacy market, in general. As CryptoPotato reported, the abovementioned correlation reached a 5-month high. While this seems to be bearish in the short term, given that […]

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SEC Nominee Gary Gensler’s Hearing: What’s Good and Bad for Bitcoin and the Crypto Industry

Gary Gensler’s statements to the U.S. Congress on March 2, 2021, were beautiful to the ears of crypto enthusiasts. Still, a small part raised red flags and contributed to the markets closing the day with a red candle just when bitcoin seemed to be recovering from a monstrous crash. Gary Gensler is nominated by U.S. […]

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Cboe Files With the US SEC Again to List VanEck’s Bitcoin ETF

Yet another attempt for a US-approved Bitcoin ETF is on the horizon coming from the Chicago Board Options Exchange (Cboe). The organization’s filing with the SEC aims to build on a previous S-1 filing initiated by VanEck.  CryptoPotato reported in late 2020 that the US investment giant with about $50 billion in AUM, VanEck, has […]

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US House Passes $1.9 Trillion COVID-19 Relief Package, $1,400 Direct Check Provisions Included

This past weekend, the US House of Representatives passed President Biden’s $1.9 trillion stimulus bill, sending the piece of legislation to the Senate for a vote. Some of the notable parts of the bill include increased funding for vaccine distribution and schools, direct funding to state and local governments, and $1,400 checks to Americans making […]

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Kraken to Double its Valuation to $10 Billion via Funding Round

The veteran US-based cryptocurrency exchange Kraken is reportedly in talks to raise more than $5 billion and double its valuation to over $10 billion. Some of the giant names potentially participating in the latest funding round include Fidelity, General Atlantic, and Tribe Capital. Kraken to Increase its Valuation to $10B? Based in San Francisco, California, […]

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GME Stock Price Soars 110% Days After Keith ‘Roaring Kitty’ Reveals $5.5M Position

GameStop has undoubtedly become the most widely discussed company in 2021 following the Wall Street Bets fiasco that catapulted its price to all-time highs far beyond the wildest imaginations. The action on the stock had since cooled down a bit as WSB lost some steam, but in the past few days, it’s on again as […]

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Square Bought $170 Million in Bitcoin and Grew $4750 Million Last Year

Electronic payment processing company Square has been getting heavily involved with Bitcoin and has quietly tripled its equity. On its Fourth Quarter and Full Year 2020 Results announcement this Thursday, the company owned by Jack Dorsey – who is also the CEO of Twitter – revealed that after its initial Bitcoin purchase, it kept on […]

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