The cases of the robber’s two accomplices are still pending.

A major suspect in a high-profile theft case related to Bitcoin (BTC) trading has pleaded guilty in a Singaporean court.

Syed Mokhtar Syed Yusope, an accomplice in a $360,000 robbery, pleaded guilty in a district court to a robbery charge on Sept. 9, Singeporean news agency The Straits Times reports.

Mokhtar, alongside his two accomplices, Jaromel Gee Ming Li and Mohd Abdul Rahman Mohamad, stole hundreds of thousands of dollars in cash from a Malaysian man in Singapore. 

Pretending to represent a Bitcoin broker, the group duped the victim into believing that they wanted to sell him Bitcoin for cash. Eventually, the criminals assaulted the M ... Read more »

Views: 7 | Added by: legokykondra | Date: 09.09.2020 | Comments (0)

Bitcoin for the survival win?

Celebrity and podcaster Adam Curry described the importance of Bitcoin (BTC) to podcaster and comedian Joe Rogan. He posited the asset's importance amid an internet-based world which thrives on personal data sales, banking activities, and centralized control. 

"The apocalypse is coming, and you're gonna need a Bitcoin — at least one," Curry said in a Sept. 8 interview with Rogan. "Are you a Bitcoin salesman, Adam Curry?" Rogan responded, put off at first by the comment. 

"I was very anti-Bitcoin, until I sold a s***load of them at like $900," Curry said said, noting he acquired a stack of the asset in its early days. "I got them fo ... Read more »

Views: 8 | Added by: legokykondra | Date: 09.09.2020 | Comments (0)

The U.S. dollar currency index caps six days of gains with fresh resistance, while stocks could give Bitcoin a fresh boost, says Michaël van de Poppe.

Bitcoin (BTC) may get a “relief” rally closer to $11,000 as stock markets recover and concerns remain over the U.S. dollar.

In a tweet on Sep. 8, Cointelegraph Markets analyst Michaël van de Poppe said that macro movements could serve to strengthen BTC/USD.

BTC price may fill the upper futures gap first

The rebound would follow testing times for Bitcoin, which has repeatedly dipped below $10,000 support since Friday. In line with long-term trends, the largest cryptocurrency could benefit from a shift in macro sentiment. ... Read more »

Views: 8 | Added by: legokykondra | Date: 09.09.2020 | Comments (0)

Ukraine beats Russia, China and more in adoption metrics, according to new research from Chainalysis.

Recent data published by Chainalysis revealed a surprising first place for Ukraine in the Global Crypto Adoption Index 2020, followed by Russia and Venezuela.

The index looks at three on-chain metrics: the total value of on-chain crypto transactions weighted by purchasing power per capita, or PPP, the value of on-chain retail transfers weighted by PPP, and the number of on-chain crypto deposits weighted by the number of internet users.

The index also factors in the volume of trades made on peer-to-peer crypto exchanges weighted by both the number of internet users and PPP.

... Read more »

Views: 7 | Added by: legokykondra | Date: 09.09.2020 | Comments (0)

Rather than a hedge against inflation, cryptocurrencies are an alternative to the dominant system entirely.


The U.S. Federal Reserve chairman, Jerome Powell, recently announced that the Fed will now shift its focus from targeting inflation to closing “unemployment shortfalls.” The Fed, in essence, is doubling-down on the same inflationary policies with which it experimented during the 2008 global financial crisis.

Speaking at a virtual Jackson Hole event recently, Powell said the Fed would not raise rates anytime soon. He also said that the Fed would tolerate higher inflation, departing from the historical norm of a 2% inflation target. This cheap money and higher inflation policy take quantitative easing to ... Read more »

Views: 7 | Added by: legokykondra | Date: 09.09.2020 | Comments (0)