Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published in the local media on November 11, the EFCC wants Sewanu to respond to fraud charges relating to Inksnation’s purported crypto token- Pinkoin.

The Inksnation scam, which gained popularity just before the start of lockdown restrictions, has duped many Nigerians with its promise of a lifetime income. Interested investors are asked to choose from five different investment packages. Each package promises a different monthly salary.

Fraud Charges

However, ... Read more »

Category: News | Views: 90 | Added by: danyagames2007 | Date: 17.11.2020 | Comments (0)

With COVID-19 cases on the rise and the world’s top economies re-considering strict lockdown measures, cryptocurrency exchange Poloniex has taken an interest in SENSO — a token focused on bringing high-quality entertainment into the rapidly expanding VR space.

Poloniex Lists SENSO

The exchange has added support for Ethereum-based SENSO tokens on November 17, 2020, giving traders access to two new trading pairs: SENSO/BTC and SENSO/USDT.

SENSO is the in-platform currency of Sensorium Galaxy — a social VR platform designed to enhance digital communication through compelling virtual experiences like music concerts, dance performances, art exhibitions, and ma ... Read more »

Category: News | Views: 46 | Added by: danyagames2007 | Date: 17.11.2020 | Comments (0)

China’s Center for Information and Industry Development (CCID), under the country’s Ministry of Industry and Information Technology, has released its 20th ranking of crypto projects.

A total of 37 crypto projects are ranked this time around overall as well as in three separate categories: basic technology, applicability, and creativity.

The top four positions remain unchanged overall from the previous ranking, with Dash replacing NEO in the fifth position. Bitcoin climbed from the 14th position to the 11th place while Bitcoin Cash rose slightly from the 30th to the 29th position. IOTA continues to rank the lowest.

... Read more »

Category: News | Views: 66 | Added by: danyagames2007 | Date: 17.11.2020 | Comments (0)

Schiff gave anyone reading his Twitter account in March “maximum opportunity” to profit, a popular trader says as Bitcoin tops $17,000.

The Bitcoin (BTC) price bottomed at exactly the point that gold bug Peter Schiff said that it would crash further — and proponents are reminding him of his mistake.

Retweeting a now infamous Twitter post that Schiff made in mid March, popular trader “CryptoBull” noted that he had accidentally called Bitcoin’s bottom, not top.

Schiff tweet “marks exact bottom” for BTC

Schiff was complaining that he had lost access to his Bitcoin wallet, but that soon it wouldn’t matter, because BTC/USD would keep crashing.

“Wi ... Read more »

Category: Analytics | Views: 55 | Added by: danyagames2007 | Date: 17.11.2020 | Comments (0)

The SEC summarized its efforts on combating crypto misconduct as its chairman is set to step down by the end of this year.

The United States Securities and Exchange Commission has brought 56 enforcement actions against initial coin offerings, blockchain and digital asset-related companies since July 2017.

On Nov. 16, the SEC released a report on the commission’s selected accomplishments during chairman Jay Clayton’s tenure from May 2017 until November 2020.

As part of the 28-page report, the regulator mentioned the SEC’s efforts to combat “cyber-related misconduct” including violations by companies involved in the crypto industry.

According to the report, the SEC brought 56 cases i ... Read more »

Category: News | Views: 50 | Added by: danyagames2007 | Date: 17.11.2020 | Comments (0)

Galaxy Digital saw massive growth in its Bitcoin fund trading volumes in Q3 2020.

Galaxy Digital, a cryptocurrency merchant bank founded by Mike Novogratz, is expanding its crypto offerings in Canada.

According to a Nov. 16 announcement, Galaxy Digital has partnered with major Canadian investment company CI Global Asset Management to launch a public Bitcoin (BTC) fund in the country.

The CI Galaxy Bitcoin Fund is a “closed-end investment fund” that aims to provide unitholders with exposure to Bitcoin. The fund will invest directly in Bitcoin using the fund’s holdings of the token based on prices of the Bloomberg Galaxy Bitcoin Index, the announcement notes.

As part of the new initiative, CI GA ... Read more »

Category: News | Views: 51 | Added by: danyagames2007 | Date: 17.11.2020 | Comments (0)

A Twitter survey of whether Williams should buy Bitcoin attracts the likes of Elon Musk as bull run publicity mounts.

Bitcoin (BTC) will hit $65,000 due to a combination of low supply and “tons of new buyers,” major investor Mike Novogratz says.

In an increasingly popular Twitter debate on Nov. 17, Novogratz, who is well known for his prominent Bitcoin plugs, told actress Maisie Williams not to hesitate in buying the cryptocurrency.

Novogratz on Bitcoin: Network effect has “taken over”

Williams had released a poll asking Twitter followers whether or not she should invest in BTC. At press time, the verdict was split, with 47% of the roughly 750,000 responses supporting an investment.

... Read more »
Category: News | Views: 72 | Added by: danyagames2007 | Date: 17.11.2020 | Comments (0)

Cryptocurrencies like Bitcoin are the best form of money, Binance’s CEO says.

Changpeng Zhao, the CEO of the world’s largest cryptocurrency exchange Binance, said that decentralized finance is here to stay despite many DeFi projects showing signs of being in a bubble.

In a Nov. 17 interview with Russia’s news agency RBC, Zhao argued that “a lot of DeFi projects are already in a bubble, and I also believe that there are some signs of a bubble in the DeFi industry, but this does not mean that DeFi will eventually disappear entirely.”

Zhao went on to say that the DeFi industry has a lot of potential for growth, noting that DeFi still remains popular amid an ongoing Bitcoin (BTC) rally. The ex ... Read more »

Category: News | Views: 63 | Added by: danyagames2007 | Date: 17.11.2020 | Comments (0)

Grayscale’s Bitcoin Trust now holds more than 500,000 Bitcoin, surpassing $8.3 billion in value.

Cryptocurrency fund manager Grayscale Investments now holds more than 500,000 BTC in its Bitcoin Trust. 

According to a Nov. 16 post, Grayscale now holds to $8.35 billion worth of Bitcoin— equating to 2.69% of Bitcoin’s (BTC) outstanding supply and market cap.

But with Chainalysis estimating that around 3.7 million BTC have been lost, Grayscale may actually now be in possession of 3.37% of Bitcoin’s remaining circulating supply

Appealing to institutional investors who are prepared to pay a premium to buy and hold cryptocurrency through the security of a regulated fund, shares in the Gray ... Read more »

Category: News | Views: 65 | Added by: danyagames2007 | Date: 17.11.2020 | Comments (0)

Bitcoin price hit a new 2020 high at $16,765, and traders expect a much larger rally to occur in the near term.

The price of Bitcoin (BTC) hit a new yearly high at $16,717 on Binance. Following the breakout, traders expect a larger rally to occur in the near term.

There are several reasons why analysts expect a prolonged uptrend. First, Bitcoin cleanly broke out of $16,000, taking out the $16,473 peak achieved on Nov. 13. Second, there is a “sell-side crisis” brewing as more BTC gets accumulated than mined. Third, BTC rallied despite indicators showing overbought signals.

... Read more »

Category: Analytics | Views: 67 | Added by: danyagames2007 | Date: 17.11.2020 | Comments (0)