Coin prices are back up again today during Thursday trading. Bitcoin remains within the $7,000 range but could it go higher before the week's out? - Bitcoin: $7,306 (⬆️ 0.54%) // $133.8 billion market cap.
- Ethereum: $171 (⬆️ 1.53%) // $18.9 billion market cap.
- XRP: $0.199 (⬆️ 0.58%) // $8.7 billion market cap.
- Tether: $0.999 (⬇️ 0.16%) // $6.3 billion market cap.
- Top 100 Winner: Chainlink: $3.38 (⬆️ 19.39%) // $1.1 billion market cap.
- Top 100 Loser: CyberVein: $0.033 (⬇️ 13.13%) // $35 million market cap.
Prices are as of 2 p.m. ET. | |
Binance denies allegations that it stole $1 million worth of crypto. In a blog post published today, the platform alleged that the theft was "false information" explaining that a user account was blocked after an investigation by law enforcement. The incident goes back to November 2018, when the owner of the funds accused Binance of blocking its funds for no reason. Binance informed the user that the account was blocked at the request of Korean law enforcement agencies, prompting the user to contact police. He claimed that the authorities had no complaints against him. However, in the blog post today, Binance has shed more light on the situation. It states that a Korean crypto project was the victim of a listing fee scam and lost 3,995 ETH in funds, worth around $860,000 at the time. The user is alleged to have claimed to be a Binance representative, promising to help the victim list their cryptocurrency for a fee on Binance. The so-called representative received a deposit totaling $8 million. In January 2019, Binance then received a request from police in South Korea to return the funds to the victim of the case. Binance stated that after they had performed all the necessary steps, they complied and returned the funds back to the victim. The exchange also provided screenshots as evidence of the request from the police. BINANCE | |
Harry and Meghan were used in a crypto scam. The Duke and Duchess of Sussex have been used in a Bitcoin scam that claims to have their involvement. According to an article published today, the pair were featured in a fake BBC story, where the couple appeared on ITV show "This Morning." According to the fake click-bait article, the pair purportedly tell TV presenter Phillip Schofield about a "wealth loophole," which can transform a person into a millionaire in a matter of months. Those who click through to the article are sent to the scam website, which shows a red banner and a countdown timer, warning that registration will close soon due to the high demand. Applying more pressure to potential victims, a picture with a person by the name of Mark K from Texas claims he's only been in the scheme for 47 days and has already made $10,000. THE MIRROR | |
Throwback Thursday: When BitInstant's Charlie Shrem was indicted. On April 10, 2014, Charlie Shrem, co-founder of the now-defunct BitInstant crypto exchange, was indicted for allegedly attempting to launder over $1 million in cryptocurrency. According to reports at the time, Shrem, the former vice-chair of the Bitcoin Foundation, and Robert Faiella, who was accused of operating an underground Bitcoin exchange called BTCKing, were charged with engaging in a scheme to sell Bitcoins to users on Silk Road for illegal purposes. On September 4, 2014, Shrem pleaded guilty to one count of aiding and abetting an unlicensed money transmitting business. On December 19, 2014, Shrem was sentenced to two years in prison and was ordered to forfeit $950,000 after pleading guilty. He later stepped down as vice-chair at the Bitcoin Foundation. | |
Bitcoin startup Fold has teamed up with Visa on crypto cash-back card. As part of Visa's Fintech Fast Track Program, Fold will be able to provide its users with a Visa co-branded debit card. This can then be used to pay for purchases with major retailers. | |
Crypto exchange Gemini will list Chainlink (LINK). Other coins the New York-based platform is planning to add include Orchid (OXT) and Dai (DAI). That's according to an announcement on the platform's blog today. Starting at 9:30 ET April 24, users will be able to deposit DAI, LINK, and OXT into their Gemini account, with trading to follow shortly thereafter. The eventual addition of these three coins will bring the total Gemini offers for trading and custody support to nine (the others being Bitcoin, Ether, Bitcoin Cash, Litecoin, Zcash, and Basic Attention Token). According to Gemini, the inclusion of Chainlink, Orchid, and Dai will give customers a new way to interact with the crypto space. As a result, Chainlink saw a near 20 percent jump in value, rising to $3.38 at the time of this publishing. GEMINI | |
The Autorité des Marchés Financiers (AMF) has said that it's too early to clarify crypto assets. The stance from the AMF, France's stock market regulator, comes in answer to a public consultation that European Commission held in March on crypto assets. | |
Author of "Rich Dad Poor Dad" has endorsed Bitcoin for one reason. Why has Robert Kiyosaki endorsed Bitcoin? Because it's not part of the system. | |
The Cardano Foundation partners with the South African National Blockchain Alliance (SANBA) to boost adoption. In an announcement, SANBA said that with the joining of the Cardano Foundation as its newest ally, it will help to drive the adoption of the blockchain and help to bring economic inclusion to the country's 59 million residents. Cardano said it sees South Africa as a key market in building a network of governments, enterprises, and institutions on Cardano. The foundation hopes to enhance Cardano's position throughout Africa by focusing on fintech, the blockchain, education, and smart contract frameworks. CARDANO | |
| | This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. | | Editor | Beth Duckett is a former news and investigative reporter for The Arizona Republic who has written for USA Today and other publications. You can follow her tweets here. | |