bitcoin Crypto Donald Trump John Crudele 

Tabloid Columnist Wants Trump to Investigate ‘Bitcoin Manipulation Madness’

By CCN: Barely a week after New York Post columnist John Crudele crudely predicted that Bitcoin will soon be worth zero, the tabloid journalist has once again muddied the waters by calling on governments to launch a ‘massive investigation’ on ‘Bitcoin manipulation madness’. Bitcoin manipulation madness calls for massive investigation https://t.co/Opl7PO7C90 pic.twitter.com/5mbLVy5ef0 — New York Post (@nypost) May 23, 2019 Specifically, Crudele called on China, the EU and the US to probe those responsible for the ‘manipulation of bitcoin’s price’. Citing ties to Donald Trump, the tabloid journalist urged the…

Read More
News 

Bitcoin Businesses Push Back Against Proposed Canadian Crypto…

On May 16, 2019, San Francisco-based crypto exchange Kraken posted on Twitter a summary of its response to the Canadian Securities Administrators (CSA) “Proposed Framework for Crypto-Asset Trading Platforms”: “Kraken strongly recommends against Canada imposing a security law framework on cryptocurrency exchanges in public response to the Proposed Framework for Crypto-Asset Trading Platforms published by the CSA,” Kraken wrote. Jonathan Hamel, a Bitcoin technology consultant at Académie Bitcoin and associate researcher at the Montreal Economic Institute told Bitcoin Magazine that, in his view, the proposed security framework is a clear…

Read More
Elon Musk Tesla U.S. Business News 

Elon Musk’s Science Projects Are Killing Tesla Stock, Warns Analyst

By CCN: Tesla is getting hammered day after day on the stock market, leaving Elon Musk with no option but to adopt desperate measures to save his beloved electric car company. Tesla stock is crumbling day after day as Wall Street is turning against the stock | Source: Yahoo! Finance But Wall Street is not convinced, as one more analyst firm has joined the chorus against Elon Musk and slashed its Tesla stock price target. Elon Musk’s distractions are hurting Tesla stock Daniel Ives, an analyst investment firm Wedbush Securities,…

Read More
News 

The Man Behind Bitcoin Pizza Day Is More Than A Meme: He’s a Mining Pioneer

Bitcoin was barely a year old and trading for less than a penny. Excitement for the world’s first cryptocurrency was still largely bottled up in the infant hobbyist forum Bitcointalk, itself barely half a year old. Here, OGs effervescent with enthusiasm compared notes on economic philosophy, technical knowledge and the new cryptographic beast that Satoshi Nakamoto created. Satoshi himself was still active on the forum, too, as the earliest adopters shared their visions for the future of money. Though, if that future was going to be realized, something was still…

Read More
News 

Australian Civil Servant Caught Mining Crypto With Government Hardware

The Australian Federal Police (AFP) has charged a government employee alleged to have misused government IT infrastructure for personal cryptomining operations, per a press release. In the release, the AFP states that the unnamed 33-year-old man is an IT contractor with the Australian government, who took advantage of his access to “manipulate programs to use the processing power of the agency’s computer network for cryptocurrency mining.” For his effort, the report claims he earned AU$9,000 (around $6,200) from the mining operation. He was subsequently charged for the unauthorized modification of…

Read More
bitcoin Bitcoin Companies Bitcoin Regulation Circle Crypto jeremy allaire 

Jeremy Allaire’s Circle Lays Off 10% of Staff amid Prickly US Regulation

By CCN: Bitcoin has been booming lately, but Circle, the parent company of crypto exchange Poloniex, announced yesterday afternoon that about 30 employees are leaving as part of “organizational changes.” Circle CEO Jeremy Allaire cited an increasingly burdensome regulatory environment in the United States as part of the impetus for the move. Today we made organizational changes at Circle and eliminated approximately 30 positions, which is about 10% of our employees. We made these changes in response to new market conditions, most importantly, an increasingly restrictive regulatory climate in the…

Read More