🛡Crypto Avengers Announcements

2021-12-21 20:55:06 DOJ to return 3,879 Bitcoin bought with funds stolen from Sony

The Department of Justice is set to return funds stolen from a Sony subsidiary in Japan.

All the Bitcoins were confiscated following an investigation led by the FBI. The Department of Justice is on the course of returning about 3,879 Bitcoin bought with funds siphoned from Sony Life Insurance Company Ltd in Tokyo, according to a new report on Tuesday.

Ishii allegedly used the stolen funds to purchase 3,879 Bitcoin, currently an equivalent of over $187 million.

Read Article Open / Comment

2021-12-21 20:07:08 A Twitter War Is On As 'Ask The Doctor' Goes Against Shiba Inu, Threatens To Sue SHIB Developers - The Crypto Basic

Inspired from the Shiba Inu's strong community, the company recently changed its profile picture to Shiba Inu logo and also challenged its followers to change their profile pictures to SHIB, until Shib hits 0.0001 but now the health services company is threatening to sue SHIB developers.

Ask the Doctor turned against Shiba Inu, calling it a "Scam".

Ask the doctor goes on and said "Why is ShytoshiKusama not revealing himself? Easier for scammers to hide from law enforcement and people coming after you? $shib. is a scam shibarmy., the 1% real is brainwashed and 99% is bots."

Read Article Open / Comment

2021-12-21 19:37:13 83 percent of millennial millionaires own cryptocurrency.

According to a survey, 83 percent of millennial millionaires own cryptocurrency.

According to the results of the latest CNBC Millionaire Survey, 83 percent of millennial millionaires own cryptocurrency.

According to the statistics, less than a quarter of Gen X millionaires and 4% of baby boomer millionaires are now invested in cryptocurrency.

Read Article Open / Comment

2021-12-21 19:29:46 Top 0.01% of Bitcoin holders control nearly a THIRD of the digital currency worth $232 billion

An estimated 114 million individuals hold Bitcoin worldwide, but nearly a third of the value is concentrated in 0.01 percent of accounts, the study found.

They authors found that major Bitcoin exchanges explain 75 percent of real Bitcoin transaction volume, and that Bitcoin mining capacity is 'highly concentrated.

'Our results suggest that despite the significant attention that Bitcoin has received over the last few years, the Bitcoin eco-system is still dominated by large and concentrated players, be it large miners, Bitcoin holders or exchanges,' the authors wrote.

Read Article Open / Comment

2021-12-21 16:20:37 https://twitter.com/galaxy_sidus/status/1473231772024545282 Open / Comment

2021-12-21 14:53:12 We All Need to Stop Only Seeing the Dark Side of Crypto. In some parts of the developing world, cryptocurrency is changing lives for the better

Crypto has deeply penetrated the country to the extent that Cuba's Communist Party, a conservative Marxist institution not known for its technological savviness, has instructed the Central Bank of Cuba to regulate the use of cryptocurrencies and to study how they can be used to help the government avoid US sanctions.

While crypto adoption in Cuba has been a bottom-up phenomenon, in El Salvador Bitcoin has been proclaimed legal tender by the country's controversial president, Nayib Bukele.

Due to currency controls, Venezuelan banks are not connected to the rest of the world, and therefore Bitcoin is used to move value in and out of the country using peer-to-peer markets where people can easily exchange Bitcoin for cash.

Read Article Open / Comment

2021-12-21 14:36:53 https://twitter.com/galaxy_sidus/status/1473254847210090499?s=21 Open / Comment

2021-12-21 14:32:55 HSBC fined £64m for failures on anti-money laundering. Crypto bad; banks good.

HSBC has been hit with a £64m fine and sharply criticised by UK regulators for "Serious weaknesses" in its anti money laundering controls over an eight-year period.

The Financial Conduct Authority said that, between March 2010 and March 2018, HSBC had a string of AML failures.

"More recently, as the FCA recognised, HSBC has made significant investments in new and market-leading technologies that go beyond the traditional approach to transaction monitoring. HSBC is deeply committed to combating financial crime and protecting the integrity of the global financial system."

Read Article Open / Comment

2021-12-21 13:54:33 Elektra Becomes The First Mexican Retail Store To Accept Bitcoin

Elektra, a well-known Mexican retail chain owned by billionaire Ricardo Salinas Pliego, has become the first of its kind in the country to accept bitcoin payments.

Yes, Elektra Accepts Bitcoin Supermarket chain Elektra has confirmed that is now accepting bitcoin payments for all items.

Billionaire Ricardo Salinas Pliego had confirmed the integration himself on Twitter saying, "The rumors are true. Elektra is the first store in Mexico that allows you to buy with bitcoin. I'm very sorry to beat the competition again." The retail chain is now the first and only one of its kind presently in Mexico that accepts bitcoin payments for all of its goods.

Read Article Open / Comment

2021-12-21 04:07:44 Coinbase CEO stole blockchain startup's work, lawsuit alleges

Read Article Open / Comment