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Gifts and Remittances: Bitcoin.com's New Tools Allow People to Send BCH via Email

Gifts and Remittances: Bitcoin.com’s New Tools Allow People to Send BCH via Email

This month Bitcoin.com launched two services that help facilitate bitcoin cash adoption and crypto remittance via email. In a recent video on June 5, Bitcoin.com’s Roger Ver showcased gifts.bitcoin.com, a new feature that allows individuals to send BCH gift cards … read more.

Gold Industry Shaken as 83 Tons of Fake Gold Bars Used to Secure $2 Billion Loans in China

The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, … read more.

Bitcoin Investors Pocketed 42% in Gains During the Second Quarter of 2020

Bitcoin Investors Pocketed 42% in Gains During the Second Quarter of 2020

The second quarter of 2020 was very profitable for bitcoin investors, according to data analytics firm Skew. During the period, the top cryptocurrency climbed 42%, its fourth-best quarterly close since 2014. For the March quarter, the digital asset fell 10.6%, … read more.

Tether’s Market Valuation Grows 144% in 2020, USDT Market Cap Worth $10 Billion

The most popular stablecoin, Tether, has propelled its way into the third-largest position by cryptocurrency market capitalization. At the time of publication, a number of market valuation aggregators show that Tether’s market cap is between $9.1 to $10.1 billion. Tether … read more.

Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto Donations

Alt-Right Activist Stefan Molyneux Banned from Youtube, Raises $100K in Crypto Donations

The founder of Freedomain, philosopher and alt-right activist, Stefan Molyneux, received more than $100,000 in cryptocurrency donations after he was banned from Youtube on June 29, 2020. Stefan Molyneux is well known for his Youtube videos, podcasts, and books. His … read more.

A 'Significant Increase': UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies

A ‘Significant Increase’: UK Regulator Says 2.6 Million Residents Have Bought Cryptocurrencies

The UK’s top financial regulator has conducted a survey and found a “significant increase” in the number of crypto owners and awareness of cryptocurrencies. The regulator estimates that 2.6 million people in the country have bought cryptocurrencies, most of which … read more.

$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank Accounts

$11 Trillion Offshore Assets Uncovered After 100 Countries Share Information on 84 Million Bank Accounts

Governments in nearly 100 countries have been sharing offshore bank account information in an effort to crack down on tax evasion. Their “Automatic exchange of information” has led to uncovering 10 trillion euros ($11 trillion) in offshore assets in 84 … read more.

Russian Court: Bitcoin Theft Not a Crime

Russian Court: Bitcoin Theft Not a Crime

A Russian district court has dismissed bitcoin theft as a crime since cryptocurrency is not regulated in Russia and there is no legal status for bitcoin. The accused were found guilty, sentenced to prison, and ordered to return only the … read more.

UK Court Denies Maduro Access to $1 Billion of Venezuela's Gold Stored at Bank of England

UK Court Denies Maduro Access to $1 Billion of Venezuela’s Gold

The UK is denying Nicolas Maduro access to Venezuela’s gold worth about $1 billion, stored at the Bank of England. The UK High Court has ruled that the country does not recognize Maduro as president of Venezuela, blocking him from … read more.

Despite Covid-19 Negativity, Crypto Prediction Markets Say Trump Wins the 2020 Election

According to a number of crypto prediction markets and futures, Trump will still win the election in 123 days, but his chances have lessened a great deal. No matter who wins, however, the large sums of money flowing into these … read more.

Crypto Use-Cases in Africa on the Rise, According to Luno

Crypto Use-Cases in Africa on the Rise, According to Luno

Twitter and Square CEO, Jack Dorsey recently said “Africa will define the future (especially the Bitcoin one!)” But was he right? Crypto in Africa on the Rise Sad to be leaving the continent…for now. Africa will define the future (especially … read more.

The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies

The IRS Investigation Division Is Requesting Information About Privacy-Centric Cryptocurrencies

The United States tax agency has published a request for information pertaining to privacy-centric cryptocurrencies and technologies that obfuscate crypto transactions. The IRS-CI Cyber Crimes Unit request is also asking for information in relation to “layer two offchain protocol networks, … read more.

Personal Data of 250,000 People From 20 Countries Leaked by Bitcoin Scam

Personal Data of 250,000 People From 20 Countries Leaked by Bitcoin Scam

A global bitcoin scam has reportedly leaked personal data of about 250,000 people from more than 20 countries. The majority of the compromised data were of people in the U.K., Australia, South Africa, and the U.S. This bitcoin scam operates … read more.

Over 2,500 Austrian Merchants Can Now Accept Cryptocurrency Payments

More than 2,500 merchants in Austria can accept three types of cryptocurrencies via the payment processor Salamantex. The company explained that the system was tested with a number of select A1 5Gi network shops. Since the Covid-19 outbreak, contactless payments … read more.

A New Price Valuation Model Says $10,670 Fair Value For Bitcoin

Seba, a Switzerland based bank, is proposing a Bitcoin valuation model that places its fair value at $10,670. At this price, the model suggests Bitcoin is trading at a significant discount, at just above $9,100. In a blog posting this … read more.

Bitcoin Entrepreneur Brock Pierce Joins the 2020 US Presidential Election

Bitcoin Entrepreneur Brock Pierce Joins the 2020 US Presidential Election

Blockchain entrepreneur and former Disney child actor, Brock Pierce, is running for President of the United States this election. Pierce announced he was running during America’s Independence Day celebration on July 4, the same day Kanye West revealed his candidacy. … read more.

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala

More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more.

The Tokenized Metaverse: Non-Fungible Token Sales to Surpass $100 Million

On July 1, 2020, the partner of Polynexus Capital, Andrew Steinwold, detailed that the sales of blockchain-powered non-fungible tokens (NFTs) are about to cross the $100 million mark. The popularity of NFTs has grown massive since 2017, as blockchain cards, … read more.

Bitcoin Volatility Hits Three-Year Low, Sparking Fears of Massive Sell-Off

Bitcoin Volatility Hits Three-Year Low, Sparking Fears of Massive Sell-Off

The cryptocurrency data analytics and research company, Skew has warned that bitcoin could see a massive sell-off due to declining volatility. The data analytics firm says that bitcoin (BTC) realized volatility hit 20% over the past 10 days – it’s … read more.

European Blockchain Ecosystem Needs €350 Million for the Next 18 Months

European Blockchain Ecosystem Needs €350 Million for the Next 18 Months

A study report by Leadblock Partners, an appointed representative of Sapia Partners LLP, finds an accelerating growth of the European blockchain ecosystem.The findings of the Leadblock Partners study suggest European respondents have a funding need for €350 million for the … read more.

Crypto Derivatives Volumes Crash 36% to $393 Billion in June, a Low for 2020

Crypto Derivatives Volumes Crash 36% to $393 Billion in June, a Low for 2020

Crypto derivatives trading volumes plunged 36% to $393 billion in June, the lowest they have reached in 2020, according to a new report by Cryptocompare. The decline may be the result of a lull in investor interest in the instruments … read more.

South African Investors to Lose $13 Million as Bitcoin Scammer Declared Bankrupt

South African Investors to Lose $13 Million as Bitcoin Scammer Declared Bankrupt

A South African high court has declared an alleged bitcoin scam mastermind, Willie Breedt, bankrupt. The court decision follows an application by one disgruntled investor, Simon Dix, a News24 report states. Willie Breedt is the CEO of the defunct Vaultage … read more.

Encryption Crackdown: Private Phone Network With 60,000 Users Dismantled by Law Enforcement

Encryption Crackdown: Private Phone Network With 60,000 Users Dismantled by Law Enforcement

An international law enforcement team has brought down an encrypted phone network with 60,000 users worldwide. The platform was one of the largest providers of encrypted communications, widely used by organized crime groups. UK’s National Crime Agency (NCA), Europol, Eurojust, … read more.

Bitcoin.com Wallet Launches New Portfolio Breakdown and Stablecoin Swap Features

Bitcoin.com Wallet Launches New Portfolio Breakdown and Stablecoin Swap Features

With over 11 Million Bitcoin.com Wallets created, we’re building new features our users need most in order to enjoy the best possible cryptocurrency experience. Our wallet’s latest features now provide seamless swaps between bitcoin (BTC), bitcoin cash (BCH), and the … read more.

Tiktok Ban: US May Join India in Banning Chinese Social Media Apps

Tiktok Ban: US May Join India in Banning Chinese Social Media Apps

The Trump administration is looking at banning Tiktok and other Chinese social media apps, according to Secretary of State Mike Pompeo. India has already banned Tiktok in its country, along with 58 other mobile apps. Recently, a Tiktok video about … read more.

Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions

Escalating Bank Runs Spur Chinese Government to Require Approval for Large Cash Transactions

A series of bank runs has prompted the Chinese government to begin requiring approval for large cash deposits and withdrawals at commercial banks, starting with banks in a northern province. Recently, two bank runs happened within a week as people … read more.

The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network

The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network

The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing … read more.

Bitcoin Price Poised for 'Imminent' Breakout As Network Hashrate Hits Record Highs

Bitcoin Price Poised for ‘Imminent’ Breakout As Network Hashrate Hits Record Highs

The price of bitcoin could see an ‘imminent’ breakout, according to the latest Glassnode data. The data firm says bitcoin (BTC) has been flashing bullish for the past six weeks amid positive onchain activity. Meanwhile, the BTC network hashrate has … read more.

Renters Threaten US Real Estate Market, 20 Million Americans Face Eviction

The aftermath of the coronavirus-provoked business shutdowns in the United States caused a number of market observers to focus on the U.S. real estate and rental markets. As the federal moratorium on evictions reaches its expiry, a recent Aspen Institute … read more.

Crypto Facilities Gets FCA Nod to Set up Crypto Futures Venue

Crypto Facilities Gets FCA Nod to Set up Crypto Futures Venue

Crypto Facilities, a subsidiary of Kraken cryptocurrency exchange, has obtained a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA).An MTF is a European regulatory term for a self-regulated financial trading venue. MTFs are an alternative to … read more.

Kanye West Factual Beat Donald Trump at His Comprise Game

  • Kanye West announced Wednesday that he now now not supports Donald Trump.
  • He also said he’s running for president under his possess celebration, identified as the “Birthday Occasion.”
  • While he completely has his stunning share of critics, West factual beat Donald Trump at his possess game.

Kanye West isn’t any longer “pink-pilled.”

The rapper and husband of actuality superstar Kim Kardashian announced Wednesday that he would now now not toughen Donald Trump and his political endeavors. He also announced that he will likely be running for president under his celebration—the Birthday Occasion—with none as an alternative oftech-bro messiah Elon Musk as his high adviser.

While West has his stunning share of critics about the topic, one element is for determined: he factual beat Trump at his possess game.

Kanye West No Longer Supports Donald Trump

Leaving aside the madness of what has long gone on since he change into the commander-in-chief, Donald Trump didn’tneed to change into president.

Bigger than a pair of folks—includingpolitical provocateur Michael Mooreandjournalist Michael Wolff—argued that Trump first and basic ran for the White Apartment to accept publicity for himself. Trump, who change into banking on a loss, change into then going to make bid of the consequent excessive-profile press engagement to launch his network, Trump TV, which would possibly maybe private made Fox Recordsdata belief love Air The US.

But unlike Trump—who received in 2016 in opposition to your total odds—there’s a statistical improbabilitythat Kanye West will desire the presidency. No topic, despite the indisputable fact that, on tale of he’s the utilization of the different to present himself a pair of of the most a ways-reaching publicity of his career.

In the the same breath, Yeezy made sure thathe can’t, in right faith, continue to toughen Donald Trumpwhereas pursuing the White Apartment under the “Birthday Occasion.”

One in every of the principle reasons I wore the pink hat as a shriek to the segregation of votes in the Dark neighborhood. Additionally, as an alternative of the indisputable fact that I love Trump hotels and the saxophones in the lobby. [But] I’m taking the pink hat off with this interview.

And, in a roundabout blueprint, that’s the least insane element he says in the interview.

West and Trump Non-public A Lot In Customary

For all that Kanye West now now not supports Donald Trump, he determined has realized a element or two from him.

Kanye West and Donald Trump are one in the the same man. | Source:Twitter

Transferring the knowledge cycle in his direction? Dominating the conversation? Descending from angry genius into sheer madness? Spewing nonsense that handiest is good to his most non secular supporters?

Kanye West and Donald Trump are one in the the same man. No marvel West change into in a keep to beat Trump at his possess game.

Disclaimer: The opinions expressed listed here raise out now now not necessarily direct the views of CCN.com.

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2 Reasons WHO’s New Pandemic Warning Is no longer all the time in actuality Scaring This Inventory Market

  • The World Health Organization (WHO) acknowledged virus-linked deaths in the U.S. might per chance per chance proceed to create bigger.
  • WHO additionally confirmed emerging info that reveals the airborne nature of the virus.
  • The U.S. stock market remains unfazed, indicating investors are pricing in a worse from the pandemic.

The World Health Organization (WHO) warnedvirus-linked deaths might per chance per chance create bigger in the contrivance-term, as cases proceed to grow. It additionally acknowledged there might per chance be emerging proof of airborne transmission of the virus. But, the U.S. stock market is barely showing indicators of a downturn.

The WHO’s emergencies program govt director Mike Ryan acknowledged:

I don’t think it desires to be a shock if the deaths birth to upward push again. This might per chance well per chance even be very unhappy, however it might per chance well perhaps additionally fair happen.

A confluence of relaxed financial instances and recent financial info might per chance per chance withhold the momentum of shares in the contrivance-term.

The U.S. stock market in all fairness stable despite a barrage of harmful developments. | Source: Yahoo Finance

Favorable Financial Prerequisites And Rising Cash Piles Offset Pandemic Threats

On Monday,239 scientists sent a letter to the WHOand requested the organization to acknowledge the airborne-nature of the virus.

Two days after the letter was once publicized, the WHO confirmed there might per chance be recent proof that reveals airborne transmission.

Dr. Benedetta Alleganz, technical lead for An infection Prevention and Withhold an eye on on the WHO acknowledged:

We acknowledge that there might per chance be emerging proof on this field, as in all other fields concerning the Covid-19 virus and pandemic and therefore we take into accounts that we must be originate to this proof and realize its implications concerning the modes of transmission and additionally concerning the precautions that must be taken.

Despite the WHO’s referring to assertion, the U.S. stock market remains reasonably unfazed. It suggests that investors might per chance per chance beget priced in a worse from the pandemic.

It will additionally show thatfavorable financial instancesand trillions of dollars in money piles are combating a correction.

Records frommoney markets and hedge fundsshow that investors are aloof cautious referring to the stock market.

When the piles of cash on the sidelines birth to re-enter the stock market, it might per chance well perhaps per chance cause one more uptrend.

Investors presumably demand the pandemic to worsen, however enact no longer dwell up for the economy to narrate no even extra.

New cases proceed to waft in the U.S. | Source:CDC

For occasion, the U.S. unemployment rate is at a double-digit. However, the U.S. stock market increased by 3.5% since behind June. That reveals as jobless claims birth to fall, equities might per chance per chance glance a renewed uptrend.

Investors seemingly enact no longer dwell up for the unemployment rate to create bigger in the contrivance-term. The 2d wave of stimulus and the contrivance-zero Fed Funds Rate are declaring a certain sentiment amongst investors.

Central Banks Withhold Buying

Atop of solid elementary factors, central banks are continuing their bond-buying spree. 

This week, the European Central Financial institution’s president Christine Lagarde acknowledged it might per chance well perhaps per chance well focal point its $3.16 trillion “asset seize plot” on inexperienced asset purchases.

The Federal Reserve acknowledged in behind June that it might per chance well perhaps per chance well birth buying particular person company bonds alongside change-traded funds (ETFs).

Investors are divided on the stance of central banks in each and each the U.S. and Europe.

Some take into accounts that the aggressive technique of many central banks is conserving the stock market afloat. Othersdifficulty a bubble is forming, which might per chance well quit in a steep pullback.

Economist Gary Shilling acknowledged the most modern stock market development is “comparable to what took build in the 1930s.” He hinted at a chance of a 40% fall from the most modern point.

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Cryptocurrency market value jumps $35 billion in 24 hours led by a surge in bitcoin


Chesnot | Getty Images

Cryptocurrency prices surged on Thursday, led by a big jump in bitcoin. 

The entire market capitalization or value of cryptocurrencies jumped $35.3 billion in 24 hours as of 2.19 p.m. Singapore time, according to data from CoinMarketCap.com. 

Bitcoin, which accounts for most of that movement, was at $9,388.30 — or up 18.57% in the last 24 hours as of 2.03 p.m. Singapore time, Coindesk data showed. That’s the highest level since March 7. 

Cryptocurrencies saw two major bouts of selling in March amid the broader plunge in equity markets. But they have now recovered that ground. 

Industry participants attribute this to two factors — central bank monetary policy as well as an upcoming event known as bitcoin halving. 

Major central banks around the world have unveiled huge stimulus packages to cushion the economic fallout from the coronavirus pandemic. They have also signaled their willingness to do more. This has been a factor behind the recent rise in stock markets in past few days, and has filtered through to bitcoin and other cryptocurrencies. 

“My sense is that overall markets are not reflecting reality on the ground though, but this is also the result of the Fed in the U.S. being extremely clear that they will do anything to make sure there is economic stability,” Vijay Ayyar, head of business development at cryptocurrency exchange Luno, told CNBC. He was referring to the U.S. central bank that pledged to keep its benchmark interest rate near zero until the economy recovers.

“We could be seeing a lot of money flowing into equities and crypto as well, as a result of the new money printing.”

Bitcoin ‘halving’

An event known as bitcoin “halving” is happening in May and it’s to do with a pre-programmed change in part of bitcoin’s underlying technology known as blockchain.

The bitcoin world works with so-called “miners” with high-powered computers competing to solve complex math problems to validate bitcoin transactions. Whoever wins that race gets rewarded in bitcoin.

Currently, miners are rewarded 12.5 per block mined. The rewards are halved every few years to keep a lid on inflation. By May 2020, the reward per miner will be cut in half again, to 6.25 new bitcoin.

This essentially reduces the supply of bitcoin coming onto the market. Halving is an event that happens every four years. Previous halving events have preceded big price increases in bitcoin.

“While part of this rebound may be explained by a renewed ‘risk-on’ attitude of global investors, it is also clear that bulls have been triggered by the upcoming halving event and the anticipated appreciation in value in the wake of it,” said Matthew Dibb, co-founder of Stack, a bitcoin index fund provider.

“For those buying into bitcoin now, many see this as an opportunity to buy BTC at bargain basement rates before a price pop post halving.” 

‘Casino Jack’ Abramoff Charged in AML Bitcoin Cryptocurrency Fraud Case, Could Return to Prison | News Bitcoin News

Jack Abramoff, the lobbyist behind one of the biggest Washington lobbying scandals as portrayed in the feature film Casino Jack, has been charged in connection with AML bitcoin cryptocurrency. He faces returning to jail after previously serving three and a half years in prison.

Jack Abramoff Charged in Cryptocurrency Fraud Case

The U.S. Department of Justice (DOJ) announced on Thursday that lobbyist Jack Abramoff and Rowland Marcus Andrade have been “charged with fraud in connection with $5 million initial coin offering of cryptocurrency AML bitcoin.”

It has been more than 14 years since Jack Abramoff pleaded guilty in one of the biggest Washington lobbying scandals in U.S. history. Now the 62-year-old has reportedly agreed to enter guilty pleas on charges in two separate schemes, one of which involves a cryptocurrency project called “AML bitcoin,” with which he allegedly helped Andrade defraud investors. The DOJ alleges:

Andrade and Abramoff conspired to make false and misleading statements to potential purchasers of a proposed new cryptocurrency called AML bitcoin.

The charging document states that “Andrade claimed to be the creator of AML bitcoin and inventor of its technology that purportedly would prevent money laundering and anonymous use through ‘biometric technologies.’” He further “claimed this technology would allow the AML bitcoin cryptocurrency to comply with anti-money laundering and know-your-customer laws and regulations.” Andrade and his company NAC Foundation sold AML bitcoin to investors in the U.S. and globally through at least December 2018, raising more than $5 million, the DOJ noted. “Andrade defrauded investors by misusing funds that were raised and laundered funds that were illegally obtained.”

'Casino Jack' Abramoff Charged in AML Bitcoin Cryptocurrency Fraud Case, Could Return to Prison
Well-known lobbyist Jack Abramoff and Rowland Marcus Andrade have been charged with fraud in connection with AML bitcoin cryptocurrency, the U.S. DOJ has announced.

Andrade has been charged in the indictment with one count of wire fraud and one count of money laundering. If convicted, he “faces a maximum sentence of 20 years, and a fine of $250,000, plus restitution if appropriate, for violation of 18 U.S.C. § 1343, and a maximum sentence of 20 years and a fine of $500,000 for violation of 18 U.S.C. § 1956(a)(1),” the DOJ explained.

Abramoff has been charged with one count of conspiracy and one count of violating the provisions of the Lobbying Disclosure Act. In 2017, he was allegedly “retained by a client in the marijuana industry, and that the engagement in part involved efforts to advocate for changes in federal law and policy,” the DOJ added. However, “The information filed against Abramoff also alleges that he knowingly and corruptly failed to register as a lobbyist, as required by the Lobbying Disclosure Act.” The Justice Department continued:

This is the first ever known prosecution of a lobbyist for a criminal violation of the Lobbying Disclosure Act.

'Casino Jack' Abramoff Charged in AML Bitcoin Cryptocurrency Fraud Case, Could Return to Prison
Washington DC lobbyist could be heading back to jail after he has agreed to plead guilty to charges in two cases, one of which involves the AML bitcoin cryptocurrency scheme.

“Abramoff faces a maximum sentence of 5 years, and a fine of $250,000 for violation of 18 U.S.C. § 371, and a maximum sentence of 5 years and a fine of $250,000, for violation of 2 U.S.C. § 1606(b),” the DOJ wrote.

In addition to criminal charges, the U.S. Securities and Exchange Commission (SEC) has separately filed civil charges against both Abramoff and Andrade over the AML bitcoin cryptocurrency scheme for “alleging securities fraud and acting as unregistered brokers of securities, among other charges,” the Justice Department described.

Jack Abramoff has spent time in federal prison before. After a guilty plea in a lobbying scandal and his dealings with Suncruz Casinos in January 2006, he was sentenced to six years in federal prison for mail fraud, conspiracy to bribe public officials, and tax evasion. He served 43 months and was released on December 3, 2010. He then authored the autobiographical book called “Capitol Punishment: The Hard Truth About Washington Corruption From America’s Most Notorious Lobbyist.” Abramoff’s stories have been made into two films: the documentary “Casino Jack and the United States of Money” and the feature film “Casino Jack,” starring Kevin Spacey as Abramoff.

According to U.S. Attorney David Anderson, Abramoff has agreed to plead guilty to criminal conspiracy charges and a criminal violation of the Lobbying Disclosure Act in the AML bitcoin case and could face up to five years in prison.

Do you think Jack Abramoff should go to prison for his role in the AML bitcoin fraud case? Let us know in the comments section below.

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Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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TikTok Users Discover the Secret to Getting Rich: Dogecoin

The bro influencers of TikTok, released into the wild with sick iPhone hacks and dropshipping tips but a few years ago, have matured from pups to the Wolves of Social Media. Now they’re harnessing that power with a pump-and-dump scheme involving Dogecoin, the joke currency made of memes, and also Elon Musk’s favourite coin. The plan is kind of paying off: As of this morning, Dogecoin had risen 27.7% since 5 July.

The leader is jamezg97, who started posting about the bid on 28 June. The user’s most widely disseminated video has gotten nearly half a million views, which subsequently began the #DogecoinTiktokChallange. The mystery TikToker, whose bio reads “STONKS,” tells users:

Alright here’s a crazy thought. What if everyone watching this video bought some Dogecoin? Could they really stop us? Could they stop us all?

The splitscreen shows that you could increase $1,000 (£797) to $426,985 (£340,363) if you held it from a price of $.00234 (£0.0019) and tapped out at $1 (£0.80). A second video, posted five days ago, issues a bolder missive:

Let’s all get rich! Dogecoin is practically worthless. There are 800 million TikTok users. That’s just $25. Once it hits one dollar, you’ll have ten grand. Tell everyone you know.

It’s a call to the investors – dreamers – of the internet to believe in the stickiness of a viral video and the lifecycle of a hashtag and the mighty power of the TikTok army – unless, of course, someone bought a tonne of Dogecoin at the beginning of this and plans to dump everything before it reaches a very unlikely dollar, which sounds like illegal pumping and dumping. Why isn’t jamezg97 staring down charges from, say, the US Securities and Exchange Commission (SEC), or at least a TikTok ban?

“As I understand it, the SEC does not regulate the cryptocurrency markets, although this could change in the future, and likely will, as we see more scams like this,” Phillip Christenson, chartered financial analyst at Phillip James Financial, told Gizmodo. “It’s not hard to envision the SEC taking down a few of the more popular influencers perpetrating this type of scheme as a warning to others contemplating something similar.” But, he added, a mass takedown is “unlikely and very nearly impossible.” (In 2018, a paper published by the Social Science Research Network identified 3,421 pump schemes involving cryptocurrencies on Telegram and Discord alone.)

The video distinguishes itself from traditionally shady pump-and-dump schemes, though, in that we’re all supposedly in on the operation. “What we are experiencing with Dogecoin isn’t a ‘traditional’ pump and dump scheme,” Insider Monkey cofounder and editor Meena Krishnamsetty wrote to Gizmodo via email. “It is more like a stock manipulation scheme where the participants are mostly aware of the risks and willingly participate.”

Krishnamsetty pointed to recent suspected schemes by experienced traders, who may have been baiting inexperienced Robinhood buyers by inflating stock prices of doomed companies but could argue that they simply believed the stocks were undervalued.

All that to say: Those of us who wish with our money probably shouldn’t pin our dreams of riches on a #stonks guy who showed us some maths. “It’s a new version of an old scheme,” Braden Perry, regulatory and government investigations attorney with the US-based firm Kennyhertz Perry, LLC, told Gizmodo – like boiler room phone calls and direct mail campaigns and message boards for penny stocks, except on TikTok steroids. It’s also the same as Coinye (parodying Kanye West), whose creators sold off all their coins on the first day.

It’s also possible, though deeply disenchanting, that the value jump had nothing to do with TikTok in the first place.

“I don’t think it’s unusual at all,” Ethan Lou, author of the upcoming nonfiction book Once a Bitcoin Miner, told Gizmodo via email. For a cryptocurrency as volatile as Dogecoin, a 20% increase is “nothing.”

“It’s a lot for the S and P,” he wrote. “But in crypto, it’s just Tuesday.”

It also says little about how cryptocurrency works in general; if you’re comparing Bitcoin to a stock index, Lou said, Doge doesn’t reflect crypto at all – even the creators, who initially formed Dogecoin from a tweet joking about the absurdity of digital currency, abandoned it when they feared that people were taking Dogecoin too seriously and would lose their savings.

I know, in my heart, that there’s a teen holding the bag at the end of this. But you can get rich, maybe.

Featured image: Matt Cardy (Getty Images)

Will Johnny Depp Gain Revenge? Upright Professional Says It’s Winner-Secure-All

  • Johnny Depp and Amber Heard went aid to court docket right this moment.
  • This time, it’s on myth of Depp is suing the owner of The Sun over claims he abused Amber Heard — claims Heard allegedly fed the paper herself.
  • Can the actor take? Consultants are conflicted in regards to the final result – nonetheless no longer in regards to the stakes.

Johnny Depp is aid in court docket. This time, it’s for the reason that “Pirates of the Caribbean” actor goes thru off against the parent firm of British tabloid The Sun.

The case is already igniting fireworks– andconstructing fodder for the very tabloidhe’s suing.

Johnny Depp Gets His Day in Court

In conserving with Johnny Depp, the tabloid outlet falsely published tales that claimed he used to be a “wife-beater.”

The “scoops,” Depp says, stem from his now-ex-wife Amber Heard’s homely allegations. He claims the allegations brought about him undue exertion and torpedoed his occupation.

Johnny Depp can’t afford to lose this case. | Supply:Twitter

From his assertion:

Within the tapes of my conversations with Amber which absorb now been disclosed, it is obvious that Amber spoke to me as an aggressor, and no longer as she has described herself, somebody who feared for her life. I develop no longer teach that I truly absorb an overbearing, manipulative, or controlling personality… I truly teach that virtually the total descriptions that Amber affords are really reflections of her have behavior.

Is that this ample for Johnny Depp to soak up his pursuits?

In conserving with one lawyer, Heard used to be caught in a lie when she claimed Depp assaulted her aid in 2016 — nonetheless files showcase he used to be out of the nation.

It turns out, Amber Heard essentially used to be broken in June 2016, with finger-formed marks on her throat, bandaged arm, and a bruised left ogle. The one person we know didn’t develop it is Johnny Depp, who had been on tour and out of the nation for [two] weeks.

Pointless to claim,this particular “knowledgeable” is Depp’s felony expert, Andrew Waldman. Not precisely essentially the most just source.

Honest Consultants Aren’t as Sanguine About His Quest

Whereas Johnny Depp’s factual team sounds confident he can file this swimsuit in the “W” column, outside specialists aren’t as sanguine.

In conserving with barrister Emily Cox, who focuses on defamation situations adore Depp’s, the actor has an uphill battle before him.

Here’s a severe case for Depp as his entire occupation is in exertion, as properly as his interior most fame and standing among his adoring followers across the globe. The stakes for Depp are high: Hollywood has neglected and sanctioned some depraved behavior by celebrities prior to now, nonetheless a weird wind is blowing thru Tinseltown as properly as society as a entire. It is doubtless to be wanted for Depp that he clears his name.

In numerous phrases, Johnny Depp is in a “winner-preserve-all” device back. Cox says it generally is a battle that makes or breaks his occupation.

As crazy as it’s gotten prior to now for him– and itsounds adore his marriage to Amber Heard used to be insane– it’s high-stakes now. He can’t affordno longer to take.

Disclaimer: The opinions expressed listed right here develop no longer necessarily deem the views of CCN.com.

Closing modified: July 8, 2020 10: 00 AM UTC

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97 Million Inhabitants, 0 Deaths

  • UBS and Fitch Ratings see the economy of Vietnam as one amongst the most optimistic in Asia.
  • The efficient alter of the pandemic allowed the nation’s retail and manufacturing industries to impulsively obtain better.
  • Vietnam stays one amongst the few Asian countries to defeat the pandemic with less than 1,000 infections.

Strategists at UBS and Fitch Ratings imagine Vietnam at the moment has the most optimistic economy in Asia.

The unheard of outlook on the nation’s economy by high strategists primarily stemsfrom its going by of the pandemic.

Along with South Korea, Hong Kong, and Taiwan, Vietnam contained the pandemic somewhat neatly early on with strict security features.

Vietnam’s rapid recovery from the virus outbreak has enabled its manufacturing and retail industries to soar abet.

Vietnam controls pandemic with less than 400 conditions | Source:worldometers.info

Financial Resilience and Surroundings pleasant Facing of the Pandemic Set Vietnam’s Financial system Forward

On July 5, “Gargantuan Three” credit score company Fitch Ratings acknowledged itconsiders Vietnam as one amongst Asia’s frontier markets in 2020. 

The company praised Vietnam’s financial resilience, striking forward its outlook on the nation’s economy as “Proper.”

Fitch Ratings wrote in a file:

Vietnam is positioned to stand out amongst Asia’s frontier and rising markets this year by its financial resilience and success in bringing the coronavirus outbreak beneath alter.

Edward Teather, an economist at UBS Analysis, echoed a identical sentiment on July 7. He acknowledged theoutlook of Vietnam’s economy “is taking a peep one amongst the brightest in the predicament.”

Vietnam is outperforming foremost Asian heavyweights with its financial numbers in 2020.| Source: Shutterstock.com

Unlike many economies in Asia, Tether emphasized key metrics, equivalent to retail sales and industrial manufacturing, increased year-to-date.

He acknowledged:

Retail sales, imports (and) industrial manufacturing had been all in fact up on the year in the month of June.

A commerce contend with the European Union might well well further bolster Vietnam’s economy in the coming months.

Numerous most predominant factors, including the rebound of the local manufacturing commerce, suppose the nation in a solid situation for newfound growth. They attain as the nation bounces abet strongly from the pandemic with no virus-connected deaths since boring June.

Vietnam sees a right expand in international speak funding since 2012 | Source:Fitch Ratings

Strategists at Fitch Ratings attributed the success of the nation in curbing the virus outbreak to the authorities’s preliminary response.

Fitch Ratings stated:

Vietnam had no reported deaths from COVID-19 as of quit-June, in step with the World Successfully being Organisation. This can replicate a ramification of things, including the effectiveness of the legitimate neatly being protection response.

Thesure perception of Vietnam’s efficient alter of the pandemicmight well well additionally revenue the nation’s economy as flights start to reopen.

Nations tend to commence flight routes with countries that possess efficiently reached a height in new infections. In the case of Vietnam, it controlled the pandemic with 369 total conditions since the inception of the pandemic.

Vietnam’s Tourism Industry Will seemingly be Indubitably seemingly the most First to Rebound

Amongst the toughest-hit industries following the beginning of the pandemic is the tourism sector. An abrupt fall of vacationers has without prolong hit hotels, airlines, and trail companies.

Vietnam has the next probability of seeing a recovery in the tourism commerce going into boring 2020. It’s one amongst thefew international locations in Asia alongside Taiwanto defeat the pandemic with fewer than 1,000 conditions.

A confluence of rising manufacturing commerce, new commerce deals, and reopened economy lift expectations of an financial rally in Vietnam in 2021.

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Will the Royal Household With out a doubt ‘Snub’ Meghan Markle on Her Birthday?

  • Meghan Markle will grasp a shimmering time her birthday next week.
  • The tabloids grasp already begun asking if she’ll be “snubbed” by the royals on her sizable day.
  • Actually that Meghan isn’t entitled to any royal recognition.

I’m certain the Sussex Squad has long been breathlessly counting down the times, but the comfort of you who grasp a semblance of life also can merely no longer realize a gigantic date is looming. Meghan Markle is popping 39 next week.

That’s correct. It’s the Duchess of Subtle’sfinalbirthday sooner than the sizable 4-0 – and herfirstsinceshamelessly walking away from her royal responsibilities.

I will hear you asking: Why is a veteran royal’s birthday a gigantic deal?

It’s no longer, but you understand as smartly as I enact that things don’t work that arrangement in thewacky world of Meghan fandom.

Meghan Markle fans will be readying for an yarn royal snub! | Offer:Twitter

The ‘sizable’ quiz: Will there be a royal response?

Meghan Markle fans are already sharpening their digital knives for the sizable day, waiting to pounce any perceived lack of admire for his or her idol.

It’s a tiny bit ironic. The Sussex Squad has spent the greater segment of 2020 telling us how mighty Meghan and Prince Harrydon’tneed the royal household.

And yet it’s most likely you’ll maybe presumably bet your final buck that if these Westminster Abbey bells aren’t ringing strategy August 4, there’ll be mighty gnashing of enamel and “triggered” other folkscrying about racism.

Meghan’s supporters in general don’t realize the intricacies of the royal household. | Offer:Twitter

If it’s lawful ample for Prince Andrew, why no longer Meghan Markle?

That the bells of Westminster Abbey rang for Prince Andrewno matter his most modern controversieshasn’t escaped the Meghan Markle zealots.

Let’s be exact here: There’s restful a tiny bit of a distinction.

When we’re instructed Prince Andrew “stepped encourage” from his royal responsibilities, what’s the truth is being said is that his affiliation with Jeffrey Epsteinmade it untenable for him to dwell in the public sight.

It’s no longer as even though hevoluntarily ditched the royals like a dreadful behavior,which is precisely what Meghan Markle and Prince Harry did.

Don’t disregard – and I’m certain many Meghan followers won’t like this – Prince Andrew is accurate blood royalty. He’s the Queen’s son.

Meghan?She married into the household, but she made it certain she’s an outsider. She’s no more royal than Edoardo Mapelli Mozzi,who impartial as we bid married Princess Beatrice.

Some of us realize the arrangement it the truth is works. | Offer:Twitter

Sure, the bells and unswerving royal recognition will be given to Princess Anne later in August. And why no longer?She is the Queen’s fully daughter,despite the entire lot!

As a spokesman for Westminster Abbeyinstructed the On a regular foundation Mail:

The bells are in general rung to label the birthdays of senior contributors of the Royal Household, and by the toll road of succession to the Duke and Duchess of Cambridge and their kids.

You could maybe presumably think the above assertion clarifies the topic, wouldn’t you? It sounds as if no longer.

Nothing will fulfill the Sussex Squad

A smartly-known Australian data outlet adopted the Westminster Abbey assertionwith some telling commentary:

Nevertheless, Harry is sixth in line to the throne, two locations sooner than Andrew.

Sure, he is, but we’re no longer discussing Prince Harry’s birthday, are we? The bells will ring loud and proud on September 15.

We’re talking about Meghan Markle. She matches no longer one of many “unswerving” criteria, as laid out by the Abbey spokesperson.

It’s a moot level anyway.

I harbor zero doubt Meghan’s fanbase will lose its collective thoughts no matter what recognition the royal household presents her on her birthday.

After all, in the in the interim is all about Meghan, and more importantly, the likelihood to be offended on her behalf.

Disclaimer: The opinions expressed listed here enact no longer necessarily think the views of CCN.com.

Closing modified: July 29, 2020 2: 00 PM UTC

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