Third Crypto Co-Founder Behind $25 Million ICO Scam to Plead Guilty

Sohrab Sharma, one of the co-founders of cryptocurrency firm Centra Tech facing charges related to a $25 million initial coin offering scam, is reportedly planning to plead guilty.  According to a July 13 report from Bloomberg, Sharma may avoid a November trial date as his lawyers told a federal judge he would be interested in changing his plea.  The announcement comes after Sharma’s associate Robert Farkas was convicted of conspiring to commit securities and wire fraud on June 16. Farkas faces up to 87 months in prison and a $250,000…

Crypto Exchange Coincheck Supports Trading for BAT Tokens

Japan-based cryptocurrency exchange Coincheck will soon offer support for BAT token holders. According to a July 13 announcement from the Monex Group — the owner of Coincheck since its acquisition in 2018 — the virtual currency exchange will make Brave’s Basic Attention Token (BAT) available for trading starting on July 21.  BAT will be the 13th token investors can buy, sell, or trade on the platform following the introduction of Qtum (QTUM) in March.  Brave rewards system BAT is a native token of the privacy-based browser Brave, whose number of…

Last Time This Volatility Gauge Was This Low, Bitcoin Dove 50% in 2 Weeks

It may seem like a cliche at this point but Bitcoin’s volatility levels are extremely low. This is a byproduct of BTC’s price action over the past few weeks, which has been deemed “boring” by most traders. With volatility continuing to decline, though, analysts are coming to the conclusion that a large move is imminent. Nothing shows this as well as the Bollinger Bands, a textbook technical indicator that shows important price levels and the volatility of a market. Related Reading: BTC Just Confirmed a Signal That Preceded Historical 5,000%…

Chainlink to Aim for $10 in Q3 as Fundamental Strength Mounts

Chainlink has seen a monster-sized rally throughout the past couple of years, with its gains being unparalleled by virtually all other major altcoins. This momentum reached a boiling point last night when the crypto surged to highs of nearly $8.50 before hitting some resistance that slowed its ascent and catalyzed a slight selloff. It is important to note that the cryptocurrency’s uptrend is being driven by fundamental strength, and on-chain data suggests that it could mark a long-lasting trend. The balance of LINK on exchanges has been on the decline…

Tezos (XTZ) is About to See “Liftoff” if It’s Able to Hold One Crucial Level

Tezos is beginning to show some immense signs of strength. This comes shortly after Chainlink – another extremely bullish token – incurred parabolic momentum that allowed it to set fresh all-time highs. Some analysts are now pointing to striking parallels between the two cryptocurrency’s price action, as XTZ is currently caught within a similar technical formation to the one LINK formed just before its explosive surge. If this pattern plays out Tezos’ ongoing upswing could mark the start of a much larger movement. One trader is specifically pointing towards its…

Police Thwart Dark Web Criminals Who Planned to Firebomb a Nebraskan Pharmacy

A dark web drug lord and a Nebraskan pharmacist pled guilty to federal charges on July 13 after both were accused of conspiring to bomb a competing business. According to the indictment by the U.S. Department of Justice, 32-year-old William Burgamy from Maryland was the alleged owner of an illegal pharmaceutical site called NeverPressedRX. The site sold oxycodone and a number of other drugs. His supplier, Hyrum Wilson, is the owner of a store called Hyrum’s Family Value Pharmacy. The two were found to have conspired to firebomb a competing…

Data Shows the ‘Cheaper Altcoins Make Higher Returns’ Myth Is Flawed

For many investors crypto trading remains a rags-to-riches affair where inexperienced investors hope to strike it rich by buying the cheapest priced altcoins like many novice traders did in 2017. Currently, the majority of traders do not expect Bitcoin (BTC) to pump 50% or more in a single week as $18,400 seems rather infeasible. On the other hand, many of these same investors are willing to put their hard-earned funds behind a lower cap, cheaper altcoins with the hopes that buying cheaper cryptocurrencies will lead to a higher return. A…

South Korea Could Issue a Crypto Capital Gains Tax as High as 20%

South Korean private sector members recently discussed a crypto-related taxation bill meant to establish capital gains tax for cryptocurrencies. During these discussions on July 13, members indicated crypto gains taxes could rise as high as 20%. Cryptocurrencies could be considered as “goods” Proposed amendments to existing laws also plan to classify cryptocurrencies as “goods,” rather than currencies.  Lawmakers have established that virtual assets can be considered as electronic certificates of economic value that can be traded electronically. However, when the transactions are for sales purposes, it could be viewed as…

It’s Now Or Never For XRP As Technical Indicators Highlight Pivotal Moment

XRP, the fourth-ranked cryptocurrency in the space, has been among the industry’s worst performers. Yet investors in the asset still hold out hope for a repeat of the massive pumps Ripple is known for. Key indicators reveal that the asset has reached a pivotal moment where a decision must be made. It’s now or never for XRP, but how will the altcoin respond? Is Ripple Finally Ready For Redemption? Few cryptocurrencies are as polarizing as XRP. Crypto investors either love the asset, or love to hate it. It’s the butt…

Crypto Scams Reach New Heights in 2020 With $24M Stolen So Far

Blockchain tracking and analytics platform, Whale Alert, revealed that over the past four years, scammers have stolen over $38 million worth of Bitcoin (BTC). New heights could be reached at the end of 2020 Whale Alert’s study, which relies on data from the crypto scam tracking site, Scam Alert, suggests that the popularity of dozens of different types of scams have been on the rise. Some of these include giveaways, sextortion, fake exchanges, fake ICO’s, Bitcoin recovery, video scams, fake tumblers, and malware. In 2017, scammers stole roughly $5M in…