Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme

The Criminal Investigation Department (CID) of India has arrested Vijay Prajapati, Dhiraj Patel, Kamruddin Syed, and Ashiq Shaikh, the alleged creators of the cryptocurrency KBC Coin, according to a report by The Times of India on July 4. As per the report, the CID argues that KBC is a Ponzi Scheme.  KBC reportedly launched 6 months ago, and its price has not moved since. KBC coins were reportedly issued at 10 paisas apiece, with the promise that they would skyrocket in value to 10 rupees in a short time ⁠—…

Pompliano Apparently Holds 50% of His Wealth in Bitcoin, Explains Why

American investor and co-founder of Morgan Creek Digital Assets Anthony “Pomp” Pompliano explained his investing strategy and skepticism towards fiat currency in an interview with Cointelegraph on July 5. When asked whether he thought that putting 50% of his wealth into the leading digital currency bitcoin (BTC) was a risky move, Pompliano said that risk is relative for every individual; however, he has a clear profile that he wants to undertake. Pompliano continued: “I would make the argument that having 100% exposure to fiat currencies is a really bad idea.…

Top Crypto Markets Report Losses, Bitcoin Hovers Around $11,000

Friday, July 5 — the top-20 digital currencies by market capitalization are trading in the red zone, with only Chainlink (LINK) seeing daily gains, according to data from Coin360. Market visualization courtesy of Coin360 Bitcoin (BTC) has been trading in a narrow corridor from $11,701 to $10,751 as its highest point during the day. The leading crypto has lost 6.25% over the past 24 hours, and is currently trading at $10,969. In terms of its weekly performance, bitcoin has seen a price drop by 2.73%. Bitcoin has become less correlated…

BlockStream’s Green Wallet Announced Support for its LiquidNetword

Blockchain software development BlockStream announced that its mobile wallet, Green Wallet, now supports the firm’s Liquid Network sidechain in a blog post published on July 5. Per the announcement, users of the wallet can now store, send and receive Liquid Bitcoin (L-BTC) and Issued Assets on the Liquid sidechain. The Liquid Network project, first discussed in 2015 and launched in October 2018, aims to allow for faster transactions with Bitcoin (BTC) between businesses and individuals with the use of its features. Bitcoin transactions on to the sidechain, where it moves…

How Blockchain Could Change the Real Estate Investment Landscape

David Hodge is the director of European operations for AEI Consultants, an employee-owned international consulting firm that provides comprehensive services to commercial lenders, property owners, managers, tenants, and developers, industries, institutions, government agencies and insurers, including many Fortune 500 companies. Founded in 1992, AEI is based in the San Francisco Bay area, with offices across the United States and Europe.  The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. An increasing number of countries have begun the process…

Why Traders Believe Altcoins Are Overpriced

The cryptocurrency community is no stranger to accusations of crypto being a bubble. As far back as 2014, media pundits were referring to the bursting of the Bitcoin (BTC) bubble, with a Financial Times article from September of that year even containing the ill-fated prediction, “We’re going to stick our neck out at this stage and call this the end of Bitcoin.” Well, Bitcoin certainly didn’t end in 2014, but this hasn’t stopped other experts and commentators from throwing the word “bubble” around with gleeful abandon in the half-decade since…

Bitcoin Approaches $11,500 as Top Cryptos See Gains

Saturday, July 6 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers just under the $11,500 mark. Market visualization courtesy of Coin360 Bitcoin is currently up by about three percent on the day, trading around $11,486 at press time, according to Coin360. Looking at its weekly chart, the coin is down by over 7.68%. Bitcoin 7-day price chart. Source: Coin360 According to a recent report released by major cryptocurrency exchange Binance, bitcoin has become less correlated with other cryptos…

Iranian Official Says US Congress is Working to Block Iran’s Crypto Mining

Saeed Zarandi, Iranian Assistant Minister of Industry, Trade, and Supply, said that US Congress is working to stop Iran’s access to cryptocurrencies and Bitcoin (BTC) mining, as reported by local news service Al-Fars on July 6. According to Zarandi, Congress considers cryptocurrency a tool for evading sanctions and money laundering, and is therefore trying to legislate against Iran’s access to it, complicating Iran’s legislation.  Commenting that the issue of cryptocurrencies remained unsettled in Iran, Zarandi reportedly said that Iranian ministries are working with the Central Bank of Iran to settle…

BNB is Fragile Despite Binance Listing Dogecoin and USDT Address Shift

Binance Coin (BNB) down 4.5 percent Dogecoin listed at Binance, shift USDT addresses compliant with ERC-20 standards Drawing attention, Binance listing of DOGE is bullish. The altcoin has the support of John McAfee as well as Elon Musk. For Binance clients, USDT addresses are now ERC-20 compliant following the shift on July 4. Meanwhile, BNB prices are flat above $30. Binance Coin Price Analysis Fundamentals The crypto ecosystem is evolving, and so are crucial appendages that make cryptocurrency a thriving industry. Top of the list is Binance. Irrefutably the world’s…