Billionaire Demands Facebook Reveal Who Placed Scam Bitcoin Ads About Him

Janet Jackson’s billionaire ex husband, Wissam Al Mana, has demanded that Facebook reveal who was behind ads on the platform that used his image to promote a crypto scam.  The case stems from late February when Al Mana filed a lawsuit against the social media giant about a cryptocurrency scam using his name to promote itself in the Middle East. Al Mana claimed defamation, malicious falsehood and false advertising from the purported cryptocurrency firm ‘Bitcoin Trader’. One man to sue them all Facebook has since deleted the offending ads, but…

Mt. Gox Trustee Reveals Draft Rehabilitation Plan

The trustee for the defunct Mt. Gox cryptocurrency exchange has drafted a rehabilitation plan for creditors. The plan will see claims for fiat currencies, Bitcoin (BTC), and Bitcoin Cash (BCH) honored in their requested form, while all other crypto assets “will be liquidated into cash to the extent possible.” Mt. Gox trustee to liquidate all crypto excluding BTC and BCH Funds will be allocated toward the rehabilitation proceedings first, with creditors receiving funds thereafter. Priority payments will be made to secure the interests of fiat currency claims, followed by small…

Globalism Has Failed, Long Live Crypto

A global pandemic has changed the world. I write this on lockdown, unable to leave my home. A global pandemic has stripped the entire state of California and over 1.5 billion people globally from our rights and freedoms in an attempt to save lives. Businesses are being shut down, people are being laid off. Even I had to step down from my position of vice president at a cloud computing startup because of the pandemic, and now I find myself unemployed. The future is uncertain. The CEOs of the world…

Olympic Committee Has No Right to Blame Africa For Its Postponement Decision

IOC president Thomas Bach is blaming Africa for his decision to postpone the Olympic games amid the coronavirus pandemic. Africa is by far the least affected continent on earth, outside of Antarctica. It’s time to stop freaking out about Africa and give its nations props for handling the crisis so far. Historically known for famine, poverty, and infectious disease, Africa has a bad reputation. And IOC President Thomas Bach dealt the continent another blow by blaming it for his decision to postpone the 2020 Olympics. Bach’s remarks are bizarre. The…

Bill Cosby Schemes to Use Coronavirus as a Get Out of Jail Free Card

Disgraced actor Bill Cosby is serving time in a Pennsylvania prison after being convicted of sexual assault in 2018. Cosby’s lawyers are gearing up to argue his release amid the coronavirus pandemic. The star is one of many hoping to get out early because of Covid-19. As if things weren’t already going to hell in a handbasket, Bill Cosby’s lawyers have started exploiting coronavirus to lobby for his release. At one time, Bill was a Hollywood icon, but things came crumbling down when his true identity became clear. Cosby was…

Just Like Bitcoin Before It, Cardano Is Banned From Wikipedia

On March 24, Cardano (ADA) founder, Charles Hoskinson, streamed a YouTube video titled “On Wikipedia,” in which he berated Wikipedia for applying arbitrary commercial censorship against Cardano. Wikipedia’s censorship of Bitcoin may have led to Satoshi’s disappearance Censorship of cryptocurrency projects is as old as the industry itself. Back in 2010, even Satoshi Nakamoto was frustrated with Wikipedia’s editors for removing Bitcoin’s wiki entry several times.  After PayPal severed ties with WikiLeaks, one of Bitcoin’s supporters suggested that becoming the site’s new source of donations would generate enough publicity to…

Bitcoin, Gold Gain as Fed Prints “Infinite Amount of Cash”

Market turmoil has investors rushing to safe havens. While gold stole the spotlight with a sharp rebound, Bitcoin’s correlation to the precious metal is making the case that it’s the next up-and-coming hedge asset. Investors Rush to Safety The ongoing global pandemic has wreaked havoc on the financial markets, including the cryptocurrency industry. To protect their capital from adverse market conditions, a significant number of investors appear to be flying to cash and other safe assets. For example, data from Coin Metrics reveals that stablecoins transfer value is on the…

Square Lowers Its Q1 Estimates by $800M Despite Bitcoin Success

Square’s Bitcoin (BTC) revenue continues to grow, even as the popular payments app lowers its first-quarter revenue estimates by $800 million due to the coronavirus crisis. According to a company announcement on March 24, COVID-19 was not a factor in the company’s growth until around 10 days ago: “While the beginning of March was relatively in line with the company’s expectations, over the trailing ten-day period Seller GPV [gross processing volume] has declined by approximately 25% year over year, with greater declines in recent days.” This resulted in Square revising…

Zayn Malik Quit One Direction 5 Years Ago and Saved Music Forever

Five years ago, Zayn Malik quit One Direction. Thanks to his heroic decision, the world was saved from years of terrible music. He broke the boy band cycle that has plagued the world for decades, and we should celebrate him. Zayn Malik is back in the headlines today as the world celebrates the day he quit One Direction. Five years ago today, Malik left the boy band to live the life of a normal 22-year-old young man, and we are forever indebted to him. This guy gets it. | Source:…

Bitcoin Price Facing New ‘Death Cross’ Suggests No $10K BTC Before May

Bitcoin (BTC) is trading at $6,670 representing a 1% gain in the last 24 hours but a gain of 14.66% off the weekly open at $5,815. Looking at performance relative to its peers, Ether (ETH) and XRP both underperformed versus Bitcoin last week against the U.S. dollar and have continued to do so.  As a result, Bitcoin dominance is up 1.5% and pushing to reclaim 68% as there has been a general flight to safety in Bitcoin, although dominance is still down some 4% for the highs of the year…