Reported by Rachel Shin Bitcoin is an ineffective cult that not even “bad guys” want to join anymore, said the author of The Black Swan, a bestselling book on the extreme impact of outlier events. Cryptocurrency falls short on its claim to streamline payments, and doesn’t even facilitate illegal transactions well, Nassim Taleb told Bloomberg on Thursday. “It’s not […]

Reported by Emily Flitter and Matthew Goldstein Binance, the giant cryptocurrency exchange accused of mishandling customer funds, used two American banks to move billions of dollars around the world, the Securities and Exchange Commission said on Wednesday, detailing how huge sums of cash flowed in and out of the accounts sometimes within a span of […]

Reported by Rohan Goswami James Ellingson allegedly dealt cocaine, LSD, ecstasy and marijuana on Ross Ulbricht’s Silk Road marketplace, and accepted more than $500,000 worth of bitcoin from Ulbricht to carry out a series of murders which he might not have completed, Manhattan federal prosecutors said Thursday. Ellingson, who allegedly used the alter egos “redandwhite,” “MarijuanaIsMyMuse” and […]

Reported by Tony “The Bull” Detractors in the past claimed the company is being led by a “walking time bomb” and now, a top former SEC official is warning customers to “get out” of the exchange “now.” Binance’s global business practices have come under scrutiny in recent months, as have several other top crypto firms, […]