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Have you ever noticed the contempt politicians and bankers seem to have for Bitcoin? A recent scandal at the Federal Reserve gives us a great clue as to why. Commonplace Corruption On Capitol Hill Political corruption is no mystery to the public. Anyone can name a crooked politician that’s abused their privileged position for personal and financial gain. Take Nancy Pelosi– the Democratic Speaker of the House who bought call options of Tesla stocks last December. She purchased them ahead…

The Cardano (ADA) blockchain has been in the minds of many crypto investors recently. This is thanks to the successful launch of its Alonzo blockchain. Now that Alonzo is live and ready to roll, Cardano's developers - Input Output Hong Kong (IOHK) and the Cardano Foundation have been making significant moves to boost its profile. These efforts are starting to yield fruit, much to the benefit of ADA investors. A Background to the Alonzo Upgrade Alonzo is central to Cardano's…

Blake Masters, an American venture capitalist, and CEO at Thiel Capital, called upon the U.S. government to purchase Bitcoin. He noted they do so as a reverse strategic asset after China moved to ban it once more. Thirty-five years old Blake, who is also an author, is currently running for a U.S. Senate seat. He wants to represent the state of Arizona. Blake informed the public that his campaign now accepts donations in the most prominent cryptocurrency. He asked the community to D.M. him…

Binance.com is working on cutting off some crypto-related services for Singapore citizens. It comes after the Singapore government put the exchange on an investor's alert list. In addition, the Monetary Authority of Singapore reported that Binance had breached local regulations. To that end, on Thursday, Singapore put the Binance global website on an alert list. The intent was to warn Singapore consumers that the exchange was not regulated or licensed to provide financial services. Binance Restrictions To adhere to the prescribed rules…

Bloomberg said Bitfinex paid $23.7 million in gas fees to deposit $100,000 on the Tether blockchain. Reports also revealed that the exchange was moving millions from the network to a decentralized exchange DeversiFi, and accidentally suffered an inflated gas fee. However, recent reports from DeversiFi show the platform is ready to make the refund. Bitfinex Makes a Quest-Riddled Crypto Trade Bitfinex, one of the world's most controversial crypto exchange platforms, made an eyebrow-raising trade on Monday that involved unrealistic gas fees. Recent reports suggest the exchange was moving…

Crypto users in mainland China may not have access to the two most popular crypto market data sites. According to recent reports, China's internet firewall has blocked CoinMarketCap and CoinGecko. This indicated that China's Great Firewall blocked these two sites at 100% as of press time. Users of the two sites started to notice signs of blockage early morning (China time) on Tuesday. It is not clear when these sites became inaccessible. TM Lee, the co-founder of CoinGecko, told The…

Bitcoin has been the premier cryptocurrency of the last decade. Nonetheless, cryptos have been gaining popularity, with their adoption achieving good traction along the way. However, it is vital to keep this technology up-to-date, and the answer lies in ecosystem upgrades. Similar to the ETH 2.0 upgrade, BTC is also receiving its first update in four years. The Taproot upgrade may be the key to transcending the Bitcoin blockchain into the smart contract era. Read on to learn more about the Taproot upgrade…

According to a panel hosted by Morningstar, Executives said direct exposure to crypto might outdo exchange-traded funds (ETFs). An ETF could provide more security to investors. However, the executives said that it would not help them with immediate financial needs. Executives alleged that financial advisers better exchange-traded funds in the industry. Last week, they said at a panel that Bitcoin ETFs might be more valuable to only financial advisers and their clients. Cryptocurrencies Compared to ETFs Tyrone Ross, chief executive of Onramp…

The Securities and Exchange Commission has filed a complaint against two Robinhood users. The complaint alleges using a wash-trading-based arbitrage scheme that utilized meme stocks, amounting to more than $700,000. Wash trading is when a trader buys and sells the security to provide misleading information to the market. It is illegal under U.S. law and is liable to a lawsuit against those involved. Wash Trading Accusations SEC accused the defendants, Suyun Gu and Yong Lee,  on September 27. The two…