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News & Articles By Ramon Tomey
11/30/2022
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By Ramon Tomey
11 Countries have already adopted central bank digital currencies and 105 others are considering it
Central bank digital currencies (CBDCs) are already in use in 11 countries, and 105 other nations are considering adopting the technology. Washington, D.C.-based think tank The Atlantic Council (TAC) defined a CBDC as “virtual money backed and issued by a central bank.” It named 10 countries in the Caribbean, alongside the West African country of Nigeria, as early adopters of […]
11/17/2022
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By Ramon Tomey
Bitcoin’s drop in value triggered by FTX fiasco a “deadly blow” to El Salvador’s financial solvency
Bitcoin’s sudden drop in value, triggered by the collapse of cryptocurrency exchange company FTX, dealt a “deadly blow” to the Central American nation of El Salvador. The most popular crypto token saw a 21 percent drop in its value, with its price hitting the lowest in two years. While the ongoing global economic recession seriously […]
06/15/2022
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By Ramon Tomey
Bitcoin price crash also triggering downturn of crypto billionaires’ net worth
A plunge in Bitcoin prices negatively impacted the fortunes of several cryptocurrency billionaires. These bigwigs made millions in the crypto market, until downturns in token prices caused their earnings to disappear. Several billionaires in the crypto sector saw their earnings evaporate eight months after the crypto euphoria they capitalized on. Prior to the losses, they […]
06/06/2022
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By Ramon Tomey
Energy-intensive bitcoin mining raises environmental concerns
Concerns regarding the environmental impact of bitcoin have surfaced despite its rising prominence. Many have criticized the cryptocurrency’s mining process for using up huge amounts of energy. Because of this, the U.S. treasury secretary warned of bitcoin’s “staggering” energy demand and slammed it as “extremely inefficient.” CNBC reported Feb. 22 that U.S. Secretary of the […]
03/04/2022
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By Ramon Tomey
Off the radar: Indicted BitConnect founder Satish Kumbhani disappears
The founder of a cryptocurrency company linked to a billion-dollar Ponzi scheme is nowhere to be found. Satish Kumbhani reportedly disappeared following his indictment over an alleged $2.4 billion Ponzi scheme. The Securities and Exchange Commission (SEC) acknowledged the BitConnect founder’s disappearance in a Feb. 28 filing. Senior trial counsel Richard G. Primoff wrote in the filing […]
01/24/2022
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By Ramon Tomey
Russia plans to ban crypto mining and trading – regulator report
Russia’s financial regulator has proposed a ban on cryptocurrency-related activities such as trading and mining in the country. To back this proposal, it released a report outlining crypto’s potential use for criminal activity and the high energy requirement of crypto mining. The Central Bank of Russia (CBR) publicized its crypto report on Jan. 20, via […]
01/07/2022
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By Ramon Tomey
Kosovo BANS crypto mining in order to save energy during power shortage
The southeastern European nation of Kosovo imposed a ban on cryptocurrency mining to reduce its energy consumption. The ban enacted Jan. 4 came amid the former Yugoslavian territory facing its worst power shortage in decades. In a statement, Kosovar Economy and Energy Minister Artane Rizvanolli said: “All law enforcement agencies will stop the production of […]
12/10/2021
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By Ramon Tomey
John Perez discusses the “crypto conspiracy” with Mike Adams – Brighteon.TV
Cryptocurrency sleuth John Perez talked about the recent issues in the crypto realm during the Dec. 6 episode of the “Health Ranger Report” with Mike Adams on Brighteon.TV. Perez touched on crypto’s links to globalists and the issues surrounding stablecoin Tether. Adams took the opportunity to clarify his stance toward Bitcoin. “Some people have misinterpreted my previous coverage of […]
11/11/2021
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By Ramon Tomey
New IRS reporting rules send chills throughout crypto world
New tax reporting rules included in President Joe Biden’s $1.2 trillion infrastructure bill became a cause for alarm in the cryptocurrency and non-fungible token (NFT) sectors. Individuals and groups in those sectors think the new provisions could impact transactions. The amendment to section 6050I of the Internal Revenue Code of 1986 was quietly inserted in the infrastructure […]
09/24/2021
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By Ramon Tomey
Bitcoin price drops following China’s Evergrande fiasco
The price of bitcoin has fallen following the fiasco involving property developer Evergrande Group. According to CoinDesk, bitcoin’s price has fallen to $43,489 as of Sept. 20. The drop reflects an 8.6 percent fall from its Sept. 17 price. Other digital currencies have also seen price drops – with Ether experiencing a 10 percent fall and […]
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