T-Room

The Best in Alternative News

U.S. Dollar Faces the Threat of Being Displaced by China’s Digital Currency…

at

From a dictation of a blanket ban on all crypto activities and digital currencies as tools for retail payments, including access to international exchange platforms in 2018, to recent declaration of the People’s Bank of China (PBOC) to launch a central bank-backed digital currency (CBDC) by November 11, 2019, China has come a long way. […]

Venezuela Has Bitcoin Stash and Doesn’t Know What to Do With It…

at

Venezuela’s central bank is running internal tests to determine whether it can hold cryptocurrencies in its coffers, according to four people with direct knowledge of the matter. The efforts come at the behest of state-run Petroleos de Venezuela SA, which is seeking to send Bitcoin and Ethereum to the central bank and have the monetary […]

U.S. Files Lawsuit Against Bitcoin Exchange That Helped Launder Ransomware Profits…

at

The US Department of Justice has filed a civil lawsuit seeking to recover more than $100 million from a notorious cryptocurrency exchange that has helped cyber-criminals launder stolen funds, such as those obtained from ransomware payments, dark web drug marketplaces, and funds from hacked cryptocurrency exchanges. In a lawsuit filed on Friday, July 26, the […]

U.S. Has ‘very serious concerns’ that Facebook’s Cryptocurrency Libra Could Be Misused by Terrorists…

at

Treasury Secretary Steven Mnuchin has concerns about Facebook’s proposed cryptocurrency and its potential illicit use. In a press conference Monday, Mnuchin said Facebook’s planned digital currency “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” “Cryptocurrencies such as bitcoin have been exploited to support billions of dollars […]

Economist Nouriel Roubini Compares Crypto Coin Market to “Cocaine’s Drug Pushers”…

at

While the Securities and Exchange Commission and Congress finesse a delicate dance around the potential criminality of Bitcoin trading and other cryptocurrencies, NYU Professor and economist Nouriel Roubini has launched a savage attack on the “currencies,” calling them “a joke,” a “scam,” a “sh*tcoin,” and no better than “cocaine drug pushers.” Not to put too […]

How to Explain Bitcoin to Your Friends and Family…

at

EVERY new technological development throughout mankind’s recorded history has been met initially with derision, protest, incarceration, torture, death, and sometimes war. From the Catholic Church’s restraint of Galileo, who insisted that Copernicus was correct in his assertion that the sun was the center of the solar system, rather than the Earth as center, as was […]

Cryptos Are Surging: Bitcoin, Ethereum Hit One-Month Highs as Institutions Dip Toes…

at

Cryptocurrencies are surging while the US equity markets take the day off. Ethereum is up over 18% from Friday’s ‘close’ and the rest of the crypto space is a sea of green. While no immediate catalyst (headline or technical level) is clear, increasing chatter over institutional investors dipping their toes in the space have prompted […]

The Economics of Cryptocurrency Pump and Dump Schemes…

at

The surge of interest in cryptocurrencies has been accompanied by a proliferation of fraud, largely in the form of pump and dump schemes. This column provides the first measure of the scope of such schemes across cryptocurrencies. The results suggest that the phenomenon is widespread and often quite profitable, and highlight the need for concerted […]

FBI Probing Theft of 18,000 Documents Linked to Sept 11 Attacks…

at

The FBI is investigating the theft of 18,000 documents related to the September 11 attacks on the World Trade Center by a hacking collective known as The Dark Overlord, according to FT, citing two people familiar with the matter. “Posting under the name “The Dark Overlord”, the hacker or hackers claimed on New Year’s Eve that […]

Any publication posted at The T-Room and/or opinions expressed therein do not necessarily reflect the views of The T-Room. Such publications and all information within the publications (e.g. titles, dates, statistics, conclusions, sources, opinions, etc) are solely the responsibility of the author of the article, not The T-Room.