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The attorney joins Ben Schiller to consider the continuing fallout from the WallStreetBets controversy.

A reading of Ben Hunt’s latest essay for Epsilon Theory.

The scheme allegedly included offering bitcoin at “half market price.”

Is Bitcoin digital gold? In this episode of ‘On Purpose, With Tyrone Ross,’ we dig into bitcoin narratives as financial advisors see them and explore the concept of bitcoin as a store of value.

The U.S. Consumer Financial Protection Bureau (CFPB) is looking into unauthorized fund transfers on social payments platform Venmo, according to documents filed with the Securities and Exchange Commission (SEC). The CFPB issued a documents request to Venmo’s parent company PayPal on Jan. 21.

PayPal disclosed the request in its most recent 10-K filing with the SEC. The CFPB is asking for documents related to Venmo’s “unauthorized funds transfers and collections processes, and related matters.” PayPal is cooperating with the requests for documents and written answers, according to the 10-K. 

The news of the CFPB’s Venmo-targeted request comes just two days after PayPal said on its Q4 earnings call that it would be adding support for cryptocurrencies to Venmo “in the coming months.” PayPal also said that it intends to devote a new business unit to cryptocurrency.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

German police have seized 1,700 bitcoin (currently worth about $68 million) from a hacker, but they cannot access the cryptocurrency because the fraudster won’t share the “password” (presumably the associated private keys).

“We asked him but he didn’t say,” prosecutor Sebastian Murer told Reuters on Friday. “Perhaps he doesn’t know.”

The man was sentenced to jail for more than two years. He was arrested for hacking other people’s computers and using them to mine bitcoin.

While the authorities can’t access the bitcoin, they have ensured the fraudster cannot access it either, according to the report, although it is not clear how the police have ensured so.

Last month, German-born programmer Stefan Thomas, living in the U.S., made headlines for not remembering the password to unlock his 7,002 bitcoin (currently worth about $281 million).

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The fund noted that it would not expose more than 15% of its $2.25 billion in assets to bitcoin.

BTC is back within striking distance of its all-time high set early last month.

Wyoming’s Cynthia Lummis – the first U.S. senator to publicly hold bitcoin – has been appointed to the key financial regulatory committee.

Blockchain doesn’t need ARPANET-type government support. But co-ordination and collective action are vital to avoid duplication of effort.