Michael Lavere

News Reporter

Mike is a financial and cryptocurrency journalist for CryptoGlobe covering the industry since 2017. Mike is an alumnus of the University of North Carolina Chapel Hill.

Articles by Author

Russia Proposes Jail Time for Undeclared Crypto Wallets

Russia’s Finance Ministry is drafting a new bill that would impose fines and up to three years in prison for crypto-asset investors who fail to properly disclose their holdings.

Social Capital CEO Chamath Palihapitiya Calls Bitcoin His Best Investment Bet

Billionaire venture capitalist Chamath Palihapitiya called bitcoin his best “bet” after investing in the crypto-asset in 2012.

Crypto Bull Lark Davis Points to New Trend for DeFi Market

Popular crypto influencer Lark Davis calls non-fungible tokens (NFTs) the next big thing for the DeFi industry, noting their application beyond digital art and gaming.

Leading Crypto Payments Platform Wirex Announces Launch of $1.2 Million Crowdfunding

Leading crypto and fintech payments platform Wirex has announced a £1 million crowdfunding round that will be open to customers and fans of the service.

Bitcoin Bull Anthony Pompliano Bets on Blockchain as the Future for Digital Art

Anthony “Pomp” Pompliano is betting on blockchain being the future for the digital art industry, announcing an investment into the Winkelvoss-backed Nifty Gateway.

Majority of Yield Farmers Don’t Understand Smart Contracts or Risks: Report

A survey conducted by CoinGecko found the majority of yield farmers had no understanding of smart contracts or the risks involved in DeFi protocols, despite reaping enormous profits.

Multinational Energy Company Equinor Entering Partnership to Mine Bitcoin

Multinational energy company Equinor intends to use byproduct flaring from oil extraction to generate electricity for bitcoin mining.

TRON Apologizes for Erroneous Tweet Claiming Userbase Exceeds 10 Billion

The TRON Foundation has issued an apology for an erroneous tweet published over the weekend claiming the platform had more than ten billion users.

Former Contractor Avoids Jail Time After Mining Crypto on Government Supercomputers

A former government contractor in Sydney avoided jail time after hijacking processing power from state-owned supercomputers for the purpose of mining cryptocurrency.

Bitcoin Scammers Defy Canadian Authorities’ Attempt to Issue Warning

Authorities in Canada have launched a poster campaign warning locals about a crypto scam involving the use of bitcoin ATMs.

Creator of Project That Surpassed $40,000 per Token Backing New DeFi Project COVER

Yearn.Finance founder Andre Cronje is providing advisory support for the rebranding of SAFE token to COVER, a new protocol that is set to launch in November.

Spanish Crypto Ponzi Scheme Freezes Accounts of 120,000 Investors

Spanish crypto Ponzi scheme Arbicorp froze the accounts of more than 120,000 investors after discovering an error in trading bot that led to overpayments.

Cardano co-founder CEO Charles Hoskinson Slams YouTube Over Fake Channels

IOHK CEO and ethereum co-founder Charles Hoskinson slammed YouTube for failing to shut down cryptocurrency giveaway scams.

Bahamas Set to Launch Sand Dollar Digital Currency Next Month: Bloomberg

The Bahamas is set to launch the world’s first sovereign digital currency ahead of major world powers such as China.

Popular Analyst Predicts Bitcoin Retreat to $9,000, Bullish on DeFi Project AMPL

Prominent crypto analyst Nicholas Merten predicts bitcoin’s price pulling back to $9K while saying DeFi altcoin AMPL be a top performer.

Macroeconomist Says World ‘Drowning’ in US Dollars While BTC Prices Bounce Back

Business analyst Stephen Bartholomeusz says the world is drowning in US dollars, which has created macroeconomic conditions for bitcoin and gold to flourish.

Binance Coin (BNB) Staking Goes Live on Smart Chain Network

Leading cryptocurrency exchange Binance has announced the official launch of BNB staking on the Smart Chain network.

Regulations Will Make Demand for XRP ‘Skyrocket’, Says Crypto Analyst

Popular Twitter user and contrarian investor CryptoWhale gave their support for XRP in the event of greater market regulations, saying demand for the altcoin would skyrocket.

Binance Smart Chain Network Gaining Ground on Ethereum Transaction Volume

Binance Smart Chain accounts for 14 percent of the transaction volume of rival ethereum, as the native BNB exchange token seeks to make headway in the DeFi marketplace.

Global Fiat Failure Will Push Countries into Bitcoin, Says Max Keiser

Bitcoin bull and Keiser Report host Max Keiser says countries and central banks will turn to bitcoin as a hard asset in the even of global fiat failure.

Alleged ETH Pyramid Scheme Forsage Continues to Attract Investors Despite Warnings

Ethereum-based protocol Forsage continues to gain investment despite regulators warning that the project is a Ponzi scheme.

Singaporean Man Caned Over $267,000 in Bitcoin Theft

A Singaporean man has been sentenced to three years in prison and 12 cane strikes after pleading guilty for his role in the theft of $267K from a bitcoin investor.

IRS Offering $625,000 to Anyone Who Can Crack Monero’s Privacy Network

The US Internal Revenue Service (IRS) is offering participants $625,000 in order to crack Monero’s privacy network.

Mastercard Launches Platform for Central Banks to Test Digital Currencies

Financial services giant Mastercard has launched a platform to allow central banks and test firms test digital currencies.

ETH Exchange Balances Hit 6-Month Low While Over 1,000 ETH Wallets Plummet: Research

The amount of ethereum being held on exchanges has hit a six-month low amidst a general decline in wallets holding more than 1000 ETH.

Bitcoin Wallet Holding $700 Million Has Been Under Attack by Hackers For Years

A new report by Vice details a bitcoin wallet holding over $700 million in BTC has been under attack by hackers for the last several years.

Barry Silbert’s Digital Currency Group Acquires Retail-Focused Crypto Exchange Luno

Blockchain investment firm Digital Currency Group has entered the crypto retail market following the acquisition of wallet and exchange subsidiary Luno.

NiceHash Denies It Enabled 51% Attacks on Ethereum Classic

Hashing brokerage giant NiceHash has denied its involvement in a 51 percent attack on ethereum classic’s blockchain at the end of July.

Bitfinex Invests in Lightning Network-Backed Derivatives Exchange

Bitfinex has invested an undisclosed amount of money into a round of seed funding for LN Markets, a new derivatives platform using bitcoin’s Lightning Network.

Binance Buys Digital LAND in Blockchain-Based Gaming Platform The Sandbox

Binance has announced the purchase LAND NFTs from its most recent Launchpad project The Sandbox, a gaming platform that utilizes blockchain.

Major Indian Think Tank: Bitcoin ‘Should Be Traded’ Like Stock

Deepak Kapoor, founder of the Begin India Think Tank, says bitcoin should be traded like stocks and given the same legal protections.

OKEx Announces New Interface with DeFi Giant Compound Finance

Cryptocurrency exchange OKEx has announced a new interface with DeFi giant Compound Finance, allowing users access to the interest-generating platform.

Schiff: ‘Wrong’ About Bitcoin in the Past, but Recent Price Rally Due to Gold

Gold bug and crypto critic Peter Schiff admitted that he has been wrong about bitcoin in the past, but says the price rally above $12K was driven by gold’s success.

Binance Launches New DeFi Yield Farming Product

Leading cryptocurrency exchange Binance has announced the release of Launchpad, a new product for yield farming crypto assets.

Block.One CEO Criticizes Ethereum for ‘Slow, Costly’ Transactions

Block.One CEO Brendan Blumer blasted ethereum for high transaction fees and network congestion, while praising EOS for being a substantial improvement.

FTX CEO Takes Over SushiSwap Following Master Chef’s $10M+ Cash Out

FTX CEO Sam Bankman-Fried announced he had taken over SushiSwap after the sudden and controversial cash-out by former founder Chef Nomi.

New Malware Uses Tor and Bittorrent to Mine Crypto and Steal Funds

ESET researchers claim a previously undocumented malware family is using the Tor network and Bittorrent protocol to infect user computers, mine crypto and steal funds.

US Air Force Renews Contract With Chainalysis For Nearly $800K

The US Air Force has agreed to a third contract with blockchain analytics firm Chainalysis for nearly $800,000.

Uniswap Daily Volume Over $1 Billion as Yield Farming Craze Continues

Decentralized exchange Uniswap has become the first DEX to generate more than $1 billion in daily volume amidst the ongoing craze for yield farming.

Ethereum Transaction Fees Hit Record High as DEX Craze Continues

Ethereum transaction fees hit another all-time high on September 1, coinciding with a surge in volume for decentralized finance products.

OKEx August Report Announces Historic $21 Million OKB Coin Burn

Leading cryptocurrency exchange OKEx has announced a historic $21 million coin burn for its native token OKB.

Year Finance Vaults Could Push Ethereum into a New Bull Run, Analyst Says

Yearn Finance’s new yETH product, which will automatically find the highest yielding decentralized finance protocol, could launch the price of ethereum into a new bull run.

Tezos Foundation to Pay $25 Million in Damages Stemming From Token Sale Lawsuit

The Tezos Foundation has agreed to pay $25 million in damages to plaintiffs and there lawyers stemming from the XTZ token sale in 2017.

Zeus Capital Warns ChainLink Investors: ‘Don’t Get Fooled’

Asset management firm Zeus Capital has warned LINK investors not to be fooled by the coin’s price and to exit their positions before “it’s too late.”

Keiser: Buffett Exiting USD Bullish for Bitcoin, ATH in ‘Near Term’

Bitcoin bull Max Keiser says Warren Buffett’s move into Japan is bullish for BTC and indicates a further weakening dollar.

Visa Exec Tells Investors to ‘Opt-Out’ With Bitcoin as US Dollar Index Plummets

Visa exec Andy Yee blasted Jerome Powell and the Federal Reserve’s policy changes to devalue the US dollar and encouraged investors to “opt out” of the system with bitcoin.

Popular Crypto Trader Shares Secrets After Growing His Bitcoin Fortune

Popular crypto analyst SalsaTekilla has shared his trading secrets for growing 0.2 BTC into over $100,000.

Reddit Community Member Issues Warning Over Copy and Paste Crypto Scam

A Reddit user has warned the community about a crypto scam involving the use of the copy and paste function when attempting to send funds through exchanges.

Major Australian Financial Firm Sues Ripple Over Trademark Infringement

An Australian financial services firm is suing Ripple over trademark infringement for the use of its “PayID” service.

Veteran Trader Peter Brandt Questions Bitcoin’s Validity Without Central Bank Backing

Veteran trader and chart analyst Peter Brandt kicked off a wave of Twitter debate after questioning bitcoin’s potential as a global currency without central bank backing.

XRP’s Daily Active Addresses on the Rise Despite Price Pullback

Active daily addresses for XRP have continued to climb to a seven-day peak despite the altcoin undergoing a price pullback of more than nine percent.

Mastercard Files Patent for Billing System Using IOTA’s Tangle Protocol

Financial services giant Mastercard has filed a patent for a shared device billing system using IOTA’s Tangle protocol.

Venezuela Blocks $18 Million Crypto Disbursement to Healthcare Workers

Venezuela has blocked efforts by the Jaun Guaido-led opposition party from distributing $18 million in funds to healthcare workers via the crypto exchange AirTM.

Ransomware Hackers Using Binance to Exchange BTC for Cash: Report

A new report by Forbes suggests that crypto ransomware users are leveraging leading exchange Binance to convert bitcoin into cash.

Crypto Exchange Bitstamp Reportedly Leaving London Amidst Brexit Concerns

Cryptocurrency exchange Bitstamp is reportedly leaving the United Kingdom after eight years over taxation and regulatory concerns tied to Brexit.

Singaporean Banking Giant DBS Lauds Crypto, Says Industry is Charting ‘Brave New Frontiers’

Singaporean-based financial services giant DBS has released a report lauding cryptocurrency and saying the industry is providing investors a convenient and secure alternative to fiat.

Cybersecurity Firm Issues Warning Over Hidden Monero Malware on AWS Marketplace

Cyber security firm Mitiga has issued a warning to AWS clients after discovering a hidden Monero mining malware in a AWI product.

Uniswap Overtakes Tether as Ethereum’s Largest Gas Spender

Decentralized exchange Uniswap overtook Tether’s USDT as the largest gas consumer on ethereum’s network.

UK Farmer Found Guilty in $1.9 Million Bitcoin Extortion Scheme

A UK farmer has been found guilty in a £1.5 million bitcoin extortion scheme which involved threatening Tesco to contaminate baby food with shards of metal.

0x Hits Two-Year Price High Amidst Falling Ethereum Fees

Decentralized exchange protocol 0x underwent a surge in price on Friday as investors hope falling ethereum congestion will lead to greater DEX usage.