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

Microsoft: In 2019, Cryptojacking Attacks Decreased 40% From 2018

A recently-released security report by Microsoft—titled “Microsoft Security Endpoint Threat Summary 2019″—says that “cryptocurrency mining encounters are down 40% from 2018.” Microsoft points out that “as the value of cryptocurrency rises and falls, so does the mining encounter rate.” It then explains how cryptojacking attacks work: “Attackers inject mining software into an unsuspecting user or […]

Coinbase Considering the Idea of Listing One or More ETH-Based DeFi Tokens

Popular cryptocurrency exchange Coinbase has announced that it is “exploring the addition of a range of new assets.” According to Coinbase’s blog post, the US-based exchange is committed to offering support for assets that meet their technical standards and comply with applicable laws. The exchange says it expects over time to offer clients around the […]

Investor Dennis Gartman Is ‘Social Distancing’ in ‘Too Crowded’ Gold Market

Gold bug and long-time investor Dennis Gartman says he’s exiting the gold market which has become “too crowded” with retail investors going long.

Cardano’s Shelley Has No Trouble Attracting Stake Pools Operators

Just four days after Cardano’s successful launch of the Shelley hard fork, there are over 600 active stake pools.  According to data compiled by ADAPools.org, Cardano has currently 623 active stake pools, representing a relative peak following the launch of Shelley. The pools, which allow users to participate in the staking protocol, have a collective […]

Bitcoin Will Surpass $100,000, Popular Crypto YouTuber Predicts

Popular crypto YouTuber Nicholas Merten says bitcoin has entered a bullish cycle that will settle around $100K in the next two years.

Analysts Say XRP is Pushing Against Significant Resistance After Recent Price Rally

Several crypto analysts are pointing to XRP pushing up against significant resistance after reaching a relative price high.

93% of Bitcoin Addresses Profitable After BTC Crossed $11,000: Glassnode

On-chain analytics firm Glassnode reports 93 percent of bitcoin’s circulating supply is in profit following the asset’s move above $11K.

Peter Schiff Says Gold is ‘Harder to Confiscate’ Than Bitcoin Amid Crypto Surge

Gold bug and crypto critic Peter Schiff has argued that gold is “absolutely transportable” and harder to confiscate than bitcoin.

Tone Vays ‘Very Bullish’ On Bitcoin, Predicts Potential All-Time High

Popular crypto analyst Tone Vays is “very bullish” on bitcoin and says the crypto-asset can reach an all-time high if it sustains momentum above its trend line.

Bitcoin Is a Safe Haven Rival to Gold, Says $10 Billion Advisory Group CEO

The CEO and founder of $12bn financial giant deVere Group says bitcoin is set to surge and has established itself as a safe-haven asset.

Popular Crypto Analyst Peter Brandt Says Bitcoin Pointing Towards All-Time High, XRP Could Follow

Veteran crypto analyst Peter Brandt said bitcoin appeared to be setting for a new all-time high before settling at $50,000.

Bitstamp Back’s SWIFT Competitor for Instant Cash-Crypto Payments

Cryptocurrency exchange Bitstamp is backing BLINC, a real-time payments network by BCB Group that will offer free cash and crypto settlements.

International Fugitive Carlos Ghosn Used Bitcoin to Pay Smugglers

The son of former Renault and Nissan head Carlos Ghosn paid smugglers 63 BTC ($500K) in order to help his father escape house arrest in Japan. 

Czech National Bank Board Member Criticizes CBDCs as Helicopter Money

A Czech National Bank board member has criticized the use of central bank digital currencies (CBDCs) for raising more questions than answers and being another version of “helicopter money.”

World Will Not Adopt a Bitcoin or Gold Standard, Says Trader Who Called Bitcoin’s 84% Drop in 2017

Popular Twitter trader and market commentator Peter Brandt predicted the world would not return to a gold standard or rely upon “pet rock” cryptocurrencies to back fiat. 

Latvian Authorities Seize $126,000 in Cryptocurrency Bust

Latvian state police seized $126,000 in crypto-assets following the bust of a cybercrime ring responsible for large-scale money laundering. 

YouTube Denies Liability for Cryptocurrency Scams and Impersonators

YouTube lawyers have countered Ripple and CEO Brad Garlinghouse’s lawsuit by saying the video streaming platform is not liable for cryptocurrency scams and impersonations generated by third parties. 

Former Wirecard Exec in Hiding Holds Significant Sums of Bitcoin: Report

Former chief operating officer for now-disgraced payments firm Wirecard has reportedly gone into hiding in Russia and brought “significant sums” of bitcoin with him. 

Bitcoin Will Sooner or Later Break out From $10,000, Says Binance CEO

Binance chief executive officer Changpeng “CZ” Zhao said in a recent interview with Bloomberg that global financial conditions will propel bitcoin above its $10k price resistance. 

Coinsquare Accused of Market Manipulation by Canadian Regulator

Toronto-based cryptocurrency exchange Coinsquare has been accused of market manipulation by Canadian regulators after the company allegedly manipulated its trading volume. 

Binance CEO CZ Posts ‘Mythbusting’ Guide to Token Economics

Binance CEO Changpeng Zhao has published a guide to busting common myths related to token economics and the exchange’s handling of Binance coin. 

New York Man Charged in $4.5 Million Cryptocurrency Scheme

A New York man has been arrested and charged with defrauding investors of $4.5 million in crypto-assets which were largely used for online gambling sites and sportsbooks. 

Two Promoters of Crypto Ponzi Scheme OneCoin Found Dead in Mexico

Two promoters of the cryptocurrency Ponzi scheme OneCoin were found dead in Mexico at the end of last month, with the murders being tied to the escalating drug cartel violence in the region. 

Chainlink Breaks Into Top 10 Cryptos on Liquidity Surge: Report

Chainlink (LINK) has reached multiple all-time highs in the last several weeks on the back of a liquidity surge and wave of exchange deposits. 

Waves Enterprise and Microsoft Partner to Launch Russian Corporate Blockchain

Waves Enterprise has announced a partnership with Microsoft Russia to develop corporate blockchain solutions and smart contract auditing services. 

Crypto Exchanges Accepted $1.3 Billion From ‘High-Risk Addresses’: Report

According to a new report by Chinese analytics firm Peckshield, cryptocurrency exchanges accepted $1.3 billion in funds from “high-risk” wallet address through the first six months of 2020. 

MVIS CryptoCompare Bitcoin Index Licensed to Recently Launched Arrano Capital BTC Fund

MVIS in partnership with leading data provider CryptoCompare has announced a licensing deal with Arrano Capital’s recently launched bitcoin fund. 

Japan Serious About Issuing a Central Bank Digital Currency: Report

The government and Bank of Japan are seriously considering issuing a central bank digital currency to replace the current yen, including a potential partnership with the U.S. and European countries. 

Crypto Influencers Predict Global Economic Shift Will Favor Bitcoins Price

A group of crypto influencers and fund managers recently discussed the future of bitcoin, concluding that the changing global economic landscape would favor BTC. 

Bitcoin Could Soon Enter a Bull Run, Indicator Shows

Bitcoin’s Hash Ribbon indicator has signaled a “buy” for the second time in 2020, indicating a possible bull run ahead for BTC. 

PayPal Reveals Cryptocurrency Development in Letter to European Commission

Payments giant PayPal has revealed that it is working on developing cryptocurrency capabilities in a letter sent to the European Commission in regard to regulating the industry. 

Crypto Scammers Responsible for $24 Million in Bitcoin Theft Through First Half of 2020: Report

Crypto scammers have accounted for more than $24 million in bitcoin theft alone through the first six months of 2020, according to a new report by monitoring service Whale Alert. 

Former Goldman Sachs Manager Raoul Pal Teases Potential Breakout for Ethereum

Former Goldman Sachs manager Raoul Pal published a series of tweets showing that cryptocurrency is on the verge of a rally and may be led by an ethereum breakout. 

Derivatives Trading Platform Synthetix (SNX) Is up Over 5,000% Since 2019

SNX, the native token for derivatives trading platform Synthetix is the best performing DeFi product since April 2019, appreciating more than 5000 percent in value. 

Runescape Hakcers Use Glitch to Make Trillions in Game and Use Profits to Buy Bitcoin

Runescape hackers were able to exploit a double-spend glitch to generate trillions in in-game currency and use the profits to buy bitcoin. 

Malaysian Court Fines Local Actor for Role in $50,000 Cryptocurrency Theft

The Malaysian courts charged local actor Mas Khan with two counts of stealing and a fine of $4000 for his role in the theft of $50K in crypto-assets from his producer. 

Ukrainian Hacker Attempted to Sell Government Databases for Crypto

A Ukrainian hacker was caught after attempting to sell confidential information belonging to fifty government databases in exchange for cryptocurrency. 

Royal Canadian Mounted Police Thwart $90,000 Bitcoin Scam

The Royal Canadian Mounted Police (RCMP) were able to prevent a victim from depositing $90K in BTC into a scam account by using a warning poster placed on a Bitcoin ATM. 

BitClub Co-Creator Pleads Guilty to $722 Million Ponzi Scheme

The co-creator of the massive crypto Ponzi scheme BitClub has pled guilty to his role in the scam which defrauded investors of at least $722 million in bitcoin. 

Luxury Cars and $15 Million in Crypto Seized in Chinese Arbitrage Scam Bust

Chinese authorities seized $15 million in crypto-assets and several luxury cars as apart of a bust involving an arbitrage scam. 

Fake Joe Rogan Crypto Scam Tricks Victims With Free Bitcoin Offer

A new crypto scam involving popular podcast host Joe Rogan and political commentator Ben Shapiro is tricking users into participating in a free BTC giveaway.

Crypto Derivatives Hit a 2020 Low in June: CryptoCompare Report

According to the latest edition of CryptoCompare’s 2020 Exchange Review Guide, both derivatives and options trading plummeted during the month of June. 

Tim Draper Reveals He Owns Cryptocurrencies Other Than Bitcoin

American venture capitalist and bitcoin bull Tim Draper revealed that he owns more crypto-assets than just BTC and has managed to weather the economic impact of the coronavirus “surprisingly up.”

Brazils Securities Watchdog Blocks Binance From Offering Derivatives

Brazil’s Securities and Exchange Commission has ordered Binance to cease offering derivative products in the country after ruling they constituted a securities intermediary.

South African CEO Declared Bankrupt After $13M Cryptocurrency Scam

Alleged cryptocurrency scammer Willie Breedt has been declared bankrupt after his former company Vaultage defrauded investors of more than $13 million in crypto-assets. 

Travalas Token AVA Jumps Following Announcement of Partnership with Expedia

The Binance-backed cryptocurrency travel booking website Travala has announced a new partnership with Expedia Group, adding more than 700,000 hotels and accommodations to their selection. 

Bitcoins 90-Day Active Supply Points to Bullish Phase Ahead: Report

Bitcoin’s 90-day active supply underwent a surge during the past quarter, pointing to a bullish phase in the near future according to a new report. 

Block.Ones New Social Media Platform Voice Briefly Launched Ahead of Schedule

Block.One’s new social media platform Voice launched briefly ahead of schedule before being made officially available on July 4th. 

Argentinas Smallest Currency Denomination Now Worth Only One Satoshi

Argentina’s smallest currency denomination, the Centavo, has now fallen in value to be equivalent to one satoshi. 

Ebang Plans Offshore Exchange as NASDAQ Share Prices Falter

Chinese crypto mining manufacturer Ebang has announced plans to launch an offshore exchange following the firm’s stock listing on NASDAQ last week. 

‘Big Spender’ Bitcoin Wallet Exploit Is an ‘Issue With BTC Itself’, Says BCH Supporter

Crypto security firm ZenGo has identified a double-spend exploit dubbed “BigSpender” that allows an attacker to cancel transactions without the receiving user knowing. 

Ripples Success as a Payment Company May Not Benefit XRP, Says Pompliano

Morgan Creek Digital co-founder Anthony “Pomp” Pompliano believes that Ripple’s success as a payment protocol company may not benefit XRP in the long run. 

Boomers, Gen-X Doubled Down on Bitcoin During Lockdown

A new report found American Baby-Boomers and Gen-Xers doubled their investment into bitcoin every month during the lockdown, revealing a shift in the industry’s landscape.

Crypto Quant Fund Exec Compares S2F BItcoin Model to Astrology

Nico Cordeiro, chief information officer for crypto quant fund Strix Leviathan, published a critique of bitcoin’s stock-to-flow model, comparing it’s prediction potential to that of astrology.

Decentralized Finance Platform bZx Joins Liquidity Farming Craze

DeFi platform bZx has issued a pair of proposals that would update the platform to allow users to participate in fee generation and liquidity farming. 

Indicator That Flashed Before Bitcoin’s Rally to Near $20,000 All-Time High Flashed Again: Report

The latest edition of Glassnode’s On-Chain analysis report reveals a potentially bullish indicator for bitcoin, as the amount of BTC last moved 1+ years ago reached an all-time high last week. 

Ethereum Activity Reaches 2-Year High as DeFi Craze Continues

Ethereum activity has reached a 2-year high amidst the ongoing craze for decentralized finance (DeFi) products, which now account for $1.4 billion in value. 

PlusToken Scammers Could Dump $187 Million Ether, Report

Crypto wallets tied to Plustoken scammers still at large have moved $187 million ether in the last several days, leading to concern that the coins will be dumped onto spot markets. 

61% of Bitcoin Hasnt Moved in Over a Year: Glassnode

Sixty-one percent of bitcoin’s circulating supply has remained unmoved for at least one year, breaking a previous all-time high established in January 2016. 

Bitcoin Unlikely to Ever Trade at $25,000, Peter Schiff Implies

Gold bug and crypto critic Peter Schiff has implied that bitcoin is unlikely to ever reach $25k while saying no price point would compel him to “panic-buy.”