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

Grayscale Investments Adds 17,100 BTC to Fund in One Week

Grayscale Investments added 17,100 BTC to their bitcoin trust fund, bringing its total value to more than $4.7 billion.

Binance Announces Decentralized Stablecoin Marketplace Venus

Cryptocurrency exchange Binance has announced the launch of new DeFi stablecoin platform Venus utilizing the Smart Chain network.

Venezuela Gets its First Bitcoin Satelite Node Independent of Internet Access

A collection of startups have teamed up to launch Venezuela’s first satellite bitcoin node, allowing users in the country to conduct transactions even in the absence of internet.

Top Technical Analyst Predicts Bitcoin to $11,400, Recommends Two Altcoins

Popular crypto analyst and technical trader Michaël van de Poppe recommended investors follow altcoins CRV and SXP while predicting bitcoin could make a move to $11,400.

Surge in Ether Gas Prices Slowing Demand for Non-Fungible Tokens (NFTs)

Cargo start-up founder Sean Papanikolas says surging ethereum gas prices are limiting the growth of non-fungible token (NFT) marketplaces.

Nevada Woman Charged in Bitcoin Murder-for-Hire of Ex-Husband

A Nevada woman has been charged by Federal authorities for attempting to pay a darkweb hitman $5,000 in bitcoin to murder her ex-husband.

Bank of New York Mellon Allegedly Aided OneCoin Ponzi Scheme’s $4 Billion Fraud

Bank of New York Mellon has been accused of playing a role in the $4 billion Ponzi Scheme OneCoin, according to an updated court filing.

Whitehat Hacker Prevents $10 Million Ethereum Theft

Whitehat hacker samczsun discovered a vulnerability in an ethereum smart contract putting nearly $10 million ETH at risk of theft.

Everyone Will Use China’s Digital Currency, Says Bitcoin and Ether Startup Investor

Cryptocurrency pioneer Chandler Guo says “one day everyone in the world” will use China’s state-backed digital yuan.

Mike Novogratz’s Galaxy Digital Says Bitcoin Has ’60x’ Growth Potential

Mike Novogratz’s Galaxy Digital says bitcoin has “60x” market growth potential if it can continue to rival gold as a store-of-value asset and hedge against inflation.

‘I’m doubtful’: Nobel Prize-Winning Economist Shares Opinion on Smart Contracts

Nobel Prize-winning economist Oliver Hart shared his thoughts on smart contracts, saying the technology was less applicable in long-term relationships.

NYC Auction House Features Bitcoin-Themed Art Containing Original Code

Christie’s New York auction house is featuring a piece of bitcoin-themed artwork that represents a portion of the protocol’s original launch code.

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.