According to an indictment, the US Department of Justice alleged that the Venezuelan President Nicolas Maduro and other country’s leaders used cryptocurrency to cover drug-dealing operations. The indictment notes that with Nicolas, 14 other Venezuelan officials leveraged their political and financial power to conceal their activity in the criminal operations for over 20 years. DOJ […]
People’s Bank of China (PBoC) Almost Complete Sovereign Digital Currency
Amidst the COVID-19 adverse effect across China and the world at large, there seem no setbacks in the development of China’s digital yuan. As per the report shared by a Global Times on Tuesday, the People’s Bank of China (PBoC) is way closer to issuing digital yuan. The report was cited with the “industry insiders”, […]
Bitcoin Proponents Mock at Fed’s View ‘There is an Infinite Amount of Cash’ Despite COVID outbreak
The ongoing COVID-19 outbreak has created a financial crisis, in fact, it is said that the world economy has never shut down this fast. In this case, the US Fed’s Kashkari in a recent interview said ‘ there is an infinite amount of Cash’. Neel Kashkari, U.S. senator addressed the economic scenario caused by the […]
Indian Police Arrest Woman On Stealing Bitcoin from Indian Exchange’s Hardware Wallet
A report from the country’s local media surfaced on the web on March 20, stating that the owner of Indian exchange BitCipher Labs filed a complaint against the woman who stole 64 bitcoins. As a result, the Indian Cyber Crime Police arrested and recovered all the stolen funds. According to the Times of India, a 26-year […]
Amidst Corona Chaos Leading Italian Bank Launches Full Fledged Crypto Wallet
Despite the fact that the world is fighting the coronavirus outbreak and the nationwide lockdown, Italy’s leading bank, Banca Sella has rolled a full-fledged crypto wallet. The bank has likely leveraged the potential demand for virtual money as people are transforming their way from fiat to bitcoin as part of safe money following the ongoing […]
Square Gets Conditional Approval for Banking License by US FDIC
Square Inc., the financial tech company has reportedly received a green signal to open its own bank in Utah. The report comes in a wake of conditional approval for banking license provided by the US’s Federal and State banking regulator. The reports spread on Wednesday, March 18, noting that the U.S. Federal Deposit Insurance Corporation […]
India’s Corporate Authority Conducts Inspection on Bitcoin Company, Names Zebpay, and Unocoin
Looks like crypto in India are on the next phase as the country’s Ministry of Corporate Affairs (MCA) has conducted an inspection on companies operating within India. The report comes in a wake of the filing that was submitted in the Lok Sabha, the lower house of Indian parliament. Per the statement, the investigation was […]
Coinbase Becomes First US Crypto Exchange Enabling Google Pay
The latest announcement reports that the US’s largest crypto exchange Coinbase is now enabling users to spend Bitcoin using Google Pay via their mobile phones. Coinbase customers’ s visa debit card, the “Coinbase Card” is now enabled with Google Pay. Coinbase customers can easily link their Coinbase cards to their Google Pay wallet, which will […]
Winklevoss Duo Opens Marketplace for Blockchain Digital Art
Despite the market turmoil, Bitcoin billionaires Tyler and Cameron Winklevoss announced the launch of a marketplace for Non-Fungible Tokens (NFTs). As per the report, Gemini’s Winklevoss twins acquired ‘Nifty Gateway’, a platform for non-fungible tokens (NFTs) back in November 2019. However, the platform, Nifty Gateway was established by ‘Twin brothers Duncan and Griffin Cock Foster’ […]
Bakkt Integrates Direct Payment Option with Starbucks
Announced recently, crypto derivative provider and digital assets platform Bakkt has raised $300 million in Series B round. However, the platform also revealed that it has integrated direct payment options with Starbucks. Although the crypto market is bleeding terribly, yet, Bakkt as an institutional bitcoin derivatives exchange was able to raise a sizeable round of […]