Ripple ‘s new white paper offers a crypto-regulatory frameworks to the Indian legislature in response to the Supreme Court’s decision on cryptocurrencies. The Indian crypto sector is currently clouded with precariousness; despite the country ‘s apex court’s reversal of the previous Indian Reserve Bank ban. The Supreme Court’s lifting of the ban on banking services […]
South Korea’s Central Bank Forms Legal Panel to Research Digital Currency
The Central Bank of South Korea appears to become more serious with its research into digital currency. As reported by the Korean Times on 15 June, the Bank of Korea (BOK) has set up a panel to advise on the possible regulatory obstacles in issuing a central bank digital currency (CBDC). The move by the bank […]
America’s New Comptroller Of The Currency is a Blockchain & Bitcoin Bull
The new American Comptroller Of The Currency, Brian Brooks, is currently the new top banking regulator for President Donald Trump’s administration. Formerly, Brooks served as Chief Legal Officer of Major San Francisco’s Coinbase Digital Currency Exchange Platform. Brooks’ appointment as an acting-Comptroller Of The Currency is a clear message that Blockchain is not a drawback; […]
Stolen Mt. Gox Bitcoin Claimed by Craig Wright
Craig Wright, the self-proclaimed Bitcoin founder, has again boldly declared that he is the mastermind behind the 2011 stolen Mt. Gox Bitcoin totaling 79,956 BTC worth around $751 million in the current market. One of the addresses involved during the high-profile heist famous as the address “1Feex,” still contains bitcoins from the incident. ‘1Feex’ contains […]
Fraudulent PlayStation 5 Reveal Raises $13,000 in Fake Bitcoin Giveaway
A fraudulent PlayStation 5 revealing event on YouTube ran a fake Bitcoin giveaway, stealing over $13,000 in Bitcoin before it was brought down. A fake “PlayStation Live” YouTube channel hosted the fake live-stream and promised viewers in Bitcoin up to 5,000, if they first sent their Bitcoins. Fake Bitcoin scams have been common in social media […]
Bank of Venezuela Banned by P2P Exchange Firm Due to US Sanctions
Citing US sanctions against Venezuela, Paxful, a peer-to-peer bitcoin exchange platform, has notified its clients that it will no longer accept transactions from the most important financial institution in Venezuela, the Bank of Venezuela. As a matter of fact, trading in Venezuela for the digital currency is now more difficult for bitcoin traders, even though […]
Indian Ministry of Finance Proposes to Permanently Ban Cryptocurrencies
Just three months after the Supreme Court lifted the ban on crypto banking, an unexpected turnaround has taken place in the Indian cryptocurrency community. The Indian Ministry of Finance has made a proposal to legally prohibit cryptocurrencies in the country. According to a report by the Economic Times, the new proposal will first be submitted […]
Battle for Supremacy at Bitmain Delays Delivery of Mining Hardware
As per the reports, exiled co-founder of Bitmain, Micree Zhan has forcefully taken over the management of the Shenzhen-based company. The battle for supremacy in Bitmain shot up between the two co-founders, compromising the shipment of new mining hardware to their buyers In addition, customers state they had already paid Bitmain in advance for the […]
Fake SpaceX YouTube Channel Dupes $150K in Bitcoin from Unsuspecting Victims
Cryptocurrency scammers have managed to dupe unsuspecting victims of $150,000 using the oldskool “free giveaway ” strategy. The fake SpaceX YouTube channel, which copied the YouTube account of Elon Musk’s Space Exploration Technologies Corporation, managed to steal at least $150,000 by hosting free live BTC giveaways. Bleeping Computers’ report recently claimed that hackers attacked a […]