According to the Enforcement Directorate (ED) in India, it has frozen a total of 77.6 bitcoins that were transferred from Wazirx, the Indian crypto exchange, to Binance. This freeze is part of…
Category: Bitcoin
More Trouble For Grayscale Investors As It Drops To All-Time Low
It appears that Grayscale Bitcoin Trust (GBTC) has not managed to hit a bottom yet because last Friday saw the shares of the biggest Bitcoin fund in its history shed 35.18%. With…
Crypto Is Losing Demand As A Payment Method, Claims JPMorgan
JPMorgan has recently made a statement claiming that the demand for cryptocurrencies has been falling as a payment method/tool. Crypto Losing Traction as a Payment Method The investment division of JPMorgan, one…
Federal Police Of Brazil Has Launched An Operation Against Money Laundering Operations
The Federal Police of Brazil made an announcement on September 22nd in regard to launching an operation against money laundering activities. The Brazilian Police will not be carrying out the operation on…
Israeli Regulator Grants License To Digital Asset Exchange Platform
The ISACA (Insurance & Savings Capital Market Authority), which is the capital markets regulator in Israel, recently granted a license to Bits of Gold. The company received a license to operate as…
Binance Founder Announces Office In Romania As Part Of Expansion
The chief executive and founder of crypto exchange Binance, Changpeng (CZ) Zhao, recently announced that the exchange will be opening an office in Romania. The CEO visited the country and had a…
Nasdaq Launches Crypto Unit Amidst Increased Demand
According to Nasdaq, an increase in demand has been recorded for digital assets amongst institutional investors due to which it has launched ‘Nasdaq Digital Assets’. The new crypto unit will initially provide…
Better Business Bureau Warns Of Tiktok Crypto Investment Scams
The Better Business Bureau (BBB) recently issued a warning about cryptocurrency scams happening on Tiktok. The BBB said that many people were coming across videos on Tiktok showing a pile of cash…
CFTC Gears Up For Oversight Of Crypto Market
Should the Digital Commodities Consumer Protection Act be passed as a law, it would give ‘full oversight capabilities’ to the Commodity Futures Trading Commission (CFTC) in the US. The regulatory authority has…
ECB Selects Companies Including Amazon For Digital Euro Development
Five companies have been chosen by the European Central Bank (ECB) for helping it in developing the user interfaces required for a digital euro. Every company will collaborate with the ECB and…
Head Trader Of Global Crypto Ponzi Scheme Pleads Guilty In The US
The US Department of Justice (DOJ) recently disclosed that the head of a global crypto investment fraud scheme of around $100 million has pleaded guilty. They could now be facing five years…
Bank Of Bahrain Shows Interest In Bitcoin Asking Opennode To Provide Infrastructure For BTC Payments
Despite the downfall, the adoption level for cryptocurrencies, and especially Bitcoin is showing no signs of stopping. The adoption that began from an individual level has moved up to a level where…
Russia’s Rostec To Test Digital Asset Payments In Foreign Trade
Rostec is recognized as one of the top tech companies in Russia and it is now working on a project that involves the integration digital assets to make payments in cross-border trades….
Canadian Crypto Exchange Sues Users For Misappropriated Bitcoin
Coinberry, the Canadian crypto exchange, which is part of Wonderfi of Kevin O’Leary, has filed a lawsuit against 50 of its clients. The suit was filed for getting back the bitcoin that…
Judge Rules In Apple’s Favor In Crypto Wallet App Lawsuit
A ruling from a federal judge in California dictates that Apple Inc. is not liable in the class action lawsuit that was filed over ‘Toast Plus’. This involves a fake crypto wallet…
Mining Sector Continues To Grow As Cleanspark Has Acquired A Mining Facility
CleanSpark has announced that it has recently signed an agreement with Mawson’s Bitcoin mining facility. The cryptocurrency mining firm has announced that the deal they have agreed upon is worth multi-millions. CleanSpark’s…
IMF Publishes New Report On Crypto
According to a recent report from the International Monetary Fund (IMF), cryptocurrencies have become more mainstream and are being used as a hedge against weaker currencies, speculative investments, and potential instruments for…
Russian Arrested For Defrauding Buyers Of Mining Equipment
A man was detained in the Russian city of Astrakhan by the police on accusations of defrauding people who wished to purchase crypto mining equipment. According to law enforcement officials, the suspect…
Mercado Bitcoin Let Goes 15% Of Staff Due To Economic Woes
One of the biggest crypto exchanges in Brazil, Mercado Bitcoin, recently announced a new series of layoffs, as fintech startups all over the world are dealing with the impacts of the worsening…
Here’s What Bitcoin’s (BTC) Whales Are Doing – Should You?
Bitcoin (BTC) has entered the 6th day of low activity while swaying inside a nine-week ascending support level. Its ongoing performance underscored the surged uncertainty following the bearish actions it recorded the…