More than 46,000 people reported losing over $1 billion (roughly Rs. 7,770) in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report on Friday. Nearly half the people who reported losing digital currencies in a scam said it started with an ad, post…
The New York State government in the US is going bullish on promoting green crypto mining. The State Senate has reportedly passed a bill, that could restrict operational permits for fossil fuel plants that power Bitcoin mining. If Governor Kathy Hochul signs this bill, it would also lead to a…
European Central Bank President Christine Lagarde called cryptocurrency ‘worthless’ during an interview. Lagarde who’s consistently had a negative stance on cryptocurrencies reiterated her view claiming they are “based on nothing” and should be strictly regulated. Lagarde further argued that investing in Bitcoin and the altcoins could leave people “terribly disappointed”…
After being red in losses for most of this week, the crypto price charts seem to be jumping back to health at a gradual pace. Bitcoin on Friday, May 20, opened trading at $31,728 (roughly Rs. 24.5 lakh) with minor gains of 2.60 percent as per Indian exchange Coinswitch Kuber….
Russia will sooner or later legalise cryptocurrency as a means of payment. The Minister of Industry and Trade of Russia, Denis Manturov, took to stage at an educational event, stating that the government and the central bank may move closer to resolving their longstanding differences regarding cryptocurrencies. The Ministry of…
China’s expulsion of crypto miners and other judgements had effectively restricted crypto trading and associated operations within its borders, but a recent judgment from the country’s Shanghai High People’s Court finds Bitcoin to be a virtual asset with economic value that is protected by Chinese law. The judgement arrived in…
US-based retirement plan provider Fidelity must address risks and potential conflicts of interest related to its plan to allow Bitcoin investment in 401 (k) retirement accounts, according to Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota, who have asked for answers from the financial services heavyweight before May…
The crypto culture seems to be on an expansion in parts of the United Arab Emirates (UAE). In a latest development, Dubai-based real estate developer Damac Properties has decided to accept payments in the form of cryptocurrencies. Bitcoin and Ether, the top two cryptos in-terms of valuation, have been declared…
The Central African Republic, a landlocked nation which lies roughly at the centre of the African continent, has become the first African country to declare Bitcoin legal tender. The Ministry of Finance and Budget and the Ministry of Digital Economy, Postal Services, and Telecommunications have submitted a joint document that…
A Ukrainian citizen was recently sent cash in Poland from Miami, US, via Bitcoin’s Lightning network and a bit of assistance from a BTC developer who helped the citizen download and set up a crypto wallet on phone. The citizen received the sum in Bitcoin on her crypto wallet and…
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