A District Court in the US brought down wrath upon Arisebank’s CEO by awarding him five years of sentence along with a fine of US$ 4,258,073 because he was found guilty of crypto fraud. He accepted his guilt before the Court by admitting that he had defrauded crypto investors and used their funds for his…
While the Securities & Exchange Commission (SEC) of Thailand wants to amend certain laws for ensuring “investors’ protection”, there is a chance that during the process, crypto custodians would witness a ban debarring them to further sublet the investors’ assets for monetary gains. SEC, for this very purpose, has engaged with the public in a…
A new Chief Executive Officer for Binance Singapore has been engaged by Binance Global who was once associated with the national regulator. The background for appointing an ex-official of the regulator has been revealed by Binance Global to make sure that the crypto firm leaves no stones unturned when it comes to ensuring compliance with…
United Wholesale Mortgage Company in the US has revealed its proposal through which the lending company wishes to accept Bitcoin as a mode of payment. The company plans to receive mortgage installments from its customers even in the form of Bitcoin if they so desire. However, crypto integration is proposed to take effect at the…
“Crypto is in dire need of regulation”, says Gary Gensler, the Chairman of the US’s Securities & Exchange Commission (SEC). He argues that crypto would not be able to see its full potential until it is subject to oversight by the regulator under proper regulation. There is no future for crypto if it continues to…
Many new investors are unaware of crypto wallets and why they need to choose the right one for themselves. There are many cryptocurrencies, such as Litecoins, bitcoins, Ethereum, and lots more. Investing in these currencies requires you to choose the right cryptocurrency wallet for safe storage. A crypto wallet has a private key and a…
PayPal announces the fulfillment of its commitment to provide crypto services for the people living in the UK. The electronic payment processing giant has announced that its crypto services will be made available in the UK before the end of this week. Crypto interested people from the UK will be able to access crypto trading…
Just recently, Xiaomi India has expressed its true intentions for cryptocurrencies that have made the entire cryptocurrency sector in India very pleased. Xiaomi India is the Xiaomi manufacturer’s one of the major branches based in the subcontinent. Just recently, Xiaomi India has expressed interest in the adoption of cryptocurrencies. However, the company is somewhat hesitant…
Bitcoin is gaining multiple gains as well as much-needed momentum in an effort to go beyond the level at 15th May 2021 from where it was pulled down and since then has been struggling to come out of the barbwire. A large number of crypto analysts, as well as traders, are hopeful that the Bitcoin…
Australian Police has seized crypto funds amounting to US$ 8.49 Million comprised in Bitcoins. Police assume that the seized assets belonged to one of the notorious marketplaces at darknet called the “Silk Road”. The funds were associated with illegal drug deals that took place in the year 2012, said the Australian Police. Simone Fox Koob,…
A warning concerning non-fulfillment of mandatory regulatory requirements has been issued to Binance in the Netherlands as the Dutch Central Bank notes that Binance has been illegally offering services of crypto trading and crypto wallet without being registered with the relevant authority. There have been many warnings lately against the lead crypto firm, Binance over…
Major British bank’s parent company, Lloyds Banking Group, currently seeking to hire a person with the knowledge of blockchain and crypto for a Senior Manager’s post in the relevant field. The advertisement reveals that the new hiring will be assigned the task to look after the affairs of BYP Network, which is a mobile banking…
In the past few years, cryptocurrency has taken over our economies and financial systems. Since 2020, records show that crypto’s total market size is close to $1.5 billion. In fact, it’s likely that it will grow three times bigger over the next ten years. Now, the cryptocurrency market cap is getting measured in quadrillions. While…
While the activity of Bitcoin mining is one that is legal in Iran but the securities watchdog of Iran insists that the Bank of Iran should do the regulation and therefore asks the bank to take over the task. The regulator however commits to take over the charge of regulating the virtual assets once the…
Binance announces suspension of some of its products’ trading in South Korea leaving millions of South Korean customers to dishearten and repenting. Binance says that it has examined certain South Korean crypto regulations which suggest it immediately suspends offering certain products on an immediate basis. There is too much going around at Binance at a…
Crypto tax law proposed in Iran by the Iranian National Tax Administration (INTA) which plans to generate tax from the cryptocurrency exchanges doing business in the territories of Iran. INTA also urges the Iranian Government to legalize crypto exchanges, their services, and activities on the pretext that the restrictions may substantially reduce the targeted tax….
The world’s biggest and most effective blockchain intelligence firm Chainalysis has promised to give full coverage to the network of Dogecoin as well in its future publications. The intelligence firm believes that with the help of Tesla’s Elon Musk, Dogecoin has become one of the most traded and highly growing cryptocurrencies in the world. But…
A new feature called “Cash Back to Crypto” has been successfully incorporated in PayPal’s famous crypto app Venmo which lets the users, holding credit cards, enjoy the facility of purchasing four major virtual assets automatically without being charged of any transaction fee by PayPal. On 10th August 2021 (Tuesday) PayPal made a fresh announcement informing…
With the collaboration of Orbis Blockchain Technologies Limited, the event of Veve Digital Collectibles called the “Marvel Month” on 5th August 2021, has been launched by Marvel Entertainment. The two entities are getting along together for developing the first-ever NFT featuring one of the most famous Marvel characters, Spider-Man. There is good news for Marvel…
Rosfinmonitoring or the Russian Federal Financial Monitoring Service intends to track all incoming and outgoing transactions of crypto. For this purpose, the tender was floated for engaging a contractor with the required skill set a firm owned by Sberbank namely RCO has been engaged for the task. Russia has finally come up with a solution…
