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El Salvador Purchases 21 BTC to Commemorate Bitcoin Day Despite IMF Restrictions
El Salvador acquired 21 Bitcoin for the fourth anniversary of its Bitcoin Law, raising reserves to 6,313 coins worth $700 million (approx. Rs. 6,000 crore). Despite IMF restrictions and limited Chivo wallet adoption, the government continues to make daily purchases, promotes Bitcoin education, and implements security measures, drawing criticism for...
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IMF Says Crypto Industry's Carbon Footprint Rising; Officials Mull Tax Surge to Curb Emissions
IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...
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6,600 Crores Collected In 'Bitcoin Ponzi Scheme', Woman Arrested In Mumbai
The Enforcement Directorate on Tuesday said it has arrested a woman and seized three luxury cars and some jewellery after recent raids against the promoters of a 'bitcoin ponzi scheme'.
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UK Unveils Tougher Rules for Crypto Sector, Will Curb Advertising With 'Cooling Off' Periods, Risk Warnings
British consumers buying cryptoassets will get a 24-hour "cooling-off" period for the first time from October under tougher marketing rules unveiled by the financial regulator on Thursday. The Financial Conduct Authority (FCA) said "refer a friend" bonuses for crypto buyers would also be scrapped and that those promoting such assets would have to p...
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Tejas Shah of Indian Origin Named CEO of Crypto-Focussed New York Digital Investment Group
The New York Digital Investment Group (NYDIG) has named Tejas Shah as the CEO of the crypto-focussed alternate asset management platform. Before joining the NYDIG, Shah had clocked a nearly 20-year long career at Goldman Sachs as a partner. Alongside Shah, Nate Conrad, the former Global Head of Payments at NYDIG has been promoted as the firm’s Pr...
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Bitcoins Worth Rs 12 Crore Frozen In Kolkata Gaming App Case
The Enforcement Directorate on Wednesday said it has frozen bitcoins worth Rs 12.83 crore as part of an ongoing money laundering probe against the promoter of a Kolkata-based mobile gaming app firm that is alleged to have duped a number of people.
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Elon Musk Sued for $258 Billion Over Alleged Dogecoin Pyramid Scheme
Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency.
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UAE-Based Emirates Plans on Adding Bitcoin as a Payments Service: Report
One of United Arab Emirates (UAE)’s leading airlines, Emirates Airline, said it has plans to add "Bitcoin as a payment service." The airline is planning to recruit personnel to create applications that monitor client needs.
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New York’s Plans to Shun Non-Green Crypto Miners Triggers Opposition from Fellow Lawmakers
Some US lawmakers are not supporting the idea to hinder crypto mining operations on account of their environmental impacts right away. A bill, asking for a two-year ban on new crypto miners who are contributing to carbon emissions is making the rounds in the New York state of America. Opponents of this proposal have pitched giving crypto miners a c...
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IMF Warns El Salvador to Consider Risks of Bitcoin as Legal Tender
The International Monetary Fund (IMF) has said that considering the risks related to Bitcoin, El Salvador should not promote the use of the cryptocurrency as legal tender.
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Crypto Prices Crash As Centre Plans Bill To Bar Private Cryptocurrencies: 10 Facts
Crypto markets crashed following news of the government introducing a Bill in the Parliament to prohibit all private cryptocurrencies in India, barring a few exceptions to "promote the underlying technology of cryptocurrency and its uses".
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Despite Rollout Hiccups, El Salvador President Says the Country Bought 150 More Bitcoins
Bitcoin is being heavily promoted by El Salvador's President Nayib Bukele after the country adopted the cryptocurrency as legal tender.
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Bitcoin in El Salvador: Chivo Digital Wallet Still Beset by Technical Glitches
For a fourth day in a row, technical glitches have beset the Salvadoran government's bitcoin digital wallet Chivo, a setback that could discourage residents from signing up to the app promoted by President Nayib Bukele.
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Cryptocurrency’s Online Promotions Should Be Governed to Address 'Problematic Content', British Watchdog Says
Britain's Financial Conduct Authority (FCA) called for powers to govern the online promotion of cryptoassets to combat a flood of "problematic content" which it said has no value.
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TikTok Bans Influencers From Promoting Cryptocurrencies Like Bitcoin, Dogecoin, on Its Platform
After the Chinese government's crackdown on cryptocurrency, TikTok has changed its rules to ban investment advice about finance and investments, including cryptocurrency.
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El Salvador Purchases 21 BTC to Commemorate Bitcoin Day Despite IMF Restrictions
El Salvador acquired 21 Bitcoin for the fourth anniversary of its Bitcoin Law, raising reserves to 6,313 coins worth $700 million (approx. Rs. 6,000 crore). Despite IMF restrictions and limited Chivo wallet adoption, the government continues to make daily purchases, promotes Bitcoin education, and implements security measures, drawing criticism for...
-
IMF Says Crypto Industry's Carbon Footprint Rising; Officials Mull Tax Surge to Curb Emissions
IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...
-
6,600 Crores Collected In 'Bitcoin Ponzi Scheme', Woman Arrested In Mumbai
The Enforcement Directorate on Tuesday said it has arrested a woman and seized three luxury cars and some jewellery after recent raids against the promoters of a 'bitcoin ponzi scheme'.
-
UK Unveils Tougher Rules for Crypto Sector, Will Curb Advertising With 'Cooling Off' Periods, Risk Warnings
British consumers buying cryptoassets will get a 24-hour "cooling-off" period for the first time from October under tougher marketing rules unveiled by the financial regulator on Thursday. The Financial Conduct Authority (FCA) said "refer a friend" bonuses for crypto buyers would also be scrapped and that those promoting such assets would have to p...
-
Tejas Shah of Indian Origin Named CEO of Crypto-Focussed New York Digital Investment Group
The New York Digital Investment Group (NYDIG) has named Tejas Shah as the CEO of the crypto-focussed alternate asset management platform. Before joining the NYDIG, Shah had clocked a nearly 20-year long career at Goldman Sachs as a partner. Alongside Shah, Nate Conrad, the former Global Head of Payments at NYDIG has been promoted as the firm’s Pr...
-
Bitcoins Worth Rs 12 Crore Frozen In Kolkata Gaming App Case
The Enforcement Directorate on Wednesday said it has frozen bitcoins worth Rs 12.83 crore as part of an ongoing money laundering probe against the promoter of a Kolkata-based mobile gaming app firm that is alleged to have duped a number of people.
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Elon Musk Sued for $258 Billion Over Alleged Dogecoin Pyramid Scheme
Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency.
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UAE-Based Emirates Plans on Adding Bitcoin as a Payments Service: Report
One of United Arab Emirates (UAE)’s leading airlines, Emirates Airline, said it has plans to add "Bitcoin as a payment service." The airline is planning to recruit personnel to create applications that monitor client needs.
-
New York’s Plans to Shun Non-Green Crypto Miners Triggers Opposition from Fellow Lawmakers
Some US lawmakers are not supporting the idea to hinder crypto mining operations on account of their environmental impacts right away. A bill, asking for a two-year ban on new crypto miners who are contributing to carbon emissions is making the rounds in the New York state of America. Opponents of this proposal have pitched giving crypto miners a c...
-
IMF Warns El Salvador to Consider Risks of Bitcoin as Legal Tender
The International Monetary Fund (IMF) has said that considering the risks related to Bitcoin, El Salvador should not promote the use of the cryptocurrency as legal tender.
-
Crypto Prices Crash As Centre Plans Bill To Bar Private Cryptocurrencies: 10 Facts
Crypto markets crashed following news of the government introducing a Bill in the Parliament to prohibit all private cryptocurrencies in India, barring a few exceptions to "promote the underlying technology of cryptocurrency and its uses".
-
Despite Rollout Hiccups, El Salvador President Says the Country Bought 150 More Bitcoins
Bitcoin is being heavily promoted by El Salvador's President Nayib Bukele after the country adopted the cryptocurrency as legal tender.
-
Bitcoin in El Salvador: Chivo Digital Wallet Still Beset by Technical Glitches
For a fourth day in a row, technical glitches have beset the Salvadoran government's bitcoin digital wallet Chivo, a setback that could discourage residents from signing up to the app promoted by President Nayib Bukele.
-
Cryptocurrency’s Online Promotions Should Be Governed to Address 'Problematic Content', British Watchdog Says
Britain's Financial Conduct Authority (FCA) called for powers to govern the online promotion of cryptoassets to combat a flood of "problematic content" which it said has no value.
-
TikTok Bans Influencers From Promoting Cryptocurrencies Like Bitcoin, Dogecoin, on Its Platform
After the Chinese government's crackdown on cryptocurrency, TikTok has changed its rules to ban investment advice about finance and investments, including cryptocurrency.
