Due to uncertainty in Brazilian crypto regulations, the XDEX cryptocurrency exchange shut down its business. Its customers were asked to withdraw all funds in the exchanges within 30 days as the company closes down its trading positions. Whatever was left in the platform after this period would be sold and deposited for the fiat equivalent …
The US charged the Venezuelan President Nicolas Maduro for tapping into cryptocurrency for narco-terrorism. Maduro, alongside 14 other senior Venezuelan officials, allegedly used crypto to wreak havoc on American communities for an alleged multibillion-dollar cocaine trafficking ring for 20 years. According to Attorney General William Barr, Maduro flooded the US with cocaine and used drugs …
Venezuelan President Charged for Crypto Narco-Terrorism Read More »
The Federal Reserve plans to save its unbanked against the novel coronavirus. Because of this, US politicians are now considering the use of “crypto dollars” as a currency amid the COVID-19 economy. According to the House Financial Services Committee Chairwoman Maxine Waters, a legislative text called financial institutions to provide digital wallets. These wallets will …
The Federal Bureau of Investigation found two Canadian nationals stealing Bitcoin from victims seeking customer service. Karanjit Singh Khatkar and Jagroop Singh Khatkar will face 2 years in prison for fraudulently posing as Hong Kong-based crypto exchange HitBTC staff to handing over Bitcoins over multiple platforms. The pair used a Twitter account with the handle …
The top cryptocurrency by market value dived into a 25 percent drop on a daily basis yesterday, reaching as low as $5,678. The figure was at the lowest level since May 2019. Prices rebounded quickly to over $6,550, but it still shouldn’t undermine the loss. Bitcoin (BTC) is usually dubbed as one of the safest …
In the midst of plummeting value in both oil and stock markets, Middle Easterners are turning to digital currencies for safety. The sudden oil price war between Saudi Arabia and Russia battered public confidence for these assets, experts believe that now is the best time to expand digital portfolios in the region. Digital assets’ accessibility, …
Middle Easterners, Recommended the Use of Digital currency Read More »
The plot thickens between the US and Iran’s cryptocurrency sanctions. Commander of the Islamic Revolutionary Gard Corps’ Sepah Saeed Muhammad wants Iran to look into cryptocurrencies and blockchain options. Muhammad and the Army of Guardians of the Islamic Revolution want to bolster international investment despite heavy sanctions against Iran. The creation of a more sophisticated …
After briefly touching $10,008 earlier today, Bitcoin (BTC) stepped back to $9,620 two hours later. The crypto has now failed to meet the same mark twice today as US trading rejects it at around $9,850. Optimism for the bulls fell short after the high volumes generated last weekend since it pushed to $9,650 on Friday. …
Bitcoin Brushes Against $10,000 Before Sinking Back Read More »
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