Indian Bank Forcing Customers to Agree to Anti-Cryptocurrency Policy

An Indian bank is reportedly forcing customers to agree that they “will not deal with any transactions related to cryptocurrency including bitcoins” when signing up for an account. In addition, there are reports of banks blocking accounts of their existing customers if they are found to have made crypto-related transactions. Account Opening Agreement Amid banking restrictions imposed by India’s central […]

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Ledger Unveils Bluetooth-Enabled Hardware Wallet

Hardware wallet manufacturer Ledger has unveiled its newest cryptocurrency wallet. The Ledger Nano X is Bluetooth-enabled and can hold up to 100 different cryptocurrencies at a time. A mobile app is also being launched for both iOS and Android to pair the device to smartphones. Newest Ledger Wallet Ledger unveiled its new cryptocurrency hardware wallet on Sunday at the annual […]

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Number of Chinese Crypto Lawsuits Doubles in 2018?

According to China Judgements Online, a database of Chinese court documents, half of all lawsuits pertaining to cryptocurrencies were filed last year, highlighting an increase in fraudulent activity despite China’s regulatory crackdown. The database indicates that at least 202 cryptocurrency scams were promoted via more than 3,000 different platforms. Also Read: Indian Central Bank’s Report Shows Cryptocurrencies Are Not Currently a […]

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Indian Central Bank's Report Shows Cryptocurrencies Are Not Currently a Threat

The Reserve Bank of India (RBI) has published a report indicating that cryptocurrencies are not a threat currently. However, the central bank says, with rapid growth and adoption of cryptocurrencies, this assessment could change, adding that constant monitoring of cryptocurrencies is needed. No Threat Currently The RBI published its “Report on Trend and Progress of Banking in India 2017-18” on […]

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Report: India Evaluating Cryptocurrency Legalization Under Strong Regulation

The committee charged with providing recommendations for the regulatory framework surrounding cryptocurrencies in India is reportedly evaluating the legalization of the asset class under strong regulation. According to a recent report, “There is a general consensus that cryptocurrency cannot be dismissed as completely illegal.” Legalizing With Strong Riders An article published by the New Indian Express on Wednesday claims that […]

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Maduro Orders Price of Venezuela's 'Cryptocurrency' to More Than Double

Venezuela’s President Nicolas Maduro has announced that the price of the petro, his country’s national “cryptocurrency,” has been increased from 3,600 sovereign bolivars to 9,000. While the wallet for the petro is still unavailable, the Venezuelan government continues to sell the digital currency and issue certificates of purchase to buyers. Price Hike for Petro Maduro announced on state television on […]

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Estonia to Tighten Rules for Licensed Crypto Companies

Estonia, one of Europe’s most crypto-friendly nations, plans to tighten its licensing regime for cryptocurrency companies. The financial authorities in Tallinn want to introduce stricter regulations for fintech businesses registered in the Baltic country.   Also read: Binance Terminates Services for Users in Belarus Regulators to Increase Oversight The Financial Intelligence Unit, the Estonian regulator issuing the licenses, has made […]

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Canaan Creative Announces New Avalonminer A911 Mining Rig

Canaan Creative, the world’s second largest manufacturer of cryptocurrency mining hardware, has announced a new mining rig, the Avalonminer A911, alongside plans to develop a mining heater and portable miner. The company has also purportedly expressed its intention of developing a 5nm mining chip. Also Read: Research: 1 of 5 New Hedge Funds in 2018 Is a Crypto Fund Canaan Creative […]

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Regulations Roundup: Industry Leaders Want Clarity, Alliance Capitals Earns FINMA Warning

In recent news pertaining to cryptocurrency regulations, industry leaders have urged U.S. lawmakers to provide regulatory clarity or risk a crypto firm exodus, a Greek representative to the European Parliament has advocated for a lightweight cryptocurrency apparatus to avoid stifling innovation across the distributed ledger technologies industries, and the Swiss Financial Market Supervisory Authority has issued a warning regarding purported […]

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