In a significant development U.S.-headquartered digital currency exchange CrossTower has set up a local unit in India and has launched a trading platform to increase its traction in the burgeoning domestic crypto market. The development comes at a time when the fate of cryptocurrency is still unclear in India. CrossTower India has hired 35 people…
In a statement, Mexican billionaire Ricardo Salinas Pliego said, his banking business may begin using bitcoin, becoming the country’s first bank to start accepting the digital currency. Salinas, who is ranked as Mexico’s third richest man with a family fortune estimated at $15.8 billion by Forbes, is the owner of the large Banco Azteca banking…
In a development that sees Bitcoin gaining increasing traction in the financial world, El Salvador’s President Nayib Bukele announced during a national address that the country has passed a bill making bitcoin legal tender with effect from September 7 2021; use of the cryptocurrency will be optional. The country’s Congress has already approved Bukele’s proposal…
In a statement FBI Director Chris Wray has asked US companies and other victims of hacking to not pay ransom since it will only embolden and incentivize them for future attacks. “In general, we would discourage paying the ransom because it encourages more of these attacks, and frankly, there is no guarantee whatsoever that you…
In a tweet, Elon Musk, Tesla Inc’s CEO said, the electric carmarker will accept bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” said Musk in a tweet. Following Musk’s tweet, the…
The large majority of cryptocurrency firms are not meeting Britain’s anti-money laundering and financing rules, said the country’s financial watchdog warning that an unprecedented number of them have withdrawn applications to register with it. In a statement, the Financial Conduct Authority (FCA) said, it would extend the date of its temporary registrations regime from July…
For the first time this week on Wednesday, the price of Bitcoin clawed back to above $40,000 with volatility in the cryptocurrency market showing few signs of dampening. The price of Bitcoin jumped by 6.5% to $40,904. Prices of smaller crypto-currencies, which tend to rise and fall in line with the largest cryptocurrency, also climbed…
In a development that marks China’s latest attempt to clamp down on speculative trading of cryptocurrency, Beijing has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, warning investors against speculative crypto trading. Under the ban, institutions including banks and online payments channels are disallowed to offer clients any services involving…
In a statement, Elon Musk’s SpaceX said, it will launch the “DOGE-1 Mission to the Moon” in the first quarter of 2022, and accept meme inspired cryptocurrency dogecoin as payment. “SpaceX launching satellite Doge-1 to the moon next year – Mission paid for in Doge – 1st crypto in space – 1st meme in space”,…
On Monday, cryptocurrency Ethereum hit a record high of $3,017 extending last week’s rally which came in the wake of a report that the European Investment Bank (EIB) could launch a digital bond sale on the ethereum blockchain network. The price of Ether rose by 2% on the Bitstamp exchange to hit this milestone. It…
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