The government of India reportedly is planning to introduce a new law to ban cryptocurrencies trade. According to Bloomberg, the bill is expected to be discussed by the federal cabinet before it is placed in parliament for approval. Among the people familiar with the development, the belief is that the...
Decentralized finance (DeFi) lending protocol bZx was hacked once again on the 13th Sept and lost over $8 million due to a faulty code in its smart contracts. This is the third time bZx has been attacked this year. In February, the protocol lost about $945,000 in two attacks. The...
KyberSwap, one of the largest non-custodial cryptocurrency exchange is moving out of Malta to the British Virgin Islands. According to an email sent by KyberSwap to its registered users on Thursday, it is making this move in response to the Fifth Anti-Money Laundering Directive (5AMLD), which went into effect on...
While exchanges have always been a popular off-ramp for illicit cryptocurrency, they’ve taken in a steadily growing share since the beginning of 2019. Last year, the U.N. shared a similar view suggesting cryptocurrencies have become a popular choice by criminal organizations and sanction countries alike to bypass sanctions. Now a...
Asset management firm Bitwise, for now, has withdrawn its Bitcoin ETF application. According to a request to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Bitwise said the move to withdraw is “consistent with the public interest and protection of investors.” Bitwise first filed its ETF proposal in January...
United Nations sanction experts are warning people not to attend the upcoming North Korea’s cryptocurrency conference in February 2020. According to Reuters, the confidential report is due to be submitted to the U.N. security council later this month. The report warns that presentations at the conference includes discussion on the...
Blockchain has become the number one in-demand skill. In the latest report by Linkedin, blockchain which companies weren’t even looking at a year ago, now in 2020 tops the list of most in-demand hard skills. “The promise of blockchain — essentially a shared digital ledger — is huge. Advocates see...
In an interview with the News outlet Cheddar, the Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert has said that it is not clear whether XRP is a security or a commodity. The CFTC chairman is working closely with the SEC to really think about “which falls in what box”,...
According to the JPMorgan analysts, Bitcoin’s realistic value remains below the market price suggesting a downside risk. Since the peak of Bitcoin’s price in 2019, the market price has declined by nearly 40% while the intrinsic (realistic) value has risen by around 10%. The gap has not fully closed yet...
Ethereum researcher Virgil Griffith has now been formally accused of assisting and providing blockchain advice to North Korea. Inner City Press reported the news on Jan 8th. Virgil Griffith was arrested on Thanksgiving on federal charges of illegally traveling to North Korea and provide cryptocurrency advice. He was first denied...
