The Indian Inter-Ministerial Committee (IMC) on Virtual Currencies has completed its report on the crypto asset space and its implications for India, and it’s prepared to go before the Supreme Court with its findings tomorrow, Bitcoin Magazine has learned. Among other recommendations, the report calls for the ban of “private cryptocurrencies.” On July 18, 2019,…
After much deliberation, the Economic Commission of the Islamic Republic of Iran has officially submitted restrictions on energy costs for crypto miners in the country. Cryptocurrency has been a particularly hot-button issue in Iran over the past several months, as it represents a borderless, accessible currency that is not subject to international sanctions against the…
Sweden-based cryptocurrency exchange QuickBit has confirmed an alleged data leak of customer records in an update to its blog. According to the exchange, an outside contractor left customer data unprotected while carrying out a security upgrade on QuickBit’s servers. This negligent behavior affected roughly 2 percent of the exchange’s customers, the post explains. “QuickBit has…
South Korea has been hit with approximately $2.28 billion (2.69 trillion won) in financial damage due to cryptocurrency-related crimes within the last two years, according to a report from The Korea Herald. According to the report, the country’s justice ministry has indicted and detained 132 suspects believed to be involved in one form of crypto…
Nearly three-quarters of U.K.-based crypto businesses have been forced to bank abroad due to the difficulty in opening a bank account locally, according to a survey conducted by CryptoUK, a self-regulatory trade body representing the domestic crypto asset industry. The organization, which carried out a survey of more than 40 leading companies in the crypto…
The $182 million effort to bring physically delivered bitcoin futures to Wall Street has officially entered testing. Bakkt, an affiliate of the New York Stock Exchange (NYSE) parent company Intercontinental Exchange (ICE), soft launched today, July 22, 2019, to give select clients a chance to test its forthcoming bitcoin futures contracts. The first of its…
Summary: Following a strong shakeout, bitcoin saw a confident round of buying yesterday and the market gained around 10 percent in one 15-minute candle. The rally following the shakeout came about on high spread and high volume — exactly what we wanted to see as this represented a reclaiming of our market’s macro trading range…
What is it about money that brings out the worst in people? Although the 2018 bear market sent many scammers back into their hiding holes, the recent bitcoin price boom has provided an opportunity for unscrupulous and unethical individuals to con unsuspecting people of their savings. And they have. It’s no secret that Africa is…
LibertyX has announced the addition of 90 bitcoin ATMs in Nevada and Arizona thanks to a partnership with DesertATM that added its machines to LibertyX’s growing network. The company also revealed that it now operates over 1,000 bitcoin ATMs nationwide. Through the machines, LibertyX allows customers to purchase bitcoin with cash or debit cards at…
Anurag Singh Thakur, an Indian member of parliament and the country’s minister of state for finance and corporate affairs, has gone on record to state that the government has not banned crypto assets in any capacity. India’s Recent Stances on a Cryptocurrency Ban For the past several months, the crypto asset space in the Republic…