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India Unveils National Blockchain Strategy, Calling on RBI to Issue Digital Currency
29.1.2020
India’s National Strategy on Blockchain has been published. It recommends, among other things, for the Reserve Bank of India (RBI) to issue a central bank digital currency. The Ministry of Electronics and Information Technology tasked the National Institute for Smart Government with drafting...
OneCoin Crypto Ponzi Scheme Used Fake Reviews to Improve Its Image
29.1.2020
When bad press surrounding the scam started circulating, Onecoin used fake positive reviews TrustPilot and Quora to try to protect its public image
Crypto Ponzi OneCoin May Have Used Flood of Fake Reviews to Boost Ailing Image
29.1.2020
The OneCoin cryptocurrency project – accused by authorities of being a ponzi scheme – attempted to boost its fortunes by using "inauthentic" accounts to place favorable reviews on TrustPilot and Quora, according to new research
Deutsche Bank Report: Digital Yuan Could Upset Global Power Balance, Plastic Will Die, Cash Survive
29.1.2020
A new report from Deutsche Bank Research, Digital Currencies: the Ultimate Hard Power Tool, predicts that cash payments will remain for decades, but the emergence of digital payments “will lead to the death of the plastic card.” The report, which is the third installment in a series...
CoinDCX CEO Sumit Gupta Reflects on Crypto Ban in India
29.1.2020
The RBI vs. Crypto hearings at the Supreme Court of India drew to an end after heated arguments and a judgment is anticipated to be declared soon. Ashim Sood, counsel for IAMAI, and Nakul Dewan, counsel representing crypto exchanges CoinDCX, Koinex, Throughbit, and CoinDelta, presented a strong...
Singapore Introduces Licensing for Crypto Platforms, New Payment Services Now Act in Force
29.1.2020
The Monetary Authority of Singapore (MAS) has announced the commencement of the city-state’s new Payment Services Act. The law mandates the implementation of a licensing regime that applies to payment providers, exchanges and other platforms dealing with cryptocurrencies. Their operators...
Crypto-Related Deposits Drop by Half at Metropolitan Commercial Bank
28.1.2020
Metropolitan Commercial Bank’s deposits from crypto firms have steadily declined, a sign of heightened competition in a field where the bank was once one of the only games in town
Montana Crypto Mine Back in Action Despite Owner's Uncertain Legal Fate
28.1.2020
Montana-based crypto mine CryptoWatt is running once again after significant downtime associated with its previous owner, an alleged fraudster
Narrative Watch: The Future of Crypto FUD
28.1.2020
When markets get hot, new FUD emerges. @nlw looks at three categories of FUD most likely to come up in the next bull market
Three High Profile Crypto Networks Face Reward Halvings This Spring
28.1.2020
This spring, three of the largest crypto networks, BTC, BCH, and BSV, will undergo their halvings around the same time for the first time in history. During the last halving in 2016, only one network existed, but now three protocols share the same consensus algorithm. Google Trends shows that...
MARKETS DAILY: Crypto News Roundup for Jan. 28, 2020
28.1.2020
Bitcoin rallied to near $9,150 as stocks dropped over Coronavirus fears, plus IBM's new "Self-Aware Token" approach
International Crypto Exchange Liquid Develops Perpetual BTC Contracts With Up to 100x Leverage
28.1.2020
Leverage allows cryptocurrency traders unsatisfied with market volatility to make stronger plays on smaller movements. Trading platforms offer various ways to use leverage in order to capture this segment. The latest example is Liquid, an exchange that developed perpetual BTC contracts with up...
New Law May Kill Smaller South Korean Crypto Exchanges + More News
28.1.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Smaller South Korean exchanges could be forced to close if the government pushes ahead with plans to impose tighter...
UK High Court Orders Freeze on $1M of Bitcoin in Ransomware Case
28.1.2020
A UK court has ordered to freeze over $1 million in Bitcoin from a Canadian insurance firm in a ransomware attack
Hearing Concluded: Indian Supreme Court Deliberates on Crypto vs RBI Case
28.1.2020
The Indian supreme court has finished hearing the crypto vs. Reserve Bank of India (RBI) case. The hearing concluded on Tuesday with the counsel for the Internet and Mobile Association of India wrapping up his arguments, followed by arguments by the counsel representing crypto exchanges. The court...
Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA
28.1.2020
Switzerland, a nation that’s been quite positive towards crypto business, is facilitating the integration between its traditional financial sector and the blockchain industry. With greater regulatory clarity and stability coming, established banks are plucking up the courage to offer digital...
ANALYSIS: RBI vs. Crypto Hearings End; Verdict Pending
28.1.2020
As the long and intense legal battle between RBI and Crypto comes to an end, both sides have presented their arguments and await a judgment as to whether RBI’s directive banning banks from dealing with cryptocurrencies was warranted and valid. Counsel for IAMAI, Ashim Sood, has made a strong case...
RBI vs. Crypto: Supreme Court of India – January 28, 2020
28.1.2020
IAMAI’s public interest litigation to freely allow crypto activity in India has gained much traction amongst the crypto community. Last week, we saw counsel for RBI, Mr Shyam Dewan and counsel for IAMAI, Mr Ashim Sood, present their cases to a panel of three judges. While Dewan defended RBI’s...
Singapore Announces New AML Rules for Crypto Businesses
28.1.2020
Singapore’s newly-enacted Payment Services Act brings so-called Digital Payment Token (DPT) services under current anti-money laundering (AML) and counter-terrorist-financing (CTF) rules
Localcryptos Lets You Cash Out BTC P2P – Minus the KYC
28.1.2020
If you’ve ever had a sudden need for fiat while all in crypto, you’ll understand the difficulty of cashing out without KYC-ing away your identity and that of your unborn children. Localbitcoins is now an AML hellhole, Bisq is great if you’re happy to wait two days for a trade...