Bitcoin

India Freezes Bitcoin At Binance Amidst Wazirx Investigation

India Freezes Bitcoin At Binance Amidst Wazirx Investigation

According to the Enforcement Directorate (ED) in India, it has frozen a total of 77.6 bitcoins that were transferred from Wazirx, the Indian crypto exchange, to Binance. This freeze is part of the ED’s investigation of a mobile gaming application in regard to money laundering issues. Frozen bitcoin The announcement was made by the Directorate of Enforcement (ED) in India on Wednesday about freezing a total of 77.62710139 bitcoins under the Prevention of Money Laundering Act (PMLA) in the country. The ED is India’s economic intelligence and law enforcement agency of the Indian government. The freeze was imposed because of…
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More Trouble For Grayscale Investors As It Drops To All-Time Low

More Trouble For Grayscale Investors As It Drops To All-Time Low

It appears that Grayscale Bitcoin Trust (GBTC) has not managed to hit a bottom yet because last Friday saw the shares of the biggest Bitcoin fund in its history shed 35.18%. With shares of GBTC, investors are able to trade shares of trust that have accumulated bitcoin and every share tracks the price of the world’s top cryptocurrency. The aim is to provide traditional investors with crypto exposure without them having to actually buy and hold bitcoin on their own. The GBTC Since the trust was launched back in September 2013, it has been traded at a high premium historically…
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Crypto Is Losing Demand As A Payment Method, Claims JPMorgan

Crypto Is Losing Demand As A Payment Method, Claims JPMorgan

JPMorgan has recently made a statement claiming that the demand for cryptocurrencies has been falling as a payment method/tool. Crypto Losing Traction as a Payment Method The investment division of JPMorgan, one of the largest payments entities in the entire world has made a claim about cryptocurrencies. Takis Georgakopoulos from the investment banking division of JPMorgan has claimed that they are seeing a constant demise in demand for cryptocurrencies as a payment method. It was during an interview that Georgakopoulos made the claim suggesting that the cryptocurrencies no longer have the same popularity they had until late 2021. Statement by…
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Federal Police Of Brazil Has Launched An Operation Against Money Laundering Operations

Federal Police Of Brazil Has Launched An Operation Against Money Laundering Operations

The Federal Police of Brazil made an announcement on September 22nd in regard to launching an operation against money laundering activities. The Brazilian Police will not be carrying out the operation on its own as it will be supported by the tax authority of Brazil. Operation Colossus The authorities have announced that they have just launched the final stage of their operation against the money laundering activities involving cryptocurrencies. The particular project they had been working on for years has been dubbed “Operation Colossus”. As the authorities now claim they are close to shutting the case for good, they have…
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Israeli Regulator Grants License To Digital Asset Exchange Platform

Israeli Regulator Grants License To Digital Asset Exchange Platform

The ISACA (Insurance & Savings Capital Market Authority), which is the capital markets regulator in Israel, recently granted a license to Bits of Gold. The company received a license to operate as a crypto services provider, which is the first of its kind to be issued in the country. With this license, the company will be able to offer crypto custodian services and will also be responsible for the safekeeping of funds that are deposited by its retail clients. Law amendment The fact that the ISACA has granted this license to Bits of Gold is a first in Israel because…
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Binance Founder Announces Office In Romania As Part Of Expansion

Binance Founder Announces Office In Romania As Part Of Expansion

The chief executive and founder of crypto exchange Binance, Changpeng (CZ) Zhao, recently announced that the exchange will be opening an office in Romania. The CEO visited the country and had a meeting with some of the high-ranking officials in Romania. He emphasized the intentions of the crypto exchange in expanding its operations in Eastern Europe. Romania office The largest crypto exchange in the world because of its trading volume, Binance will now be setting up a local office in Romania. The CEO made the announcement while he was staying in Bucharest, as part of his tour of the region.…
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Nasdaq Launches Crypto Unit Amidst Increased Demand

Nasdaq Launches Crypto Unit Amidst Increased Demand

According to Nasdaq, an increase in demand has been recorded for digital assets amongst institutional investors due to which it has launched ‘Nasdaq Digital Assets’. The new crypto unit will initially provide institutional investors with custody solutions for both ether and bitcoin. Crypto unit The second largest stock exchange in the world, Nasdaq made an announcement on Tuesday about launching a new unit that has been named Nasdaq Digital Assets. The name makes it apparent what market it will focus on and the announcement said that an institutional-grade custody solution will be introduced under the new unit. It said that…
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Better Business Bureau Warns Of Tiktok Crypto Investment Scams

Better Business Bureau Warns Of Tiktok Crypto Investment Scams

The Better Business Bureau (BBB) recently issued a warning about cryptocurrency scams happening on Tiktok. The BBB said that many people were coming across videos on Tiktok showing a pile of cash and they are informed by the creator that they were able to make it in just a couple of days via crypto investments. BBB’s warning On Friday, the BBB warned that the popular video-hosting website, Tiktok, was being increasingly used for running crypto scams. The Better Business Bureau was established in 1912 and is a nonprofit private organization that assists people in finding brands, businesses, and charities they…
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