Bitcoin

CFTC Gears Up For Oversight Of Crypto Market

CFTC Gears Up For Oversight Of Crypto Market

Should the Digital Commodities Consumer Protection Act be passed as a law, it would give ‘full oversight capabilities’ to the Commodity Futures Trading Commission (CFTC) in the US. The regulatory authority has shared its plans of regulating the crypto market with Congress and it claims to have the right expertise and experience and believes that many digital assets are classified as commodities. However, Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), has stated that most of the crypto tokens in the market are actually securities. The hearing On Thursday, a legislative hearing was conducted by the US…
Read More
ECB Selects Companies Including Amazon For Digital Euro Development

ECB Selects Companies Including Amazon For Digital Euro Development

Five companies have been chosen by the European Central Bank (ECB) for helping it in developing the user interfaces required for a digital euro. Every company will collaborate with the ECB and they would remain focused on one specific use case of the central bank digital currency (CBDC). One of the companies that have been selected to be part of the project includes Amazon.com Inc., which will be focused on e-commerce payments. Collaboration The announcement from the European Central Bank (ECB) was made on Friday about its decision to collaborate with five companies on the digital euro project. The goal…
Read More
Head Trader Of Global Crypto Ponzi Scheme Pleads Guilty In The US

Head Trader Of Global Crypto Ponzi Scheme Pleads Guilty In The US

The US Department of Justice (DOJ) recently disclosed that the head of a global crypto investment fraud scheme of around $100 million has pleaded guilty. They could now be facing five years of prison time because of the charges against them. The DOJ stated that they had misappropriated huge sums of money taken from investors. They had been used for shopping at Tiffany & Co., leasing a Lamborghini, making payments on a second home and plenty more activities. Guilty plea On Thursday, the Department of Justice (DOJ) revealed that Joshua David Nicholas had pled guilty for the role of ‘head…
Read More
Bank Of Bahrain Shows Interest In Bitcoin Asking Opennode To Provide Infrastructure For BTC Payments

Bank Of Bahrain Shows Interest In Bitcoin Asking Opennode To Provide Infrastructure For BTC Payments

Despite the downfall, the adoption level for cryptocurrencies, and especially Bitcoin is showing no signs of stopping. The adoption that began from an individual level has moved up to a level where even the mainstream and financial institutions are aiming to adopt Bitcoin. OpenNode to Help Central Bank of Bahrain (CBB) OpenNode, a major provider of Bitcoin infrastructure has announced that the Central Bank of Bahrain Is their new client for launching a BTC payment processing platform. For this purpose, OpenNode would set up a testing environment as the initial phase. The particular payment processor would be run through the…
Read More
Russia’s Rostec To Test Digital Asset Payments In Foreign Trade

Russia’s Rostec To Test Digital Asset Payments In Foreign Trade

Rostec is recognized as one of the top tech companies in Russia and it is now working on a project that involves the integration digital assets to make payments in cross-border trades. According to the state-owned corporation, there is a demand for the use of crypto for making international payments because it would help reduce pressure on Russian importers and exporters brought on by Western sanctions. Sanctions The biggest technology and industrial conglomerate in Russia is gearing up for a new project aimed at integrating cryptocurrencies to conduct cross-border transactions. The primary task for Rostec would be to minimize the…
Read More
Canadian Crypto Exchange Sues Users For Misappropriated Bitcoin

Canadian Crypto Exchange Sues Users For Misappropriated Bitcoin

Coinberry, the Canadian crypto exchange, which is part of Wonderfi of Kevin O’Leary, has filed a lawsuit against 50 of its clients. The suit was filed for getting back the bitcoin that the customers had received due to a glitch in the exchange’s software. The lawsuit stated that Coinberry had gotten in touch with all 546 registered users who had been affected via email and it had demanded that these people return the misappropriated bitcoins. The lawsuit The crypto exchange decided to sue its clients who benefitted from the software glitch and had gotten the bitcoin without paying for it.…
Read More
Judge Rules In Apple’s Favor In Crypto Wallet App Lawsuit

Judge Rules In Apple’s Favor In Crypto Wallet App Lawsuit

A ruling from a federal judge in California dictates that Apple Inc. is not liable in the class action lawsuit that was filed over ‘Toast Plus’. This involves a fake crypto wallet app that had been listed in the Apple App Store. The tech giant had been sued by the customer after they downloaded the fraudulent app and suffered from crypto losses. The ruling Hailing from the US District Court in Northern California, Judge Phyllis J. Hamilton said that the iPhone maker is not liable in a class action lawsuit over a fraudulent crypto wallet app in its app store.…
Read More
Mining Sector Continues To Grow As Cleanspark Has Acquired A Mining Facility

Mining Sector Continues To Grow As Cleanspark Has Acquired A Mining Facility

CleanSpark has announced that it has recently signed an agreement with Mawson’s Bitcoin mining facility. The cryptocurrency mining firm has announced that the deal they have agreed upon is worth multi-millions. CleanSpark’s $30 Million Deal CleanSpark officials have confirmed that they have formed a $30 million agreement with Mawson’s Bitcoin mining facility. The particular facility is based in Sandersville, Georgia. For CleanSpark, the significance of the deal is to increase their hash rate for mining cryptocurrencies. As the year 2022 began, the cryptocurrency sector has been experiencing the worst time ever. The valuation of the cryptocurrency market has lost more…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.