4,000 Chinese Bank Accounts Reportedly Frozen Due to Crypto Connections
About 4,000 Chinese bank accounts of over-the-counter cryptocurrency traders were allegedly frozen by law enforcement. Go to Source Powered by WPeMatico
DIGIT
Bitcoin Options Open Interest Rises 50% in a Month to Hit $1.5 Billion
Just over a month since open interest in Bitcoin options hit a record high of $1 billion, the latest figures show that it has increased 50% to break $1.5 billion. Go to Source Powered by WPeMatico
Bitfury to Launch Bitcoin Mining Fund for Institutional Investors in Japan
Bitfury is planning to launch a Bitcoin mining fund in Japan following a rollout of the offering in North America last month. Go to Source Powered by WPeMatico
Bitmain Struggle Continues as Ousted CEO Reportedly Halts ASIC Deliveries
Bitmain’s operations in Shenzhen are reportedly being disrupted as Micree Zhan forbade shipment of mining devices following his recent takeover of the Beijing office. Go to Source Powered by WPeMatico
Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses
A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.S tax collection agency Internal Revenue Service (IRS) as people who trade substantially, regularly and continuously, are allowed a maximum capital … Read more
Ngrave Launches Physical Encrypted Private Key Backup
The crypto security firm has launched officially its new key backup for crypto hardware wallets, Ngrave Graphene. Go to Source Powered by WPeMatico
Investors to File Lawsuit Against CEO of Alleged $17M Cryptocurrency Scam
Investors in an alleged $17 million crypto scam are filing a lawsuit with the Port Elizabeth High Court against the CEO of VaultAge Solutions. Go to Source Powered by WPeMatico
Ghana’s Central Bank Confirms It’s Still Looking to Pilot a Digital Currency
The Bank of Ghana’s first deputy governor says the institution remains committed to piloting a central bank digital currency. Go to Source Powered by WPeMatico
Not With Bitcoin: Rumor ECB Eyeing $500B Debt Quarantine in ‘Bad Bank’
Coronavirus will inflate the EU bad debt mountain, and banks should be shielded, while an official speaks highly of so-called “bad banks.” Go to Source Powered by WPeMatico
India to Expand Darknet Policing Amid ‘Operation Trace’ Arrests
Indian police are collaborating with local research and academic institutions to inform an AI-powered online portal to aid policing initiatives targeting the dark web. Go to Source Powered by WPeMatico
