India’s ICICI Bank warns remittance users to steer away from Bitcoin
The bank has also asked users to not any invest fiat currency that may have links to previous cryptocurrency investments. Go to Source Powered by WPeMatico
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Banning cryptocurrencies to counter crime is a nonsensical excuse
Cryptocurrencies represent far less of a market for criminals compared to traditional finance, so crypto bans won’t solve the problem. Go to Source Powered by WPeMatico
Data shows derivatives had little to do with Bitcoin’s drop to $29K
Bitcoin price shocked investors as it plunged 20% to a 6-month low, but data shows derivatives played a marginal role in the correction. Go to Source Powered by WPeMatico
Chinese Bitcoin miners ‘not even in the mood to drink anymore’
Many Bitcoin miners in China are down with the blues as Beijing forces several operations to go offline. Go to Source Powered by WPeMatico
China’s crackdown means Bitcoin is working, says crypto miner
A former crypto exchange engineer believes that China’s ban on Bitcoin mining is “fantastic news.” Go to Source Powered by WPeMatico
Data shows Bitcoin bears dominate Friday’s $2.5B BTC options expiry
Bears have a potential $450 million lead if Bitcoin fails to hold $32,000 until June 25. Go to Source Powered by WPeMatico
Iran government reportedly bans local blockchain association
A crypto warning list is the main cause of the ban, according to the head of the Iran Blockchain Community. Go to Source Powered by WPeMatico
TSB Bank Plans to Ban Cryptocurrency Purchases Due to Increasing Fraud Numbers: Report
TSB, a British bank, is planning to ban cryptocurrency purchases due to fraud concerns. The company reported an alarming number of fraudulent transactions on cryptocurrency purchases. Reportedly, transactions involving Binance, the cryptocurrency exchange behemoth, are involved in two-thirds of these fraud reports. A Binance representative denies these claims and said the exchange deals with complaints … Read more
Tehran Government Bans Iran Blockchain Association
The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA). The measure comes after the organization allegedly breached government regulations. IBA unites participants in the country’s growing crypto sector who are engaged in blockchain technology development. Iranian Authorities to Review IBA Dealings With Crypto Exchanges The Iranian government has moved … Read more
Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining
Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over 300 Mining Rigs Cut Off From Electricity Supply in Abkhazia … Read more