Auto Added by WPeMatico
Despite the Indian supreme court quashing the central bank’s ban on crypto, some major banks, including HDFC and Indusind Bank, are still arbitrarily declining to process crypto transactions. Banks say they are waiting for instructions to lift the ban from the Reserve Bank of India (RBI). Also read: Bitcoin Legal in India — Exchanges Resume […]
The post Some Indian Banks Ignore Supreme Court Verdict on Cryptocurrency, RBI Urged to Rectify appeared first on Bitcoin News.
Powered by WPeMatico
Prior to the market carnage on March 12, the Grayscale Bitcoin Trust (GBTC) had acquired over 300,000 BTC. Grayscale’s trust has been one of the longest-running FINRA approved investment vehicles with bitcoin assets under management. On Feb. 5, GBTC shares climbed more than 10% that week and investors were also paying a 20-30% premium. Since […]
The post With $1.5 Billion Under Management Grayscale Bitcoin Trust Slides 30% appeared first on Bitcoin News.
Powered by WPeMatico
Digital currency markets have been consolidating since Thursday’s massive price drop after more than $90 billion was erased from the cryptoconomy. Crypto markets saw some brief gains on Friday but prices have been meandering just above current support levels. At the moment, traders and crypto proponents face uncertainty amidst the ongoing coronavirus scare and economic […]
The post Market Update: Cryptocurrency Market Cap Sheds $90B, Margin Calls Spike, Futures Slide appeared first on Bitcoin News.
Powered by WPeMatico
Following three consecutive days of losses shedding $50 billion off the cryptoconomy, digital currency markets lost another $44 billion in a matter of hours on March 12. Not only did ‘Black Thursday’ wreck traditional markets, but gold and bitcoin felt the brunt as well. Amidst the sell-off, the whistleblower Edward Snowden said that he “felt […]
The post Edward Snowden ‘Felt Like Buying Bitcoin’ While Traders Hunt for the Market Bottom appeared first on Bitcoin News.
Powered by WPeMatico
Some members of the Libra Association are now backing a rival project called Celo, which has its own blockchain and cryptocurrency. Over 50 major companies have pledged their support, each pursuing a diverse set of use cases. The project claims that the combined reach of all members exceeds 400 million people. Also read: Bitcoin Legal […]
The post 50 Companies Back New Cryptocurrency Project Competing With Facebook’s Libra appeared first on Bitcoin News.
Powered by WPeMatico
Cryptocurrency markets are feeling a lot of pressure on Thursday, March 12, as the entire cryptoconomy has lost over $50 billion during the last three days. Digital asset prices dropped to the lowest levels since May 2019. Moreover, on five derivatives exchanges, more than $2.2 billion leveraged positions were liquidated in the last 24 hours. […]
The post Market Update: Global Economy Jolts Bitcoin, Overall Crypto Cap Loses $50B appeared first on Bitcoin News.
Powered by WPeMatico
A new court filing from the Kleiman v. Wright lawsuit shows that Judge Bruce Reinhart has overruled a number of Craig Wright’s recent objections and he has ordered Wright to amend his testimony by Thursday. Moreover, Reinhart noted that Wright’s “protestations of undue burden ring hollow” and the defendant “produced forged documents in this litigation.” […]
The post Judge Gives Craig Wright New Deadline – Citing Forgery, Perjured Testimony in Court appeared first on Bitcoin News.
Powered by WPeMatico
India has become increasingly attractive to new crypto businesses and investors from all over the world now that the supreme court has lifted the banking ban. Some companies are expanding operations into the Indian market while others are investing in the country’s crypto ecosystem. Also read: Bitcoin Legal in India — Exchanges Resume INR Banking […]
The post Global Investments Into Indian Crypto Sector Surge After Supreme Court Lifts Ban appeared first on Bitcoin News.
Powered by WPeMatico
A U.S. congressman from Arizona has introduced the Cryptocurrency Act of 2020 while under coronavirus quarantine. The bill clarifies which federal agencies regulate which type of crypto assets. “It’s crucial that America remains the global leader in cryptocurrency,” the lawmaker said. Also read: Bitcoin Legal in India — Exchanges Resume INR Banking Service After Supreme […]
The post US Lawmaker Introduces Crypto-Currency Act of 2020 While Under Coronavirus Quarantine appeared first on Bitcoin News.
Powered by WPeMatico
A few blockchain surveillance companies like Cyphertrace have recently published reports on criminal activities tied to bitcoin usage and the studies mentioned the topic of “virgin bitcoins.” According to industry executives, freshly minted bitcoins with no transaction history can sell for a 10-20% premium compared to coins sold on the open market. Even though the […]
The post Industry Execs Claim Freshly Minted ‘Virgin Bitcoins’ Fetch 20% Premium appeared first on Bitcoin News.
Powered by WPeMatico