Top News

rbi ban cryptocurrencies

INDIA RBI’s cryptocurrency clampdown

The Reserve Bank of India (RBI), India’s premier Bank on Thursday, finally clamped down on cryptocurrencies. As part of its bi-monthly monetary policy statement, the central bank stated that, with immediate effect, entities regulated by it can no longer deal with or provide services to any individual or businesses dealing with or settling virtual currencies. […]

Austria cryptocurency ico regulations

Austria Planning Cryptocurrency and ICOs Regulations

Austria has joined the list of countries planning to regulate cryptocurrency and will use as a model existing rules for the trading of gold and derivatives. The government’s central concern is curbing the use of cryptocurrencies for money laundering, Bloomberg reports. Likewise, it wishes to extend oversight measures for traditional financial products to crypto assets. […]

petro cryptocurency

Venezuela Raised $735 Million in First Cryptocurrency Sale – Nicolas Maduro

Venezuelan president Nicolas Maduro is claiming that the country has raised $735 million in the first day of a sale for its controversial “petro” cryptocurrency. Announced late Tuesday night, Maduro offered no evidence to back up the claim, though the messaging notably came directly from his official Twitter account. Reuters and the Associated Press said […]

bitcoin price

Bitcoin Price Soars Above $11,600 Amid Strong Korean Demand

Bitcoin Price Soars Above $11,600 Amid Strong Korean Demand Bitcoin’s recovery continues with prices passing $11,600 in the morning’s trading. At the time of writing, the bitcoin global average was at $11,462. Notably, valuations are higher over on data provider CoinMarketCap, where high prices in South Korea seem to be inflating the figures. At press […]

california bill to make blockchain legal

California Bill to Legally Recognize Blockchain Data

California Bill to Legally Recognize Blockchain Data A California lawmaker has introduced a bill that, if passed, would update the state’s electronic records laws to account for blockchain signatures and smart contracts. Assembly Bill 2658, submitted by Assemblymember Ian Calderon last week, expands the definition of electronic records and signatures – contained in the Uniform […]

india bitcoin crackdown

India to Crackdown on Bitcoin, Cryptocurrency Usage

Presenting the country’s budget plan for 2018 today, Indian finance Minister doubled down on refusing to recognize cryptocurrencies like bitcoin as legal tender amid talk of a wider crackdown on their usage. Speaking at the Indian Parliament while presenting the Union Budget 2018-19 today, India’s finance minister Arun Jaitley said: “The Government does not consider […]