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U.S. SEC charges BitConnect founder with $2 billion cryptocurrency fraud
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U.S. Securities and Exchange Commission charged BitConnect founder Satish Kumbhani, an Indian citizen, with lying about BitConnect's ability to generate profits, and violating registration laws meant to protect investors.
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Robinhood is facing a corporate backlash against its free stock program and regulators are circling
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Regulators are looking into Robinhood's practice of offering new users free shares, according to the Wall Street Journal.
In August, the NYSE adopted a rule stopping brokers from seeking compensation for documentation costs when shares are given away for free, though this does not directly apply to Nasdaq-listed Robinhood.
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Hackers raided a Japanese crypto exchange and seized up to $74 million in assets, report says
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Liquid, a Japanese crypto exchange, said on Twitter that it had been hacked.
As much as $74 million in crypto assets were stolen, a report said.
This is the latest in a string of crypto hacks and crimes, which have become more and more common.
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Crypto traders want payback after losing millions to Binance glitches
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After months of organizing and consulting with legal experts, the group has settled on the unusual strategy, announced Thursday, to pursue international arbitration, a form of cross-border dispute resolution typically used by multinational companies, to hold a largely unregulated, borderless company with no headquarters to account.
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Twitter and Square CEO Jack Dorsey says he is 'trying' bitcoin mining
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Now, the billionaire CEO is mining it, too. "I'm trying mining with @compass_mining," Dorsey tweeted on Tuesday.
Compass Mining is a service that hosts, supplies and operates cryptocurrency mining rigs for individual miners who do not want to worry about purchasing and maintaining mining equipment themselves.
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Global Showroom
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Personalized
Whiskey Glasses
Black
Set of 2.
1299.00 INR
Mumbai, India
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Wedding Necklace
Contact Seller for Price. INR
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Silk Tie
1199.00 INR
New Delhi, India
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Buy & Sell Online.
Free of Cost.
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This map shows where cryptocurrency is taking off around the world
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Global crypto adoption has taken off in the last year, up 881%, with Vietnam, India and Pakistan firmly in the lead, according to new data from Chainalysis.
It is the second year the blockchain data firm has released its Global Crypto Adoption Index, which ranks 154 countries according to metrics such as peer-to-peer exchange trading volume.
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An Eduardo Saverin-backed exchange just became India's first crypto unicorn amid surging interest
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CoinDCX, India's biggest crypto exchange, announced on Tuesday a fresh valuation of $1.1 billion as crypto has grown parabolically in the country, according to a Bloomberg report.
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JPMorgan Becomes The First Big Bank To Give Retail Clients Access To Bitcoin
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JPMorgan just became the first U.S. big bank to give retail clients access to Bitcoin exposure, effective July 19, reported Business Insider. Contrary to other prominent banks, JPMorgan will reportedly not limit access to only ultrawealthy clients.
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Bitcoin About-Face: JPMorgan Opens Crypto Trading To All Clients
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In an ironic twist given CEO Jamie Dimon?s well-established distrust of the industry, JPMorgan has reportedly become the first major US bank to provide all wealth-management clients with access to bitcoin and other cryptocurrency funds.
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JPMorgan, led by bitcoin skeptic Jamie Dimon, quietly unveils access to a half-dozen crypto funds
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Late last month, JPMorgan rolled out access to four funds from Grayscale Investments and one from Osprey Funds, according to the people.
The sources declined to be identified speaking about the offerings, each citing an awkward fact: JPMorgan CEO Jamie Dimon has been one of Wall Street?s most outspoken skeptics of bitcoin and related digital assets.
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A Bipartisan Cryptocurrency Crackup Negotiators wrote a sloppy provision that could slow innovation.
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The White House wants more tax reporting of cryptocurrency transactions, not without reason. The IRS treats virtual currencies as property, meaning that people who sell their coins owe tax on their gains. But many don?t report crypto income on their tax returns. Some don?t know they have to, but some are intentionally dodging taxes.
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Shutting off this growth engine would be the equivalent of stopping e-commerce in 1995 because people were afraid of credit card fraud
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"Shutting off this growth engine would be the equivalent of stopping e-commerce in 1995 because people were afraid of credit card fraud," Cuban told the Washington Post over the weekend.
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Cryptocurrency advocates rally for second push to fix tax provision that poses major threat
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The Quirk Creek gas plant near Calgary, Alta., could soon be home to thousands of computers mining for Bitcoin, after a U.S. company proposed to set up the computers there from China. But as Heather Yourex-West explains, the plan comes with a hefty environmental price.
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Cryptocurrency platform loses estimated $600 million in cyberheist
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Poly Network, a decentralised finance platform (DeFi), announced the hack on Twitter Read more... and posted details of digital wallets to which it said the money was transferred, urging people to blacklist tokens from those addresses.
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Groceries Online
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Tea For One
1290.00 INR
Gurgaon , India
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Rose And Lemon Grass Black Tea
Contact Seller for Price. INR
Kolkata, India
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Mutton Burra Kebab
396.00 INR
All across India, India
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Customers Across India & world.
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Supercomputing can help address blockchain's biggest problem. Here's how
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Producing digital coins is not environmentally friendly, to say the least. Bitcoin mining – one of the best-known implementations of blockchain – consumes around 110 Terawatt Hours per year, which is more than the annual consumption of countries such as Sweden or Argentina.
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HSBC UK is blocking customers from making payments to Binance, report says
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HSBC is blocking its UK customers from making credit card payments to Binance, CoinDesk reported Tuesday.
The move came a month after the Financial Conduct Authority banned Binance's regulated operations.
Binance has been facing heightened regulatory scrutiny from authorities around the world recently.
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Robinhood soars 29% to post-IPO high as investors like Cathie Wood's ARK Invest build positions
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Robinhood soared as much as 29% on Tuesday to a post-IPO record of $48.59.
The online trading app is seeing buying interest from long-term investors like Cathie Wood's Ark Invest.
Ark Invest has built a stake in Robinhood worth about $250 million since the company went public last week.
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Rothschild-backed RIT co-leads funding for crypto platform Aspen Digital
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LONDON (Reuters) - RIT Capital Partners, the investment trust founded by Jacob Rothschild, is co-leading a funding round for crypto investment platform Aspen Digital intended to finance the creation of an online platform that would give wealthy investors a single portal to manage crypto investments.
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Billionaire Mike Novogratz says most US leaders haven't done the homework they need to understand cryptocurrencies
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Most US leaders don't understand cryptocurrencies, billionaire Mike Novogratz said on Tuesday.
"Our citizens deserve officials that do their homework to understand this new technology," he said.
He was responding to an anti-crypto tweet from Sen. Elizabeth Warren, who again called for tougher regulation.
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SEC chief Gary Gensler says crypto will only become mainstream if clear rules are in place, as he plans tighter regulation
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SEC Chair Gary Gensler said crypto will only take off if there are clear rules around the market.
He said investors need more protection from fraud and suggested he wants to focus on crypto exchanges.
Gensler said the SEC is looking at at least seven crypto areas including DeFi, stablecoins and ETFs.
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Tether was once the stablecoin king. Now its dominance is threatened by newcomers and legal uncertainty.
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Regulators are training their sights on tether, the biggest of the dollar-pegged cryptocurrencies known as stablecoins.
But even as tether's legal troubles ratchet up, the stablecoin has already seen market share decline.
What tether does behind the scenes has become a central focus.
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If You'd Bought $1,000 Worth of Binance Coin 4 Years Ago, Here's How Much You'd Have Today
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Binance Coin started with an initial coin offering (ICO) where it could be purchased using Bitcoin or Ethereum. Its earliest recorded cash price on CoinMarketCap comes on July 25, 2017, when it was available for as little as $0.10. If you had bought $1,000 worth, you would have gotten 10,000 BNB.
Read more...$1000-worth-of-binance-coin-4-years-ago-heres-how-much-youd-have-today-2021
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Binance launches Tax Reporting Tool. How will it help Indian crypto investors in income tax return filing?
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Cryptocurrency trading platform Binance has announced to launch Tax Reporting Tool, a new API that will enable Binance users to easily keep track of their crypto activities and streamline reporting requirements. Binance’s Tax Reporting Tool will be available from 28th July, 4:00 AM UTC.
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Binance CEO says he?s willing to step down as world?s biggest crypto exchange welcomes regulation
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Binance CEO Changpeng ?CZ? Zhao said he?s willing to step down from his role as the cryptocurrency exchange seeks to become a regulated financial institution.
The company has come under intense regulatory scrutiny lately as authorities around the world seek to clamp down on the fast-growing crypto industry.
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Crypto exchange Binance bows to pressure for physical headquarters
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TOKYO/HONG KONG -- Binance, the world's largest cryptocurrency exchange by trading volume, is looking to set up physical headquarters in multiple jurisdictions in a major concession to regulators.
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A crypto chief explains why investors need to ignore short-term price drops in bitcoin - and says innovation will always be way ahead of regulation
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Investors shouldn't pay much attention to the short-term drops in the value of bitcoin, MoonPay's CEO said.
It's normal for regulation to be a couple steps behind financial innovation, Ivan Soto-Wright said.
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Bitstamp CEO says he's been 'blown away' by interest in ether staking - as exchanges gear up for ethereum 2.0
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Bitstamp is one of many exchanges to have added ether staking, amid excitement around ethereum 2.0.
Staking is when users put up tokens to gain the right to validate transactions and earn more crypto.
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Binance says wants to be licensed everywhere
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FRANKFURT (Reuters) - Binance, one of the world's biggest exchanges, wants to set up regional headquarters and be recognised by local regulators, its chief executive said on Tuesday.
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What are NFTs and why are they worth millions?
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Bitcoin has long been hailed as the digital answer to traditional currencies. But now a new class of tokens – described as NFTs – are being touted as the digital answer to collectables.
But do these tokens have any staying power or is this just a bubble that is soon going to burst?
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Tether executives said to face criminal probe into bank fraud - Bloomberg News
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(Reuters) - The U.S. Department of Justice is probing whether executives behind the Tether digital token committed bank fraud during the nascent stages of its cryptocurrency business, Bloomberg News reported on Monday
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Tesla And SpaceX Billionaire Elon Musk Doubles Down On Dogecoin And Ethereum Plan To Beat Bitcoin Amid Crypto Price Bounce
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The bitcoin price jumped in anticipation of the virtual event, climbing back from under $30,000 per bitcoin to over $32,000, and finding fresh support after Musk revealed that his rocket company SpaceX has joined Tesla TSLA 1% in holding bitcoin.
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?Dogecoin Is Money??Elon Musk Shares Bullish Doge Theory Amid $200 Billion Bitcoin And Crypto Price Rally
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Now, as the dogecoin price nears 20 cents per doge token after crashing under the psychological level earlier this month, Musk has shared a dogecoin theory that proclaims the memecoin isn't a speculative asset but rather "dogecoin is money."
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Bitcoin surges 15% to top $38,000, boosted by comments from influential investors and chatter about Amazon getting into crypto
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Bitcoin rose 15% to its strongest level since mid-June on Monday.
Positive remarks by Elon Musk, Jack Dorsey, and Cathie Wood at "The B Word" event helped drive the gains.
Chatter about Amazon possibly accepting bitcoin payments by the end of 2021 are seen as adding further support.
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Cryptocurrency?s Wild West is in Wyoming, USA
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WASHINGTON, July 7 (Reuters Breakingviews) - U.S. cryptocurrency businesses are riding out to the Wild West of Wyoming. The cowboy state has revamped financial rules to attract bitcoin startups, putting it ahead of the Federal Reserve and other D.C. regulators.
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How decentralized finance will transform business financial services ? especially for SMEs
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Decentralized finance (DeFi) is emerging as a tool for smaller businesses in developing markets, particularly for remittances and small loans.
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JPMorgan steps up as first big US bank offering broad retail crypto funds access
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The news: JPMorgan Chase has made history as the first big US bank to offer crypto funds to retail customers beyond the very wealthy, per Insider. The banking giant told wealth-management advisors that, beginning July 19, they could receive trading orders for five funds invested in the asset class: Four are offered by Grayscale Investments and one is available from Osprey Funds.
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INDIA, BE READY TO ENJOY THE BENEFITS OF CRYPTOCURRENCY BANK
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Cryptocurrency investors keep on confronting difficulties in banking transactions with practically all significant banks not allowing such transactions. Enter cryptocurrency bank. In a bid to get a cut of the developing growing cryptocurrency market share in India, banking platform Cashaa has declared its launch in India. It will be delivering personal account services for the same by mid-August.
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TOP BANKS INTERESTED IN USING CRYPTOCURRENCY WITH BLOCKCHAIN
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The extensive use of cryptocurrency in the financial world has instigated banks and other financial institutions to adapt to the cryptocurrency market. Banks have initiated to embrace the functionalities of a cryptocurrency and are interested to integrate blockchain technology into their existing financial system.
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