AT cryptocurrency management company has agreed to pay a $100 million settlement to the Securities and Exchange Commission. The SEC charged BlockFi, a cryptocurrency lending and management platform, with failing to register the offers and sales of its lending product, forcing it to pay a $100 million settlement, the largest for any cryptocurrency company. “This … Read more
Cryptocurrency prices are down marginally today evening as the volatility in the recent weeks continued on Monday. The volatility has come amid a broader market selloff driven by investors recalibrating their portfolios to account for a more aggressive Fed, which is now expected to raise rates as many as seven times this year as it … Read more
A Bitcoin ATM is seen inside a gas station in Los Angeles on June 24, 2021. CHRIS DELMAS | AFP | Getty Images Roughly 2 out of 3 “fund selectors” don’t think individual investors should own cryptocurrency in their portfolios, largely for reasons related to transparency and regulation, according to a Natixis Investment Managers survey. … Read more
MUMBAI : Cryptocurrencies have no intrinsic value and could even be worse than Ponzi schemes, RBI deputy governor T Rabi Sankar said on Monday, advocating a ban even while India is undecided on regulating them. “We have seen that crypto-technology is underpinned by a philosophy to evade government controls,” Sankar said at the 17th Annual … Read more
In the first expansion of its growing set of cryptocurrency services outside the US, PayPal just announced it is to allow UK customers to buy, sell and hold a range of cryptocurrencies. That means account holders will be able to buy and sell Bitcoin, Ethereum, Litecoin, and Bitcoin Cash-a move that puts the online payment … Read more
Citizens try out a virtual reality experience at the opening of Cheonan Qianshu Shopping mall, Shanghai, China, On December 22, 2021. Virtual reality is a key part of the concept of the metaverse. Xing Yun | Costphoto | Future Publishing | Getty Images Imagine this: the metaverse with Chinese characteristics. That’s how the virtual world … Read more
AlphaPoint co-founders Igor Telyatnikov and Vadim Telyatnikov shared views on cryptocurrency trends El Salvador created history on September 7 last year, when it became the first country to adopt Bitcoin as a legal tender. However, the sailing hasn’t been smooth for the Central American nation. Frequent tech glitches, a large population unfamiliar with Bitcoin’s usage, … Read more
DURHAM, NC — The Better Business Bureau has sent out multiple alerts about a fake cryptocurrency business that has scammed job seekers out of thousands of dollars. One man says he’s out $10,000 due to the scheme. Daniel LaSane thought he found a fresh start to get back into the workforce while scrolling through job … Read more
Digital currency or rupee is an electronic form of money, that can be used in contactless transactions. Presenting Union Budget 2022, Finance Minister Nirmala Sitharaman announced that the Reserve Bank of India (RBI) would be rolling out its digital currency soon. The Central Bank Digital Currency (CBDC), RBI’s digital currency is going to be introduced … Read more
A woman sells by a sign that reads, “Bitcoin accepted here”, outside a store where the cryptocurrency is accepted as a payment method in San Salvador, El Salvador September 24, 2021. José Cabezas | Reuters The International Monetary Fund is pushing El Salvador to ditch bitcoin as legal tender, according to a statement released on … Read more