Tag Archives: Cryptocurrencies

India has removed its ban on cryptocurrencies.Crypto Can Find a Home in India AgainThe ban first emerged in 2018 by way of the Reserve Bank of India (RBI). The financial institution stated that cryptocurrencies were not real money in that they did not exist in physical form. In addition, governments are usually responsible for issuing new forms of money. As crypto did not come by way of a government entity, they were invalid and unfit to be used as a means of payment.However, the ban was not...

As the new year begins, Qatar’s Financial Center, the nation’s regulatory authority, has issued a blanket ban on cryptocurrency-related services in the Gulf nation. The prohibition covers not only cryptocurrencies but “anything of value” that could substitute fiat currencies.Qatar Bans CryptocurrenciesThe Qatari Financial Center, which is also the nation’s regulatory authority, has issued a statewide ban on cryptocurrencies and other digital assets that might substitute traditional fiat.Per...

Despite the extremely positive last decade, Bitcoin has also received a lot of criticism and negativity. Such is the case with an economist from Lending Tree, calling it a pyramid scheme that has no real utility in the world. At the same time, a Chief Market Strategist noted that he actually owns five cryptocurrencies, but people need to be familiar with the possible risks.Bitcoin – A Pyramid Scheme?In a recent interview with Yahoo Finance, Lending Tree Chief Economist Tendayi Kapfidze spoke...

Uzbekistan appears to be changing its stance towards cryptocurrency adoption as the President has made it illegal to purchase any, while citizens can actually sell them. Interestingly enough, this comes only a year after cryptocurrency usage was legalized.Uzbekistan Bans CryptocurrenciesAccording to a local report, the former Soviet republic is set to place a ban on cryptocurrency purchases within the borders of the country. It also states that investors owning digital assets can actually...

One of the largest American financial services corporations, Fidelity, is preparing to enter the European market with a product orientated towards digital assets. The branch called Fidelity Digital Assets is already operating in the U.S. since last year, delivering cryptocurrencies to institutional investors.Fidelity Digital Assets Enters EuropeLast year, Fidelity Investments Inc, launched a new business venture in the U.S. oriented towards cryptocurrencies. It’s called Fidelity Digital...

Cryptocurrency companies and services based in the EU have less than a month to adjust their business operations to comply with a new set of rules. As of January 10th, The Fifth Anti-Money Laundering Directive (5AMLD) will be in effect, requiring KYC, and monitoring all transactions.5AMLD In Action From JanuaryRegulators across the world have struggled with putting cryptocurrencies within a certain legislative framework. The European Union is on its way to put in effect an updated legislation...

Another case of SIM swapping has reportedly been recorded in the U.S., as a 23-year-old has attempted to steal cryptocurrencies. This type of fraud appears to be growing as a significant issue worldwide, especially within the community with many previous similar cases.SIM Swapping To Steal CryptocurrenciesA young man from Pennsylvania has been implicated in fraudulent activities and will face a federal grand jury, according to a recent report. Per the document, the 23-year-old Anthony Faulk...

The Australian Border Force (ABF) has recently assisted in the apprehension of a couple for allegedly transporting MDMA. After seizing all drugs, the authorities found over $1.5 million worth of cryptocurrencies, which officials believe is the most substantial amount ever caught of its kind.Drug Transportation and Cryptocurrency InvolvementThe Australian Federal Police and WA Police Force recently worked together on a case in Perth for drug transportation, according to a report. It says that...

Photo: ShutterstockBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.ETH/USD tech analysisEthereum 2.0 is being developed actively but the date of the launch is yet unknownECC will issue a token for the ETH blockchainOn W1, the Ethereum demonstrates a new impulse of decline in the long-term trend. The aim of that impulse in the short term might be this year minimum of $80.86, reached, however, only after a pullback. Further decline of the quotations is confirmed by the descending of the MACD...

Bitcoin is currently facing the strongest selling pressure since February. Commentators and analysts think that there is a possibility that it might drop below the recent lows near $7,750. On October 16, BTC price fell below $8,000 in fresh choppy trading after several days of consolidation and slow grind.The top cryptocurrency by market value dropped from $8,326 to $8,086 in an hour to 17:00 UTC on October 15. That confirmed a downside move in the recent trading range of $8,450–$8,250 as...