Cryptocurrency Regulation: An Indian Perspective

Cryptocurrencies, with a market capitalization of over $200 billion, can no longer be dismissed as just a fad. While still making up only a tiny fraction of overall global financial markets, they have matured from the ranks of fledgling startups to being leveraged by large enterprises for use cases ranging from global payments, asset-backed tokens for metals and commodities, fiat currency-equivalent digital coins, the Internet of Things, decentralized cloud storage and more.  Earlier this year, JPMorgan Chase announced its United States dollar-equivalent JPM Coin for business-to-business payments; a consortium of…

John McAfee’s New Defying Cryptocurrency: Epstein Didn’t Kill Himself (WHACKD)

The famous (and infamous) computer programmer, businessman and now a prominent cryptocurrency commentator, John McAfee, has re-entered the crypto world by launching a new cryptocurrency called “Epstein Didn’t Kill Himself” with the subtle ticker name WHACKD. The cryptocurrency project, WHACKD, is first of its kind and outshines John McAfee’s earliest eccentric projects. Revealed in a series of tweets, McAfee claims that nothing like WHACKD “has been seen before.” McAfee said that the recipient of one out of every 1000 transactions will lose the entire transaction. “The tokens are instead sent…

New Law in Ukraine Obliges Citizens to Report Cryptocurrency Holdings

The Ukrainian government has passed a new law that ensures that the citizens of the country reveal the amount of cryptocurrency they hold. The new law is part of Ukraine’s efforts to tackle the issue of corruption. One part of the new law forces citizens to disclose if them or any of their close relatives hold cryptocurrency. The aim of this legislation is for the Ukrainian government to legalize digital currencies so they can implement and collect income tax on cryptocurrency earnings and make sure that the newly emerging crypto…

Iran Offers Bounty for Illicit Cryptocurrency Mining Operations

Iranian authorities are offering a bounty to anyone who exposes unauthorized mining operations in the country, Iranian news outlet PressTV reports on Nov. 13. A spokesman of the Energy Ministry announced the bounty program during an interview with local news outlet IRIB News, while illustrating the new electricity pricing mechanism for miners. Mostafa Rajabi, the spokesman in question, said yesterday that people who expose cryptocurrency mining operations that are illicitly using subsidized electricity will receive up to 20% of the recovery of damages. Rajabi told reporters that new regulations ban…

Cryptocurrency Project Grin Receives Anonymous Donation of 50 Bitcoin

Donations for newly developed projects can help them enormously in achieving their goals, and although donations made in cryptocurrency are a relatively new concept, it is being practiced across the globe. For the team of the cryptocurrency project Grin, a large donation of 50 Bitcoin(BTC)trade was made (about $430,000 at current Bitcoin price), assuring them that the project is worth it and apparently some generous people with a cryptocurrency background support it. However, this is not the first time that the cryptocurrency project has received a donation from anonymous sources.…

Australian Authorities Seize Cryptocurrency ATM and Arrest Man in Crypto Investigation

Australian investigative authorities have arrested a man on charges of unregistered digital transaction of cryptocurrency. The Electronic crime squad of Australia made the arrest on 12th November in Cairnlea, as the 38-year-old man was arrested and escorted from his residence in the district. The investigation also led to a seizure of a cryptocurrency ATM associated with the case. The arrested man was taken into custody where he is currently held. The authorities have been investigating the issue further and questioning him regarding the violations of to two commonwealth laws surrounding…

Creativity and Value Will Win the Cryptocurrency Exchange Wars

The American gold rush was marked by a host of hard times and a few sudden millionaires. Men gave up everything to travel to California in hopes of striking it rich. But the man who really struck it rich during the gold rush was Levi Strauss, a simple tailor who made tough cotton pants for the miners. In the 21st century, the digital gold rush has begun with the creation of cryptocurrencies, and particularly Bitcoin. Early adopters owned thousands of Bitcoin, and these few devotees are now massively wealthy. As…

Justin Sun Confirms Tron’s Listing on Poloniex Cryptocurrency Exchange

Tron (TRX), the 11th largest cryptocurrency by market capitalization, has now been listed on the Poloniex cryptocurrency exchange. Sun confirms TRX listing on Poloniex In a Nov. 9 blog post, Poloniex cryptocurrency exchange announced that it was readying to list the decentralized cryptocurrency on its platform, which Tron CEO Justin Sun confirmed on Nov. 12 by tweeting “it’s official now.” Starting today, customers will be able to start posting limit orders for TRX/Bitcoin (BTC), TRX/Tether (USDT) and TRX/USD Coin (USDC). Reportedly, full trading will be enabled “shortly after this date.”…

Evercoin Launches Bitcoin and Cryptocurrency Hardware Wallet

New York, NY, 12 November 2019 – At New York Consensus Invest Summit, Evercoin Inc. today announced Evercoin 2, the “safest hardware wallet”. Evercoin 2 provides a wallet and exchange for bitcoin and other cryptocurrencies featuring a hardware wallet the size of a house key powered by YubiKey 5ci, the first implementation of its kind. Prior to this, users wanting hardware security relied on large, difficult to use and not mobile-first first-generation hardware wallets like Ledger and Trezor. Now every compatible YubiKey owner can download a free hardware wallet. Evercoin…

Canadian Bank Changes Bitcoin Tune, May Launch Cryptocurrency Exchange

The Royal Bank of Canada (RBC) is exploring building a cryptocurrency trading platform for both investments and in-store/online purchases. This move would make the bank — the largest in Canada by market capitalization, with $661 billion CAD ($499 billion) in assets under management — the first in the country to launch a cryptocurrency exchange. The trading platform would facilitate the buying and selling of individual digital coins, including Bitcoin and Ether, as well as bundled crypto assets. RBC also plans to offer customers the ability to open accounts to safely…