Month: May 2021
Top Articles from Prashant
News
News

Just-In: RBI Clarifies Banks Can’t Use 2018 Circular to Deny Customer Transactions

Reserve Bank of India (RBI), the Indian central bank today issued a clarification about recent reports of certain banks using its 2018 circular to caution customers against crypto transactions. RBI said that Banks cannot use the quashed 2018 circular to deny transactions to customers. The official classification read, It has come to our attention through

Reserve Bank of India (RBI), the Indian central bank today issued a clarification about recent reports of certain banks using its 2018 circular to caution customers against crypto transactions. RBI said that Banks cannot use the quashed 2018 circular to deny transactions to customers. The official classification read, It has come to our attention through

Bitcoin-mining-selling
Bitcoin News
Bitcoin-mining-selling
Bitcoin News

Bitcoin Mining Booms in Argentina in the Wake of Growing Hyperinflation

Argentina is increasingly becoming the choice of Bitcoin miners because of the availability of cheap subsidized commercial electricity and controlled foreign exchange limit which help miners to make significant profits on Bitcoin mining. At a time when hyperinflation has forced citizens to look for a better alternative and a limit of $200 for currency conversion,

Argentina is increasingly becoming the choice of Bitcoin miners because of the availability of cheap subsidized commercial electricity and controlled foreign exchange limit which help miners to make significant profits on Bitcoin mining. At a time when hyperinflation has forced citizens to look for a better alternative and a limit of $200 for currency conversion,

Whole earth Coin
Press Release
Whole earth Coin
Press Release

Whole Earth Coin Begins Trading on ProBit and Coinsbit!

WEC is an ERC20 Token running on the Ethereum chain used to power the Whole Earth Access Platform, a one-of-a-kind data exchange ecosystem designed to put general citizens in control of their infrastructure. With applications running on smartphones, we can crowdsource detailed data on infrastructure traced by geolocation. This data can help develop intelligent AI

WEC is an ERC20 Token running on the Ethereum chain used to power the Whole Earth Access Platform, a one-of-a-kind data exchange ecosystem designed to put general citizens in control of their infrastructure. With applications running on smartphones, we can crowdsource detailed data on infrastructure traced by geolocation. This data can help develop intelligent AI

News
News

Indian Banks are Reportedly Using RBI’s Quashed Circular From 2018 to Warn Users Against Crypto

Indian banks are reportedly citing the 2018 circular issued by the Reserve Bank of India(RBI), the Indian Central Bank, to caution customers against dealing in cryptocurrencies, reported Bloomberg. The said circular prohibited banks from offering any service to crypto exchanges and platforms, but it was quashed by the Supreme Court in March last year. Despite

Indian banks are reportedly citing the 2018 circular issued by the Reserve Bank of India(RBI), the Indian Central Bank, to caution customers against dealing in cryptocurrencies, reported Bloomberg. The said circular prohibited banks from offering any service to crypto exchanges and platforms, but it was quashed by the Supreme Court in March last year. Despite

bitcoin-japan-stablecoin
News
bitcoin-japan-stablecoin
News

Derivative Exchanges See $1.69B Stablecoin Outflow, Are Whales Moving to OTC Desks?

Derivative exchanges registered a massive outflow of $1.69 billion in stablecoin in a rare occurrence. A net outflow of such high magnitude is often seen as a bearish signal as analysts believe traders relocate their stablecoins in anticipation of a possible market correction. Traders often go for high leverage trade during bull runs and data

Derivative exchanges registered a massive outflow of $1.69 billion in stablecoin in a rare occurrence. A net outflow of such high magnitude is often seen as a bearish signal as analysts believe traders relocate their stablecoins in anticipation of a possible market correction. Traders often go for high leverage trade during bull runs and data

SEC crypto IEOs
News
SEC crypto IEOs
News

SEC Sues Five Bitconnect Promoters Over $2 Billion Fundraise

The US Securities and Exchange Commission (SEC) has sued five individuals for promoting BitConnect Initial Coin Offerings (ICO) via various mediums that helped the firm raise $2 billion. The five individuals are accused of promoting unregistered security, a common theme among many ICOs from 2017. The chief regulatory body in a Friday briefing mentioned the

The US Securities and Exchange Commission (SEC) has sued five individuals for promoting BitConnect Initial Coin Offerings (ICO) via various mediums that helped the firm raise $2 billion. The five individuals are accused of promoting unregistered security, a common theme among many ICOs from 2017. The chief regulatory body in a Friday briefing mentioned the

Brad-Garlinghouse
Altcoin News
Brad-Garlinghouse
Altcoin News

XRP Jumps 13% Approaching $1 As Ripple Stops SEC From Accessing Legal Records

Although the overall crypto market seems to be under downward pressure, Ripple’s native crypto XRP has shot 13.53% making a move to $1. At press time, XRP is trading at a price of $0.99 with a market cap of $44.21 billion. This latest price rally in XRP comes as Ripple registers another micro-win in its

Although the overall crypto market seems to be under downward pressure, Ripple’s native crypto XRP has shot 13.53% making a move to $1. At press time, XRP is trading at a price of $0.99 with a market cap of $44.21 billion. This latest price rally in XRP comes as Ripple registers another micro-win in its

CHINA bitcoin
News
CHINA bitcoin
News

Chinese Crypto Exchanges Suspended Contract Trading, Traders Flock to OTC Desks

China’s recent crackdown on crypto miners and traders has forced local crypto firms to withdraw their operations partially. In the latest development, Chinese journalist Wu Blockchain reports that owning to the regulatory changes, BitMart has decided to suspend contract trading services for all its users. All the previous transactions can be closed, however, no new

China’s recent crackdown on crypto miners and traders has forced local crypto firms to withdraw their operations partially. In the latest development, Chinese journalist Wu Blockchain reports that owning to the regulatory changes, BitMart has decided to suspend contract trading services for all its users. All the previous transactions can be closed, however, no new

News
News

Indian Banks Send Advisory to Customers to Follow RBI guidelines and Refrain from Crypto Transactions

Although crypto trading isn’t illegal in India, big banking institutions in the country are sending their customers advisories to refrain from indulging in crypto transactions. As reported by a local news publication The Hindu, many banks are sending formal warnings to their customers for digital currency transactions. The banks are citing the 2018-rule from the Reserve

Although crypto trading isn’t illegal in India, big banking institutions in the country are sending their customers advisories to refrain from indulging in crypto transactions. As reported by a local news publication The Hindu, many banks are sending formal warnings to their customers for digital currency transactions. The banks are citing the 2018-rule from the Reserve

Press Release
Press Release

MMORPG Ember Sword Completes Successful First-Ever Land Sale on Polygon

San Juan, Puerto Rico, 30th May, 2021, “Ember Sword – a Free-to-Play fantasy MMORPG game, has successfully completed its first land sale on Polygon, raising a whopping USD $1.5M” Bright Star Studios, a top gaming studio which recently secured $2 million from top tier investors such as Dialectic, Mechanism Capital and Delphi Digital, sold out

San Juan, Puerto Rico, 30th May, 2021, “Ember Sword – a Free-to-Play fantasy MMORPG game, has successfully completed its first land sale on Polygon, raising a whopping USD $1.5M” Bright Star Studios, a top gaming studio which recently secured $2 million from top tier investors such as Dialectic, Mechanism Capital and Delphi Digital, sold out

Altcoin News
Altcoin News

Chainlink (LINK) Price Up 6%, Will It Break the Resistance Trend line to Set An Upward Journey

LINK, the native cryptocurrency of oracle service provider Chainlink, is trading 6% up today at $28.82 with a market cap of $12.3 billion. Chainlink (LINK) has shown a strong pullback after falling to a low of $17.50 during the recent market correction. After hitting this low last Sunday on May 23, the LINK price doubled

LINK, the native cryptocurrency of oracle service provider Chainlink, is trading 6% up today at $28.82 with a market cap of $12.3 billion. Chainlink (LINK) has shown a strong pullback after falling to a low of $17.50 during the recent market correction. After hitting this low last Sunday on May 23, the LINK price doubled

Bitcoin News
Bitcoin News

As Bitcoin (BTC) Price Flirts Around $36,000, Whale Accumulation Continues

On the weekly chart, Bitcoin (BTC) is trading almost on a flat note at around $36,000. After facing rejection at $40,000 last week, Bitcoin has entered consolidation. At press time, BTC is trading at a price of $35,808 with a market cap of $670 billion. However, there’s been a small uptick in the holdings by

On the weekly chart, Bitcoin (BTC) is trading almost on a flat note at around $36,000. After facing rejection at $40,000 last week, Bitcoin has entered consolidation. At press time, BTC is trading at a price of $35,808 with a market cap of $670 billion. However, there’s been a small uptick in the holdings by

Bitcoin
Bitcoin News
Bitcoin
Bitcoin News

Bitcoin Spot Volumes on Decline, Is Bottom Near?

Bitcoin price dipped below $35,000 today currently trading at $34,135 with a 7% price decline over the last year. The price of top cryptocurrency is currently moving between $30k-$40k after the recent market correction, however, on-chain data indicate that Bitcoin price might be nearing its bottom as traders gear up for another bull rally. The

Bitcoin price dipped below $35,000 today currently trading at $34,135 with a 7% price decline over the last year. The price of top cryptocurrency is currently moving between $30k-$40k after the recent market correction, however, on-chain data indicate that Bitcoin price might be nearing its bottom as traders gear up for another bull rally. The

dogecoin
Altcoin News
dogecoin
Altcoin News

eToro CEO Says Trading App Listed Dogecoin Because of its Large Fanbase

Yoni Assia, CEO of eToro, a popular mobile trading app for traditional as well as crypto assets, revealed Dogecoin’s listing was inspired by its ‘large and loud’ fanbase. Assia’s comment came during his interview with Business Insiders where he was discussing the trading app’s early May Dogecoin listing and revealed Elon Musk’s support also played

Yoni Assia, CEO of eToro, a popular mobile trading app for traditional as well as crypto assets, revealed Dogecoin’s listing was inspired by its ‘large and loud’ fanbase. Assia’s comment came during his interview with Business Insiders where he was discussing the trading app’s early May Dogecoin listing and revealed Elon Musk’s support also played

Altcoin News
Altcoin News

Canada Based Purpose Ether ETF AUM Breach 50,000 ETH

The Canadian Purpose Group Ether ETF  has breached 50,000 ETH worth $122.7 million in AUM even when the price of the second largest cryptocurrency has registered a 50% decline from the top during the recent market correction. The Ether ETF was launched by the firm on April 20 and in just over a month it

The Canadian Purpose Group Ether ETF  has breached 50,000 ETH worth $122.7 million in AUM even when the price of the second largest cryptocurrency has registered a 50% decline from the top during the recent market correction. The Ether ETF was launched by the firm on April 20 and in just over a month it

bitcoin-exchange-miners
Bitcoin News
bitcoin-exchange-miners
Bitcoin News

Miners From Inner Mongolia and Sichuan Selling Their Mining Machines Amid Growing Crackdown

China’s largest online second-hand market place Xianyu has registered a surge in Bitcoin mining machine listing over the past few days especially from Inner Mongolia and Sichuan regions, the two most prolific Bitcoin mining hubs. The significant increase in the sale of second-hand Bitcoin mining machines comes amid growing crackdowns on mining operations in China.

China’s largest online second-hand market place Xianyu has registered a surge in Bitcoin mining machine listing over the past few days especially from Inner Mongolia and Sichuan regions, the two most prolific Bitcoin mining hubs. The significant increase in the sale of second-hand Bitcoin mining machines comes amid growing crackdowns on mining operations in China.

Blockchain News
Blockchain News

Here’s What Billionaire Mark Cuban Checks Before Investing In A Blockchain Project

Mark Cuban, the billionaire investor and owner of NBA Team Dallas Mavericks has been recently in the news after announcing his latest investment in Indian blockchain startup Polygon. Over the last two years, Cuban has been very active in the crypto and blockchain space handpicking some tokens and interesting projects for investments. Speaking to CNBC,

Mark Cuban, the billionaire investor and owner of NBA Team Dallas Mavericks has been recently in the news after announcing his latest investment in Indian blockchain startup Polygon. Over the last two years, Cuban has been very active in the crypto and blockchain space handpicking some tokens and interesting projects for investments. Speaking to CNBC,

tezoz
DeFi News
tezoz
DeFi News

DeFi On Tezos Gains Momentum Due To Its Cheap, Green, and Efficient Nature

Decentralized finance is a compelling industry capable of unlocking many new use cases, services, and products. That can only work if the underpinning technology is fast, reliable, and cost-efficient. Tezos may be the next major blockchain for DeFi, as it checks many of the right boxes.  DeFi on Tezos Is Popping Off Numerous blockchain ecosystems

Decentralized finance is a compelling industry capable of unlocking many new use cases, services, and products. That can only work if the underpinning technology is fast, reliable, and cost-efficient. Tezos may be the next major blockchain for DeFi, as it checks many of the right boxes.  DeFi on Tezos Is Popping Off Numerous blockchain ecosystems

News
News

Australian Tax Authorities Issue Warning to Crypto Investors To Disclose Profits or Face Legal Action

Tax authorities in Australia are now after crypto investors following a major crypto rally ahead this year. In the latest development, the Australian Tax Office has urged investors to report their crypto profits or else face legal action on charges of tax evasion. Tim Loh, the assistant commissioner at the Australian Tax Office spoke to

Tax authorities in Australia are now after crypto investors following a major crypto rally ahead this year. In the latest development, the Australian Tax Office has urged investors to report their crypto profits or else face legal action on charges of tax evasion. Tim Loh, the assistant commissioner at the Australian Tax Office spoke to

bitcoin
Bitcoin News
bitcoin
Bitcoin News

Bitcoin (BTC) Wipes Out Weekly Gains With 9% Fall As BoJ Governor Casts Doubt On the Crypto

After showing some good momentum northwards over the last week, Bitcoin (BTC) is down today by 9% wiping out all its weekly gains. Over the last week, central banking authorities have been attacking Bitcoin for its recent volatility and the latest to join is Bank of Japan Governor Haruhiko Kuroda. During an interview with Bloomberg,

After showing some good momentum northwards over the last week, Bitcoin (BTC) is down today by 9% wiping out all its weekly gains. Over the last week, central banking authorities have been attacking Bitcoin for its recent volatility and the latest to join is Bank of Japan Governor Haruhiko Kuroda. During an interview with Bloomberg,