A ban on the use of cryptocurrency for payment by Turkey’s central bank has dropped the value of Bitcoin by 4%. This could resultantly cause the Turkish crypto market to stall. The central bank of Turkey by way of legislation published in the Official Gazette banned the use of cryptocurrency for payment. Accordingly, cryptocurrency and…
A lawsuit related to crypto fraud was filed by a group of Spaniards who took a class action against a purported million-dollar scam. The lawsuit filed before the National Court of Spain accuses an individual of supposedly scamming more than 300 small crypto investors throughout Spain. The money that was stolen is expected to add…
According to Hester Peirce, the SEC Commissioner banning bitcoin would be equivalent to closing down the internet. Peirce as commissioner of the US Securities and Exchange Commission (SEC) communicated her stance on governments banning Bitcoin in addition to cryptocurrency regulation. The SEC Commissioner was invited for an interview at Investing in Crypto – Marketwatch. She…
A lawsuit against Craig Wright was filed by the Crypto Open Patent Alliance in the United Kingdom (UK). For a while Wright has claimed to be Satoshi Nakamoto, however hasn’t been able to prove the claim just as yet. The alliance is aiming at getting a ruling against Wright’s claims of ownership over the Bitcoin…
Several prominent names in the crypto space have made their way onto Forbes’ 2021 Billionaire’s list. This year’s ranking includes twelve crypto notables which is a huge increase from four that were included last year. The American business magazine has been compiling lists of the wealthiest billionaires in the world since 1987. The first-ever person…
The Central Bank of Sri Lanka has taken action in the form of public notices to warn against the risks of crypto investments. The bank in the notices noted three probable risks that could be associated with crypto investment and trade. Digital assets like cryptocurrencies have been making headlines for all the good and bad…
As per the latest reports, Exodus has received a positive response from the SEC for a recent filing it had submitted at the regulator. Exodus, which is a famous wallet provider for cryptocurrencies in the United States had filed a proposal, requesting to sell its operation’s shares. It has been confirmed that the US Securities…