Archive for the ‘Cryptocurrency’ Category

India Mulls GST On Trading Of Virtual Currencies

India may levy Goods and Services Tax on cryptocurrency trading, even as there’s lack of clarity about their legal status in the country. The government may levy an 18 percent GST, people with direct knowledge of the matter said requesting anonymity as they weren’t authorised to speak to the media. The proposal, being considered by […]

Report: DOJ Investigating Bitcoin Price Manipulation

The Justice Department is opening a criminal investigation, along with the Commodity Futures and Trading Commission, into people who may be manipulating cryptocurrencies like Bitcoin and Ether.  Investigators are in the early stages of examining illegal practices that unscrupulous traders have also been known to use in futures and equities markets. For example, the DOJ is […]

London-based fintech unicorn Revolut adds the Cryptocurrencies Bitcoin Cash and XRP to its app

In December 2017, Revolut launched a feature that allows its 1.8 million customers to buy, hold and sell cryptocurrencies instantly from within the app. In addition to Bitcoin, Litecoin and Ethereum, Revolut has today added XRP and Bitcoin Cash to its list of growing cryptocurrencies. The addition of XRP and Bitcoin Cash stems from overwhelming demand from the […]

Canaan Mining Company Is Planning the Biggest Ever Blockchain IPO

Canaan Creative, China’s second-largest bitcoin miner, submitted its IPO application to the Stock Exchange of Hong Kong (HKEX). The Beijing-based miner has yet to comment on its plans, but sources say it seeks to raise between $1 billion and $2 billion. The company aims to start trading shares in Hong Kong by July. Its application is […]

FTC to Host Cryptocurrency Workshop on June 25

The U.S. Federal Trade Commission will host a workshop in Chicago on June 25 to examine scams involving cryptocurrencies. The “Decrypting Cryptocurrency Scams” workshop will bring together consumer groups, law enforcement, research organizations, and the private sector to explore how scammers are exploiting public interest in cryptocurrencies such as bitcoin and Litecoin and to discuss ways to […]

Thai Fintech Association, ICORA offer crypto-assets training course

The Thai Fintech Association, together with ICORA Co Ltd, is offering a Crypto Asset Revolution (CAR) course, which will provide participants with a complete understanding and knowledge about investing in crypto assets and ICOs. Thai investors, business owners and professionals from financial institutions have a chance via the new course to learn important and useful […]

Cryptocurrency is Property in Russia, Justice Minister Confirms

A bankruptcy case involving a modest amount of bitcoin has sparked discussions in Russian legal circles. Some say a crypto is nothing more than “a set of characters.” Others, including Russia’s Justice Minister Alexander Konovalov, are categorical – cryptocurrency falls under the legal category of “other property.”  The question about the status of cryptocurrencies in […]

With at least $1.3 billion invested globally in 2018, VC funding for blockchain blows past 2017 totals

Although bitcoin and blockchain technology may not take up quite as much mental bandwidth for the general public as it did just a few months ago, companies in the space continue to rake in capital from investors. Investor interest in the blockchain space shows no immediate signs of slowing down, even as the price of […]

Tea Tokenizers Arrested in China for Alleged $47 Million Crypto Fraud

Police in Shenzhen, China, arrested six individuals who allegedly defrauded 3,000 Chinese investors out of $47 million by selling a cryptocurrency they claimed was backed by a commodity. The six suspects formed a firm based in Shenzhen called PEB, which beginning in January 2017 issued a blockchain-powered token dubbed Pu’er Coin. According to the police investigation, though […]

E-Commerce Giant Alibaba’s Jack Ma Says Blockchain Is Not a Bubble, Bitcoin Is

Jack Ma, the founder of Chinese e-commerce giant Alibaba, spoke out at the 2nd World Intelligence Conference in Tianjin, saying that blockchain technology is not a bubble, but Bitcoin is. Ma said he has been researching blockchain for years, and believes strongly in its potential to address issues of data privacy and security for society […]