The US Department of Justice (DOJ) is selling cryptocurrency worth $56 million confiscated from Bitconnect’s “number one promoter,” the largest crypto scam scheme ever prosecuted. Investors were duped into investing more than $2 billion. The operator of Bitconnect faces a potential sentence of 20 years in prison. The Justice Department announced that it would sell … Read more
The Indonesian Ulema Council Majelis Ulama Indonesia, the country’s top Islamic organization with Shariah compliance authority, has officially classified the usage of cryptocurrency as a money or trading crytocurrency is haram or prohibited under Islamic law for Muslims. The National Religious Council of Indonesia has stated that cryptocurrency does not follow Sharia teachings and should … Read more
Mastercard revealed on Monday that it has launched crypto-linked payments cards in Asia, allowing users to exchange their virtual currencies into real currency immediately for the very first time. The cards are designed to bridge the gap between retailers who do not take virtual currencies and buyers who want to pay with crypto. Individuals and … Read more
JP Morgan, the global investment bank has increased its price projection for bitcoin to $146,000. The bank’s analyst added that the cryptocurrency’s value might achieve that level if its volatility decreases and investment banks begin to prioritize bitcoin over gold in their holdings. Last week, JP Morgan released the first research in its new publication, … Read more
According to statements from CEO Jack Conte and Chief Product Officer Julian Gutman, Patreon, the well-known membership organization, is now considering incorporating crypto features to provide new revenue pathways. Both directives confirmed the notion of issuing a membership token for content creators is on the table during The Information’s 2021 Creator Economy Conference. While Patreon … Read more
On a few instances this week, the meme-based crypto-asset Shiba Inu (SHIB) reached an all-time high (ATH). The ATH for SHIB was about $0.00008616, and the price thereafter dropped 11% below the high. The value of SHIB has risen to $40 billion, allowing the Shiba Inu token market to break into the top ten crypto … Read more
Paypal has recently announced that it would soon start its new crypto services to UK Customers. The company announced that the launch of its trading platform is completed, meaning customers would now be able to buy, hold and sell cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum and Litecoin using their PayPal accounts. Furthermore, the company provides … Read more
The Russian Central Bank is not willing to allow a bitcoin exchange-traded fund (ETF) to enter the market, according to Elvira Nabiullina, the regulator’s chief. Her comments came following the launch of bitcoin ETFs in the United States, confirming the bank’s strong stance on cryptocurrencies, which has recently been challenged again. The Central Bank of … Read more
Retail giant Walmart has announced that Bitcoin can now be purchased at 200 stores in the United States. Cryptocurrency is offered through Coinstar kiosks in Walmart stores. Coinstar currently offers Bitcoin at over 8,000 kiosks. Buy Bitcoin at Walmart BTC is now available in 200 Walmart stores in the U.S., the company said Thursday. This … Read more
Bitfury, a Bitcoin manufacturer, is planning to go public in the next twelve months in what would be Europe’s largest Cryptocurrency related debut according to the reports shared by Telegraph. The report also said that Bitfury is seeking advice from Deloitte on whether it is ready to go public or not or how it can … Read more
