To Pay Victims Of Bitconnect’s Scam, DOJ Is Selling Cryptocurrency Worth $56 Million

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

Muslims Can’t Trade Cryptocurrency Under Islamic Law In Indonesia

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 Is Planning To Offer Crypto-Linked Payment Cards In Asia

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 Renews Bitcoin Price Prediction of $146K

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

Patreon Is Considering Allowing Creators To Monetize Their Work With Cryptocurrency

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

Payment Giant PayPal is Starting its New Crypto Service in the UK

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 Governor Of The Bank Of Russia Claims The Country Isn’t Ready To Permit Bitcoin ETF Trading

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

Walmart Allows Customers to Buy Bitcoin at 200 Stores

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

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