Crypto Fact

The rumours around crypto ban in India is premature, said crypto engage founders CoinDCX launches crypto and blockchain learning platform, DCX Learn US govt plans to add crypto features to its fiat currency    The cryptocurrency community is in a dilemma as the Indian government recently  announced  that it was planning to introduce legislation to  ban cryptocurrencies . The finance ministry, on June 12, has passed a draft cabinet note which seeks to set up a legal framework for banning cryptocurrency in India. According to media  reports , the note has been shared with the other ministries for consideration. However, the details of the draft are not available.    The report stated that the government would lean on a previously drafted bill by Garg committee, from July 2019, which proposed all forms of cryptocurrency are banned and anyone caught holding them could face a hefty fine and up to ten years imprisonment. “It’s not clear whether the finance ministry intends to work upon the 

  Bitcoin futures trading has grown significantly on some exchanges. Has this occurred at the expense of others?    The coronavirus has caused epic reorganizations in every corner of the global economy. This is also true in the cryptocurrency futures market.   In fact, today, the Bitcoin derivatives space looks quite different than it did several months ago; the kinds of contracts that are being traded most commonly are shifting, as well as the platforms that are being most commonly used for trading them. Much of these changes can be attributed to the economic fallout and BTC price volatility caused by the outbreak of the coronavirus. However, the Bitcoin futures market has also been affected by the Bitcoin halving event that took place earlier this month. Now that the world is three months into the post-corona era, and the Bitcoin space is two weeks past its most recent halving, how exactly has the Bitcoin derivatives landscape shifted? Has the growth that has occurred on some exchang

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     Crypto currency companies are expected to revive plans to invest and expand their business in India following a  Supreme Court  verdict overturning a Reserve Bank of India notification that had restricted banking access for virtual currency trading. ZPX will consider ramping up operations in India, said Ramani Ramachandran, CEO of the Singapore-based crypto firm. WazirX will start investing in the Indian market this year, said Nischal Shetty, cofounder of the crypto-exchange firm. India’s virtual currency industry had come to a standstill following the April 2018 notification that prohibited use of banking channels for transactions of cryptocurrencies such as  Bitcoin . Several exchanges shifted overseas or closed their business altogether in the last two years. “When a regulator like  RBI  bans, the market closes down. Six months back, we pivoted from crypto to blockchain, as we had to sustain. No investor was ready to back us amid the uncertainty of regulations,” said Wi

       A   passionate two-minute speech delivered by Godfrey Bloom, a member of the European Parliament from 2004 to 2014, is  spreading   through Crypto Twitter like wildfire. The 2013 speech is a shakedown on the global financial system. During the presentation, Bloom declares that all the banks are broke. At that time, on May 21, 2013, Bitcoin was trading at $122 and remained a fringe asset among techies and cypherpunks. It would take the remainder of the decade to transform BTC, now trading above $10,000, into the best-performing asset of the last 10 years, attracting legacy giants like Fidelity and Intercontinental Exchange that are putting their full weight behind blockchain-based infrastructure. During that same period, numerous banks, including Deutsche Bank and Danske bank, have been embroiled in multi-billion-dollar money laundering scandals and consumer fraud. Wells Fargo, after the collapse of a scheme to create bogus customer accounts, is now  restructuring  

  U.S. President Donald Trump’s  $4.8 trillion budget  proposal for FY 2021, released Monday, seeks to expand the Treasury Department’s cryptocurrency oversight by returning the United States Secret Service, now a division of the Department of Homeland Security, to its jurisdiction.  The reshuffling would “create new efficiencies” in the Secret Service’s investigation of criminal acts involving cryptocurrencies and the financial marketplace, the executive report reads. It will also give Treasury more fire power to, as the budget reads, “disrupt terrorist financing, hold rogue states and human rights abusers accountable, and detect and deter financial crimes.” The Secret Service is better known for protecting U.S. presidents and their families, but it is also responsible for investigating a wide range of financial crimes including fraud and counterfeiting, among others.  “Technological advancements in recent decades, such as cryptocurrencies and the increasing intercon