Following the increase in cryptocurrency promotions in Saudi Arabia, government authorities have reiterated that their stance on BTC and cryptos has not changed. Any form of cryptocurrency trading remains illegal across the country.According to a local news outlet, ArabianBusiness, some websites, and social media accounts were involved in cryptocurrency promotions and claimed … [Read more...] about Cryptocurrency Promotions on the Rise in Saudi Arabia
Selling of Tesla Inc. shares was reportedly halted on Friday as Elon Musk, CEO of Tesla announced in a tweet that the company could go private pretty soon.In order to achieve his ambitions, the CEO could rely on cryptocurrency tokens, according to Haydar Haba of Andra Capital who runs a similar model of business. Even though Elon Musk claims to have "funding secured" for his … [Read more...] about Elon Musk Could use Cryptocurrencies to Take Tesla Private
The police raided the office of a Seoul-based firm following claims that the company was involved in a cryptocurrency scam by promising investors the gold of a 20th-century shipwreck.According to a local news outlet, 27 white collar investigators from the Seoul Metropolitan Police Agency searched the office belonging to the Shinil Group in Yeouido and also visited seven other … [Read more...] about Korean Police Invades Startup Firm for Alleged Fake Gold Cryptocurrency Scam
Barely two months ago, the Tokyo District Court issued an order for the commencement of the civil rehabilitation proceedings which would allow the creditors of the defunct bitcoin exchange, Mt. Gox, to receive refunds in BTC. The announcement was made by Nobuaki Kobayashi who was an appointed trustee of the civil rehabilitation proceedings for Mt. Gox. A relief for the … [Read more...] about Can Mt. Gox’s Creditors Finally Rejoice?
Sky Mining, a Vietnamese crypto mining company based in Ho Chi Minh City, Vietnam has reportedly got into difficulties after its CEO, Le Minh Tam, disappeared a week ago.According to a VNexpress report, the missing CEO made away with around $35 million in investor funds as well as company assets and has since apologized for "everything" via a Facebook post.According to … [Read more...] about Crypto Mining Company CEO Disappears With $35 Million
A study paper commissioned by the European Parliament Committee on Economic and Monetary Affairs (ECON) has provided insights into positive impacts that central bank issued digital currencies could make on the crypto markets.Titled "Competition issues in the Area of Financial Technology (FinTech)," the document pinpoints that if central banks can issue digital currencies, … [Read more...] about EU Parliament Study says CBDCs “Will Reshape Competition” in Digital Currencies
CoinMarketCap (CMC) remains the web’s most popular cryptocurrency tracking site but has come under public scrutiny within the last 24 hours for reporting fake trading volumes in exchange for incentives.Crypto Exchange Ranks, a firm which pulls in open source data from exchange APIs had in a blog post detailed how CoinMarketCap connived with Bitforex to list the exchange … [Read more...] about CoinMarketCap Responds To Allegations