The government of India is not looking to ban crypto assets, despite recent central bank policy that has told banks to not service accounts of coin market operators, Cryptovest reported. The person who spoke to Quartz, on the condition of anonymity, said that the issue “is...
Digital currency investor Li Xiaolai has reportedly resigned from the position of managing partner at the Hangzhou Xiong’An Blockchain Fund, CoinDesk reported. His departure happened after he was the subject of allegedly defamatory comments. As it stands, Li and venture capitalist Chen Weixing are locked...
Bitcoin trades have plummeted in China amid the crackdown of the country’s central bank, The Next Web reported. While renminbi-to-bitcoin currency trades comprised more than 90 percent of global bitcoin trades in December, the trades involving the Chinese currency now only make up 1 percent...
Venezuela’s Petro cryptocurrency will be used to fund housing in the country, The Next Web (TNW) reported. According to reports, more than 30 businesses are working toward efforts to construct the housing. That work is reportedly funded by the equivalent of $750,000 in the bolivar currency...
Thailand has launched regulations on digital tokens, and those rules will take effect on July 16. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
The top court in India is keeping in place a ban that prevents banks, financial institutions and other regulated entities from providing services related to cryptocurrencies, Bloomberg reported. Chief Justice Dipak Misra led a bench that said the Reserve Bank of India’s directive will still...
Race car driver Fernando Alonso of Formula One fame is turning to the blockchain to protect the rights to his visual media, CoinDesk reported. WENN Digital Inc., which partnered with Kodak in creating the KODAKCoin blockchain system, inked a deal with the champion for his...
Bitcoin’s 2018 crash is nearing dot-com levels, as hundreds of other virtual coins are at or nearing zero. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Following a regulatory crackdown and recent hacks, bitcoin prices have slumped to lows not seen for months. The popular cryptocurrency dipped just below $5,800 as of 8:30 a.m. on Friday (June 29), CNBC reported. Get the Full Story Complete the form to unlock this article...
