Two Cuttack engineers have reportedly been scammed out of 43 lakh INR ($52,054) by crypto investment fraudsters. The two engineers from the Purighat and CDA regions reportedly lost money after investing in a fraudulent website. Both of these regions are located in Cuttack, Odisha, India. The victims have filed a
In the rapidly evolving world of cryptocurrencies, centralized services and stringent regulations frequently overshadow the original vision of decentralization. Despite this, Blockonomics stands out as one of the few payment gateways that adheres to the decentralized ethos of cryptocurrencies. What is the issue? Bitcoin (BTC), the first cryptocurrency, was created
Recently, U.S. Federal Reserve Chairman Jerome Powell expressed optimism about the cryptocurrency market. In his testimony before Congress, Powell defended the sustainability of cryptocurrencies as an investment category in the United States. Witnessing before the House Committee on Financial Services about the Federal Reserve’s Semiannual Monetary Policy Report, Powell made
The Canada Securities Administrators (CSA) have issued new rules for investment funds that hold or intend to engage in crypto assets, focusing particularly on meeting the requirements of securities legislation. Unlike the US SEC, Canada is acknowledging the benefits of crypto and Bitcoin and is progressively loosening restrictions on investment
The National Assembly of Namibia has passed a law offering regulation of cryptocurrencies and digital assets. Thus, becoming the latest country in Africa to do so. A measure to govern virtual assets, cryptocurrencies, and VASPs in Namibia was enacted by the lower house of parliament on June 22. The purpose
There has to be more clarity about crypto lending, according to the lawyer directing the United Kingdom’s Law Commission’s review of the application of British laws toward digital currencies. In an interview, Laura Burgoyne elaborated on those four key suggestions to the British government. The country’s legislative structures and their
Bakkt CEO Gavin Michael has said that the business is considering expanding internationally to Hong Kong, the United Kingdom, and the European Union. This is because of the absence of a stable regulatory environment in the United States. The CEO stated: “We’re particularly focused on Hong Kong, the UK and
Bitcoin, the leading cryptocurrency, achieved a trading rate of $31,500 on July 6th, marking a 13-month high and demonstrating a rapid 2 percent increase within a single hour. Analyzing the trading movements in the crypto market, Bitcoin’s RSI (Relative Strength Index) is currently above 64.26, suggesting that BTC is approaching
The U.S. SEC will meet with BlackRock, Fidelity Investments, and other spot Bitcoin ETF registrants next week. After resubmitting their applications to the U.S. SEC, all spot ETF hopefuls have now included information on their surveillance-sharing partners and other prerequisites. Bloomberg’s ETF experts Eric Balchunas and James Seyffart tweeted on
Coin Metrics reports that this quarter, because of the rise in the value of BRC-20 tokens and Ordinals, Bitcoin miners have reaped an unexpected profit of several million dollars in transaction fees. Crypto analytics company claimed a previously “tepid fee market” for Bitcoin miners has been unexpectedly disrupted with its
