Crypto exchange Bybit has announced that it will temporarily suspend its services for its users in India in response to current regulations in the country. The Dubai-based company intends to prevent its customers in India from being able to open new transactions or access products on the platform from Sunday. “The only exception will be…
In June 2021, a man identifying himself as Moshe Theodor McNigh befriended a Toronto woman on Facebook and began courting her. He persuaded her to invest around $355,000 in Bitcoin through a site called Legacyfxtraders.online. A few months later, the woman – who police are not naming out of fear for her safety – was…
Asia dominates the global cryptocurrency market, accounting for 60% of global cryptocurrency users and contributing the largest share of global liquidity. New research from Foresight Ventures and Primitive reports these findings. Five Asian countries, including India, Indonesia and Vietnam, rank among the top 10 in the 2024 Global Crypto Adoption Index. Asia Leads Global Crypto…
With the holidays over, everyone’s other favorite time of year is fast approaching: tax season. For crypto investors, this can bring its own set of unique headaches. Changing rules and industry jargon can make reporting cryptocurrencies to the IRS time-consuming and arduous. For starters, the agency has its own understanding of what cryptocurrency is and…
HARTFORD, Conn. — A Florida man pleaded guilty Thursday to the carjacking and kidnapping of a Connecticut couple, in what authorities called a botched ransom plot that may have been linked to a $240 cryptocurrency theft million dollars. Michael Rivas, 19, of Miami, was one of six men arrested after a series of events in…
Moskau, Russia – May 30, 2019: A gold bitcoin coin lies close-up on a table with dollar paper and credit card aganist table background. Cryptocurrency exchange concept. The world of cryptocurrency continues to expand, bringing innovative financial tools to the general public. One such tool is the crypto card, which has revolutionized the way people…
TLDR Texas judge orders Bitcoin investor Frank Ahlgren III to hand over crypto keys to $124 million fortune Ahlgren Failed to Report $3.7 Million in Bitcoin Sales and Used Mixers to Obscure Transactions Court order blocks asset transfers except basic living expenses The investor faces a sentence of 2 years in prison and $1 million…
2024 has been a pivotal year that has shaped the crypto markets – from mass institutional adoption, to retail investors’ growing confidence in crypto, and most importantly, how 2024 has changed the perception of crypto. Over the years, crypto has gone from being a niche financial product to becoming a key mainstream policy debate in…
(Courtesy of Getty Images) South Korea’s top financial regulator has proposed easing restrictions on ownership of financial holding companies in fintech platforms from the current 5% to 15%, a first such since the ownership limit was introduced in 2000. The Financial Services Commission (FSC) is also considering allowing businesses and unincorporated organizations to trade cryptocurrencies…
Bitcoin prices have fallen by around 10% in recent days. getty Bitcoin prices have been falling this week, falling below $93,000 earlier in the day after strong economic data sparked concerns that Federal Reserve officials might cut rates more slowly. The world’s most valuable digital currency by total market capitalization fell to $92,500 this afternoon,…