Kraken Halts XRP Trading for U.S. Clients
Cryptocurrency exchange Kraken has announced its plans to halt its trades on XRP token, following the recent SEC lawsuit against Ripple Labs. According to the blog post, the suspension will only affect Kraken clients living in the U.S. and will begin
FCA Warns About Crypto Investment Risks
The United Kingdom’s financial watchdog, the Financial Conduct Authority (FCA) has warned cryptocurrency holders and investors about the potential risks in the market. The FCA said investors in the market should be prepared to lose a major chunk of their investments
SEC’s Whistleblower Program Awards $1.1 Million
The US Securities and Exchange Commission (SEC) has spent an additional $1.1 million to award 5 Whistleblowers for providing vital information leading to an investigation. Based on a press release, the awardees provided important information for the SEC, leading to multiple
Stellar Announces Partnership For CBDC Development
The price of XLM rose by 40% following Stellar’s announcement of a collaboration with Ukraine to develop a Central Bank Digital Currency (CBDC) and a digital asset infrastructure. The Memorandum of Understanding and Cooperation was signed with Ukraine’s Ministry of Digital
Bitgo Fined For Servicing Sanctioned Users
A recent announcement published by the U.S. Department of the Treasury revealed that the OFAC (Office of Foreign Assets Control) fined crypto platform Bitgo. The fine comes after Bitgo allowed users from sanctioned countries to use its crypto wallet services,
India Plans To Impose 18% Tax On Bitcoin Transactions
Cryptocurrency traders and investors in India may soon be obligated to pay 18% tax from their crypto transactions and investment, according to the Times of India. In a bid to increase its revenue generation, the Indian government wants to impose the
Germany Allows Electronic Securities Records On Blockchain
The Berlin Cabinet recently passed a new law that allows blockchain technology to be utilized for recording all-electronic securities. The law is considered part of the broader blockchain strategy of Germany, which has been very vocal about blockchain technology. With the
XRP Price Falls Amid Looming SEC Case
The U.S. Securities and Exchange Commission (SEC) plans to file a suit against Ripple over the sale of XRP, according to Ripple’s Chief Executive Officer Brad Garlinghouse. However, there is no specific date for the lawsuit yet, but when it is
Banca Generali Launching Crypto Services in 2021
Kraken - Buy Bitcoin in U.S. These days it seems like no matter where you look there is another bank or major financial player touting their entrance into the cryptocurrency space. Whether its Sberbank looking for 5,000 new blockchain based ATM
Chinese Residents Benefit From Digital Yuan P2P Test
Although China may not be disposed to completely accepting Bitcoin and cryptocurrencies, the country’s position on its digital Yuan is no longer news. In August we reported about completed testing of the Digital Yuan. In the latest development, China will now