Indian Investors Lose Estimated $3.2bn In Bitconnect Ponzi

The BJP led government came to power by making outlandish promises of changing the financial situation in India. Prime Minister Narenda Modi promised to create millions of jobs, bring billions in foreign investment via his ‘Make in India’ initiative and

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SALT Lending Offering Crypto Loans To 20 New US States

Most crypto-currency investors buy digital currencies such as Bitcoin and Ethereum as a long term investment. However things are changing dramatically in the cryptocurrency industry as companies like SALT Lending are changing the landscape by offering their customers fiat money

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UAE Exchange Signs With Ripple To Use Blockchain Technology

The UAE Exchange which is one of the most popular exchanges in the world recently announced that it has signed a deal with Ripple (creator of the cryptocurrency XRP) to incorporate Ripple's blockchain technology into UAE Exchange's payment system. UAE

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Major US Banks Issue Fresh Ban On Cryptocurrency Purchases

More financial institutions are dropping support of Bitcoin and other cryptocurrencies as they decide to ban crypto purchases done via their bank’s credit cards. Major US credit card issuers such as the Bank of America Corp. (BoFA), JPMorgan Chase &

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Korean Cryptocurrency Traders To Be Fined For Not Converting Virtual Accounts

South Korean financial authorities recently announced that South Korean cryptocurrency investors must convert their virtual accounts into real name accounts. Cryptocurrency traders who refuse to convert their virtual accounts into real-name ones will be fined. This announcement does not come

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Visa Crackdowns On CryptoCurrency Card Provider WaveCrest

Thousands of pre-paid cryptocurrency card users were affected over the weekend after Visa decided to crackdown on a popular card provider and suspend its services. WaveCrest, a Gibraltar-based company issues pre-paid cryptocurrency cards that allows its users to make payments

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BoE Thinks About Introducing Its Own Cryptocurrency

The cryptocurrency craze of 2017 does not look like it is going to fade out anytime soon. The Bank of England (BoE) recently announced that its senior executives have been hold discussions regarding the possibility of introducing their own version

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Bitcoin Investors Concerned As It Takes A Massive Plunge

For many Bitcoin investors, last week was a pretty stunning week as the cryptocurrency finally stopped its rise and started its price correction. From a stunning $20,000 high, it has dropped to $13,333. That is a 45% loss in value.

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North Korean Hackers Focusing On Growing CyberCurrency Market

South Korean researchers are sounding the alarm on recent North Korean cyber-attacks. North Korea has a special group of hackers that are endorsed by the government and have made it a habit in the past to hack websites to steal

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SEC Chief Urges Cryptocurrency Investors To Exercise Caution

US Securities and Exchange Commission (SEC) Chairman Jay Clayton released a statement this week, warning everyone who are currently trading and interested in the exchange of initial coin offerings (ICOs) to exercise extreme caution when dealing with cryptocurrencies. While cryptocurrency

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