Privacy-focused cryptocurrency Monero (XMR) rallied by nearly 9.5% in the past week compared with the crypto market’s decline of 8.5% in the same period. What’s more, the XMR/USD pair has broken above a strong, multi-month …
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Category: Trading
DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme
Satish Kumbhani is the founder of BitConnect crypto-exchange. He was accused of defrauding investors of $2.4 million and misleading them globally. According to the Department of Justice (DOJ), a San Diego-based federal grand jury specifically …
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Is it possible for Afghans to use crypto as a form of government support?
Numerous international non-governmental services and organizations stopped operations in Afghanistan following the August 2013 takeover by the Taliban. These included services that allow payment such as Western Union or Swift. Many Afghans subsequently began to …
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Fed Senior Officials will not allow crypto-, stock, or bond trading.
Federal Open Market Committee or FOMC has approved rules that prohibit top Federal Reserve officers from buying and holding cryptocurrency and other investments. In a Friday announcement, the FOMC said that starting on May 1, …
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India’s crypto tax supplies little authorized readability for merchants and exchanges
Earlier in February, Indian Finance Minister Nirmala Sitharaman introduced a tax proposal that may carry the comparatively unregulated digital asset house below the purview of tax authorities. The proposal features a 30% revenue tax on …
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House members call for an end to lawmakers trading stocks — is crypto next?
Recent efforts to prohibit legislators investing in stocks may prove successful. Congresspeople currently hoarding or trading crypto currency could be made to stop. In a Monday letter addressed to Speaker Nancy Pelosi and Minority Leader …
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