Indian Prime Minister Narendra Modi has reportedly chaired a comprehensive meeting on cryptocurrency and related issues in India. The meeting was an outcome of a consultative process involving the central bank, the Reserve Bank of India (RBI), the Ministry of Finance, and the Home Ministry. PM Modi Chairs Crypto Meeting India’s Prime Minister Narendra Modi reportedly chaired a very comprehensive…
Galaxy Digital Holdings, Mike Novogratz’s cryptocurrency investment management firm, is not going public in the United States in late 2021 as the firm previously planned. Galaxy Digital has postponed plans for a U.S. listing, now expecting to go public in the first quarter of 2022, the company’s founder and CEO Novogratz announced Monday. “We look forward to our U.S. listing…
The Chinese Communist Party (CCP) has expelled an official for allowing crypto mining to occur, among other party infringements, per an announcement. Xiao Yi was not only a party member of the CCP, he was also the vice-chairman of the Jiangxi Provincial CPP Consultative Conference. The CPP claimed Yi “abused his power to introduce and support enterprises to engage in…
The Hedera Governing Council has accepted cloud-based digital workflow platform ServiceNow as its newest member. Hedera intends to integrate the Now Platform to create a new level of trust and accountability in digital transformation transactions. Hedera and ServiceNow will develop trusted processes based on digital ledger technology, or DLT, for interactions that span multiple companies, according to the company’s press…
The crypto market is again a sea of red, with Bitcoin plunging to a low of $59,483 at press time, according to CoinGecko. This marks a 9.7% drop in the leading cryptocurrency. According to data provided by Coinglass, $807.78 million worth of longs has been liquidated in the last 24 hours. Bitcoin liquidations make up more than 30% of that…
Israel has reportedly enacted new regulations related to the cryptocurrency industry in order to combat illegal activities like money laundering and terrorism financing. The government of Israel enforced new Anti-Money Laundering (AML) regulations on Sunday, requiring local fintech companies and virtual currency service providers (VASPs) to obtain an operating license, local news agency Globes reported. The Israel Securities Authority, the…
On Monday, the sports and entertainment collectibles giant Topps announced the launch of non-fungible tokens (NFTs) based on the firm’s classic science fiction-themed trading card series Mars Attacks. The limited-edition NFT collection will be hosted on the NFT platform Curio and will “mark Mars Attacks’ introduction into the blockchain.” Topps Launches NFTs Dedicated to the 1962 Hit Collectible Trading Card…
Bitcoin (BTC) whales are back in the game near $60,000 as data shows classic bull market behavior. According to on-chain monitoring resources on Nov. 16, the third-largest Bitcoin whale address has increased its holdings by 207 BTC. Whales buy the dip Despite falling 8% over the past 24 hours, Bitcoin remains a solid buy for its biggest investors. For one…
China is pressuring its own state-owned businesses to cease mining cryptocurrencies, and the government is considering harsh penalties on firms that continue, including higher energy expenses. According to reports, Meng Wei, a spokesperson for the National Development and Reform Commission (NDRC), said at a press conference that as China’s top economic planner, the NDRC intends to regulate industrial-scale bitcoin mining and…
Australia’s largest digital assets exchange, BTC Markets, has announced it will be adding two new senior additions to its Advisory Board, David Raper and Garry Duursma. BTC Markets has 325 thousand Australian clients, who have traded over AU$17.1 billion on the platform. BTC Markets CEO Caroline Bowler told Cointelegraph that the appointment of the two new execs would help the…
