India: Central Bank’s circular on cryptocurrencies void on the basis of vagueness, claims counsel before the SC

The Supreme Court of India today resumed the ‘Internet and Mobile Association of India vs RBI’ case hearing. Continuing from its last hearing on the 14th of August, IAMAI Counsel, Ashim Sood, today argued that the action of the Reserve Bank of India was against the “doctrine of proportionality,” besides being based on no study […]
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Source: AMB Crypto

Tron Foundation continues to dominate DApp space as WINk records most volume

Tron Foundation has come a long way since its launch. The Foundation has time and again proved its dominance in the DApp space and its native token, TRX, has been listed in the top ten on CoinMarketCap multiple times. However, the coin has been climbing down the ladder in terms of market cap recently, and […]
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Source: AMB Crypto

Bitcoin [BTC] falls below $11k mark; Ethereum [ETH], XRP and Litecoin [LTC] follow suit

The largest cryptocurrency in the market – Bitcoin – tumbled below the $11,000 mark earlier today, reaching a low of $10,880.05 on Coinbase. According to CoinMarketCap, the cryptocurrency continues to rule the market with a whopping 68.5 percent dominance, but has recorded a loss of over 6 percent in the past seven days. At press […]
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Ripple exec confirms xRapid’s usage increase; indicates implementation as an ILP connector next year

Asheesh Birla, Senior Vice President of Product Management at Ripple, revealed that xRapid, a liquidity solution for banks that uses XRP, was currently dealing with a lot of traffic after indicating an influx of users. Ripple’s xRapid has been relatively active in the crypto-verse and it was also recently announced that MoneyGram Inc, the second-largest […]
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Source: AMB Crypto

Iranian government declares law for regulating cryptocurrency market

What may come as a shock to the rising Iran’s population that participates in digital coin mining activities, the Iranian government announced a law aimed at regulating cryptocurrencies within its jurisdiction. This newly announced law was aimed at citing cryptocurrency-related trade activities as unlawful inside Iran’s border. While the law underlined digital coin’s illegal status, […]
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Source: AMB Crypto

XRP worth an approximate $100 million moved as Bitcoin surges by 10%

Crypto community is enjoying the BTC bull ride as it breached the $11,000 mark. Bitcoin’s price surge became an opportunity for crypto enthusiasts and investors. WhaleAlert, the online cryptocurrency tracker, reported a transfer of funds worth 28,000,000 XRP in 10 drops from rs8ZPbYqgecRcDzQpJYAMhSxSi5htsjnza to rJb5KsHsDHF1YS5B5DU6QCkH5NsPaKQTcy. The transaction had a timestamp of 04:34:50 UTC, 5th August […]
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Source: AMB Crypto

Binance’s total monthly volume of 42.1 billion USD ensures exchange’s dominance

Digital asset data provider, CryptoCompare recently launched a crypto exchange guideline which aimed at ranking exchanges. The latest report from CryptoCompare revealed an array of exchange volume rankings in various categories. As per the report, Binance, the largest cryptocurrency exchange topped the “Crypto to Crypto Exchanges by Average Daily Volume” list with an average daily […]
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Source: AMB Crypto

Litecoin’s halving has community optimistic about coin’s trajectory

Litecoin’s halving will slash the current block reward of 25 LTC to 12.5 LTC. Recently, Litecoin made the headlines after the community pointed out the limited technological developments in its ecosystem; however, quickly enough, the foundation announced the launch of a wallet to in order to aid confidential transactions. On the eve of its halving, […]
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Source: AMB Crypto

Bitcoin’s low correlation with other asset classes aids as a portfolio hedge

Cryptocurrency exchange Binance recently released a research report that looked at Bitcoin’s limited correlation with other asset classes and its significantly high volatility. Bitcoin has recorded soaring volatility over the past ten years, especially in 2017, when the price of Bitcoin hit an all-time high of $20,000 from a low of $700, indicating a rate […]
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Source: AMB Crypto

Tron addresses super wave field scam and other developments in its monthly report

TRON network despite its progress on the Dapp front has been in the limelight for all the wrong reasons recently, mainly due to the recent controversies surrounding the super wave field scam. The stakeholders of the network seem to understand the public sentiment and this may have been the reason they addressed the issue in […]
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Source: AMB Crypto

Bitmain posts $625 million loss, hopes for a turnaround through sale of its 7nm miners

Bitmain, the world’s largest Bitcoin mining hardware producers, witnessed a significant turn of events from their 2017 hay days. In the following year which was dominated by the bear markets, like many other crypto-centered service providers even Bitmain saw a plunge in demand for its products, which subsequently took a heavy toll on its cash […]
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Source: AMB Crypto

China’s central bank fast-tracks R&D of its legal digital currency

The People’s Bank of China noted that they are going to track the development trend of virtual currencies of China and foreign in order to strengthen Internet financial risk remediation. After mulling over its centrally owned digital currency, China accelerated its research and development, according to the statement released by the People’s Bank of China […]
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Source: AMB Crypto

Money Tap Co. Ltd. finds new investors as Japanese banks embrace tech

In an industry where disruption is the status quo, only businesses that successfully redefine their core processes get to be a part of the next technological wave. This holds true for the crypto-ecosystem, as well as the banks that wish to continue being relevant in the near future. Considering crypto’s inevitable growth, financial experts have […]
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Source: AMB Crypto

Dash joins hands with BlockchainIntel to promote adoption and provide compliance reporting for exchanges

In an attempt to increase the adoption of its crypto, Dash has partnered with a “transaction monitoring solutions for blockchains” company, BlockchainIntel. BlockchainIntel analyzes cryptocurrency transactions, along with addressing and risk-scoring them based on ‘evidence of possible nefarious activity.’ Dash will aid BlockchainIntel with respect to regulatory compliance for exchanges and other businesses, in order […]
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Source: AMB Crypto

More trouble for Facebook’s Libra, Bitcoin falls below key indicator and more

Crypto News – 24 July – More trouble for Facebook’s Libra, Bitcoin falls below key indicator and more Don’t forget to follow us for our daily videos pic.twitter.com/CvsXwe2o5P — AMBCrypto (@CryptoAmb) July 24, 2019 Crypto News – 24 July Bitcoin puts two paradigm shifts into motion Bitcoin has evolved from the dark web and the […]
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Source: AMB Crypto