‘IAMAI vs RBI’ case: RBI’s aims to justify banking ban legally, keeping crypto sentiment aside 

The Reserve Bank of India had restricted the banks from processing any cryptocurrency transactions, that caused inconvenience to many crypto holders in the country. Following this ban, many took to the legal route and filed a petition against this ban, which is being heard in the Supreme Court of India. Over the course of four […]
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Source: AMB Crypto

XRP price takes a hit as coin breaches out of descending triangle pattern in short term

Despite the boost in its price, XRP failed to hold the price above $0.30 and slipped back to its bearish price zone. Short term charts of the coin suggested a breach of bearish pattern, after which its price stood at $0.2791, at press time. 1-hour  XRP’s 1-hour chart revealed the formation of a descending triangle […]
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Kate Winslet takes action against ‘Bitcoin scammers’ for using her image and fake quotes for promotion

Kate Winslet, the famous Hollywood actress is taking legal action against online crypto scammers who used her image and fake quotes to promote their Ponzi coin Bitcoin Code, reported Mirror. According to reports, the scammers posted several fake quotes of the actress from a fabricated interview with BBC. In the fabricated interview, the actress claimed […]
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Telegram investor concedes to being worried about Facebook launching Libra before TON and GRAM

TON, the highly anticipated blockchain project from messaging giant Telegram, has reportedly entered its last stage of development, summing up its progress from early 2018. Facebook’s Libra, which entered the fray in early 2019, was speculated to be potential competiton for Telegram’s GRAM token. However, due to regulatory concerns, the crypto-asset’s official release has been […]
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Former Overstock CEO sells shares worth $90 million to create a cryptocurrency hedge fund

According to a regulatory filing on Wednesday, Patrick Byrne, former CEO of Overstock, has sold all of his 13 percent stake in the Internet retailer, 20 years after founding the company. In a letter written to his former colleagues at Overstock, Byrne stated that by 20 September, all of the proceeds would be going into […]
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Iran takes another step towards embracing cryptocurrencies after draft proposal introduces licensing

It is a well-known fact that over the last three months, the Iranian government is trying to authorize cryptocurrency mining in order to boost the financial status of the nation, while also evading U.S sanctions. The popularity of crypto-mining in Iran due to low electricity costs has been evident for a while and now, the […]
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United States’ Congress schedules new meeting with SEC officials to discuss cryptocurrencies

Recently, Bitcoin was in the spotlight after the Securities and Exchange Commision’s (SEC) Chairman, Jay Clayton, said that the digital gold would be required to be regulated, before it and a host of cryptocurrencies can be traded on a major exchange. In more news, the U.S Congress has now announced scheduling a meeting with SEC […]
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CME retains its supremacy in derivatives market beating Grayscale

Digital asset data provider, CryptoCompare releases a report every month, that encapsulates progress of cryptocurrency exchange market. The report reveals a series of charts citing different segments of the crypto market. The cryptocurrency data provider recently released a report for the month of August. The report revealed that the derivatives marketplace, Chicago Mercantile Exchange [CME] […]
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Binance’s monthly volumes continue to dominate despite 41% fall in July figures

CryptoCompare, a cryptocurrency data provider, launched digital asset exchange review guidelines a while back, a review that ranks exchanges every month. CryptoCompare released its first report in August, revealing the performances of exchanges for the month of July, a month where Binance led the board with a whopping $42.1 billion monthly volume. The data provider […]
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Ripple-backed Coil enters into partnership with Mozilla, Creative Commons

Coil, a Ripple-backed organization which facilitates payment solutions for major companies on the Internet to accept XRP as a form of payment, has entered into a major partnership with Mozilla and Creative Commons. Founded by Ripple CTO Stefan Thomas, Coil came to an agreement with Mozilla and Creative Commons to launch a $100 million grant […]
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Ethereum’s price embraces bullish recovery, but another bearish slump is imminent

Ethereum’s price supported by strong market fundamentals was flying high on the charts, at press time. After rallying past a lackluster period of price activity, the second-largest digital asset was up by almost 6 percent over the last 24 hours. Breaching major resistance at $197.38, the valuation crossed the $200 mark for the first time […]
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Source: AMB Crypto

Binance.US reveals 3-tiered account verification process to comply with United States’ regulatory climate

Malta-based cryptocurrency exchange Binance made news a few months ago after it announced that it would restrict its services for U.S. residents. Despite gaining about 15% of its monthly traffic from the United States, Binance geo-blocked U.S. customers due to the regulatory climate. However, Binance wasn’t the only exchange to back out from the U.S. […]
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Source: AMB Crypto

Facebook in the crosshairs of regulators once again; this time the authorities’ concern may be warranted

Facebook cannot seem to catch a break at the moment. The Menlo Park giant, since unveiling Libra, has been in the eye of the storm. Hailed as the medium to ‘bank the unbanked,’ Libra, in its brief existence, has only managed to enrage the already enraged. With the world’s regulators claiming the project will alter […]
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Litecoin eliminates chargebacks & high transaction fee, making it compelling case for merchants

“I have probably talked to well over 1,000 businesses about Accepting Litecoin, and over 100 of them have implemented Litecoin as a means of payment”, said Jon Moore, VP of Nationwide Merchant Solutions and a vocal Litecoin proponent. In a blog post by Litecoin Foundation, titled ‘Community Spotlight: Jon Moore Is On A #PayWithLitecoin Mission’, […]
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Bitcoin’s monetary and sentiment value will rise as trust in govt and media companies decreases

There is no hiding from the fact that digital assets, especially Bitcoin, has managed to hold its ground in the financial ecosystem. The last 10 years has been instrumental for its development, as the digital currency went through its own set of economic hurdles and fighting common criticism for the traditional assets industry. In the […]
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