Ripple Sued for Alleged Violations of US Securities Laws

A class action lawsuit has been filed against Ripple Labs, its CEO, and subsidiary. The plaintiff alleges that the defendants have violated the state and federal securities laws, engaging in schemes to raise hundreds of millions of dollars through the sale of unregistered ripple tokens (XRP). Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more

Cryptocurrency Bets Surge at Kentucky Derby

Betting with cryptocurrencies has grown significantly, including at the most famous US horse race, the Kentucky Derby. Using them to place bets on some of the web’s largest sportsbooks yields a number of benefits such as no fees and more frequent withdrawals. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Rising Trend of Crypto … Read more

Everyone in This Village Now Owns Cryptocurrency

In a small village in Ukraine, all residents are now owners of cryptocurrency, thanks to an initiative by the head of the village council. Cryptocurrencies, such as bitcoin and ether, can also be used in the village to purchase items such as eggs, lard, meat, and milk. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more

Indian Investors Flock to Trade Crypto Ahead of RBI Ban

Investors in India are flocking to trade cryptocurrencies before the ban order by the Reserve Bank of India takes effect. There is a positive sentiment in the local crypto community that the Indian government will not outright ban crypto trading. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Investors Rush to Get Into Crypto … Read more

Samsung Profits Surge on High Demand for Bitcoin Mining Chips

South Korean Samsung Electronics saw its operating profits surge in the first quarter of this year compared to the previous year. The company attributes the increase to its semiconductor division which manufactures bitcoin mining chips and says that it expects the trend to continue into the second quarter. Also read: Yahoo! Japan Confirms Entrance Into the … Read more

Major Belarusian Bank Starts Offering Bitcoin CFD as Belarus Gets Less Crypto Friendly

A well-known bank in Belarus will begin offering a bitcoin contract for difference (CFD) product through its platform, a joint project with a Swiss bank. Meanwhile, Belarus is growing less crypto friendly, reportedly amending its decree to impose strict KYC rules. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space New Bitcoin CFD Product Mtbankfx is an accredited … Read more

Bitcoin Smart Banknotes Launched in Singapore

A digital asset smart banknote manufacturer has launched bitcoin banknotes at a store in Singapore. Designed to make owning and circulating cryptocurrencies as easy as using paper money, they are currently available in denominations of 0.01 and 0.05 BTC. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitcoin Banknotes Debut in Singapore Digital asset … Read more

Goldman Sachs Launching Bitcoin Trading Operation Within Weeks

Goldman Sachs is reportedly launching a bitcoin trading operation where it will trade bitcoin futures contracts on behalf of clients using its own money, starting as early as the next few weeks. The Wall Street investment firm will also offer its own bitcoin futures product to clients. Also read: Yahoo! Japan Confirms Entrance Into the Crypto … Read more

Australia Cracks Down on Misleading and Deceptive Initial Coin Offerings

Australia’s financial regulator is cracking down on deceptive and misleading initial coin offerings (ICOs), citing “a serious breach of the Australian law.” As a result of the regulator’s inquiries, some issuers have halted their token sales or are modifying their structures. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space ASIC Takes Action Against ICOs … Read more

South Korean Lawmakers Draft Bill to Legalize Some Initial Coin Offerings

A group of South Korean lawmakers is working on a bill to legalize initial coin offerings (ICOs), providing they meet certain conditions under the supervision of the government. Meanwhile, the current ICO ban in the country has driven many domestic corporations to raise capital overseas. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bill … Read more