Aftenpost, Norway’s largest newspaper, has confirmed that the Norwegian government will stop giving electricity subsidies to crypto mining firms in the country. Bitcoin mining firms in the country had been paying a lowly $0.05 per kilowatt which will soon rise…
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The State of Michigan Formally Bars the Use of Crypto for Political Contributions
A formal letter sent by the Michigan Secretary of State sees the use of crypto-currencies for political donations formally barred. The letter which was published on 8th November was in response to state legislature candidate William Baker, who had asked…
The US-Midterms sees a Number of Pro-crypto politicians scoop Top Seats
The much-anticipated midterm elections in the United States came and concluded last week with some interesting fresh faces coming to the fore. The mid-terms saw some interesting and progressive wins for minority women with Alexandra Ocasio Cortez becoming the youngest…
Unocoin Co-founder Arrested for Setting up Bitcoin ATM in India
37-year-old Harish BN was apprehended this week by the cyber crime police unit in Bengaluru India, for reportedly running a Bitcoin ATM without the relevant approvals. Harish is the cofounder of Unocoin, a blockchain based company responsible for setting up…
Financial Action Task Force: Global cryptocurrency regulation framework to be out by June 2019
The global watchdog for money laundering has announced that it will start publishing its first batch of cryptocurrency regulations by June next year. The Financial Action Task Force (FATF) said there is a great need to implement worldwide jurisdictions…
Celebrated boxing Legend Pacquiao takes the crypto world by storm, preparations to launch his own cryptocurrency on course
It’s all systems go as the much-awaited launch for Manny Pacquiao’s cryptocurrency finally nears. Reports from The Strait Times, a Singapore-based daily broadcast, indicated that the Global Crypto Offering Exchange (GCOX), a Singapore-based start-up will be in charge of the…
Japanese ‘expert meeting’ seeks to simplify tax payment for digital assets
Japanese Investigation Committee has commenced discussions aimed at improving the system by simplifying tax payment procedure for virtual currency holders. Reports by regional news outlet Sankei indicated that the committee, which also serves as the main advisory body for the…
World Bank President now Believes that The Blockchain has “huge potential”
The president of the world bank group Jim Yong Kim has expressed his view that blockchain technology has “huge potential” and that the bank should keep pace with innovative technologies. Kim’s remarks came at the international monetary fund (IMF) and…
The SEC Intensifies its Crackdown on ICO’S Despite Protests of Regulatory Ambiguity
The SEC continues its scrutiny on cryptocurrency projects by expanding their crackdown on initial coin offerings (ICOs). The watchdog’s heavy involvement in crypto by way of scrutiny is putting a lot of crypto projects at risk according to a study…
UK Crypto Regulations Could take Two Years to Arrive According to Legal Expert
Crypto-currency regulation talks have taken center stage in the developed world over the past couple of months with countries seeking to gain clarity from their financial regulators on where they stand when it comes to classifying cryptocurrency. In the case…