New Cryptocurrency In late March 2018, President Nicolas Maduro officially announced the inception of petro (PTR), Venezuela’s new digital currency. He shares that PTR is backed by the country’s oil, gas, diamonds and gold with $735M being successfully raised on…
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Indian government functionaries continue to discourage cryptocurrencies
The Government of India (GoI) doesn’t regard cryptocurrencies as legal tenders, and senior GoI functionaries continue to discourage use of cryptocurrencies. The latest statement from Mr. Shaktikanta Das, former Secretary of Economic Affairs in GoI, a senior official who was…
Government of Maharashtra (India) explores blockchain technology to improve governance
Author – Anujit The state government of Maharashtra, the western Indian state, has started to explore blockchain technology to improve governance delivery, and bring in greater transparency, and in turn, better trust, between citizens and government. With this, the state…
Government of India (GoI) discourages cryptocurrencies but welcomes blockchain
Author – Anujit, India On February 1st 2018, the Government of India (GoI), as part of its annual budget exercise, formally discouraged use of cryptocurrencies. However, GoI has also welcomed the blockchain technology, and vowed to explore it further. Reserve…
Introducing Blockchain System into Government Administration
The advantages of blockchain technology can no longer be denied. This decentralized network can offer a lot of benefits to a different section of society like industries, education, and environment.so the governments around the world should think to use blockchain…
State government of Indian state Karnataka explores blockchain to improve e-governance:
Author – Anujith U The state government of Karnataka, a state in the southern part of India , is exploring blockchain technology, for e-governance. A hackathon named “Blockchain Hackathon for Governance” will be held in the state capital Bengaluru, better…
Indian government evaluates blockchain as a governance tool
Guest Post – Anujith Union Government of India (GoI) is intensifying its already spectacular anti-corruption drive, which has so far seen impactful actions such as using technology to minimize subsidy leakage, and demonetization of high value currency notes that were…
US Justice Department Appoints FRA as Binance Monitor Following $4.3 Billion Plea Deal
In a significant development, consulting firm Forensic Risk Alliance (FRA) has been chosen by the United States Justice Department to fulfill the role of an outside monitor for Binance Holdings Ltd. This decision comes after Binance pleaded guilty to violating…
India Grants Binance and KuCoin Approval Signaling Shift in Crypto Industry Credibility
In a significant development for the cryptocurrency industry, Binance and KuCoin, two prominent offshore crypto platforms, have received approval from India’s Financial Intelligence Unit (FIU-IND), the anti-money laundering unit under the country’s Finance Ministry. This comes after a previous ban…
U.S. Department of Justice Charges Cryptocurrency Wallet Developers in Major Legal Shift
In recent developments, the U.S. Department of Justice (DOJ) has initiated criminal charges against cryptocurrency wallet developers, marking a significant shift from the longstanding governmental stance that such developers are not money transmitters. This article delves into the intricacies of…
Tornado Cash Receives $3.3M in Ether Following Poloniex Hack Theft
In a shocking incident that sent shockwaves through the cryptocurrency community, a skilled hacker managed…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
