Iran gives permission to 30 firms to mine cryptocurrencies
Amidst, crypto crackdown here and there, Iran has authorized some particular firm in the country to mine cryptocurrencies. Following a period of anti-crypto warfare, Iran suddenly appears to be easing cryptocurrency restrictions. According to the Financial Tribune of Iran, the government has awarded new mining licenses to 30 companies through the Ministry of Industries, Mining, […]
The US dollar is not threatened by Foreign CBDCs and stablecoins-Fed vice-chair
Randal Quarles said although considering how stablecoins and CBDC’s are constructed, they could not disturb the US dollar. The Federal Reserve Board of Governors’ vice chair for supervision, Randal Quarles, believes that neither dollar-pegged stablecoins nor digital currencies issued by other central banks are likely to be substantial sources of worry for the US currency. […]
Huobi bans crypto trading for its Chinese users
Huobi exchange has stated that users in China will no longer be able to trade crypto derivatives on the platform Huobi, a cryptocurrency exchange platform, has revised its user agreement contract to prohibit consumers in China from trading crypto derivatives. The restriction on crypto derivatives trading, according to the Huobi Global website’s amended user agreement […]
BTC-e operator Alexander Vinnik sentenced to 5 years imprisonment
Alexander Vinnik’s sentence to five years in prison has been upheld by a French court as a penalty for committing money laundering. The five-year prison sentence imposed on BTC-e operator Alexander Vinnik by a Paris court of appeals has been maintained. Vinnik/BTC-e had committed money laundering as part of an organized criminal group and gave […]
BTCC, First Bitcoin exchange in China exits crypto
China’s first Bitcoin exchange operator BTCChina has reportedly sold its stake in the Singapore-registered Bitcoin exchange ZG.com. According to certain sources, BTCChina, the operator of China’s oldest Bitcoin (BTC) exchange, is no longer in the crypto business. According to Chinese news source The 21st Century Business Herald, the corporation sold its stake in the Singapore-registered […]