Joji Xavier

✉ editorial@rttnews.com

secobtains-may22.jpg The U.S. Securities and Exchange Commission or SEC announced that it has taken action to halt an ongoing $30 million diamond-linked cryptocurrency Ponzi scheme targeting hundreds of investors in the U.S. and Canada. The SEC sought permission from the U.S. District Court for the Southern District of Florida to take action against South Florida-based cryptocurrency business firm Argyle Coin LLC, a

bitcoinminer-may22.jpg The Netherlands tax authority's investigative department (FIOD) has arrested a businessman for bitcoin miner fraud worth more than €2 million ($2.2 million). FIOD said its agents arrested the 33-year-old man, whose identity not disclosed, from Apeldoorn in the central province of Gelderland on Monday. The man, who owned two private limited companies, launched a scheme to sell computers for mini

billtoregulate-may21.jpg The Bahamas securities watchdog has drafted a regulatory framework for the issuance and sale of cryptocurrency, and for its sellers and intermediary service providers in the Caribbean archipelago. The Securities Commission of the Bahamas released the draft Digital Assets and Registered Exchanges Bill, or DARE Bill 2019, for industry and public consultation. The SCB will listen to the public's vie

irstoissue-may21.jpg The U.S. Internal Revenue Service has announced that it will soon issue guidance on how digital currency transactions and investments should be reported when tax payers file their income tax return. This was informed by IRS Commissioner Charles P. Rettig in reply to a letter by a bipartisan group of Congressmen. 21 lawmakers, led by Rep. Tom Emmer, sent a letter to Rettig last month as the deadl

cryptocurrenciespose-may20.jpg The European Central Bank (ECB) said cryptocurrencies do not pose any threat to the financial stability of the euro zone. This was the conclusion of an analytical study conducted by ECB's Internal Crypto-Assets Task Force (ICA-TF). The task force was established to analyze crypto assets' potential implications for ECB's monetary policy and the risks they may entail for the smooth functioning of m

coinbaseearn-may20.jpg Coinbase Earn, one of the digital currency exchange's ventures that allows users to earn while learning about cryptocurrencies, has been expanded to more than 100 countries. Introduced in 2018, Coinbase Earn will require users to answer quizzes, complete tasks, and try new decentralized protocols pertaining to some cryptocurrencies. Users can sign up to Coinbase and start earning immediately upon

weeklyroundupcrypto-may17.jpg The highly volatile and unpredictable nature of Bitcon was once again on display during trading this week, as it fell down sharply from record heights within a few days. It was a dream run for Bitcoin in the first half of this week. by shooting above $8000 Monday. But in the last two days it lost heavily, by around $1000. on Wednesday, it reached $8314, the highest in nearly a year. A massive t

bondtransaction-may17.jpg The International Bank for Reconstruction and Development (World Bank) and Commonwealth Bank (CBA) have enabled recording of secondary market bond trading on Blockchain. This is the first time that secondary bond trading is recorded using distributed ledger technology. "This illustrates the vast potential to enhance the co-ordination of securities trading and management on blockchain - delivering

canaccordanalysts-may17.jpg A research paper by investment banking firm Canaccord Genuity said that Bitcoin price will return to its all time high levels of around $20000 in two years. Analysts at Canaccord Genuity say they have reached this conclusion noting the striking similarity in bitcoin's price action between two four-year periods of 2011-2015 and 2015-2019. "Bitcoin has started to form the spring 2019 bottom we be

ethereumprice-may16.jpg Ethereum (ETH) reached its highest level - $273 - in more than seven months on Wednesday. The last time the world's second largest cryptocurrency traded above this value was on September 4, 2018. ETH is changing hands at the time of this writing at $256.76 against US Dollar on Conibase. Several altcoins have benefited recently by Bitcoin's exciting bull run. Ethereum seems to have gained the

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