Indian Doctors Warn Citizens About Illegal COVID-19 Vaccine Sales for Bitcoin

Indian doctors confirmed that the sale of unauthorized Covid-19 vaccines on the black market, where vendors sell the vaccine for Bitcoin is illegal. The doctors stated that the unsanctioned marketing of the vaccine to the elite is prevalent in the state of Karnataka. Some doctors say the Indian government must …

UK Government Approaches Crypto Industry to Provide Insights on Regulatory Approach

The U.K. government has issued a document that shows a series of proposals addressing the crypto community. Through the approach, the Treasury is initiating a “regulatory approach to cryptocurrency and stablecoins” for 2021 following the Brexit turmoil. The official announcement stated that the consultation largely targets stablecoins to gather investments and wholesale …

China Introduces New Feature For Digital Yuan

The People’s Bank of China (PBoC) has launched a physical card-wallet initiative to test its digital yuan. Coffee shop staff in a Shanghai-based university hospital was chosen as participants in the pilot. As per the report published by Tencent News, employees at Shanghai Jiao Tong University School of Medicine’s Tongren Hospital …

Facebook Blocks Trump’s Account Until End of His Term

The recent rally on Capitol Hill in Washington, D.C. has turned into a storm of the capitol itself by Trump supporters following a speech in which the president stated “we will never concede.” Facebook CEO, Mark Zuckerberg announced the end of Trump’s reign on the platform.  In his post, Zuckerberg noted that Trump …

JPMorgan Predicts BTC Will Raise Over $146K in Long Term

According to the report by Bloomberg, JPMorgan the Investment banking giant has called a long-term bitcoin (BTC) price target of over $146,000 assuming that the crypto will grow in popularity as an alternative to gold.  Nikolaos Panigirtzoglou, a strategist wrote: “A crowding out of gold as an ‘alternative’ currency implies a big upside …

Indian Arrested at Delhi Airport Worth 25 Million Rupees Crypto Scam

A 60-year-old man was taken into custody at Delhi International Airport, India on Thursday for leading a 25 million rupee ($340,000) cryptocurrency scam. Umesh Verma, a former jeweler, and greeting card maker, was detained by the Economic Offences Wing of Delhi police after arriving from Dubai. Delhi Police declared that Verma, along with his …

Indian Financial Authority Considers Bitcoin Tax Law

India’s finance ministry as planned for the enactment of Bitcoin (BTC) tax laws in the country. The Times of India reported that the ministry’s Central Economic Intelligence Bureau, or CEIB, recently submitted a draft document that suggests levying an 18% goods and services tax on Bitcoin trading. CEIB officials are aware of …

Israeli Tax Authorities Orders Citizens to Disclose Their Crypto Holdings

The Israeli Tax Authorities (ITA) has notified several Israelis that hold cryptocurrencies to fully reveal their holdings and asked them to be taxed. The authorities also sent inquiries to cryptocurrency exchanges operating in Israel and those based abroad.  The orders and inquiries sent by the revenue collector were being preceded by Israeli …

UK-based Crypto Exmo Hacked, Reports Loss Worth $10.5 Million

Exmo, a U.K.-based digital currency exchange reported on December 21, 2020, the firm had “detected suspicious withdrawal activity” and froze withdrawals. Exmo released an audit report and revealed “large withdrawals” of bitcoin (BTC), XRP, ZEC, USDT, ETC, and ETH. According to the Analysts, Exmo may have lost over $10 million …

Megan Thee Stallion Hands Out Bitcoins Worth $1 Million on Twitter

Cash App, the U.S.-based Bitcoin-friendly payments application has collaborated with Grammy-nominated rapper Megan Thee Stallion on a $1 million Bitcoin (BTC) giveaway. Megan announced the campaign via Twitter on Dec. 17. The rapper encouraged her followers to post “#BITCOINMEG” to be a part of the giveaway. The rapper announced: “I’m …

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