Indian Man Scammed Out of 10 Crores Over Bitcoin | Coindelite News
Bitcoin News

Indian Man Scammed Out of 10 Crores Over Bitcoin

Chandigarh, a northern Indian State has become the witness for one of the biggest cryptocurrency scams in the country. The Chandigarh Police has filed a chargesheet against four people accused of scamming a victim out of  ₹6-10 crore ($0.8 – 1.4 million)  through a digital currency investment fraud. The names …

French Tobacco Companies to Deal With Bitcoins | Coindelite News
Bitcoin News

French Tobacco Companies to Deal With Bitcoins

France based tobacconists have announced that they are going to sell Bitcoins to the public from the next year. France-based radio station Europe 1 announced that the tobacco retailers would offer Bitcoin vouchers in categories of 50, 100 or 250 euros (around $57, $114 or $285) from Jan 1, 2019. Keplerk, a …

Saudi Arabia Plans to Launch Own Crypto in 2019
Cryptocurrency News

Saudi Arabia Plans to Launch Own Crypto in 2019

In 2018, we witnessed multiple countries issuing their own cryptocurrencies. While not all rollouts are successful implementations, it has done little to discourage nations. Even though Venezuela’s Petro is a failure, it hasn’t stopped countries like Saudi Arabia to consider cryptocurrencies. Recently, it was announced that Saudi Arabia will be …

Indian Government To Regulate Cryptocurrencies | Coindelite News
Cryptocurrency News

Indian Government To Regulate Cryptocurrencies

The Indian government is finally planning regulations on cryptocurrencies such as Bitcoin, Ethereum by next month. The government recently published a document explaining the plans to regulate digital currencies. According to the reports, the regulatory body will be issuing new rules on cryptocurrencies under the guidance of Prime Minister Mr. …

Indian Exchange CEO Asks Government to Regulate Cryptos | Coindelite News
Crypto Regulation

Indian Exchange CEO Asks Government to Regulate Cryptos

Indian Finance Minister Mr. Arun Jaitley was openly asked to look into the regulation of Bitcoin and altcoins. Mr. Nischal Shetty, CEO of WazirX has reached out to India’s top lawmaker on Twitter. The CEO requested the minister to focus more on cryptocurrencies’ potential benefits rather than its limited misuse. …

Startup Backed By Coinbase Launches Crypto Miner
Crypto Mining

Startup Backed By Coinbase Launches Crypto Miner

Arrington Ventures and Coinbase are backing an upcoming startup which is planning to launch cryptocurrency miners for home use. It is important to note that this miner won’t be capable enough to mine Bitcoin (BTC). The startup is called Coinmine and it is operated by Farb Nivi, a computer scientist …

$30 Million Crypto Trading Fund To Launch In Shanghai | Coindelite News
Cryptocurrency News

$30 Million Crypto Trading Fund To Launch In Shanghai

A Shanghai-based cryptocurrency management company is planning to launch a new crypto trading fund through an unnamed partnership in Hong Kong. The company is named Point95 Global. The partnership is being carried out with an unnamed licensed asset manager based out of Hong Kong. This new private fund will focus …

Crypto Miners in Sweden Vanish Leaving Huge Bills | Coindelite News
Crypto Mining

Crypto Miners in Sweden Vanish Leaving Huge Bills

The Swedish county of Norrbotten recently fell victim to a couple of cryptocurrency mining scams. The companies in question left behind unpaid electricity bills before fleeing. More than half of Norrbotten’s area falls under the Arctic circle. Cold temperatures are ideal for mining cryptocurrencies. In fact, the Älvsbyn and Kalix …

Arizona Man Arrested over $1.1 Million Crypto Fraud
Crypto Scam

Arizona Man Arrested over $1.1 Million Crypto Fraud

That is seldom a day which goes by without any cryptocurrency related scams. In a recent incident a man from Phoenix, Arizona was arrested and sentenced for misusing cryptocurrencies. This is notably the first prosecution in the cryptocurrency trading industry for Chicago. The convict is accused of mishandling $1 million …

Bahama Announces Cryptocurrency Regulations | Coindelite News
Cryptocurrency News

Bahama Announces Cryptocurrency Regulations

The Central Bank of The Bahamas (CBOB) has published a document which describes how it intends to regulate cryptocurrencies. The regulation includes Initial Coin Offerings (ICOs) as a part of decreasing the tax evasion, fraud, and money laundering. The regulation makes it clear that only the state-issued cryptocurrency will be …