China has 421 Fake Cryptocurrencies, says, a Report

Chinese Government Research says the Country has 421 Fake Cryptocurrencies Chinese government supported the organization has published a report of fake cryptocurrencies. According to the report, it has found 421 fake cryptocurrencies, 60% of them are used overseas. The team has also mentioned major red flags on these fake cryptocurrencies. …

James Coffey Files suit against XRP and Ripple CEO

The Lawsuit against Ripple Filed Questioning its Security The suit filed against Ripple by James Coffey has been gathering much attention, especially on Twitter. Many Twitter users, however, do not agree that the suit represents the best interests of the XRP investors divergent from what the lawsuit alleges. However, Ripple …

Ethereum was Compared with Apple at the Vienna Conference

Wozniak Discusses How Ethereum is Similar to Apple at the Vienna Conference Steve “Woz” Wozniak compared Ethereum’s platform with Apple at the WeAreDevelopers tech conference in Vienna and said that it could become equally influential, as reported by Forbes on May 18. Wozniak during his speech was eager about Ethereum …

Reasons Why Ripple is not Going Anywhere Soon: Explained!!!

xRapid and xCurrent could be the Reason for Ripple to Stay in the Markets International monetary transfers take two to three days to complete. However, Ripple’s product xRapid eliminates financial friction while processing these kinds of transactions. A few days ago, Ripple revealed that xRapid underwent a successful pilot run …

Crypto Scammers Arrested in China for $47 Million Fraud

Tea Tokenizers Arrested in China with $47 Million Crypto Fraud Law enforcement in China has busted another cryptocurrency project for asking money from investors with fraudulent requests. According to the report, on Monday police in Shenzen arrested six crypto scammers who cheated 3,000 Chinese investors with $47 million by selling …

Norway Central Bank Considers Launching its Own Digital Currency

Norway Central Bank is Thinking of Developing their Own Cryptocurrency As Per a working Paper on 18th May, Norges Bank, Norway’s Central Bank, is thinking of developing its own cryptocurrency as a supplement for cash to “ensure confidence in money and the monetary system.” According to a report made by Norges …

Russia Makes another Move towards Cryptocurrency Regulation

Russian Regulators say Legal Term is “Digital Money” Instead Of Cryptocurrency Dmitry Medvedev, the Prime Minister of Russia, has explained crypto-regulating movements which took place. Rather than using words like cryptocurrency and tokens, lawmakers are working on legal terms called digital money and digital rights as expressions. Cryptocurrency Slang will …

A Quick Glance about Ripple’s Recent Progress

Ripple Gradually Benefiting from the Initiation of New Plans Several tests have been conducted on Ripple’s platforms and almost every time Ripple tops the test. The products of Ripple, xRapid, xCurrent and xVia are reliable, robust and functional. Hence, the above factors could be the reason Ripple and XRP are …

Ukraine Drafts Law to Authorize Digital Currencies, Invites Crypto Community to Participate

Ukraine is Drafting Law to Legalize Cryptocurrencies, Fuels Debate In Crypto Community On May 15, Alexei Mushak, a member of the Ukrainian parliament, posted a notice on his Facebook page. In which he stated the Ukrainian government is planning to legalize digital currencies and asked for inputs from cryptocurrency experts. …

The U.S. Federal Governor States ‘No Compelling Need’ for US Central Bank Cryptocurrency

‘No Compelling Need’ for US Central Bank Digital Currency Says the U.S. Federal Governor There is no “compelling” need for a Federal issued cryptocurrency says Lael Brainard, member of the board of governors at the U.S. Fed Reserve. Addressing at the Decoding Cryptocurrency Conference yesterday in San Francisco, Lael Brainard …

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