..

Bitcoin, Other Cryptocurrencies Take a Beating as India Banks Suspend Accounts

Written by:
Guest
Published on:
Jan/21/2018

Bitcoin was taking another beating Sunday after it appeared the cryptocurrency was making a comeback Saturday.

Bitcoin Core was down more than 12% over the past 24 hours to $11,201, Bitcoin Cash was down 16% to $1,722 and Ethereum was down 11%. 

The plunge appeared to culminate after a number of Indian banks decided to suspend cryptocurrency trading accounts. 

From CoinTelegraph:

The banks cite the risk of dubious transactions, according to local reports.

The news follows the request of advocate Bivas Chatterjee who recently filed a public interest litigation (PIL) in Calcutta to impose immediate regulations on Bitcoin and other cryptocurrencies. Additionally, the Ministry of Finance referred to Bitcoin as a ponzi scheme before the end of last year.

Last week's news that South Korea and China had planned to crack down on cryptocurrency trading initially sent prices crashing.

- Aaron Goldstein, Gambling911.com

 

Business/Financial News

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase Goes Public, Exposure to Regulatory Danger?

Coinbase is making its initial public offering of stock April 14 and this has helped push the price of Bitcoin up to near $64,000 as of Wednesday morning.

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

Sudan Embraces the Blockchain, Arizona One Step Closer to Sports Betting

The Bitcoin Association and the BSV delegation was welcome by the Sudan government last week in an effort to implement blockchain technology and this week Arizona was well on its way to becoming the next US state to legalize sports betting with only the Governor's signature needed.

Lawsuit Filed Against Dr. Craig Wright "Father of Bitcoin": Not Author of White Paper?

Suit Filed Against Craig Wright "Father of Bitcoin": Not Author of White Paper?

Suit seeks to prove Wright is NOT the rightful founder of Bitcoin, but some would argue we will know otherwise in due time.

Ethereum-based Virtue Poker Gets Malta Clearance

Ethereum-based Virtue Poker Gets Malta Clearance

Ethereum-based startup Virtue Poker plans to conduct an initial DEX offering (IDO). While these types of announcements typically get lost in the crypto waste dump - often where they belong - this one has a little more punch.

The Bitcoin White Paper:  Reclaiming Disk Space

The Bitcoin White Paper: Reclaiming Disk Space and Simplified Payment Verification (SPV)

Continuing in the series of YouTube episodes where Dr. Craig S. Wright and Ryan X. Charles discuss the Bitcoin white paper line-by-line, we arrive at the part of the discussion addressing multiple subjects. Both Reclaiming Disk Space and Simplified Payment Verification are talked about including a few other informative topics that sprung up.  

Syndicate