International auction house Sotheby’s will accept Cryptocurrency as payment for a 101.38-carat diamond This Friday, international auction house Sotheby’s will accept Bitcoin or Ether as payment for a 101.38-carat diamond, marking yet another milestone in cryptocurrency adoption. According to Sotheby’s, the pear-shaped perfect diamond might fetch up to $15 million in a single-lot sale in […]
Why is China cracking down on cryptocurrency?
BEIJING – Cryptocurrency prices have risen and fallen dramatically in recent weeks as China tightens its grip over cryptocurrency trade and mining. The huge mines of Sichuan province were shut down by Beijing on Monday, causing world-famous cryptocurrency to plummet by more than 10%. Crypto analysts are pondering why China is cracking down now and […]
NCB Arrests Indian ‘Crypto King’ – Wazirx Says Not Our User
The Narcotics Control Bureau (NCB) of India has detained a Mumbai resident known as “crypto king,” who reportedly used bitcoin to buy drugs on the dark web. The accused is not a customer of the Indian cryptocurrency exchange Wazirx, according to the company. Makarand Pardeep Adivirkar, a Mumbai resident known as “crypto king” in the […]
Bitcoin rises in response to Elon Musk’s tweet
Bitcoin surged beyond $39,000 after Elon Musk announced that Tesla Inc. will start bitcoin transactions after mining is done using cleaner energy. Tesla’s CEO, Elon Musk, said in a tweet that the company will resume accepting Bitcoin transactions “when there’s confirmation of fair (50 percent) renewable energy consumption by miners with a favorable future trend.” […]
Cryptocurrency Exchange WazirX Gets Show Cause Notice From ED under FEMA Act
The FEMA inquiry was initiated by the Enforcement Directorate in response to an ongoing money laundering inquiry against Chinese-owned “illegal” online betting applications. On June 11, the Enforcement Directorate (ED) issued a show-cause notice to WazirX and its directors Nischal Shetty and Sameer Mhatre. The agency stated in a statement on its official Twitter handle […]
What is WazirX P2P and how does it work?
Use WazirX P2P to purchase USDT to trade cryptos or to sell USDT and cash out in INR. WazirX P2P allows you to buy and sell USDT for Fiat with other buyers and sellers directly. It’s available 24*7, and it’s completely legal! WazirX P2P may be used for two basic tasks: Cash-In – Buy USDT […]
RBI Monetary Policy | RBI is still concerned about crypto: Governor Shaktikanta Das
RBI Monetary Policy 2021: The central bank has addressed its views to the government, and it is up to investors to make “extremely cautious decisions with regard to their own investments,” according to RBI Governor Shaktikanta Das. The Reserve Bank of India (RBI) has expressed serious concerns about cryptocurrencies to the government, and its stance […]
Elon Musk tweeted broken heart emoji: Bitcoin drops again
Musk tweeted “#Bitcoin” with a broken heart emoji in his most recent tweet. Tesla’s huge bitcoin holdings and Musk’s massive personal following regularly cause crypto markets to tremble when he tweets. The price of bitcoin dropped when he tweeted “#Bitcoin,” a broken heart emoji, and a photo of a couple discussing a breakup with a […]
OnePlus may launch its own cryptocurrency wallet, suggests company blockchain survey
OnePlus is conducting a survey to determine if users invest in cryptocurrencies and, if so, which platforms they prefer. The OnePlus blockchain survey is available in the community app. According to the survey’s questions, OnePlus is considering introducing its own bitcoin wallet. The OnePlus poll aims to learn more about cryptocurrency users, including what they […]
Is it safe to invest in cryptocurrency in India after RBI clarification?
The Reserve Bank of India has issued a statement informing certain banks and regulated entities that its April 2018 circular, which had banned banks from supporting crypto transactions, should no longer be used to warn clients about trading in virtual currencies. RBI noted that the circular hasn’t been valid since the Supreme Court ruled against […]