The Indian central bank’s governor said on Wednesday that it’s not at war with crypto, but asserted that cryptocurrencies have no underlying fundamentals and their usage should be prohibited. RBI Governor Shaktikanta Das told a room packed with banking executives and lawmakers that crypto has a huge inherent risk to Read more…
Karl Sebastian Greenwood, co-founder of sham “Bitcoin-killer” OneCoin, pleaded guilty in Manhattan federal court to charges of conspiring to defraud investors and to launder money. “Greenwood was arrested in Thailand in July 2018 and subsequently extradited to the US,” reports The Register. “OneCoin’s other co-founder, ‘Cryptoqueen’ Ruja Ignatova (Dr. Ruja Read more…
The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals and a steep drop in the value of its digital token. Reuters reports: The exchange said it dealt with net outflows of around $6 billion over 72 hours last week “without breaking Read more…
More than 100 bitcoins tied to the defunct Canadian crypto exchange QuadrigaCX were transferred out of cold wallets thought to be beyond anyone’s control over the weekend, after sitting dormant for more than three years. The company’s bankruptcy trustee, Ernst and Young, did not initiate the transfers, CoinDesk has learned. Read more…
The New York State Department of Financial Services (NYDFS) on Thursday issued digital asset guidance to state-regulated banks laying out what information financial institutions must submit before getting approval to engage in virtual currency-related activities. The guidance, one of the clearest paths forward yet for banks to offer cryptocurrency services, Read more…
Nigeria has drastically reduced the amount of cash individuals and businesses can withdraw as it attempts to push its “cash-less Nigeria” policy and increase the use of the eNaira — Nigeria’s central bank digital currency (CBDC). The Central Bank of Nigeria issued (PDF) the directive to financial businesses in a Read more…
Canada’s biggest pension fund, CPP Investments, has ended its nearly year-long effort of studying investment opportunities in the volatile crypto market, Reuters reported Wednesday, citing people familiar with the matter. The reasons behind CPPI’s abandonment of crypto research were not immediately clear. CPPI declined to comment but said it has Read more…