The Reserve Bank of India banning any dealings with cryptocurrency in the domestic market caused a lot of fuss amongst the Indian crypto community. Many entrepreneurs and enthusiasts protest against the move arguing that it is a violation of fundamental rights. In fact, it even led some people to turn to the courts.
Having taken advantage of Telegram’s downtime, crypto giveaway scammers offered users free cryptocurrency on behalf of Pavel Durov as an apology and gratitude for support. To do that, they hijacked the Twitter account of a Swedish musical band Club 8 and made it look exactly like Durov’s.
The Intellectual Property Office of Singapore announced a Fintech Fast Track initiative which allows startups of the sector to receive patents faster. From now on, it will take six months instead of two years.
The U.S. Commodity Futures Trading Commission has sent subpoenas to the world’s largest cryptocurrency exchanges Bitfinex and Tether as there are significant questions surrounding the value of their tokens.
Bitcoin is a revolutionary system able to disrupt the entire industry of finance. It is fully decentralized and, therefore, almost impossible to be controlled or tracked. Despite such potential, there is another side to this medal. By providing its users with security and anonymity, it has become the best friend of… criminals.