Please share if you find this article interesting. India: Crypto ‘Scamsters’ Bhardwaj Brothers Arrested For Duping Investors Out Of $300 Mln Indian Bitcoin (BTC) entrepreneurs and notorious alleged scammers Amit Bhardwaj and his brother, Vivek Bharadwaj, were arrested on April 4, accused of scamming about 8,000 investors out of ₹2,000 crores (about $300 mln) Business Insider India reported today, April 6. The brothers launched and ran a number of crypto-based ventures, including India’s first Bitcoin mining platform GBMiners. The move to arrest then was carried out by India’s central bank Reserve Bank of India (RBI), the Enforcement Directorate (ED), and the Cybercrime Cell of Pune Police, following the official complaint filed by a businessman Parvendra Singh. In 2013, the two
Please share if you find this article interesting. Help Wanted! Japan Needs Crypto Engineers - Bitcoin News Featured The half billion dollar Coincheck exchange hack is still working its way through the ecosystem, carrying implications of all sorts. Rarely mentioned is how, at least in part, the exchange’s problems were due to a lack of crypto engineers in Japan. A dearth of engineering know-how is a perfect recipe for security gaps to be exploited. Also read: India Searches for Ethereum Over Bitcoin Japan Needs Crypto Engineers Shortly after the hack was discovered, Coincheck’s Koichiro Wada explained,“We were aware we didn’t have enough people working on internal checks, management and system risk. We strived to expand using headhunters and agencies, but ended up in this
Please share if you find this article interesting. Coinbase Launches Venture Fund To Support Young Crypto Companies Crypto exchange and wallet Coinbase has announced that they will be launching Coinbase Venture, a fund to finance “compelling” companies in the crypto space, according to a Coinbase blog post published Thursday, April 5. Coinbase writes that they will be “providing financing to promising early stage companies that have the teams and ideas that can move the space forward in a positive, meaningful way.” The post continues by stating that the goal of Coinbase Ventures is “simply to help the most compelling companies in the space to flourish,” highlighting that this doesn’t mean that they will need to “formaliz[e] partner relationships with such companies, as some cor
Please share if you find this article interesting. Bitcoin, Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin, Cardano, NEO, EOS: Price Analysis, April 06 The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The Reserve Bank of India has banned regulated financial institutions from dealing in cryptocurrencies, citing the risks involved. American billionaire Tim Draper believes that India is making a big mistake by shutting its doors to cryptocurrencies. According to Draper, this will only lead to brain drain as many will be forced to move to o...
Please share if you find this article interesting. Markets Update: BTC and BCH Prices Continue to Slide - Bitcoin News Market Updates Cryptocurrency values are still slumping downwards as they have been for the past three consecutive months. Currently, the overall cryptocurrency market valuation of all 1,500+ digital assets is $248Bn after losing billions over the past few days. BTC/USD markets are below the $7K territory and recently touched a low of $6,510 per coin. Also read: Huobi’s Sentiment Index Shows Cryptocurrency Investors Still Bullish The Dumping Continues to Plague Cryptocurrency Markets The dumping continues to ensue as markets are still feeling the effects of a bearish phase the past few months. So far BTC/USD values have not yet double bottomed to the $5,900
Please share if you find this article interesting. Monero Hard Fork Appears Successful As Devs Shun Bitmain’s ASIC Miners Users of anonymity-focused altcoin Monero (XMR) continue to wait with baited breath after the cryptocurrency hard forked Friday, April 6. In an attempt to protect the cryptocurrency against ASIC miners, the altcoin’s developers successfully completed the transfer to version 7 of Monero, creator Riccardo Spagni confirming the move in typically tongue-in-cheek style on social media: Monero did the thing with the thing. pic.twitter.com/EEwjfZxY0R — Riccardo Spagni (@fluffypony) April 6, 2018 The contentious hard fork comes as the Monero community has gained several forks, some ostensibly aiming to preserve the ASIC-compatible chain and others promising various o
Please share if you find this article interesting. Omise Signs Agreement With Major South Korean Banking Affiliate In Win For Adoption Thailand’s Omise and OmiseGO (OMG) have signed a Memorandum of Understanding (MoU) with major South Korean credit card business and technical company ShinhanCard, an affiliate of Shinhan Financial Group, as part of a move towards fintech innovation and Blockchain adoption throughout Asia, according to Omise’s press release published Thursday, April 5. Omise is a payment solution platform that has operational hubs in Thailand, Singapore, Japan, and Indonesia; OmiseGO is its decentralized scaling solution network for Ethereum (ETH). OmiseGO raised $25 mln in an Initial Coin Offering (ICO) last August to support the creation of their platform. Cointe
Please share if you find this article interesting. Crypto Self-Regulation Deemed Likely in South Africa - Bitcoin News Regulation A “self-regulatory approach” has been mentioned as a likely solution for the South African crypto sector. A non-government body could adopt rules and implement industry standards. The central bank in Pretoria is expected to formulate the policy framework. Also read: Steps towards Self-Regulation in Croatia and Slovenia Premature Regulation Throttles Growth The South African Reserve Bank (SARB) has set up a team to monitor fintech developments and assist its efforts to finalize the regulatory regime for cryptocurrencies. Representatives of the private sector have proposed the creation of a Self-regulatory Organization (SRO). While banking falls wit
Please share if you find this article interesting. IBM Partnership With Sovrin Foundation Aims To Spread ‘Self-Sovereign Identity’ IBM confirmed it has partnered with identity startup the Sovrin Foundation (SF) to expand the use of so-called ‘self-sovereign identity’ online using Blockchain technology, according to a press release published April 4. Serving as a “founding steward” of Sovrin’s network, IBM Blockchain will contribute network and computing power, along with security resources, which the computer giant will host on its IBM Cloud platform. “Through our partnership with Sovrin, IBM can help individuals and organizations accelerate adoption of self-sovereign identity standards as a critical component for responsible data stewardship,” IBM Blockchain general manager Mari
Please share if you find this article interesting. PR: Ubank Receives Investment from Inventure Partners to Develop a Blockchain Marketplace - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Ubank announced that it has secured an undisclosed amount of funding from Inventure Partners, a major investment fund specializing in cutting-edge tech projects The mobile payments app Ubank received funding from Inventure Partners for the further development of Ubcoin Market, a blockchain ecosystem that would allow its user...