Indian Crypto Advocacy Body Press For Restoration of UPI Service (Report)
The local crypto-focused organization has sought time for a meeting to discuss the issue and understand the regulator’s concerns. Crypto exchanges write to NPCI to restore UPI services; regulator unlikely to agree
FBI Warns Of Cryptocurrency Scammers On LinkedIn
Special agent said “fraudulent activity is significant” on the business-focused social network. Cryptocurrency investment scammers on LinkedIn are a “significant threat” to user safety, FBI special agent Sean Ragan said Friday. In an interview with CNBC, Ragan said he believes LinkedIn has a problem when it comes to investment scams.
Coinbase Is Facing Class Action Suits Over Unstable Stablecoins GYEN, TerraUSD
A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the TerraUSD stablecoin and alleging that it failed to disclose its financial relationship with Terraform Labs. This is the second class-action suit outstanding against Coinbase. A suit was filed last month in connection with the depegging of GYEN in November.
Stablecoins Highlight 'Structural Fragilities' Of Crypto — Federal Reserve
“Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors," said the Fed report.
FATF Meets, Discusses VASPs Including Travel Rule
The Financial Action Task Force (FATF), a global entity that engages financial regulators around the world, met this week to discuss multiple initiatives including the digital asset marketplace and Virtual Asset Service Providers (VASPs) as well as Travel Rule implementation.
Russia Seems To Be Preparing To Mine Bitcoin With Flare Gas
One of the world's largest producers of carbon emissions, the Russian gas giant Gazprom aims to reduce its carbon footprint by providing its flare gas for Bitcoin mining.
Binance Suspends Withdrawals & Deposits In Brazil Following New Central Bank Policy
Global crypto exchange Binance suspended deposits and withdrawals in Brazilian reals through the government's payment system Pix on Friday. The company announced in a statement that it terminated a partnership with the local payment gateway Capitual, which operated Binance’s deposits and withdrawals via Pix for a year and eight months.
US Lawmakers Urge EPA To Consider The Potential Benefits Of Crypto Mining
A group of 14 United States senators and House representatives have signed a letter to the Environmental Protection Agency extolling what they believe are the benefits of crypto mining.
Bitcoin Uses 56 Times Less Energy Than Classical System
Calculations show that Bitcoin currently spends 56 times less energy than traditional monetary system, while Bitcoin Lightning is 194 Million times more energy efficient.
Bitcoin, Ethereum, VeChain, & Helium Daily Crypto Price Analysis
The global crypto market has shed 1.42%. The performance of Bitcoin has seen no stability as it has lost 1.09% over the last 24 hours. Ethereum is also facing a bearish market as it has receded 1.38%. VeChain is bearish as it has depreciated 1.36%, while Helium has added 6.34%.
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