Photo: Bing
25-Year-Old Man Arrested For Cheating Bitcoin Traders
Akshay Gowda, a 25-year-old man was arrested by Hyderabad Cyber Crimes police on July 24 for cheating and stealing from Bitcoin Traders. The Joint Commissioner of Police Avinash Mohanty said that Gowda was arrested after a complaint was filed by one of his victims. Reportedly, he sold bitcoins after getting money transferred to his account. Meanwhile, the police have advised, "people to verify the credentials of online bitcoin traders."
Tags: Bitcoin trader(3438), Fraud, Cryptocurrency, Crime
Courtesy: The Hindu
Photo: CNET
Tesla's CEO Elon Musk Admits Possession Of Cryptocurrencies
Elon Musk Tesla’s CEO has acknowledged owning a few bitcoins,dogecoins, and ethereums at B Word Conference organised by Crypto Council for Innovation. He further, ingeminated the environmental concerns in correspondence to cryptocurrencies. Moreover, Musk included Tesla might continue tolerating Bitcoin as a form of transaction for its cars, after keeping a close focus on total renewable energy used in mining cryptocurrency. “I would like to… read-more
Tags: Elon Musk, Bitcoin, Tesla, Cryptocurrency
Courtesy: Money Control
Photo: Gadgets 360
Cryptocurrency May Lead To Illegal Financing, Says Retired Commissioner
Illegal activities like terror funding and money laundering have become rampant in the era of cryptocurrency. “Pattern and sources of financing have undergone a massive shift due to pandemic-related stress. This has made it very difficult for authorities to track... inflow of money,” said BK Singh, a retired Joint Commissioner, Delhi Police. IMF stressed the dangers of such activities taking place that may adversely affect countries.
Tags: Cryptocurrency, Terror funding, MONEY LAUNDERING, Digital Currency
Courtesy: The Economic Times
Photo: Bloomberg.com
China Government Toughens Stances Against Cryptocurrency
China's crackdown on cryptocurrency tightened as the Central bank of China urged banks and payment firms to crack down harder on cryptocurrency trade on June 21. People's Bank of China urged the payment firms and banks to thoroughly check their client's accounts in order to identify the ones engaged in cryptocurrency trade and cut off their payment channels. Currently, bitcoin is at a two-week low and ether a five-week low.
Tags: Cryptocurrency, China, Bitcoins, Ether
Courtesy: The Times of India
Photo: DNA India
Rapper Raftaar Is Now Accepting Cryptocurrency As Fees
Saying ''I have been an admirer of blockchain'', rapper Raftaar has now started to accept cryptocurrency as fees for his performances. Raftaar has become the first to accept the currency for a scheduled virtual show which will be hosted in Canada, in the month of July for a private event of 100 people. Besides, Raftaar credited his manager Ankit Khanna for the idea behind ''the baby step'' to accept cryptocurrency.
Tags: Raftar, Cryptocurrency, Canada, rapper, Bollywood
Courtesy: Zee News
Photo: Blockworks
El Salvador Becomes World's 1st Country To Make Bitcoin A Legal Tender
El Salvador on June 9 became the world’s first country to accept Bitcoin as a legal tender and mandated all goods and services to accept the cryptocurrency. The government also assured backstop for the services that are skeptical about the volatility of cryptocurrency by allowing its convertibility and deposit options. Touting Bitcoin’s capability to help Salvadorans abroad to send remittances back home, President Bukele discussed the… read-more
Tags: Bitcoin, Cryptocurrency, el salvador, legal tender
Courtesy: Coindesk
Photo: US News and World Report
Hacker Group Anonymous Targets Tesla's Elon Musk
CEO of Tesla Elon Musk was targeted by the infamous vigilante hacker group Anonymous. Reportedly, Elon Musk misused his stronghold over the cryptocurrency market especially pertaining to the Bitcoin. Further they claimed that his arrogance is getting out of hand when referring to the time he called himself 'Emperor of Mars'. In the past, Anonymous has wreaked havoc on major groups like PayPal and Scientology.
Tags: Hackers, Elon Musk, Tesla, Bitcoin, Cryptocurrency
Courtesy: NDTV
Photo: ATZ News
3 Co-Founders Of 'Polygon' Become India's First Crypto-Billionaires
Bangalore-based blockchain scalability platform Polygon has made its founders Jaynti Kanani, Sandeep Nailwal and Anurag Arjun as India’s first crypto billionaires. The development came after the the network, previously known as Matic, with an initial value of $26 million in 2019 grew to $14 billion in two years. Notably, dependent on world’s second largest cryptocurrency ‘Ethereum’, Polygon allows users to build applications on Polygon at… read-more
Tags: Cryptocurrency, cryptocurrency polygon, Polygon, Billionaire, Indian Billionaires
Courtesy: Mint
Photo: THE MEABNI
Traders Float $STOPELON Coin To 'Destroy' Elon Musk For Crypto Crash
After Elon Musk's tweets caused strong turbulence in the cryptocurrency market, traders have launched brand new digital currency $STOPELON that intends to 'destroy' the tech mogul. Having a market value of $30 million, $STOPELON underwent a hike of 4,847%, taking its price from $0.0000019 to $0.0000945 in just 24 hours. A cryptocurrency enthusiast said that traders "want to express dissent while making money, and they are doing so."
Tags: Cryptocurrency, Elon Musk, $STOPELON, trade
Courtesy: Business Today
Photo: The Indian Express
Bitcoin Hits Lowest Mark Since Feb After Elon Musk Hints Discarding His Shares
Bitcoin witnessed its lowest point since February as it traded below $45,000 on May 16, after Tesla Chief Elon Musk hinted at dumping shares worth $1.5 billion of cryptocurrency. The plummeting occurred after Musk commented 'indeed' to a tweet that read, "Bitcoiners are going to slap themselves...when they find out Tesla dumped...their #Bitcoin holdings". Musk on May 13, confirmed Tesla's boycott of Bitcoin citing environmental issues.
Tags: Bitcoin, Elon Musk, Tesla, Cryptocurrency
Courtesy: The Economic Times
