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DeFi News

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Iran Announces Four-Month Ban on Crypto Mining to Minimize Energy Consumption

bestadmin
April 20, 2022

After several blackouts in major Iranian cities, Hassan Rouhani has banned Bitcoin mining. On the 26th May, the president declared a four-month ban on Iran's state television network. Bloomberg stated…

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DeFi News

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2 minute read

DeFi Is Not a New Concept and Is Misnamed As Decentralized – SEC Chair

bestadmin
April 18, 2022

According to Gary Gensler (chairman of the US Securities and Exchange Commission), decentralized finance is not a new concept. Gensler stated that it is a mistake to call them software…

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News

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NatWest Group Imposes Limits on Transfers to Crypto Exchanges

bestadmin
April 15, 2022

NatWest Group, a British majority-state-owned banking and insurance holding company has restricted the amount customers can send to cryptocurrency exchanges each day. Binance is one of these firms. It was…

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Cryptocurrency

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3 minute read

UP BJP Leaders Receive Threat Messages Demanding Rs. 10 Lacs Worth of Bitcoins

bestadmin
April 13, 2022

13 BJP MLAs from Uttar Pradesh, as well as a former legislator, have received extortion threats messages from a USA registered number. WhatsApp messages in Devanagari script demanded Rs 10…

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Cryptocurrency

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2 minute read

Pakistan’s FIA to launch crackdown on crypto dealers

bestadmin
April 11, 2022

The Karachi-based Federal Investigation Agency, (FIA), considers cryptocurrency "a tool to money laundering". Recently, it announced that it will be clamping down on cryptocurrency dealers in Pakistan. The FIA demanded…

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Cryptocurrency

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2 minute read

Dogecoin value jumps 20% on Elon Musk’s announcement of accepting it as payment for Tesla merchs “Tesla will make some merch buyable

bestadmin
April 8, 2022

Meme-based cryptocurrency dogecoin saw a huge 20 percent increase in value after Tesla CEO Elon Musk stated that it would be accepted as payment to purchase some company merchandise. At…

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Cryptocurrency

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1 minute read

Crypto exchange FTX US valued at $8 billion as first fundraise draws SoftBank, Temasek

bestadmin
April 6, 2022

FTX US, a cryptocurrency exchange, announced Wednesday that it has achieved a valuation of $8 Billion after raising $400 M in its initial funding round from investors such as SoftBank…

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Cryptocurrency

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2 minute read

DGGI detects Rs 70-crore tax evasion after crackdown on crypto exchanges

bestadmin
April 4, 2022

After massive tax evasion at WazirX (one of the largest cryptocurrency exchanges) came to light, the Directorate General of GST Intelligence, (DGGI), took action against crypto exchanges throughout the country.…

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News

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2 minute read

Bitcoin Whale Population Growth Might Be A Mirage

bestadmin
April 2, 2022

A recent rise in bitcoin (BTC "whales" may not be due to large holders of the currency taking their coins off exchanges. This is according to a report by blockchain…

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Cryptocurrency

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2 minute read

Govt unlikely to bring bill on cryptocurrency in winter session: Report

bestadmin
April 1, 2022

Top sources on Wednesday said that the government will not bring a bill regarding cryptocurrency to Parliament's winter session. They suggested that a bill be brought to the attention of…

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