India’s cryptocurrency market has gingerly started to ramp up activity after the Supreme Court overturned a controversial ban in March that prohibited banks from dealing with exchanges.
Crypto Must-Reads for June 26, 2020
These Are the Crypto Stories You Should Be Following: Bitcoin ends a week-long bear run; China places $14,000 limit on “anonymous” digital yuan transactions; two analyses show bitcoin heading for a big bull market
Sunday ended a bad week for bitcoin, with a dip below $9,000 kept to a brief flirtation—investors hope. But there’s plenty of optimism to go around, as two models predict big bitcoin price increases coming—possibly mirroring or surpassing the 2017 bubble’s $20,000 mark. And China surprised absolutely no one by announcing that it will be tracking large(ish) digital yuan transactions by default.
Telegram CEO Pavel Durov tried to go up against the U.S. Securities and Exchange Commission. Now he's disgorging $1.2 billion to investors.Telegram and SEC agree on settlement, $1.2B to be returned to investors
‘We hope the regulatory environment for blockchain technology in the US becomes more favorable for others in the future,’ Telegram CEO Pavel Durov says
For eight months, the encrypted messaging app and the regulator have been coming to blows—with the SEC claiming the company’s $1.7 billion sale of gram tokens was an illegal securities sale. Under the deal announced on June 26, Telegram would pay an $18.5 million penalty and return $1.2 billion—about 70% of the funds raised—to investors.
Crypto Must-Reads for June 25, 2020
These Are the Crypto Stories You Should Be Following: BTC still looking positive for Q2; China eating U.S.’s lunch on blockchain; is NY easing up for BitLicense’s 5th birthday; where was creator Satoshi Nakamoto for the first five minutes of Bitcoin’s life?
The economy is doing Bitcoin no favors, with bad news and advancing COVID-19 pushing the still stock-market-aligned cryptocurrency within a few dollars of dropping below $9,000. Meanwhile, Ripple Executive Chairman Chris Larsen says China is winning the blockchain war. Researcher says Satoshi Nakamoto was AWOL from Bitcoin’s genesis block. New York is retreating ever-so-slightly from its super-strict BitLicense, making the prestigious but frequently fled crypto exchange qualification as it turns five.
