Bybit exchange suspends services in India due to regulatory pressure

The cryptocurrency and blockchain industry experienced explosive growth in 2021, particularly in its decentralized finance (DeFi) and nonfungible token (NFT) sectors. The year was also marked by continued price volatility, baffling behavior from China, a grand experiment in Central America, escalating institutional interest, and the rise of some faster smart-contract networks — all of which is…

They thought they had it made, but the Malaysian authorities were one step ahead. Malaysian police arrested four cryptocurrency mining operators after discovering that they were stealing electricity from the state-owned power firm, Sarawak Energy Berhad, or SEB.According to Malay Mail, authorities spent two days cracking down on four shophouses, believed to be housing cryptocurrency…

The SEC said that the previous production of Slack messages from Ripple was incomplete, and a massive quantity of data has not been collected. 1245 Total views 25 Total shares The legal battle between the United States Securities Exchange Commission (SEC and blockchain-based payments firm Ripple continues, with the regulator wanting further access to Ripple’s…

Society is now witnessing the implementation of digital currencies, AI and blockchain technology worldwide. These new digital technologies, necessitate very high consumption of electric energy, currently produced with coal and fossil fuels with adverse environmental effects. A global shift towards green energy will require the removal of the technological/infrastructure, financial and regulatory/tax policy barriers. In…

The Canadian government-funded research program Industrial Research Assistance Program (IRAP) is now hosting its own blockchain explorer, according to an official statement on Aug. 20. The IRAP, managed by the National Research Council of Canada (NRC), has announced that the project has implemented the blockchain-based app on InterPlanetary File System (IPFS), a protocol and network…

Bitcoin’s recent gains appear to have been driven by leverage-fuelled speculation, with open interest in futures and Binance’s leverage ratio pushing into new highs. 1345 Total views 22 Total shares On Nov. 4, crypto data market aggregator CryptoQuant published a chart indicating Binance’s Estimated Leverage Ratio — open interest divided by Bitcoin (BTC) reserves —…

Earlier in January 2020, Block.one released EOSIO 2.0 as an upgraded set of protocol improvements for the software underlying the $3.2 billion EOS blockchain. Following the release of the new version of EOSIO, some crypto exchanges like Coinbase have raised issues with the performance of the network, temporarily halting deposits and withdrawals.Meanwhile, the EOS community…

Bitcoin (BTC) may be making long traders miserable but one bullish analyst says that he is "relieved" that it has shed 22% in a week.In his latest social media update, quant analyst PlanB noted that the price dip to under $48,000 has sent BTC/USD below its target laid out by his stock-to-flow price model."Astonishing" stock-to-flow…

Commenting on the rollout, Crypto.com’s Karl Mohan tipped the adoption of an AUD-backed stablecoin as being the catalyst to make crypto payments mainstream in Australia. 237 Total views 20 Total shares Convenience store and petrol station brand On The Run (OTR) has launched crypto payment support across all 175 of its petrol stations and convenience…