Indian Supreme Court Hears In-Depth Arguments Against RBI Ban

India’s supreme court spent all day hearing arguments against the crypto banking ban by the Reserve Bank of India (RBI) on Wednesday. The counsel for the Internet and Mobile Association of India presented extensive arguments to convince the court that the central bank acted outside its jurisdiction and power in placing a banking restriction on the crypto industry. Also read: Regulatory Roundup – EU-Wide Crypto Regulations, New Rules in Europe, US, Asia Supreme Court Resumes Hearing Crypto Case The Supreme Court of India resumed hearing the crypto vs. RBI case…

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Kraken Acquires Australian Crypto Platform Bit Trade

The global crypto exchanges industry continues to consolidate as some smaller players bow out and the big players try to gobble up as much as they can of the rest. As part of this trend, Kraken has now taken over the Australian platform Bit Trade in a bit to strengthen its foothold in the Asia Pacific region as well as grow its share of the OTC trading market. Also Read: Bittrex, Coinbase and Kraken Set up Crypto Rating Council Kraken Acquires Bit Trade San Francisco-based digital assets exchange Kraken has…

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Fairspin Casino Players Won Over 40,000 ETH

Blockchain casino Fairspin paid out more than 40,000 ETH to players in its first full year of operation. The casino was founded in late 2018 under the name of Fairplay. A year later, it was rebranded into Fairspin to emphasize the casino’s key distinctive feature – each spin in every game is secured by blockchain. Fairspin’s gaming stats are displayed right on the casino website and everyone can check players’ deposits and payouts on a blockchain explorer. This blockchain-stored data shows that in 2019 Fairspin paid out more than 40,000…

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IIF Report Predicts Global Debt Will Reach New All-Time High of $257T in 2020

Global debt records were broken in 2019, but that likely won’t be the end of such ominous economic milestones, the Institute of International Finance (IIF) predicts. The number could reach $257 trillion sometime in Q1 2020, according to a recent report by the group. Economies worldwide are struggling to address pressing issues such as stimulation near or below the zero bound, liquidity crisis, and the effects of negative rates on banks and their customers. Some experts believe the world may in fact be gearing up for a financial crisis of…

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Fed Officials Ponder Funding Hedge Funds and Private Brokers Directly

On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now the Fed is pondering giving money directly to hedge funds and private brokers in order to ease the current pressure and lack of liquidity within U.S. repo markets. Moreover, two Federal Reserve branch presidents have voiced concerns in regards to the American economy in 2020. Also Read: Money…

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Tokyo-Based Zigmabit Offers Mining Rigs for Homes and Offices

Cryptocurrency mining develops rapidly like any high tech sector. Improvements in the hardware and auxiliary systems make it possible to design mining rigs that are more compact and silent than they used to be, while also profitable to run. Zigmabit is a manufacturer that assembles units suitable for mining not only in industrial-scale datacenters but also at homes and offices. Also read: This Company Sets Out to Prove Crypto Mining Has a Place in Your Home Three Zigbit Miner Models Available Zigmabit, which is headquartered in Tokyo, Japan and maintains…

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Market Outlook: Bullish Trend Sends Crypto Prices Northwards

Digital currency markets are seeing significant gains this week as the entire market capitalization gained $28 billion in the last seven days. Moreover, trade volume has spiked to a massive $100 billion and during the last 24 hours, numerous digital assets have gained between 3-48%. Also read: Close to 11 Million BTC Haven’t Moved in Over a Year Crypto Markets Show Strong Bullish Trend Cryptocurrency prices have been moving northbound and the market valuation of all 4,000+ coins is around $235 billion on Tuesday. At the time of publication, BTC…

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Win or Lose, These Crypto Whales Share Their Trades

Whales are mega-rich traders who inhabit the depths of the crypto seas. Theirs is a realm of dark pools, hidden order books, OTC deals, and rich list wallet addresses. Shunning publicity in favor of pseudonymity, most whales keep their trading and personal lives separated, with only the blockchain revealing the monster sums they shuffle between exchanges. A handful of whales have bucked this trend, however, laying their trading record on the line for all to judge. Also read: Close to 11 Million BTC Haven’t Moved in Over a Year These…

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Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia

In this roundup, we cover EU-wide crypto regulations and individual countries’ new digital asset rules including Austria and the U.K. We also cover numerous crypto regulatory developments in the U.S., China, Japan, South Korea, India, and the Philippines. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws EU-Wide Crypto Regulations Begin The deadline for all European Union member states to transpose the 5th Anti-Money Laundering Directive (AMLD5) into their national legislation was Jan. 10. All EU countries should have started regulating crypto exchanges and custodial wallet…

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Coinme Adds BTC Purchase Function to Over 100 Coinstar Kiosks in California

With over 21,000 kiosks in the U.S., Coinstar is a popular automated service for those who want to turn their fiat coins into paper cash. 3,000 of these kiosks have been integrated with Coinme to include crypto purchase functionality, and more than 100 BTC-integrated Coinstar kiosks are now newly available in the greater Sacramento, California area. Also Read: Bitcoin ATMs Installed at 5 Major Malls in the US Over 100 Kiosks Updated With BTC Purchase Capability Coinstar found an effective business model in helping people cash in their accumulated change…

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