The Indian government in a bid to promote systematic crypto transactions in the country has decided to put a lid on reckless crypto ad campaigns.According to a memo that condenses the meeting held between Prime minister Narendra Modi and industry professionals, the government has decided to practice restraint and is considering imposing a ban on ads that promote hefty returns … [Read more...] about Indian government might take action against misleading crypto ads
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Here’s why Bitcoin losing $6K in hours was good for BTC price action
Bitcoin (BTC) traded just below $65,000 on Nov. 11 after an overnight correction cancelled out previous snap gains.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"No free lunch" for speculatorsData from Cointelegraph Markets Pro and TradingView showed BTC/USD recovering after briefly dipping below $63,000 in fresh volatility.The pair had moved up sharply on the back … [Read more...] about Here’s why Bitcoin losing $6K in hours was good for BTC price action
ConsenSys Shareholders Readying Legal Action Over Share Valuation
According to documents viewed by CoinDesk, a valuation by accounting firm PwC dated July 16, 2020 priced ConsenSys AG assets including Infura, MetaMask, Truffle, PegaSys, CoDeFi, as well as ConsenSys subsidiaries in France, the U.K., Ireland, Australia and Hong Kong at a total valuation of $46.6 million. Source link … [Read more...] about ConsenSys Shareholders Readying Legal Action Over Share Valuation
Aussie firm to launch $100M class action over dodgy QOIN token
The issuer of a controversial cryptocurrency that can only be sold in batches of $125 daily on a single exchange is facing pushback from an Australian law firm.Queensland-based law firm Salerno Law plans to file a lawsuit accusing BPS Financial Limited — the company behind the QOIN token — of engaging in misleading and deceptive conduct, pyramid selling of financial products, … [Read more...] about Aussie firm to launch $100M class action over dodgy QOIN token
UK calls out Kim Kardashian for promoting knock-off Ethereum, but fails to take action
The Chair of the Financial Conduct Authority (FCA), Charles Randell, singled out Kim Kardashian for her role in promoting Ethereum knock-off EthereumMax (EMAX).In this respect, Randell admitted the FCA’s reach only extends to “registering UK-based cryptoasset exchanges for anti-money laundering purposes.” As such, Randell is calling for greater regulatory powers to deal with … [Read more...] about UK calls out Kim Kardashian for promoting knock-off Ethereum, but fails to take action