Cryptocurrency Analysis and News Portal
A Thai department store chain is trialing its own cryptocurrency for use by employees with a view to offering it to customers in the future.Central Retail Corp., Thailand’s biggest shopping center developer, is distributing its blockchain-based “C-Coin” to 80,000 employees on a merit basis to use as a substitute for
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The report, which followed a six-month review of U.S. sanctions against countries with whom it is at odds or suspects of being behind illegal activity, noted that “digital currencies, alternative payment platforms, and new ways of hiding cross-border transactions all potentially reduce the efficacy of American sanctions.” Source
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South Africa’s Department of Justice and Constitutional Development (DOJCD) has denied claims that it has received a 50 bitcoin ransom demand from hackers that attacked its systems on September 6, 2021. Reports of Ransom Demand Deemed ‘Completely Untrue’ Instead, the DOJCD insists that its tech experts, “industry partners and selected organs
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As the Income Tax Department of India reportedly considers taxing crypto traders and crypto exchanges soon, experts believe investors should rest assured.According to ET Now’s report, the tax department, which operates under India’s Ministry of Finance, has signaled interest to tax crypto earnings through trade and exchanges. However, the sources
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The U.S. Treasury Department is reported to have held meetings with participants from the country’s financial industry to discuss “the risks and benefits posed by stablecoins.” In addition, officials are said to have used the meetings to discuss “whether stablecoins would require direct oversight if they become extremely popular.” Policymakers Alarmed
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The United States government is offering rewards in cryptocurrency for information relating to the operations of enemy state-backed hackers or suspected terrorists.The U.S. State Department's new “Rewards for Justice” platform allows informants to submit anonymous tips and information in return for rewards in digital assets.The platform was promoted at the
Read MoreThe ICO can confirm it is investigating an alleged data breach. EMCOR Group (UK) plc, which provides facilities management and CCTV services for the
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Major cryptocurrency exchange Binance is reportedly under investigation by both the United States Department of Justice and Internal Revenue Service in an apparent effort to stymie illegal trading activity from users in the United States.According to a Bloomberg report, the two government agencies are investigating Binance Holdings Ltd, with officials
Read MoreHaving left the EU, the Secretary of State for the Department for Digital, Culture, Media and Sport now holds powers to make
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