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Norwegian Billionaire Purchased BTC After Calling For Its Ban A Week Ago

Norwegian billionaire Oystein Stray Spetalen invested in Bitcoin and the MiraiEx crypto exchange after calling for a ban on crypto-only seven days earlier so let’s read more in our latest Bitcoin news today. The Norwegian Billionaire invested in both BTC and local crypto exchange MiraiEx according to the Finansavisen reports on Friday. According to the publication, Spetalen bought an undisclosed amount of BTC as well as investing in the exchange by his own admission where the platform didn’t even need more capital at the moment. However, he confessed that more funds will help it expand faster:  “We did not really…

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Hedge FUD manager: Ray Dalio says ‘good probability’ of a US Bitcoin ban

The U.S. could repeat its 1930s ban on gold ownership but for Bitcoin. As the Bitcoin correction deepens, the fear, uncertainty, and doubt has returned, with billionaire hedge fund manager Ray Dalio adding a whole bunch more of it. In an interview with Yahoo Finance’s editor-in-chief on March 24, the founder of the $150 billion hedge fund Bridgewater Associates stated that there is a “good probability” that the U.S. government could ban Bitcoin just as it did with gold ownership in the 1930s. That happened because government leaders at the time did not want gold to compete with fiat money…

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India mooting law to ban cryptocurrencies of any sorts.

The world’s most populous country mooting a law banning cryptocurrencies in any form. Despite the threat of a ban, cryptocurrency transaction volumes are swelling in India. Follow Hegion.com for unique blockchain and crypto news. NEW DELHI/MUMBAI (Reuters) – India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class. The bill, one of the world’s strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading and transferring crypto-assets, said the official, who…

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Fresh reports of Indian crypto ban are “clickbait,” says local source

Local sources speculate on the possibilities of a cryptocurrency ban in India. The draconian bill introduced by the country’s former finance secretary Subhash Chandra Garg in 2019 to ban cryptocurrencies in India haunts the country’s crypto enthusiasts and entrepreneurs to this day. Reports from Bloomberg and the local news outlet Economic Times about the further development of the bill and the possible introduction of it as law has only caused more panic and anxiety within the crypto community. These reports have always cited “people familiar with the development” as saying that the bill will be discussed shortly by the federal…

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BitConnect Promoter Got Banned From Providing Financial Services

BitConnect promoter from Australia John Bigatton, has been banned from providing financial services in Australia for seven years due to his involvement with the Bitconnect Ponzi scheme as we reported in our crypto news previously. The Australian Securities and Investment Commission banned John Luis Anthony Bigatton, former Australian National Representative and BitConnect promoter, due to his involvement in the multi-billion dollar crypto Ponzi Scheme, as he can no longer provide financial services. ASIC asserted that the New South Whales resident provided unlicensed financial product advice and also engaged in misleading conduct while working for BitConnect since 2017. The regulator found…

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Trump executive order seeks to ban TikTok, WeChat ‘transactions’ in 45 days

These orders will certainly be challenged in court and it’s unclear exactly what “transactions” means until the Secretary of Commerce explains it, but Tencent has investments in many US companies, including Snapchat’s parent company (update: see below, as the White House states this will only relate to transactions that involve WeChat). Continue reading Trump executive order seeks to ban TikTok, WeChat 'transactions' in 45 days at E-Crypto News.

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Indian Lawmakers Reportedly Discussing Bitcoin, Crypto Ban — Again

Indian policymakers are discussing a new law to permanently ban the trade of Bitcoin and other cryptocurrencies in the nation, reported Moneycontrol on Tuesday. Ban Bitcoin, Once Again The Indian cryptocurrency market cannot seem to catch a break. Its government has gone back-and-forth on cryptocurrencies at least five times yet, and it does not seemRead MoreRead More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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Venezuela Banned Crypto Mining From State-Owned Housing

Venezuela banned all crypto mining from public housing or any other state-owned housing and neighborhoods that are a part of the “Gran Mision Vivienda” project, as we are reading more in the following crypto news today. According to the government, crypto mining can harm the electricity distribution of the country which is why Venezuela banned all crypto mining from the country. During the official speech on July 15th, Villaroel stated that any kind of mining equipment related to the crypto mining is banned in public housing because of “high power consumption” and for widely “violating” the electrical supply policy. The…

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India’s Former Finance Secretary Spars With Industry Experts on Crypto Ban

For the first time, the former Finance Secretary of India who proposed a blanket ban on cryptocurrencies discussed digital assets with industry leaders. During a webinar on July 17, the former Finance Secretary of India, Subhash Chandra Garg, discussed cryptocurrencies with Indian industry leaders including Nischal Shetty, the CEO of Indian crypto exchange WazirX, and Siddharth Sogani, the founder of blockchain research company Crebaco.In 2019, Garg along with his secretariat drafted a bill that proposed a ban on cryptocurrencies along with a 10-year jail term and a fine of up to 25 crore rupees (~$3.3 million) for anyone who issued,…

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Twitter Hack Sparks Fresh Calls to “Ban Bitcoin”

Yesterday, a series of identical tweets promoting a Bitcoin giveaway began appearing across Twitter profiles with large followings. The list of hacked accounts included Apple, Uber, Bill Gates, and many others. The financial damage has been minimal, however, as the hackers only earned a little over $100,000 in BTC. Still, the severity of the event and Bitcoin’s involvement have sparked fresh calls for a ban on the market’s top cryptocurrency.  Twitter Hackers Use Highly-Traceable Bitcoin Several unconfirmed theories have emerged as to how exactly the hackers breached the world’s most popular social media site. Possible attack vectors may have included…

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