Union minister Anurag Singh Thakur, told the upper house of Indian parliament, Holding or trading cryptocurrencies like bitcoin is not banned in India.
The Minister of State to Ministry of Finance said, issues and concerns relating to Crypto currency is still under radar and investigation of a government-appointed inter ministerial committee.
He stressed that the Reserve Bank of India and the Ministry of Finance had issued a string of circulars and notices regarding the use of bitcoin and other similar coins.
As of now it’s cleared that Bitcoin is not banned in India! only a final report from the committee could shed more light on the final status of such nascent asset class.
“Presently, there is no separate law for dealing with issues relating to cryptocurrencies,” wrore Thakur in his response. “Hence, all concerned Departments and law enforcement agencies, such as RBI, Enforcement Directorate and Income Tax authorities, etc. take action as per the relevant existing laws.”
Thakur went on stating “It is difficult to state a specific timeline to come up with clear recommendations. The Inter-Ministerial Committee (IMC) under the Chairmanship of Secretary, Department of Economic Affairs is examining all issues, including the pros and cons of the introduction of an official digital currency in India. No decision on licensing and authorising any entity or company to operate such schemes or deal with Bitcoins or any virtual currency has been made as yet.”
Bitcoin price saw a gain after the comment of Donald Trump as bitcoin traders and investors bet that Trump’s acknowledgment of bitcoin will bring greater awareness of crypto and could push prices up.
In the crypto world, they took Trump’s tweets as an endorsement of bitcoin and the underlying blockchain technology.
“Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago,” Coinbase chief executive Brian Armstrong tweeted. “‘First they ignore you, then they laugh at you, then they fight you, then you win.’ We just made it to step three y’all.“
Mati Greenspan, senior market analyst at eToro wrote in a note to clients, “Even though Donald says he’s not a fan of bitcoin, the fact that he’s mentioning it at all is hugely bullish for the entire crypto market.”
Andrew Yang, has previously praised bitcoin’s underlying technology, saying: “The blockchain has a wealth of potential. [It] could make many things more secure transparent and efficient.”
Now Trump has made bitcoin a valid issue, there’s nothing stopping these and others in the race to the White House making bitcoin and crypto a bigger part of their campaigns.
A listing on July 1 shows, A physical bitcoin is selling on eBay for $99,000. The seller claims the “collector’s must have” is a Casascius brass token that was created in 2011.
Payment can be made in crypto or cash or for real estate. The seller says they made the purchase back in 2012 and have kept it in their safe since then, adding: “Only a few hundred remains in the ENTIRE world.”
The private key for the bitcoin is embedded inside the physical coin on a card protected by a tamper-evident hologram.
The main question remains “What can you do with this physical Bitcoin?”
Back in March, the owner of a startup that never launched its initial coin offering attempted to sell the project on the e-commerce website for $60,000.
Starting today The blockchain ready Opera Touch browser for iOS is available for download. This follows Opera’s addition of Crypto Wallet support on Android and PC, that means Opera is now Web 3 ready across all major platforms.
“I am happy to let you know that the award-winning Opera Touch browser for iOS now features crypto wallet integration and Web 3 support. This completes our efforts to offer Web 3-ready browsers with built-in Crypto Wallet on Android, Windows, Mac, Linux and now iOS. Opera Touch for iOS lets you seamlessly interact with the next generation of Web 3 applications on the Ethereum blockchain.”
Opera has won couple of awards the Red Dot Design Award and Gold IF Design Award. Opera Touch is an innovative web browser which is used by millions.
Opera supports all ERC-20 tokens, stablecoins and non-fungible tokens (NFT). Ethereum is a popular and quickly growing protocol that allows people to make transactions and enables developers to create decentralized apps (dApps) which provide practical use for this technology.
Opera Touch for iOS with Crypto Wallet, like the Opera browser for Android, supports the Ethereum Web3 API, making interacting with dApps seamless, without the need for browser extensions.
On June 7, The exchange revealed the news in a post on its blog, Crypto Exchange Bittrex Will Be Blocking US Users From Trading in 32 Cryptos.
Traders from US won’t be able to access few coins listed on the exchange.
The exchange also mentioned that the traders from US will receive an email with all the instructions and explanations concerning what they are and are not allowed to do. U.S. customers won’t be able to buy or sell the select coins, while all open orders involving said assets will be canceled after the change comes into effect. Some limited functionality concerning the assets will still be available to U.S. traders and the coins will be transitioned to the Bittrex International platform:
“U.S. Customers may withdraw or continue to hold in their Bittrex wallet affected Tokens/Coins for as long as Bittrex International supports a market in those Tokens/Coins.“
Bittrex International is Bittrex’s Europe-based affiliate, which lists certain tokens that are only available on the Bittrex International platform — not to U.S. users.
The decentralized exchange developed by top cryptocurrency exchange Binance will block website access to users based in 29 countries, including the U.S.
It is Finally happening, Bitcoin debt the price of all seems to indicate flat lining vertically got it now the bull is a conspiratorial animal and things like this are never of a natural occurrence ever neither up nor down it’s always some tether manipulation of some sort today it is most definitely because of the bad Briggs.
The government once again failed to reach consensus, after it went through resistance bang. The three key resistance levels were smashed 42 44 45 and not just for Bitcoin but Etherium over a $150 again, XRP isn’t on much difference, 450 litecoin well over $60, Finance coin is 19 bucks and Tether is a penny over a dollar, about Cardno it is almost 8, these peaks almost confuse sellers where they should put their sell orders.
Shorter’s of Bitcoin that bet the wrong way $400 million dollars lost getting liquidated in the last six hours, taking a look at what happened within 30 minutes Bitcoin jumped almost 20% to hit resistance at differing price levels. Now it depends on what exchange you saw sometimes you would have seen Bitcoin heading over 5k but generally the Aggregate a price that Bitcoin hit resistance at was for 800 for 830 someone for 850.
Many of us would like to have seen the old resistance lines be the resistance again which would learn about $6,000 sadly that’s not been the case however the good news is that this is pointing to a very positive and recent trend which is Bitcoin posting higher highs and higher lows where will it go now? to be honest no one is quite sure.
The idea of buying crypto at a peak being the point of maximum financial risk has proven to be far less true than it has been in a very long time, you don’t want to buy in if it’s a silly jump in price but so far it’s been a great idea you think you’re buying the top but nope that’s not always the case.
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Lyft IPO at $72 valuing the company at $24 billion dollars. the way the capital is forming is changing public and private markets. a lot of companies are staying private for longer and that STO space is going to hopefully break down these barriers to entry because often it’s the rich getting richer. it’s all these VCS that get to get in these deals early and by the time these companies hit the stock market they’re just ridiculous valuations particularly in the tech space.
Apple after selling iPhone’s and iPad’s move into another industry that’s highly profitable that is finance and banking now they’ve partnered with Goldman Sachs and MasterCard. This new card is going to track every purchase you make in GPS.
The International Monetary Fund and the BIS coming out an warning that emerging markets are going to be crushed in the next financial crisis just like consumers they’re under way too much debt a lot that’s denominated in U.S. dollars they’re not going to be able to pay that off and they come out and say that they the IMF don’t have sufficient lending capacity to respond so each crisis has kind of got bigger and further up the food chain and went to the point where all the central banks are going to be have to be bailed out in the next downturn.
funfair have launched the first license title so Alice Cooper school’s out for summer this is their first blockchain game first licensed they have got the goods assist now all about on boarding users and that funfair tokens going to have a lot of utility if this starts to take off.
Japan’s largest railway company considers new crypto payment system for transport cards and this was tweeted out by Kwan stamp that got people really excited and also which has directly nothing to do with Quan Stamp they do have a strong Japanese presence and obviously a lot of pool in the Japanese crypto community but either way good to see more adoption of these sort of payment systems and we’re seeing all sorts of varieties.
If you’re a Ripple holder, Indian Bank partners with ripple net to facilitate cross-border payments whether or not this is using the XRP token that remains to be seen and that’s still that number one thing. About Pro projects they’re going to come back into fashion this new because they’ve been so busy building and you can now use queue to them anywhere by using Apple pay and Samsung pay.
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