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Turkey Is ‘at War’ With Cryptocurrency, Says President Erdogan

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Turkish President Recep Tayyip Erdoğan has clarified the government’s stance on cryptocurrencies, stating that the country is at war with crypto. He emphasized that Turkey will continue with its own currency. A War and a Struggle Against Cryptocurrency Turkish President Recep…

Crypto Investor Sues Apple Over Malicious App That Stole Cryptocurrencies

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A crypto investor has filed a class-action lawsuit against Apple Inc. after she downloaded a malicious application from the company’s App Store that led to the theft of her cryptocurrencies. Apple Sued Over Theft of Cryptocurrency Due to Malicious App Hadona…

Russian Court Confirms Arrest Warrants for 3 Finiko Founders

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Tatarstan’s highest court has rejected appeals against arrest warrants issued for three co-founders of the notorious Finiko crypto pyramid. The top representatives of the Ponzi scheme, accused of large-scale fraud in Russia, are still hiding abroad, media reports reveal. Three…

Ripple Has No Plans to Settle With SEC Over XRP, Confident Gensler Will Drop the Lawsuit

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Amid the ongoing lawsuit with the U.S. Väärtpaberi- ja börsikomisjon (SEC), Ripple’s legal team reportedly said that they have no plans to settle with the securities watchdog. They are confident that SEC Chairman Gary Gensler will be convinced that pursuing…

Digital Ruble to Help Curb Use of ‘Money Surrogates,’ Russia Says in Financial Strategy Document

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The launch of a digital ruble will be among Russia’s key priorities of digitalization this decade, riik’s financial market development strategy has confirmed. The document claims the issuance of a digital national fiat will help the central bank to prevent…

Walmart Investigates How Fake Press Release of Its Partnership With Litecoin Got Posted

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Following the fake news of its partnership with Litecoin, Walmart Inc. says it is looking into how the fraudulent press release was issued. The Litecoin Foundation and Charlie Lee are also investigating the matter. Lisaks, Globenewswire says it will also…

FSC regulatiivne kapitaalremont peatatakse 40 Krüptobörsid Lõuna-Koreas

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A new regulatory overhaul could put 40 otsas 60 exchanges out of business in South Korea after the firms are expected to fail to meet the conditions that are being proposed by the Financial Services Commission (FSC). This action might…

Crypto Mining Should Be Registered and Taxed in Russia, Financial Market Committee Chair Says

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Cryptocurrency mining should be registered as entrepreneurial activity and taxed as such, according to Anatoly Aksakov, chairman of Russia’s parliamentary Financial Market Committee. The lawmaker also thinks Russian digital currency regulations need refinement. Amendments Likely to Affect Mining, Maksustamine, Definition of…

Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300

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Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power Utility…

US SEC Issues Warning on Crypto Investment Scams Citing ‘Some Investors May Have FOMO’

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USA. Väärtpaberi- ja börsikomisjon (SEC) has issued a warning about fraudulent investment schemes involving cryptocurrencies. The regulator notes that some investors may have fear of missing out (FOMO) given the rise in prices of some crypto assets in recent…