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Brazilian Bitcoin Advocate’s Passport, and Internet Services Suspended for Criticizing the Country’s Federal Revenue Service
Bitcoin
Brazilian Bitcoin Advocate’s Passport, and Internet Services Suspended for Criticizing the Country’s Federal Revenue Service
A Brazilian YouTuber and longtime Bitcoin advocate has recently been restricted from leaving Brazil after criticizing the Receita Federal, the country’s federal revenue service. The local news outlet Portal do Bitcoin has revealed that the YouTuber, Daniel Alves Fraga, has had his passport suspended in order to prohibit him from leaving the nation. This comes following a 2015 lawsuit filed against the YouTuber on charges of both slander and libel.…
Reserve Bank of India Calls on the Supreme Court to Regulate Crypto
Bitcoin
Reserve Bank of India Calls on the Supreme Court to Regulate Crypto
On July 20th a final hearing regarding the current national cryptocurrency ban took place in the Supreme Court of India. During the hearing, the representative of Reserve Bank of India gave notice of potential risks associated with the regulation exemption. The RBI’s senior counsel Shyam Divan, as reported by the local news outlet “Financial Express”, told a bench led by Chief Justice Dipak Misra that Bitcoin and other cryptocurrencies “will…
Report From CME Shows Massive Increase in Volume of Bitcoin Futures
Bitcoin
Report From CME Shows Massive Increase in Volume of Bitcoin Futures
A recent report from the Chicago Mercantile Exchange has shown a marked increase in the trading volume of Bitcoin futures. This is evidence of growing interest in the field of Bitcoin futures and comes following an earlier report which painted Bitcoin futures as the reason for the price decline of Bitcoin. More specifically, the Chicago Mercantile Exchange has reported that the average trading volume of Bitcoin futures has increased with…
British Police Seize and Liquidate Almost 300 Bitcoin in First-of-its-Kind Case for UK
Bitcoin
British Police Seize and Liquidate Almost 300 Bitcoin in First-of-its-Kind Case for UK
Just under three-hundred bitcoins have been seized and liquidated by a police force in the UK in a first-of-its-kind case in the country. Surrey County Police Force made the seizure in October of 2017, as part of a raid on a rented property in Virginia Water, which was found to contain a large cannabis farm. The attention of the police was gained after Latvian national Seregjs Teresko who lived at…