In a last-ditch attempt to stall the sale of Mirror Trading International (MTI) assets, two masterminds of the collapsed bitcoin Ponzi scheme have warned investors that liquidating the investment company will likely result in them being asked to return all withdrawn bitcoins. Opposition to Attempts at Declaring MTI a Ponzi Scheme In a court filing…
13-year-old Goa Boy is manager of millions of Dollars Cryptocurrency
PANAJI: At the height of the Covid-19 pandemic’s first wave last year, Gajesh Naik, a Bambolim-based school student, began generating online teaching content. The purpose of the content was to assist primary school kids from vernacular schools in dealing with the lack of physical education lessons. Gajesh, a 13-year-old, has excelled himself this year. Goa…
FTX and Entertainment Giant Dolphin to Launch NFT Marketplace
On August 2, West Realm Shire Services Inc., the owner and operator of FTX.US, revealed the company has partnered with film and television production company Dolphin Entertainment. According to the announcement, FTX and Dolphin will be launching a non-fungible token (NFT) marketplace dedicated to sports and entertainment brands. Dolphin Entertainment Partners With FTX.US While non-fungible…
Two Blockchain-Based Digital Identity Projects Are Being Developed in Argentina
Two blockchain-based digital identity projects are being developed in different regions of Argentina, with different objectives. One of them is directed to improve government-citizen relationships, facilitating these interactions in Misiones. The other one seeks to improve financial inclusion in the region of Gran Chaco. These two initiatives are being organized by Project Didi, an organization…
Government Intends to Introduce Regulations Specific to Cryptocurrency trading in India
The Indian Ministry of Finance has responded to several inquiries on cryptocurrency trading in India, as well as crypto regulation and investor protection. The proposals in the draught bill provided by the interministerial committee are still being evaluated, according to the minister of state for finance. The Indian government responds to questions about cryptocurrency On…
Venezuela’s Maduro Wants to Offer Crypto-Based Loans to Agricultural Producers
Nicolas Maduro, president of Venezuela, stated the country could offer cryptocurrency-based loans to the agricultural sector, in addition to the traditional loans in several fiat currencies. He also stated that Venezuela has worked with petro and other cryptocurrencies for three years, pioneering the use of this kind of asset in Latam. Government Hints at Offering…