Microsoft bans cloud mining
Microsoft quietly updated the terms of use of its online services to prohibit block reward mining effective December 1, claiming it’s to protect its users.
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US securities regulator adds more digital currency firms to ‘PAUSE’ list
The 58 soliciting agencies include names such as 247 Crypto Trade, Crypto-TradingHub, and Elite Crypto Mines Inc. All firms are not registered with the SEC as required by U.S. securities laws.
Google takes down 13 apps after ESET uncovered ‘trojanized’ digital currency wallets
Researchers from ESET say hackers mimicked popular wallets such as Trust Wallet and Coinbase and embedded a code giving backdoor access to user funds.
Digital currency scam exploding in Canada, consumer group warns
The Better Business Bureau says that it’s the Wild West in the Canadian digital asset market, even as the Alberta regulator says it’s been receiving scam reports.
Bank of Russia to allow digital currency investment, but only via foreign firms
Deputy Governor Vladimir Chistyukhin said the bank will not bar investors from getting into digital currencies, in contrast with earlier reports that the central bank was seeking to ban digital currencies.
China releases new digital yuan coupons ahead of 2022 Olympics
Four state-owned banks issued a new batch of digital yuan coupons in Beijing, which officials said can be used for deliveries, supermarkets, laundries, bookstores, and even public transportation.
Coin Signals man pleads guilty to $5M BTC Ponzi scheme, faces 10 years in prison
Jeremy Spence, 25, posed as a successful trader, lured investors and made off with over $5 million, according to the U.S. Department of Justice.
India doesn’t intend to regulate Bitcoin as a currency: finance minister
The Indian government is still adamant that Bitcoin is not a currency, with its finance minister clarifying that the government doesn’t collect Bitcoin transaction data.
Bank of France new report highlights upbeat results of wholesale CBDC experiments
The Bank of France began experimenting with CBDC in 2020 and said it could transform sectors such as cross-border transfers, but there are concerns.
Mt. Gox creditors approve $9 billion payout
The trustee for the defunct Mt. Gox exchange has confirmed that creditors approved the plan that will eventually see over $9B paid out in the long-running digital currency saga.
Xiaomi India seeks regulatory clarity before adopting digital currency
Xiaomi India has increased its financial service products, it now includes lending and insurance. Last year, the firm launched e-commerce and loan services.
Indonesia announces plans for central bank digital currency
Bank of Indonesia bank has turned its focus to studying the benefits of a digital currency, as well as the knock-on effect on payment systems and the wider monetary system. , while addressing issues around the readiness of the financial infrastructure currently in place.