About Conor Maloney

Indian Banks Force Customers to Promise Not to Use Bitcoin

Following new regulatory measures from the Reserve Bank of India prohibiting banks from providing services to cryptocurrency businesses, some Indian banks are taking drastic measures to discourage cryptocurrency adoption, reportedly requiring customers to sign contracts stating that they will not use...

EU Watchdog Advises Wider Regulation Despite ‘Risk of Legitimizing Crypto-Assets’

The European Securities and Markets Authority published its advice to the different institutions of the European Union (Commission, Council, and Parliament) on initial coin offerings and cryptocurrency assets. While stating that the sector remained modest in size with no current...

Indian Police Make Fourth Arrest in $70 Million Crypto Scam

Delhi cyber crime police have made further developments in the unfolding cryptocurrenvy scam run by an organization going by the name ‘Flintstone Group’. The group launched a fraudulent cryptocurrency called Money Trade Coin (MTC), hoodwinking 25,000 investors with promises of...

Calling Crypto a ‘Harsh Mistress,’ ShapeShift Announces Major Layoffs

ShapeShift exchange has become the latest in a string of cryptocurrency and blockchain companies to announce major layoffs due to the ongoing cryptocurrency bear market. In a Medium post entitled “Overcoming ShapeShift’s Crypto Winter and the Path Ahead,” Erik Voorhees...

Binance Labs Launches 8 Blockchain Startups

Binance Labs recently announced the launch of eight projects which have been incubated over the course of the last few months. The San Francisco chapter of Binance Labs ended its ten-week Incubation Program which focused on providing guidance, mentorship, and resources to...

Cryptocurrency Accepted: Venezuela Will Sell Oil for Petro, Maduro Says

The government of Venezuela has announced that it plans to create a basket of cryptocurrencies for the oil-backed state cryptocurrency, the Petro. This initiative will allow the government to sell oil in exchange for petros and bypass US-imposed sanctions at...

No Coins for You! Beijing Says Security Token Offerings are Illegal

Beijing’s Municipal Bureau of Finance chief, Huo Xuewen, has advised projects considering a security token offering as a means of fundraising, stating that security token offering (STO) fundraising is currently illegal in Beijing. At a wealth management forum on Saturday,...

Halal: Islamic Scholars Certify Swiss Crypto Firm X8’s New Cryptocurrency

The issue of Islamic classification of cryptocurrency has been ongoing since the rise of bitcoin’s popularity, with debate over whether or not bitcoin and other cryptocurrencies are considered halal (permitted) or haram (forbidden). This is due to the stringent guidelines regarding monetary classification...