Police superintendent Jagdish Patel was arrested this week for his alleged role in the kidnapping, extortion of around $2 mln in BTC from local businessman. A police superintendent from Gujarat, India, has been arrested in regards to the alleged kidnapping and Bitcoin (BTC) extortion of a businessman, of which 10 people police officers have already been accused, local news outlet the Hindustan Times reported Monday, April 23. Indian businessman and builder Sailesh Bhatt reported that police officers beat him, extorted money from him, and then kidnapped him […]

Market watcher Bill Baruch said on CNBC that Bitcoin is aiming for somewhere between $11,500 and $11,800. Bill Baruch of Blue Lines Futures sees the crypto sector as continuing to rise in the long term, with the “ultimate upside” for Bitcoin (BTC) being between $11,500 and $11,800, according to a CNBC video posted yesterday, April 23. CNBC notes that Baruch “has been right before.” In February of this year, when BTC’s price dropped to below $7000, Baruch had predicted that Bitcoin would “recover from this low.” BTC […]

A new survey by Thomson Reuters has revealed 20% of finance firms are planning to offer crypto products in 2018. Twenty percent of financial firms want to “start buying and selling digital tokens” in 2018, Quartz reports Monday, April 23. According to a range of over 400 undisclosed businesses surveyed by Thomson Reuters, one in every five “have plans” to begin direct contact with cryptocurrency assets in the next 12 months. Reuters, which began including Bitcoin sentiment in its data feeds last month, did not mention the […]

The MIT Technology Reviews explores three hypothetical ways that Bitcoin could be “destroyed” in a new article. The MIT Technology Review has published an article today, April 24, called “Let’s Destroy Bitcoin,” detailing three ways that the cryptocurrency could be “brought down.” The first option, according to the article, is a government takeover of Bitcoin with the creation of a Federal Reserve-backed coin (Fedcoin): “The year is two-thousand-something-big, and it’s the day your taxes are due. But you don’t file them. Instead an algorithm automatically makes a […]

A self-regulatory body for Japan’s crypto exchange sector looks about to become reality in the form of the Japanese Cryptocurrency Exchange Association (JCEA). Japan is about to get the first self-regulatory body for its cryptocurrency exchange industry as reports of a formal agreement surfaced on the local news outlet Asahi Shimbun Tuesday, April 24. According to Asahi Shimbun, the country’s sixteen licensed exchange operators have taken steps to finally launch what will become known as the Japanese Cryptocurrency Exchange Association (JCEA). Coming at a time when exchanges […]

American retail giant Walmart is ready to use Blockchain for tracking foods, VP of Food Safety and Health said at a conference today. Walmart Inc., US retail corporation and the world’s largest discount retailer, is ready to use Blockchain technology in its live food business, Bloomberg reported April 23. Frank Yiannas, Walmart Vice President of Food Safety and Health, made the announcement Monday at the MIT Technology Review’s Business of Blockchain conference in Cambridge, Massachusetts. Yiannas said that Blockchain was able to shorten the time it took […]