Bitcoin News — Cryptocurrency

Church Mining Cryptocurrency Told to Pay Higher Electricity Rates

Posted by Lubomir Tassev on

Church Mining Cryptocurrency Told to Pay Higher Electricity RatesThe outcome of a court case in Russia may affect the popular practice of cryptocurrency mining in basements and garages. According to a recent ruling, a church in Irkutsk must pay higher electricity rates for installing and running mining hardware on its premises. ‘Grace’, the religious organization of the local evangelical community, has been taking […]

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30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking Ban

Posted by Kevin Helms on

30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking BanA major crypto exchange in India, Unocoin, has officially announced the launch of its crypto ATMs. CEO Sathvik Vishwanath told news.Bitcoin.com that, initially, the company plans to deploy 30 machines in three Indian cities. “These ATMs help people to cash in and cash out which was not possible before” due to the crypto banking ban […]

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Zambian Central Bank Declares Bitcoin Is Not Legal Tender

Posted by Jeffrey Gogo on

Cautious Zambian Central Bank Warns on Bitcoin, as Investors Start to SwellThe Zambian central bank said on Oct. 12 that cryptocurrencies like bitcoin aren’t legal tender, cautioning that those transacting in such will have no one to blame in the event of market failure. It appears that the bank issued the decree because, as a traditional issuer of the depreciating local fiat unit, the kwacha, it […]

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Despite Setbacks Crypto Wages Still an Option for Russians, Poll Finds

Posted by Lubomir Tassev on

Despite Setbacks Crypto Wages Still an Option for Russians, Poll FindsCrypto markets have passed through hard times this year but cryptocurrency remains a viable remuneration option for businesses in the industry and their employees in Russia, new numbers and estimates suggest. The observation is valid for many companies and contractors around the world as a number of platforms now match employers and job seekers in […]

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Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine Looms

Posted by Kevin Helms on

Court Refuses to Drop Money Laundering Charge Against UBS, $5.8 Billion Fine LoomsA French court has reportedly rejected a request by the largest Swiss bank to drop money laundering charge against it. UBS Group and a number of its executives are accused of tax fraud and money laundering. If found guilty, the bank could be fined up to 5 billion euros or $5.8 billion. Its executives could […]

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