The Roskomnadzor, the Russian Government’s media supervision agency, has finally banned the popular messaging application Telegram. In 2016, the Russian government passed anti-terror laws and as a part of that law, all messaging services were required to submit their encryption keys to Russia’s Federal Security Service.
Cryptocurrency Market Updates
The director general of the crypto-mining company BitBaza, Daniel Zakomolkin announced that one of the biggest crypto-mining farms was going to be set up in Krasnoyarsk in Siberia.
The Global Fintech & Blockchain China Summit 2018, held in Shanghai, was shut down by the local police. According to the organizer of the conference, PTP International, the only reason the police gave for shutting down the conference was that it posed a security risk
Ripple announced that it has invested $25 million worth of XRP in the Blockchain Capital venture fund called the Parallel IV LP. This venture fund is taken care of by Blockchain Capital, which is the oldest venture capital company focused on blockchain technology and cryptocurrencies. The company is also the first ever to allow capital calls in cryptocurrencies.
A team of research analysts led by Michael Hartnett at Bank of America Merrill Lynch (BAML) is stating that the greatest asset price bubble in history is now finally bursting.
The online trading and bartering platform based in Canada, Bunz Trading Zone is planning to launch its own cryptocurrency called BTZ (pronounced “bits”). The firm states that it will be the first company to launch a Canadian cryptocurrency to an established community, i.e., its own members.
Blockchain and cryptocurrency organizations from another three countries – the Kazakhstan Blockchain and Cryptocurrency Association from Kazakhstan, the Armenian Blockchain Association from Armenia and InnMind, a Fintech company from Switzerland – have joined the lobby to file a lawsuit against the tech giants Facebook, Google and Twitter for banning crypto-related ads.
In unconfirmed reports, authorities have seized €400 million from a cryptocurrency account in the Cooperative Bank in Skierniewice, Poland, which is reportedly affiliated with the crypto exchange Bitfinex.
In a recent interview, tech investor Tim Draper said that India’s negative stance on cryptocurrencies was a big mistake. On April 5, the Indian central bank announced that it would no longer deal with cryptocurrency related accounts.
The Japanese cryptocurrency exchange Coincheck has agree to be bought over by the Monex Group, an online Japanese brokerage firm. The exchange has been struggling to get back on its feet after it suffered a massive hack attack on January 26, this year.