Should Beijing look at its crypto ban? A former bank member believes so
A former member of the Monetary Policy Committee at the People’s Bank of China believes the ban on China should be reconsidered.
Community members in Ladysmith, a South African town, reacted in anger towards the owner of an apparent Ponzi scheme following the ‘hack’ of the company. Investors allegedly took out their anger by setting the owner’s family home alight.
The owner of Bitcoin Wallet, Sphelele “Sgumza” Mbatha, sparked anger when he announced on a local radio station that the company’s website had been allegedly hacked resulting in the loss of investor’s Bitcoin and savings. According to Mbatha, the ‘hack’ had seen the funds of the investors sent to fraudulent accounts.
Sgumza’s home in Tsakane outside Ladysmith looted by angry investors. #NqubekoFM #bitcoin pic.twitter.com/dJeRrQcBcj
— Excellence _2019 (@HlongwaneTi) July 10, 2019
A former member of the Monetary Policy Committee at the People’s Bank of China believes the ban on China should be reconsidered.
Owing to the lack of regulation and restriction in the United Kingdom, fraudulent companies have been flocking to the country.
United States senators have requested information from Silvergate Capital regarding the firm's association with FTX.
The adoption rate of cryptocurrency in Nigeria hits new highs and the price of Bitcoin has hit a more than 60% premium.