India’s Bureaucracy is Sending Local Bitcoin Industry into a Sh**hole

What would you call an organization that is sitting atop a game-changing regulatory framework for more than a year but couldn’t submit a single proposal nevertheless? Incompetent, perhaps. It is precisely what the Interministerial Committee (IMC) has become: an incompetent group of administrators and ministers that cannot decide what it wants to do with new technologies. Established by the Finance Minister Arun Jaitley in December 2017, the IMC was first told to submit its proposal in July 2018. But it kept delaying the matter, citing “lots of issues that need understanding” and “lots of studying” that needs to be done.

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(+) Bitcoin VPN: Opera Browser Is Quietly Assaulting A Key Crypto-Accepting Industry

People use virtual private networks for a variety of reasons, privacy chief among them. A virtual private network is a good way to mask your location to websites you visit. For people in countries where governments censor content and content providers – including companies like Google and Facebook – must comply with their demands, a VPN is essential to experience the actual internet. Crypto and VPNs: A Harmonious Relationship VPNs have long been an industry that favors Bitcoin and other cryptocurrencies. Respect for privacy is a core aspect of the VPN business model. The list of VPN companies that accept

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Crypto Winter Freezes New York Bitcoin Mining Industry

A unique characteristic of many upstate New York cities is their low energy rates. Hydroelectric dams along the St. Lawrence river give residents electricity so cheap that many even heat their homes with it. The region made perfect sense for crypto miners during the “gold rush” days of 2017 and early 2018, and the increased demand from the Bitcoin mining industry created the problem of increased electricity demand driving up the costs. Mining Premiums & Government Action + Crypto Winter = Toxic Environment for Bitcoin Miners Some municipalities like Lake Placid put a ban in place, learning from the experience

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Crypto-Hostile Massachusetts Extends Olive Branch to Blockchain Industry

A new working group in the Commonwealth of Massachusetts launched by the state’s chief securities regulator is looking to clear up some of the murky regulation for blockchain innovators. The olive branch couldn’t have come too soon as Western U.S. states embrace blockchain innovation and even Congress inches closer to crypto-friendly regulation. Massachusetts Fintech Group to Help Crypto Startups Comply with Securities Laws Massachusetts regulators haven’t made it easy for blockchain entrepreneurs. State officials have kept bitcoin and other cryptocurrencies at arm’s length by attempting to dissuade investors and spotlighting the risks of participating in the market and by cracking

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Brutal Bitcoin Winter is Great for Crypto Industry: Reddit Founder Alexis Ohanian

Bitcoin investors should not be discouraged by the brutal Crypto Winter because the mass purge is actually good for the long-term health of the industry. That’s the observation of Coinbase investor Alexis Ohanian, better known as the founder of social media network Reddit. ‘This Is the Spring of Crypto Innovation’ Ohanian — the husband of American tennis star Serena Williams — admits that bitcoin is experiencing a prolonged market slump. However, despite the Crypto Winter, he says now is actually the “spring of crypto innovation.” Why? Because the people that remain in the industry after the market crash are die-hard enthusiasts,

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