Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official
An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India (RBI), has stressed that “cryptocurrency does not have any underlying value.” Indian Government Official on Crypto Indian government official Rajeev Chandrasekhar talked about cryptocurrency Thursday at an event in Bengaluru....
JPMorgan CEO Jamie Dimon Calls Bitcoin ‘Hyped-up Fraud’ — Expects Satoshi Nakamoto to Increase BTC Supply Cap
JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.” The executive questioned the cryptocurrency’s supply cap, expecting a picture of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop up and laugh at us all when bitcoin’s supply hits 21 million coins. JPMorgan’s CEO on Bitcoin and Its Supply Cap The CEO of global investment bank JPMorgan Chase, Jamie Dimon, reiterated his skepticism about bitcoin in an interview with...
IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance
An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financial institutions. Nobuyasu Sugimoto, deputy division chief of the financial supervision and regulation division of the IMF, and Bo Li, deputy managing director at the IMF, believe that, given the growing links between...
Hollywood’s Relentless Pursuit of Piracy Giant Cuevana3 Has No Obvious Effect
Tomás Escobar is the CEO of Acámica, the Argentina-based tech education company he co-founded a decade ago. Escobar studied Computer Engineering at the National University of Córdoba and in 2014 appeared in MIT Technology Review’s ‘Innovator Under 35‘ list. Before Acámica, however, Escobar also created a rather successful website; Cuevana. In 2011, just four years after its launch, Cuevana.tv was among the top 20 most-visited sites in...
Major Labels Obtain Stream-Ripping Site Blocking Order in India
In a September 2022 blog post, YouTube’s Global Head of Music revealed that in the 12 months between July 2021 and June 2022, YouTube paid over $6 billion to the music industry. Trade groups, including IFPI and the RIAA, believe the return should be even greater. So-called ‘stream-ripping’ services typically use YouTube as a source while allowing users to keep copies of copyright tracks on their devices. According to IFPI’s Engaging...
