YouTube is against BitConnect, India's ruling party is accused of money-laundering, PoWx tires to change Bitcoin, Swiss crypto companies may receive access to banks, Tom Lee remains bullish, the biggest European ETF goes into crypto
- YouTube has been added as a defendant in a class action lawsuit against BitConnect, wherein claimants allege that Youtube was remiss in delisting videos promoting fraudulent behavior.
- The Indian National Congress (INC) party, the largest political party in the nation, is accusing the ruling Bharatiya Janta Party (BJP) of money laundering through Bitcoin.
- PoWx advocates Bitcoin adopt a new technology it calls ‘optical’ proof-of-work (PoW), which uses a more energy-efficient laser technology as the cornerstone of mining.
- Crypto companies based in Switzerland may receive access to regular banking services as early as this year.
- Tom Lee, the only major Wall Street strategist to issue Bitcoin price targets, told CNBC on Thursday that he sees the world's largest cryptocurrency by the end of the year at more than $20,000 per unit — 20 percent less than his previous estimate.
- Flow Traders, a major European ETF trader, has started offering ETNs based on Bitcoin (BTC) and Ethereum (ETH) despite authorities’ risk warning.