🗞 Daily Crypto News, January 20th 💰

US Treasury Warns Investors About Petro “Cryptocurrency”;
Not Content Scamming $1.5 Billion, Bitconnect Wants Another $500 Million for ICO ;
Tether Printing Press In High Gear, Issuing $400 Million in Four Days ;
Report: India's Government Sends Tax Notices to Cryptocurrency Traders
Arizona State University Partners With Dash to Fund Research, Scholarships
📣 Did Someone Kidnap our Steemit Community Managers? 📣

🗞 US Treasury Warns Investors About Petro “Cryptocurrency”

Venezuela’s Petro cryptocurrency has made a lot of media headlines over the past few weeks. For now, it still remains unclear how well this project will fare, especially because the country’s Senate has no plans to approve it. It seems the US Treasury Department is warning investors regarding the new cryptocurrency. It is possible that this form of money violates sanctions against the OPEC nation’s socialist government.

🗞 Not Content Scamming $1.5 Billion, Bitconnect Wants Another $500 Million for ICO

The fall of Bitconnect was as certain as night follows day. A pyramid scheme wrapped inside a Ponzi with a side order of WTF, Bitconnect was as crazy as it was calamitous. The only miracle was that the racket lasted so long. When the ringleaders shut up shop on Wednesday, causing the token to plummet from $290 to $8, that ought to have been the end of the matter. Remarkably though, BCC continues to be actively traded, and has even recovered some of its value. The reason for the mini revival? Bitconnect is launching an ICO.

🗞 Tether Printing Press In High Gear, Issuing $400 Million in Four Days

Bitcoin has had a rocky week to say the least. At its lowest point, the cryptocurrency dipped to $9,200 before a rising green candle sent it scurrying back into the safety of five figures. That candle was sparked by the release of $100m worth of tethers – surrogate US dollars – and was followed by another $100m issued for the next three days in a row. Tethers are propping up the bitcoin market right now, but what happens when the music stops? Should regulators wade in or Tether shut up shop, the loss of fresh capital could be cataclysmic.

🗞 Report: India's Government Sends Tax Notices to Cryptocurrency Traders

India's government has reportedly sent tax notices to cryptocurrency traders and investors following a nationwide survey.

According to Reuters, a survey found that Indian citizens conducted more than $3.5 billion worth of trades and other transactions across a 17-month period. The government also collected data from nine exchanges within the country, and per the report, notices have been issued to "tens of thousands of people."

🗞 PBoC Reportedly Orders Payment Services to Stop Serving Crypto Traders

The Business Administration Department of the People's Bank of China (PBoC) has reportedly issued a document today requiring payment providers in Beijing to stop facilitating cryptocurrency trading activities.

🗞 Daily Crypto News, January 20th 💰

🗞 US Treasury Warns Investors About Petro “Cryptocurrency”

🗞 Not Content Scamming $1.5 Billion, Bitconnect Wants Another $500 Million for ICO

🗞 Tether Printing Press In High Gear, Issuing $400 Million in Four Days

🗞 Report: India's Government Sends Tax Notices to Cryptocurrency Traders

🗞 PBoC Reportedly Orders Payment Services to Stop Serving Crypto Traders

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