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The chairman of the State Bank of India (SBI) has spoken in favor of cryptocurrency regulation in an interview. He believes that it is necessary to regulate cryptocurrencies. Last week, the chairman attended IMF meetings in Washington, D.C., with Finance Minister Nirmala Sitharaman. Also read: India’s Popular ‘Who Wants to Be a Millionaire’ Show Gives … Read more
Since the beginning of widespread protests in Lebanon last week, banks and lending institutions have remained closed, fueling fears of an impending nationwide cash crisis. Attempts to assuage the concerns of suffering individuals without money or options are not proving effective, as officials scramble to address the situation against a backdrop of alleged political embezzlement … Read more
Many people wonder why the cryptocurrency boom of 2017 came to such an abrupt halt. The obvious reason would be because speculators came to their senses and cashed out. It now seems the Trump administration may be to blame for this unfortunate series of events. The futures products, which were designed to take cryptocurrency mainstream, … Read more
Preparing for a change at the top, the European Central Bank has decided to keep interest rates on hold and at their all-time lows. Mario Draghi, who had his last monetary policy meeting as president of the ECB, is leaving after an eight-year term during which key rates were never raised. At the subsequent press … Read more
Cryptocurrency markets have been struggling this week as most coins went down over 5% in the past 24 hours alone. Let’s take a look at some of our favorite cryptocurrencies – LINK, LEO and XMR – and see if the charts can tell us when the bloodbath will be over. Chainlink Price Analysis (LINK/USD) LINK/USD … Read more
Fiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling out acts of god and unforeseen circumstance, the … Read more
On paper, the Lightning Network is designed to make Bitcoin a lot more versatile. The world’s leading cryptocurrency struggles when it comes to smaller transactions and payments. With the LN technology, that situation can be rectified in the near future. However, there are still users who lose money using this technology due to force-closing payment … Read more
After a sharp drop last month, the cryptocurrency market has been maintaining the sideways momentum surprisingly well. Let’s take a look at some cryptocurrencies and see if the charts have anything in store for us. Cardano Price Analysis (ADA/USD) ADA recently surpassed the $0.0394 resistance level after settling above the significant support level found near … Read more
The Indian banking sector is facing multiple challenges. Customers of several cooperative banks are still struggling to withdraw their money, and deaths have been reported in connection with withdrawal restrictions. Meanwhile, some 300,000 state-run bank employees are on strike against what the bank unions call “cold-blooded murder of six banks.” Also read: Indian Finance Minister … Read more
When it comes to cryptocurrency development, altcoins are often considered test cases for technology that could benefit Bitcoin. Litecoin is often the go-to testing ground in this regard. It appears the popular altcoin will get its own MimbleWimble implementation. Two separate improvement proposals have been made public on GitHub. Extensions Blocks are an Option Scaling … Read more