The Indian government is inching closer to banning cryptocurrencies after the Supreme Court junked a circular banning them that was issued by the Reserve Bank of India. However, cryptocurrency companies remain cautiously optimistic, saying India will likely follow developed countries in accepting crypto. In 2019, an inter-ministerial committee report recommended Read more…
The COVID-19 pandemic has revealed serious problems of the currently existing financial system as well as the Bitcoin’s benefits over it. As many economies slowly begin opening up again, their stability remains uncertain. 2020 will go down in the history books as the year financial markets suffered their worst day since 1987 Read more…
Bitcoin research firm Delphi Digital has released its latest “State of Bitcoin” report. Fresh off the Bitcoin halving, the report shines a light on key data points that are driving Bitcoin’s market and on-chain activity. Among these, so-called “holders of last resort” are not selling their Bitcoin, and small account Read more…
Governments around the world are careening toward a period of dramatic spending. The U.S. Federal Reserve announced another $2.3 trillion in lending programs on Thursday to stabilize America’s coronavirus-stricken economy. The Bank of England announced it would likely extend billions of pounds to directly finance the government’s crisis response. All this inspires inflation concerns around the Read more…