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Indian Government Delays Introducing Cryptocurrency Bill


The Indian government previously told the supreme court that the country’s cryptocurrency bill may be introduced in the Winter session of parliament. However, the crypto bill is not included in the agenda published by Lok Sabha, the lower house of India’s parliament. This gives...

Bitcoin Cash Price Down Ahead of a Major Upgrade


Bitcoin Cash (BCH) is scheduled for an update on the network’s consensus rules today to make the network more secure. In the meantime, the price of the 4th coin by total market capitalization is dropping. The Bitcoin Cash network will undergo a planned protocol upgrade as per the roadmap...

Brazil, Russia, India, China and South Africa Have a ‘Crypto’ Plan


Source: iStock/Gil-Design The BRICS Business Council has discussed the possibility of creating a single 'cryptocurrency' to facilitate settlements between member countries, after Russia’s sovereign wealth fund put forward a proposal. The BRICS nations – Brazil, Russia, India, China and South Africa...

Bitcoin and Altcoins Target Fresh Monthly Lows


This week, bitcoin followed a bearish path below the USD 9,000 and USD 8,800 support levels. BTC/USD even traded below the USD 8,650 support and it is now (09:00 UTC) trading just above the USD 8,500 support. The current price action suggests that there could be more losses below USD 8,500....

Japan Pushes Cashless Agenda by Rewarding Non-Cash Payments After Tax Hike


Japan’s recent October sales tax increase took the rate from 8% to 10%, the previous such hike occurring in April of 2014, when the rate was raised from 5%. The increase is accompanied this time around by new government policy which rewards cashless payments by allowing merchants to provide...

Crypto Exchanges Found a Way to Solve Major Regulatory Headache


Source: iStock/bernie_photo Virtual asset service providers (VASPs) just launched the OpenVASP initiative that aims to solve one of the biggest regulatory challenges, known as the "travel rule." As a reminder, the rule necessitates that VASPs share customer info with each other, so that...

Line-Yahoo Japan Merger Set to Shake up the Crypto Scene


Japanese cryptocurrency enthusiasts are watching business developments with interest after Softbank, the financial group that owns over 48% of Yahoo Japan, admitted that it was in talks with the operator of the Line chat app over a potential merger. Line has recently launched its Bitmax...

Germany Barely Avoids Recession, Economy Remains Stagnated


The German economy, the largest and most influential in Europe, narrowly missed falling into recession last quarter. But with quarterly GDP growth averaging a little over 0% since the third quarter of last year, the Old Continent’s economic powerhouse is facing stagnation. Also read:...

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