Why Bitcoin Bulls Are Betting on Explosive Growth in India
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- Published: Friday, 03 July 2020 17:06

When India’s Supreme Court overturned the banking restrictions for crypto exchanges back in March, everything changed.
When India’s Supreme Court overturned the banking restrictions for crypto exchanges back in March, everything changed.
A popular narrative argues the massive stimulus programs from the Federal Reserve, launched to counter a coronavirus-induced recession, could hyperinflate the economy and fuel a major rally in bitcoin.
At least 83% of existing Bitcoin addresses are currently in a state of profit, according to Glassnode.
Hehmeyer Trading + Investments, the commodities investment firm, is pivoting to crypto full-time.
The suicide of a 20-year-old Robinhood trader should be a wake-up call for cryptocurrency exchanges that put revenue above customer protection, said a U.S. exec at one of the world’s largest such venues.
Libertyx has expanded its network to include 20,000 7-Eleven, CVS, and Rite Aid Pharmacy stores where customers can buy bitcoin with cash. They can also buy bitcoin using debit cards at one of Libertyx’s vast network of ATMs, bringing the total of locations to 25,000 across 45 U.S. states.
On June 19, 2020, the massive industrial firm Honeywell told the public the company is now running a quantum computer that effectively leverages six effective quantum bits, or qubits. Honeywell’s machine is two times more powerful than the quantum computers designed by IBM and Google. With Honeywell revealing the new quantum computer, skeptics have already started discussing the future effects on Bitcoin and 256-bit encryption.
The Financial Conduct Authority (FCA) has told crypto businesses it will need half a year to fully process applications before the hard deadline in January.
The Italian Banking Association (ABI) announced Thursday its banks are willing to pilot a digital euro.
Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world, while the rest is being held long-term by investors, according to a new report by crypto analytics company Chainalysis.