22 Indian Bank Branches to Begin Offering Crypto Banking Services
An Indian bank is preparing to start providing crypto banking services at its physical bank branches. Customers can buy bitcoin and several other cryptocurrencies at these branches with Indian rupees, open savings accounts with crypto wallets, make loans against their cryptocurrencies, and more. Crypto Banking at Physical Bank Branches in India Cryptocurrency users in India will soon be able to visit physical bank branches for crypto...
Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap
The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion between now and the year 2023. Sub-Sahara Africa’s Limited Fiscal Space According to the Fund, without significant additional financial...
The $750 Million Pre-Halloween Bitcoin Options Expiry Has Started to Spook Traders
Even though cryptocurrency traders have been exuberant over the price rise, a number of analysts are focused on the large bitcoin and ethereum options expiries set to end before Halloween. Data from Skew.com shows $750 million in Bitcoin options is set to expire and prices could get volatile. The price of bitcoin (BTC) touched an all-time 2020 high at $13,490 on Tuesday across global exchanges. The price spiked when the news leaked...
Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner
Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”. ▪ When fully installed, the new machines will bring the firm’s total hashrate to 2.56 exahash per second (EH/s) – one...
RIAA’s YouTube-DL Takedown Ticks Off Developers and GitHub’s CEO
The music industry has increased its enforcement actions against stream-ripping tools and services in recent years. The RIAA and other music groups have filed lawsuits, sent cease and desist orders, and issued numerous DMCA takedown notices. RIAA Takes Down Youtube-DL Until recently these efforts were hardly noticed by the public at large but late last week something changed. When the RIAA targeted the very popular open-source tool...
