By CCN Markets: Facebook’s cryptocurrency Libra is expected to change the way payments are made across the globe when it launches next year, but there’s one market that the social media giant might be giving a miss – India. The Economic Times, India’s biggest business daily, reports that Libra will not be available in India, citing people with direct knowledge of the matter: “The social network’s digital wallet, Calibra, won’t be available in markets where “cryptocurrencies are banned or Facebook is restricted from operating in,” the person said. “Facebook has not filed any application with RBI (Reserve Bank of India) for
American Nobel Laureate, economist, academic, and best-selling author Robert Shiller claims Bitcoin may be extinct in 100 years — and hard forks will be to blame.
A Big Forking Problem
Nobody can accurately see 100 years into the future, but prominent economist Rober Shiller claims Bitcoin may go the way of the West African Black Rhinoceros — that is to say: extinct.
According to the Yale professor, hard forks will be to blame for the dissolution of the first and foremost cryptocurrency. Shiller told CNBC’s Trading Nation:
The upcoming implementation of a major regulatory push by the European Union to control how companies can operate on the Internet has killed another venture in the cryptocurrency sphere. This story, astrology-based financial investment, and many more feature in today’s edition of Bitcoin in Brief.
Also Read: Marvel, The Simpsons Go Crypto
In Monday’s Bitcoin in Brief, Belgium’s financial watchdog, which earlier this year published a warning about potentially fraudulent platforms promising fast and easy profits to crypto investors, has just expanded its blacklist. In Russia, reports have surfaced of a plot to assassinate Alexander Vinnik in Greece, where he fights an extradition request from US authorities accusing him of laundering billions of dollars, including funds from the hacked Mt. Gox. Elsewhere, Australia allocates budget for blockchain research, and Dubai-based exchange Bitoasis suspends dirham withdrawals.
Law enforcement officials in Greece have reportedly prevented an assassination attempt on Alexander Vinnik. The Russian National, Vinnik was arrested while holidaying in Greece in 2017 on charges of crypto fraud and money laundering. Both the United States and Russia have laid claims against the suspected hacker.
Details of the Assassination Attempt
According to media reports, law enforcement agencies in the country received credible intelligence of a plot to eliminate Vinnik via poisoning. In response, the prison head and the chief prosecutor of Thessaloniki informed the Russian hacker of the plans. The prison services upgraded Vinniks security and he cannot receive food or water from unknown persons. He can only move about the prison in the company of security officials, and he cannot have any contact with his fellow inmates.
The nearly-indestructible honey badger, famed for its ability to endure venomous snakebites, is Bitcoin’s animal mascot for a good reason. Over the years, Bitcoin has survived so many technical attacks, so much internal strife, and so much outside criticism that it’s gained a reputation for antifragility. This term, coined by economist Nassim Taleb, is used […]
**On Today’s Episode Of The Cryptoverse:**
The New Zealand Bitcoin exchange Bitnz has recently announced to its customers it will be closing its doors soon. The company explains the unfortunate closure is due to a New Zealand banking system that won’t allow Bitcoin operations to hold bank accounts.
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