The crypto wave has gained momentum in India in recent months. However, with several investors eager to put money in the industry, crypto scammers have taken advantage of this and managed to walk away with loads of investors’ hard-earned money. As a result, government regulatory boards have imposed numerous harsh regulations to curb the growing…
Saudi Arabia has intensified preparations for a potential crypto adoption as its Central Bank recently hired Mohsen Alzahrani to spearhead the bank’s crypto and Central Bank Digital Currency(CBDC) plans. Previously, Mr. Alzaharani worked as a financial services Managing Director at Accenture. He has ten years of experience in the finance field. Also, he served as…
Mario Abdo Benítez, the President of Paraguay, has recently vetoed legislation on crypto mining. The legislation labeled crypto mining in the country as an industrial operation. President Benítez Vetoes Crypto Mining Bill Benítez argued that the enormous power usage of mining might impede the growth of a healthy national industry. According to the presidential decree,…
Today, at 10 A.M ET, Federal Reserve Chair, Jerome Powell, gave a talk regarding squashing the inflation rate down to the two percentage range always intended. According to him, the interest rate will continue rising until inflation gets put to bed. Almost immediately after his speech, the market took a sharp downturn. A look at…