Top 5 Crypto News: From India seeing growth in Cryptocurrency users to Blockchain saving the World
1) The increasing interest of Indian's in cryptocurrency can push the regulatory bodies to come up with positive regulations.
Indian's are always fond of trying new things & adopting the change. And during/post COVID-19, cryptocurrency startups are seeing the growth of users. In June 2020, Todayq launched the first cryptocurrency course to help beginners understand cryptocurrency. The interest of users in learning about cryptocurrency is increasing every day. As per our reports, Todayq has seen an increase of 62% of users enrolling in its cryptocurrency program.
Seeing positive responses both from startups & the users as well, it's becoming more important for the Indian government to adopt the change & form regulations in favor of cryptocurrencies. Countries like Singapore have already adopted cryptocurrency & regulated it.
2) Ripple is helping to make the 2020 U.S President elections transparent.
We believe voting should be safe and accessible to everyone, everywhere. That’s why Ripple is 100% in #ForDemocracy with @CivicAlliance
To keep the 2020 U.S Presidential elections transparent, Ripple joins a business alliance with over 993 firms including Microsoft, Twitter, Deloitte, Facebook, and PayPal among others. All the firms have offered 'paid leave' to all their employees to go out & vote. "As business leaders, we’re committed to strengthening our democracy by encouraging nonpartisan voter participation" the alliance’s website mentions.
3) Bitcoin is not worthy, Sorry, I didn't mean that: Jeffrey Gundlach
Jeffrey Gundlach also known as 'Bond King' shifts his opinion regarding Bitcoin from not being a trustworthy asset to the hedge against fiat currency inflation along with gold. Earlier in an Interview this year, with Business Insider says, "I don’t believe in bitcoin. I think that it’s a lie. I think that it’s very tracked, traceable. I don’t think it’s anonymous," however in a recent appearance on the Rosenberg Research’s on November 2, Bond King says he was "not at all a Bitcoin hater". These words by Bond King shows his change for Bitcoin & a key sign to investors/views that they should also hold it.
4) Hong Kong is modifying its laws to support cryptocurrency exchanges.
The world is adopting cryptocurrency and Hong Kong also joins it. Ashley Alder, the CEO of the Securities and Futures Commission discussed about bringing new laws for cryptocurrency regulations at Hong Kong Fintech Week on Tuesday. While discussing the new regulations, Ashley Alder details, "Once this new regime is in place, all virtual asset trading platforms in Hong Kong would be regulated, supervised and monitored."
5) Blockchain can help build trust between countries & avoiding Nuclear Wars.
Nuclear Wars are considered to be the most dangerous & damaging wars. The King's College London's research arm, the Center for Science and Security Studies (CSSS), has distributed a report contending that blockchain innovation can upgrade the trust between nations battling to destroy atomic/nuclear warheads, in this way lessening the dangers of expected wars.
The reasons why countries don't destroy Nuclear Weapons are due to a lack of trust in one another because of vital and lawful concerns not to uncover sensitive data. Thus, Dr. Burford singled out blockchain innovation as a potential arrangement. The paper understands that whenever executed, DLT can help check the disassembly of atomic warheads in a "protected, secure, and dependable way." This would improve trust among countries marked the Nuclear Non-Proliferation Treaty by "propelling participation on atomic demilitarization and arms control confirmation."