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India’s central bank , the Reserve Bank of India (RBI), is launching its first digital rupee pilot on Nov. 1. with the participation of nine banks. “Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or for collateral to mitigate settlement risk,” said the central bank . RBI’s First CBDC Pilot Starts Nov. 1 India’s central bank, the Reserve Bank of India (RBI), announced Monday that “The first pilot in the digital rupee — wholesale segment (e₹-W) shall commence on November 1, 2022.” The announcement adds: Nine banks, viz., State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank, and HSBC have been identified for participation in the pilot. “The use case for this pilot is settlement of secondary market transactions in government securities,” the RBI described. “Use of e₹-W is expected to make the inter-bank market more efficient. Settl

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has wished Satoshi Nakamoto’s Bitcoin whitepaper a happy birthday. “It has led to innovation and crypto asset investing. Let’s make sure as crypto enters its 15th year that investors get proper protection,” said the SEC chairman. SEC Chair Gary Gensler Wishes Satoshi Nakamoto’s Bitcoin Whitepaper Happy Birthday Satoshi Nakamoto introduced Bitcoin to the world approximately 14 years ago today with the publication of the Bitcoin whitepaper. Many people tweeted happy birthday to the pseudonymous creator’s whitepaper, including the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. He wrote on Oct. 31: Happy 14th birthday to Satoshi Nakamoto’s whitepaper! It has led to innovation and crypto asset investing. Let’s make sure as crypto enters its 15th year that investors get proper protection. At the time of writing, his tweet has received nearly 2,500 comments and has been liked m

Join Our Telegram channel to stay up to date on breaking news coverage   After a brief price consolidation from the 9th of October to the 13th of October, the price of Quant skyrockets continuously for 5 days straight (that was after the price struggle between buyers and sellers reached its climax on the 12th of October). The aggressive bullish market also reached its climax on the 17th of October, which was when the price reached $225 . From the 17th of October, the price began to pull back till the 20th of October. Traders began to buy the market again from the 21st and as the buying pressure increased, but, the bearish trend only changed to a sideway-ranging market.   Quant Market Price Statistic: QNT/USD price now: $170.82 QNT/USD market cap: $ QNT/USD circulating supply:   QNT/USD total supply:  QNT/USD coin market ranking: # Key Levels Resistance: $175, $180, $185 Support: $160, $155, $150 Quant Market Price Analysis: The Indicators’ Point of View Buyers

Elon Musk had some company changes planned prior to the $44 billion Twitter acquisition deal. One of his first steps included the firing of some of the top executives. Musk reportedly closed the deal for his $44 billion Twitter purchase on October 27, 2022, a day before the deadline. While some were overjoyed by the news, the majority of the executives were not delighted with Musk’s takeover. This also included Twitter’s upper management. A recent report has now surfaced from the WSJ stating that Elon Musk has now dissolved the Twitter board. The board of nine members has now been ousted, leaving Elon Musk as the sole director of Twitter . JUST IN: Elon Musk dissolves the Twitter Board, consisting of nine members, and now serves as the sole director. — Watcher.Guru (@WatcherGuru) October 31, 2022 Nine-member board is no longer a part of Twitter after the deal A securities filing on Monday by Twitter revealed that the nine-member Twitter board is no longer a par

This month bitcoin’s hash price tapped an all-time low of $66,500 per exahash on Oct. 25, according to statistics from the onchain market intelligence firm Glassnode. Alongside this, the network’s mining difficulty reached a lifetime high at 36.84 trillion on Oct. 23. Despite the high mining difficulty and the lower prices , Bitcoin’s total hashrate reached an all -time high at 325.11 exahash per second (EH/s) as 4,578 blocks were generated during the past 30 days. Bitcoin Hash Price Sinks, Hashrate Taps a Lifetime High, Difficulty Reaches New Heights While the month of October did see an “Uptober,” as far as 30-day percentage gains are concerned, the month also saw a few mining records. The most notable was the all-time hashrate high recorded at block height 758,138, when Bitcoin’s (BTC) total hashrate reached 325.11 EH/s. Bitcoin’s hashrate reached a lifetime high in October, touching 325.11 EH/s on Oct. 10, 2022, at block height 758,138. Bitcoin’s hashrate has remained above

Cryptocurrencies are gaining traction worldwide. The rise in interest has been prevalent among investors, including consumers, retailers, and organizations. Large banks have also started to provide cryptocurrency custody for their users. This is primarily due to the demand from clients asking for the same. Apollo Global Management, with its recent collaboration with the institutional cryptocurrency exchange Anchorage Digital, is expanding into the blockchain realm. Apollo has now started to hold cryptocurrencies on behalf of its clients. This collaboration is considered one of the latest and most major moves by one of the world’s largest asset managers to provide cryptocurrency access to institutional investors. JUST IN: $500 billion-asset manager Apollo is now offering #Bitcoin & # crypto custody for institutional clients . — Watcher.Guru (@WatcherGuru) October 31, 2022 Apollo’s decision comes amidst a prolonged bear market The decision, even though not made at the

There is an increase in bullish momentum in Polkadot market DOTUSD Price Analysis – October 31 Should bulls’ pressure increase, Polkadot will equally increase and the resistance level of $6.7 may be broken upside, above this mentioned level are $7.6 and $8.0 levels. On the other hand, an increase in the sellers’ momentum may push the price below $6.0 which may reduce it to $5.6 and $4.0 support levels. DOT/USD Market Key levels: Resistance levels 6.7, 7.6, $8.0 Support levels: $6.0, $5.6, $4.0 DOTUSD Long-term Trend: Bullish On the long-term outlook, DOTUSD is on the bullish movement . The momentum of sellers pushed down the coin to the low of $5.6 on 21 October. The pressure of the sellers seized and a strong daily bullish candle emerged. This send signal to the trader that buyers are ready to take over DOT market. The bulls are exerting their energy to break up $6.7 resistance level. The fast Moving Average (9 periods EMA) is below the slow Moving Average (21 periods EMA)

Source: AdobeStock / photo_gonzo US-based blockchain company Ripple is likely to win the long war with the US Securities and Exchange Commission (SEC), say legal experts, arguing that the agency may have shot itself in the foot. Some legal observers suggested that the agency completely failed to prove its case, according to a Forbes report. A major cause for its downfall could have been thousands of retail XRP holders who got involved in the case: though they were unable to be included as defendants along with Ripple, the judge allowed them to file amicus briefs, so that their voices would be heard as well. Attorney Jeremy Hogan was quoted as saying that,  "The SEC can only prevail with its summary judgment motion if Judge [Analisa] Torres “forgets her first year of law school"." Furthermore, well-known legal experts, namely Curt Levey of the Federalist Society and Professor J.W. Verret of George Mason University’s Scalia School of Law , argue that

Ethereum moved from proof-of-work (PoW) to proof-of-stake (PoS) consensus last month and the transition is dubbed the Merge. The PoW algorithm previously rewarded miners for validating blocks of transactions and the PoS algorithm eliminates the need for miners. The miners consumed high electricity to validate blocks and the PoS systems considerably reduces energy consumption by nearly 99%. This makes ETH more scalable and energy-efficient giving opportunities for investors to earn passive income with Ethereum. In this article, we will guide you on how to earn passive income by staking your Ethereum coins. Also Read: Will Ethereum Reach $1800 This Week? ETH: How to Earn Passive Income With Ethereum Staking Source: Pixabay The cryptocurrency markets allow investors to earn passive income by staking their cryptos for a set period. This allows investors to reap financial rewards steadily while making their tokens get to work. Coming to earning passive income with Ethereum, t

Join Our Telegram channel to stay up to date on breaking news coverage Myanmar’s economy has been crippled since the February 1, 2021 coup. The World Bank predicted that it would contract by 18% per year. As a result, the Myanmar kyat has lost 60% of its value as of September 2021. This is an all-time low: on September 17, 2021, the black market value of Myanmar kyats (MMK) to US dollars (USD) was 2200, down from 1330 before the coup. These facts demonstrate the public’s mistrust of the military-led State Administration Council (SAC). People’s reliance on banking systems and the entire financial mechanism has been reduced. It pushes Myanmarese people to use cryptocurrencies as an alternative currency. Both the SAC and the shadow National Unity Government (NUG) acknowledged this requirement with their respective mandates: the former to use digital currency to heal the crippled economy and avoid sanctions, and the latter to separate the existing currency from the state and estab

Bulls and bears had a very strong faceoff over the Tamadoge price direction in yesterday’s trading session. However, TAMA bulls became strong enough in yesterday’s demand to secure higher support at the $0.02500 price level. Then bulls were able to maintain the price level into today’s market despite the bearish resistance.   Tamadoge Market Price Statistic: TAMA/USD price now: $0.02488 TAMA/USD market cap: $26,261,913 TAMA/USD circulating supply: 1.05Billion  TAMA/USD total supply: 1,049,733,333 TAMA/USD coin market ranking: #2669 Key Levels Resistance: $0.02500. $0.0300, $0.03500 Support: $0.02100, $0.0200, $0.01500 Tamadoge Market Price Analysis: The Indicators Point of View It took strong bullish momentum to lift the price from $0.022 to $0.025. The bulls were also able to keep the price as the strong support eventually made the price range sideways. The tide began to turn in the 3rd hour of today’s market, in favour of the bears as their momentum increased . The ind

Join Our Telegram channel to stay up to date on breaking news coverage Buyers opposed sellers at $4.0 Level in the CAKE market CAKEUSD Price Analysis – October 30 An increase in the buyers’ momentum will break up the resistance level of $4.8 and PancakeSwap may increase to the resistance at $5.0 and $5.5 levels. Should the sellers break down the support level of $4.6, price may decrease to $4.3 and $4. 1 support levels . CAKE/USD Market Key levels: Resistance levels: $4.8, $5.0, $5.5 Support levels: $4.6, $4.3, $4.1   CAKEUSD Long-term trend: Bullish PancakeSwap is bullish in the daily chart. A strong bearish momentum sent the price to the low at the support level of $4.0 on October 13. The buyers reacted against the sudden fallen in price of Cardano: this is noticed on the daily chart with the formation of long tailed pin bar at $4.1 support level. The price increases further with the formation of more bullish candles. The price has broken up the resistance level of

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