Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
India’s Supreme Court overturns controversial ban on banks servicing crypto firmsThere’s a lot to chew concerning movements in the crypto markets, but the first story is of a different kind. A controversial ban that prohibited banks from dealing with crypto-related companies in India has been overturned by the country’s Supreme Court. The Reserve Bank of India’s sudden move in April 2018 had proved calamitous for local businesses, with several exchanges closing because of the uncertainty. Three judges decided to strike down the ban on Wednesday — with the RBI speedily announcing plans to challenge the decision, fearful that the ruling could put India’s banking system at risk. It took less than 24 hours for two major exchanges to resume accepting deposits and withdrawals, but India’s crypto industry might not be out of the woods yet. A pending law that would ban cryptocurrencies is yet to be considered by parliament, and this could take businesses back to square one.
Bitcoin falls under $9,000 as coronavirus woes deepenNew governor of the Bank of England isn’t a fan of BitcoinVitalik Buterin and Elon Musk back Jack Dorsey as Twitter CEOOnly 1% of $1 trillion transferred in crypto last year was illicit, Chainalysis saysCoronavirus will send Bitcoin price to $100,000 in 2020, Max Keiser insistsYouTuber sentenced to 50 years for kidnapping and demanding a Bitcoin ransomLedger wallet warns of fake Google (NASDAQ:GOOGL) Chrome extension stealing cryptoGerman financial regulator takes action against first Bitcoin ATMsBlockchain as a tool to combat coronavirusWhy betting on gold-backed stablecoins is a losing gameThe history of the bitter debate over Ethereum’s ProgPoWToxic Twitter tribalism: The fuel powering the crypto rocket?Continue Reading on Coin Telegraph