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Crypto Finance News

Reserve Bank of India To Face Legal Action For Its Attempt To Implement A Total Cryptocurrencies Ban

After India’s efforts to combat cryptocurrencies related operations, the outcome was not as expected. When the country’s central bank, the Reserve Bank of India, has recently attempted to a cryptocurrencies ban, especially targeting the Bitcoin (BTC) operations, the organization is now confronted with legal repercussions for its actions.

India’s central bank to face legal action

India has experienced a difficult connection with Bitcoin (BTC), as well as with other and other cryptocurrencies. Now, it appears that the general atmosphere is not set to change soon. Even though the Reserve Bank of India is seeking to ban cryptocurrencies operations, it looks as if their endeavors may prove meaningless and could cause them even more troubles.

The Reserve Bank of India has promulgated a resolution dissuading the creditors from financing cryptocurrencies exchange and transactions. This is a serious issue for these cryptocurrency exchanges, particularly for the ones who have to handle investments and withdrawals in banknotes.

Apparently, India’s constitution prohibits a total cryptocurrencies ban

The banks were advised to progressively close their relations with cryptocurrency exchanges in the time frame between April and July 2018. However, it is still unknown how numerous are the financial institutions that have implemented this until now.

A petition was submitted to the Delhi Supreme Court at the beginning of this week demanding a verdict from the Reserve Bank of India. In the words of Kali Digital Eco-Systems, India’s national constitution apparently prohibits a complete cryptocurrencies ban, thus filing the appeal.

Although it is not the very first time that someone has declared that the harsh measures taken by the central bank in India are anti-constitutional, it might be well accepted in India. If the RBI fails to officially explain why such an approach is needed and for what reason they intend to accomplish it, it is clear that the decision-making process following this amendment of the circumstances could be contested.

In short, the Reserve Bank of India will face legal action against it after it took the decision to implement a total cryptocurrencies ban, which, apparently, is not a constitutional endeavor in India.

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News Tech

OnePlus 5 and 5T Available with New Beta Security Update to Download

The OnePlus 5 and OnePlus 5T phones are receiving a new beta update. Open Beta 9 and Open Beta 7 were the updates that arrived, one for each smartphone. We have the changelog for them, and we can see that there aren’t any major differences.

OnePlus users will be glad to find out that this update will come with a few new features. The most important addition is the ability to use double-tap to lock your screen.

What do these updates bring?

As we mentioned before, the double-tap to lock screen feature is the most important one for many. That is because numerous other smartphones had this ability already. In order to activate this feature, you will need to install this update and go to settings.

When it comes to the phone launcher, you will also notice that the searched history for the app drawer has been improved. File manager received an improvement as well, and the scanning logic for large files has been optimized.

Installing the update

This is an OTA update and you should receive a notification to install it. You can also choose to install this update manually and you can find it on the official OnePlus downloads page. Before you install the update make sure that you back up all your data, just in case something goes wrong.

OnePlus 6

While this update is definitely important for OnePlus 5 and OnePlus 5T, we continue to focus on the upcoming release of the OnePlus 6. The smartphone is supposed to come out next month and OnePlus users are already excited about it. We already know that it will have a Qualcomm Snapdragon 845 processor and 6 GB/8 GB RAM, as well as 256 GB of storage. We also expect 64 GB and 128 GB versions as well.

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News

Call of Duty: Black Ops 4 Update – Battle Royale Mode Improvements

Call of Duty: Black Ops 4 is definitely a game that caught the attention of gamers. Numerous rumors have been flying around regarding this game, but we are still waiting for more official information.

If you haven’t paid attention to the latest speculations, we are here to share with you all the details and leaks we have so fat about the game.

Battle Royale mode

A popular theory is that Call of Duty: Black Ops 4 will come with a battle royale mode. According to this rumor, Raven Software has the task add battle royale to the game. And it appears that the developers managed to get one hundred players in the same battle royale session.

Sources indicate that the developers are working hard in order finish this mode in time for launch. Other reports indicate that this mode is in fact a standalone game that will appear in a bundle.

No story mode

Other rumors indicate that Call of Duty: Black Ops 4 won’t have a story mode. This is something that numerous sources have confirmed, so it appears that this is true. It appears that we won’t get a story mode because the single-player campaign couldn’t be completed in time.

It appears that this time Treyarch will focus on developing multiplayer and they will also continue to improve the Zombies mode. This may be because they want to replace the classical single player campaign experience.

Weapons and two maps

The first playtests already revealed two maps. One map had three different sections, a bridge, a beach and some ruins. The other map had a destroyed city that contained a church and tanks. When it comes to weapons, we noticed some that were similar to the guns from other Call of Duty games.

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Crypto Markets

Cryptocurrencies Market Might Have A Free Future In Chile, As The Minister Of Economy Expressed Desire To Work With Blockchain Technology

Chile’s Minister of Economy, Development, And Tourism, Jose Ramon Valente, declared that it is necessary to give the cryptocurrencies market a chance because, in his opinion, the country cannot remain outside blockchain technology.

During the presentation of the new executive vice-president of the Production Development Corporation, Valente stated that cryptocurrencies could be considered as “the economy of the future”. For this reason, he says, the Chilean government does not want to be left out of this innovation.

With this idea in his mind, the minister urged the country’s economic actors not to “artificially hinder” the crypto ecosystem, since its success or failure must be related solely to its functioning.

What we are interested in is basically giving them the opportunity, because they are an important innovation that is happening all over the world […] if we give them a chance and they fail, well, they will fail as many good ideas that are left in the way fail.

Jose Ramon Valente, Minister of Economy, Development, And Tourism of Chile

Cryptocurrencies market in Chile will not face regulations, as the country is still accepting original blockchain technology

However, Valente assured that the Ministry “is not for or against cryptocurrencies market”. The concern is that Chile may be closing in on the technological advances occurring in the rest of the world, namely, the blockchain technology.

These statements come after weeks of tension over the legal dispute between Chilean cryptocurrency exchange houses and banks, as these entities refuse to provide commercial services to the exchange platforms.

A few days ago, the Tribunal for the Defense of Free Competition of Chile ordered 9 banks to reopen the accounts of the cryptocurrencies exchange houses.

The position of the Ministry of Economy could calm down the reprisals against Chile’s Bitcoin (BTC) ecosystem. However, there is still a long way to go to resolve the legal situation of the cryptocurrencies market in Chile, as there is no law for the cryptocurrencies regulation of crypto exchange.

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Crypto

Cryptocurrencies Market: Bitcoin (BTC) Futures Trading Reached Historical Highs

Bitcoin and dollar. BTC market symbol cryptocurrency rising above the united states dollar. Gold metal bitcoin on top of paper currency. Copy space for text and wording.

Bitcoin (BTC) is experiencing a good run in the institutional markets, an event that has been represented in the data of the futures trading platforms led by the Chicago Board Options Exchange and the CME investment group. According to statistics published by the Chicago Board Options Exchange (CBOE), on Wednesday, the BTC trading volume exceeded 3 times the daily average of this platform of agreements for future purchases of Bitcoin (BTC), better known as XBT Bitcoin Futures. Is could benefit the entire cryptocurrencies market.

In this way, the market reached its highest volume in the last five months since the CBOE activated the platform last December 2017, the first Bitcoin futures market in the United States.

Kevin Davitt, CBOE’s lead instructor, noted that the platform’s average daily volume is 6,600 quoted futures contracts per day, an average that was constant throughout the week with 3,881 quotes on Monday, rising to 6,653 on Tuesday and 5,634 quoted B TC contracts on Thursday.

Bitcoin (BTC) is becoming interesting for stock exchange markets, improving the cryptocurrencies market, as a whole

In addition, this Wednesday they reported a total of 19,000 traded Bitcoin futures contracts, trading 18,210 futures for May, some 703 for June, and 87 for July.

Davitt says that Wednesday’s volumes are not related to the expiration of contracts, so the platform will verify whether this is an aberration in market volumes or whether there has been a positive increase in Bitcoin (BTC) institutional market.

No doubt, we will be watching to see if this is a volume aberration or if more and more institutional types are moving into cryptomoney. Overall bullish sentiment continues on XBT Bitcoin Futures.

Kevin Davitt, Lead Instructor, CBOE

On the other hand, the CME Group also presented an increase in operations on Wednesday, doubling its contract volume to 11,000 BTC future operations in one day. A figure that confirmed the interest of institutional investors in cryptocurrencies market.

The international stock markets have begun to consider the possibility of incorporating Bitcoin (BTC) into their marketing platforms, highlighting the projects of the Tokyo Stock Exchange, the Bank of Switzerland, and the Ukrainian Stock Exchange. All these initiatives make cryptocurrencies markets penetrate into the traditional finances and become another common asset for institutional and individual investors.

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