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Several authorities in issued a ban on using or any virtual assets as a tool or means of payment or recognizing them as a decentralized currency. The directives issued by the Central Bank of Kuwait, Insurance Regulatory Unit and Ministry of Commerce and Industry, come within the scope of strengthening efforts to combat money laundering and terrorist financing.
The Central Bank of Kuwait stressed on local banks and finance and exchange companies to refrain from conducting transactions under which virtual currencies are used as a tool or means of payment within the scope of this ban or dealing with them as a means of investment and refraining from providing this type of services to any of their customers. The bank also affirmed the absolute prohibition of all asset mining activities or virtual currencies.
A Bengaluru couple whose holiday to Port Blair was allegedly spoilt after their checked luggage reached two days later, sued IndiGo airlines at a city consumer court. In its verdict pronounced recently, the court ordered the carrier to pay the duo a compensation of Rs 70,000 for having caused them trouble.
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Hit the Peak resistance again where last time we have seen fall down. Last bearish impulsive move will complete it's 61% fib retracement and may fall from the resistance. Here two major zone will be retest one ascending support and 2nd horizontal support. We will be looking for reversal candle near this zone. There is a high probability price may consolidate near this zone again.
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Bearish sentiment may soon abate according to Coinshares and Bitcoin metrics While key Bitcoin (BTC) metrics donβt paint a pretty picture, the bears could be running on fumes. Contrary to analysts warning that Bitcoin could dip to $38,000 βbefore an eventual breakout,β CoinShares and Arcane Research suggest that the tide could be turning. In brief, Bitcoin institutional outflows were negative four out of the last five weeks, totaling $55 million. The total assets under management fell to a three-month low of $35 billion midweek last week. CoinShares' findings illustrate that large investors in the Bitcoin ecosystem, those using companies such as Grayscale, CoinsXBT, ProShares, and ETC Group, have been reducing their exposure to the digital asset.
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