Daily Crypto NewsEDITION #172, 16 March 2021

India VS Crypto: Round 10,000

Hey #Moni Maker 🙃

Today, in 1565, the Philippines and Spain performed Sandugo - a peace treaty of sorts. Do you think crypto enthusiasts can end up performing a Sandugo with traditional instirutions and bankers? And do we need one? We suggest we leave the question open for now and move on to the latest news

Let’s go!

The Indian government is preparing a bill that would ban cryptocurrencies in the country. This was reported by Reuters, citing a senior official.

According to the agency, the document would criminalize the holding, issue, receipt, trade and transfer of digital money.

If the bill is introduced, cryptocurrency holders will have six months to liquidate their assets. Failure to do so would result in fines. India could become the first major economy to make cryptocurrency trafficking illegal.

So what?

Banning cryptocurrency is a real shot in the foot... With a Fat Man (the one from Fallout 3).

Banning cryptocurrencies is like banning electricity in the 19th century.

Ladies and Gentlemen of India, brace yourselves, we are with you.

PancakeSwap and CreamFinance sites got hacked and DNS servers replaced. When you connect your wallet, you'll be asked to enter your seed phrase! Don’t do that!

Refrain from using the service until the problem is resolved.

You can follow the updates on Twitter.

After the rapid fall of BTC, $2.24 billion worth of positions were liquidated in the last 24 hours, most of those positions were long.

Where did we get it? Here!

And you...buy Bitcoin! 😉