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According to the news publication Quartz, a working group tasked by India's finance minister to prepare regulations and recommendations regarding the blockchain industry and the activities of companies in the cryptocurrency sector is expected to unveil the bill next month.
The new project, known as Shark Pool, aims to destroy Bitcoin forks, flood their networks with empty blocks, collect mining rewards, and then convert them into Bitcoin Cash.
Last week, immediately after the Bitcoin Cash (BCH) hard fork, it was too early to say which fork would become dominant. Large exchanges have stopped trading Bitcoin Cash until the chain split is assessed by experts and, having divided the BCH balances into two new assets, took a wait-and-see approach.
This morning, the decline in altcoin prices continued with renewed vigor. Even those assets that tried to stay sideways yesterday broke through support levels and updated their lows
Most altcoins show significant losses. ADA/USD is trading at a new low, Monero sellers will soon be able to target the $60 mark.
San Francisco-based crypto exchange Kraken, the largest and one of the most secure crypto platforms, has warned users about the risks of trading the new Bitcoin Cash SV (BCH SV) token, saying the fork does not meet all of the exchange's listing requirements.
OKEx, one of the most popular cryptocurrency exchanges in the world, canceled its clients' orders without warning as asset values plummeted. Because of these actions, site users lost their funds.
The Huobi Group has established a Communist Party cell in one of its subsidiaries in Beijing. The group that owns the Huobi exchange announced on its website on November 16 that it is “necessary to implement” the principles and policies of the Communist Party into private companies. The move, which is a first of its kind for the Chinese cryptocurrency space, is also aimed at gaining party support for the platform's business in the country.
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