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Layoff on the Indian stock exchange, Bitcoin SV delisting, Bitcoin forecast

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The Indian exchange Unocoin is forced to cut staff, Binance delisted Bitcoin SV due to the incorrectness of its founder. Bitcoin can rise to $ 1 million

Unocoin cryptocurrency exchange cuts staff in India

Due to the uncertainty in the actions of the regulator, the Indian cryptocurrency exchange Unocoin is forced to reduce 50% of its employees. Now only 14 people will work here. At the beginning of the month, another trading platform suspended the work for the same reason. At Coindelta, it was decided to temporarily freeze the activity until the situation was clarified.

Indian authorities can not decide in any way on their attitude to cryptocurrencies. The country's central bank has banned credit institutions from servicing the exchange platforms, and a significant part of them changed jurisdiction. However, this does not prevent ordinary citizens from actively selling and buying cryptocurrency. Only they are forced to do this through foreign platforms.

Unocoin cryptocurrency exchange cuts staff in India

Implications of delisting Bitcoin SV

Binance cryptocurrency exchange decided to make a delisting of Bitcoin SV cryptocurrency. The reason for this was the obscene behavior of the founder of the token, Craig Wright. He tries to reassure the community that he is Satoshi Nakamoto, the developer and ideological inspirer of Bitcoin.

Following Binance, the BSV delisting was conducted by ShapeShift, and a vote was launched at the Kraken site regarding the need to remove the asset. Vitaly Buterin also expressed his position. In general, he supported the actions of trading platforms. Craig Wright’s actions and statements are ethically ambiguous. It's not even about who he claims to be. And in its increased aggressiveness to the rest of the cryptocurrency community.

Implications of delisting Bitcoin SV

Member of the Board of Paypal, Casares Vencez admits the possibility of raising the price of Bitcoin to $ 1 million

One of the managers of the PayPal payment system, Casares Vencez, said that over the next decade, the cost of one bitcoin coin will easily grow to $ 1 million. This will happen if cryptocurrency becomes legal tender.

Due to the almost final issue in the Bitcoin blockchain, its volume is limited to 21 million coins. According to Casares Vencez, this asset will be used by up to 3 billion people on the planet. As a result, there will be an increased demand. The expert noted that now the biggest irresponsibility is not to invest in bitcoins.

Member of the Board of Paypal, Casares Vencez admits the possibility of raising the price of Bitcoin to $ 1 million

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