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India’s Shaktikanta Das: Crypto Should Be “Prohibited”

Shaktikanta Das – the governor of India’s central bank – says that the 2008 financial crisis could happen all over again if people don’t start cracking down on the world’s leading digital currencies. He says another financial disaster is right around the corner, and a lot of it will likely be attributed to bitcoin and its altcoin cousins. Shaktikanta Das Is Not a Crypto Fan In a recent interview, Das said: Our view is that it should be prohibited because if you try to...

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Core Scientific Is Next Crypto Firm to Go Bankrupt

Core Scientific – one of the largest digital currency mining firms in the world – has announced it’s filing for chapter 11 bankruptcy protection. The proceedings took place in a federal bankruptcy court in southern Texas. Core Scientific Is Filing Bankruptcy Core Scientific has been hinting at potential bankruptcy for some time. It stated in its official court documents that the declining price of bitcoin, as well as rising electricity prices to run its mining centers...

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