This will give Bitcoin a long-term push because of the German bank’s support about it alone and not other cryptocurrencies. It’s very bullish for me in my opinion. Hopefully in a slow but surely, other crypto-friendly banks would also do the same thing.

Here in the Philippines, there are only a few banks who are friendly to Bitcoin (and there’s even one bank named UnionBank of the Philippines who had its own government-regulated Bitcoin ATM). Hopefully more banks would embrace and accept Bitcoin in open arms, but it’s not going to be easy and swift.

Why would people want to exchange their bitcoin for fiat in the first place? That is the main problem that should be first addressed to answer your question. Instead of building a circular economy based on bitcoin, in which people will never again have a need for fiat on/off ramps, they still are trying to exchange a more reliable currency for a less reliable one. I see no reason for doing that, except for them seeking short-term profits or maybe there is the absence of necessary infrastructure or legislation to spend bitcoin directly on the things they need. Anyway, bitcoin is not battling with banks per se, it is meant to replace a flawed and obsolete system of central banks, which is, by meddling with money, artificially causing inflation, cantillionism, and other terrible things that make the poor poorer and the rich even richer. When this system is finally replaced, and we switch to bitcoin, banks will be more competitive and, therefore, more cautious about giving loans that may end up unproductive and cause bankruptcy.

Damn, that's a huge amount to lose. I wonder how the woman lost such a big amount because users generally have to undergo 2FA authorization to login and then withdraw the amount.
Even if it's someone who the woman already knows then she would have received the code to withdraw the amount.
Unless she had disabled 2FA from her side which is ofcourse a very bad idea considering she was holding such a huge amount in her account.


Now that's complete foolishness. Why would the person deposit 30 lakhs into a crypto business which he is not aware of.
You said that the vistim transferred small amounts on different instances but an amount of 30 lakhs is definitely not a small amount.
Didn't he verify whether he is able to withdraw the amount just when he had around 10 thousand or something.
That would have saved him a huge amount.

Lol! I didn't realize that TATA can be so dumb to spend money on such nonsense activities rather than an actual promotion. Possibly they are sitting on some serious amount of cash which needed burning for something! This is utter nonsense to be honest.

I believe it is better to give dividend to their shareholders instead of burning cash on metaverse. This entire imaginary world is a hoax and nothing else! Elon Musk has a better word for metaverse - marketing buzzword!