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No Credit Check Student Loans

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Under no credit check student loans, credit is given for a definite purpose and for a predetermined period. Normally, these loans are repayable in installments. Funds are required for single non-repetitive transactions and are withdrawn only once. If the student needs funds again or wants a renewal of an existing loan, a fresh request is made to the bank. Thus, a student is required to negotiate every time he is taking a new loan or renewing an existing loan. The banker is at liberty to grant or refuse such a request depending upon his own cash resources and the credit policy of the bank.

As the time of repayment of the loan or its installments is fixed in advance for student loans, this system ensures a greater degree of self-discipline on the borrower as compared to the cash credit system. Whenever any loan is granted or its renewal is sanctioned, the banker gets the opportunity to automatically review the loan account. Unsatisfactory loan accounts may be discontinued at the discretion of the banker. The system is comparatively simple. Interest accrues to the bank on the entire amount lent to a student.

Every time a loan is required, it is to be negotiated with the banker. To avoid it, students may borrow in excess of their exact requirements to provide for any contingency. Banks have no control over the use of funds borrowed by the student. However, banks insist on hypothecation of the asset purchased with the loan amount. Though student loans are for fixed periods, in practice they roll over, i.e., they are renewed frequently. Loan documentation is more comprehensive as compared to cash credit system. Under the cash credit system, the banker specifies a limit for each customer, up to which the customer is permitted to borrow against the security of tangible assets or guarantees.

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Whale Alert Traces 6,000 ETH Transferred From Unknown Wallet

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Whale Alert- 3,200 ETH Transferred to Unknown Wallet
  • In the past 24 hours, Ethereum is down almost 15%.
  • The transaction happened on Sat, 22 Jan 2022 13:30:46 UTC.

Whale Alert reported a staggering total of 6000 ETH, worth 14,963,907 USD, transferred by a whale through an unknown wallet. Transaction data shows that the transfer was made from an anonymous wallet to Binance. In the past 24 hours, Ethereum has lost almost 15% of its value after it retested the $3280 region a few days ago. Furthermore, it was the weekend; thus, a lower volume is expected than on weekdays.

Read More: Ethereum Price Prediction

There is no guarantee that the market will move in a certain way. Current Ethereum 2.0 constraints, a significant barrier for both consumers and developers, are anticipated to be addressed in version 2.0. In addition to enhancing the network’s performance, efficiency, and scalability.

Whale Alert

In its databases, Whale Alert compiles all of the transactions from various blockchains, analyses them, and then saves them in a uniform style. With the aid of artificial intelligence, these databases are regularly updated manually with information about thousands of known individual addresses, email exchanges, and other types of addresses. On its official Twitter account, it shared the information.

Hundreds of millions of dollars of ETH are being moved by crypto whales. The Whale Alert monitoring and analysis tool initially discovered the large crypto transfer. According to Whale Alert data, the transaction happened on Sat, 22 Jan 2022, 13:30:46 UTC.

According to CoinMarketCap, the Ethereum price today is $2,352.17 USD with a 24-hour trading volume of $30,582,551,275 USD. Ethereum has been down 15.33% in the last 24 hours. 

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Central Bank Digital Currency (CBDC) On the Cards As U.S. Fed Asked to Submit Reports

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Bitcoin (BTC) Prices Hold Steady After a Severe Turmoil
  • A government-wide plan for digital assets is the first of its kind.
  • Federal Reserve would have to work out the kinks to satisfy both parties.

To stay up with private-sector payment innovations, the Federal Reserve on Thursday initiated an assessment of the possible advantages and dangers of creating a U.S. digital currency. The Biden administration has outlined a U.S. Crypto Policy, and now it plans to follow suit with an executive order that will be issued in February. Federal agencies will be required to submit reports. A government-wide plan for digital assets is the first of its kind. Federal authorities will investigate the dangers and possibilities.

Congress and The White House

Intense discussions are taking place at the highest levels of government to devise a comprehensive approach to Digital Currencies. The design is nebulous and difficult to interpret. According to some analysts, Federal Reserve officials have made a few hesitant measures towards forming a CBDC. Congress and the White House both have to be satisfied with the CBDC’s design before it can easily transition into payment and banking systems without causing any problems.

In order to get the support of both the executive and legislative branches, the Fed will have to figure out how to develop a central bank digital currency (CBDC). Consequently, Federal Reserve officials seek a formal statute permitting the creation of a Crypto policy.

Congress would welcome a CBDC, but the Federal Reserve would have to work out the kinks to satisfy both parties. According to Senate Financial Committee Chairman Sherrod Brown (D-Ohio), this is an essential step towards creating a U.S. based digital currency that will let more people participate in the banking system.

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SHIB Army Eagerly Waiting For Shiba Inu Listing on Robinhood This Year

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Shiba Inu Listing on Bitstamp Postponed to 2022
  • Only seven coins may presently be traded on the platform. 
  • More than 500,000 people have signed a Change.org petition.

At the end of 2021, Shiba Inu Coin surpassed 1 million holders, and it surged swiftly after that, just to fumble to the recent crypto market crash. SHIB holders are looking to Robinhood to complete their listing collection after getting a Coinbase listing in September 2021 and subsequent listings on Kraken and CoinDCX.

By the end of January 2022, Robinhood will not support the Shiba Inu coin and has not confirmed any intentions to list SHIB. Only seven coins may presently be traded on the platform. Prospective SHIB holders will instead need to seek SHIB on exchanges such as Binance, Coinbase, Gemini, and others. In the SHIB community, rumors of Robinhood’s support for SHIB are commonplace. Rumors, on the other hand, are often just that.

Demand is Clearly High

Robinhood’s intentions for a SHIB listing are unknown, but the demand is clearly high. More than 500,000 people have signed a Change.org petition requesting Robinhood to include SHIB in its product line. According to the petition, the success of Robinhood’s Dogecoin listing shows that SHIB has the potential to be just as successful. 

On Shiba Inu, Robinhood CFO Jason Warnick is the most recent formal remark. During the Wall Street Journal CFO Network Summit, Warnick was questioned about new listings and Shiba Inu.

Warnick said:

“It’s not lost on us that our customers and others would like to see us add more coins. We’re a highly regulated company in a highly regulated industry, and we think it’s important that we get a bit more clarity from regulators.”

It’s hard to accurately predict when SHIB will be listed on Robinhood, but the SHIB army can hope it’s this year.

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