Bitcoin’s price recovered on Thursday but still the world’s largest cryptocurrency was trading just over the $22,000-mark. The US Federal Reserve Chair Jerome Powell announced the highest interest rate hike since 1994. BITCOIN PRICE Bitcoin price rose 5.16 per cent at $22,077 on Thursday. Ethereum, the…
Bitcoin and other major cryptocurrencies struggled on Tuesday as the effects of the Terra collapse will continue to impact investors’ sentiments, according to Coindesk. Major cryptocurrencies were trading in the red amid investors’ fears about inflation and a possible recession since central banks have…
Just weeks ago, Luna, a cryptocurrency by Terra Blockchain, was one of the hottest coins in the game. By market valuation, it was one of the 4th most valuable cryptocurrencies. Now, its value is zero and the Reddit community where Luna owners gathered and talked has put the suicide prevention help number in the pinned…
Tesla CEO Elon Musk is probably bored of spaceships and self-driven cars, he now wants to become an influencer. We are not saying this, Musk himself has tweeted saying that he now wants to quit his job and become an influencer. Well, he is not entirely wrong in wanting to become an influencer. He, in fact, has…
Cryptocurrencies may not be completely banned in India and the government may create a framework to regulate highly risky virtual assets, as per multiple reports. The development comes at a crucial time as the government’s upcoming cryptocurrency bill has spooked investors and other stakeholders. Under the proposed…
In a major setback to cryptocurrencies in India, the Centre on Thursday clarified that they will not be accorded the status of legal tender by any means. Union Finance Secretary T V Somanathan said: “Right now, I will only say that cryptocurrencies are not going to become a legal tender. The Indian Rupee is a legal…
The Centre has proposed to table a Bill on cryptocurrency in the Winter Session of Parliament that begins on November 29 to facilitate the creation of an official digital currency by the Reserve Bank of India (RBI). The bill seeks to ban all cryptocurrencies, except a few, and introduce a system to regulate crypto…
If you had invested Rs 10,000 in Bitcoin two months back, your net investments would be just over Rs 14,000 today. An investment in Ethereum would have an almost similar result. But an investment in the much-hyped token Shiba Inu would have yielded a total of about Rs 74,000 within these 60 days. Had you put this money…
Joining other financial majors around the globe, India’s Paytm has shown an interest in cryptocurrencies. It seems that the company would consider offering services around cryptocurrencies like Bitcoin through its platforms, but only if they get regulatory approval in India. A top Paytm executive hinted at the…
Financial advisers are not too keen on cryptocurrencies and meme stocks as they find the assets plagued by high volatility and under the radar of regulators. HIGHLIGHTS Independent financial advisers in the UK have shunned cryptocurrencies and meme stocks in a poll. The high volatility and impending regulations make…