Elon Musk wants to quit his job and become an influencer, Carl Pei feels he is already one

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…

Govt may not ban cryptocurrencies, regulation likely: Reports

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…

Cryptocurrencies obscure, won’t get legal tender status: Govt

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…

Cryptocurrencies crash as govt seeks to ban private players with new Bill | Top points

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…

Best cryptocurrencies in the last two months: Bitcoin, Ethereum, Shiba Inu, how did they perform

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…

Paytm hints at Bitcoin offerings but only if India legalises it

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…

Nine in ten financial advisers in the UK have no interest in cryptocurrencies, meme stocks

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…

Billionaire investor Paul Tudor Jones backs Bitcoin as hedge against inflation ahead of FOMC meet

Ahead of Federal Reserve’s Open Markets Committee (FOMC) meet outcome, billionaire hedge fund manager Paul Tudor Jones said investors should double down on defensive investments like cash, commodities, bitcoin. The billionaire who has invested two percent of his portfolio in Bitcoin touted the reliability of the…

Elon Musk is not the answer to whether cryptocurrencies work. He shouldn’t even be the question

Cryptocurrencies have been around for roughly a little over a decade but never have they captured the public’s popular imagination as they have in 2021, thanks to the spectacular rise in their prices led by Bitcoin, which at some point recently had risen more than 500 percent in five months. The wider public interest…

Crypto sees second week of outflows; ether posts record outflows: CoinShares

Cryptocurrency investment products and funds saw outflows for a second straight week, with ether posting record outflows as institutional investors took a step back, data from digital asset manager CoinShares showed on Monday. Total crypto ouflows hit USD 21 million for the week ending June 11. Since mid-May, total…