Why so much volatility? Cryptocurrency’s weird relationship with weekends explained

Price volatility is one of the major reasons why cryptocurrencies are criticised across the world. Late in May, HSBC, Europe’s biggest investment bank, said it has no plans to offer digital coins as an investment as they are “too volatile“. Nothing unites cryptocurrency opponents like its volatility.…

WazirX says yet to receive ED notice alleging FEMA violations

Cryptocurrency trading platform WazirX has said that it is yet to receive the Enforcement Directorate’s show-cause notice which alleges FEMA violations. In a statement released just a while back, WazirX has also said that it is in compliance with all applicable laws. “We go beyond our legal obligations by…

Sensex rallies 359 pts to end at 52,300, Nifty closes at 15,738; Bajaj Finance surges 8%

Sensex and Nifty registered sharp gains led by broad-based buying across sectors on Thursday. At close, the Sensex was up 358.83 points or 0.69% at 52,300.47, and the Nifty was up 102.40 points or 0.65% at 15,737.80. About 2254 shares have advanced, 699 shares declined, and 116 shares are unchanged. Bajaj Finance,…

Cryptocurrency Prices on June 10: Bitcoin crosses $37k; Ether, Dogecoin soar

The cryptocurrency market was broadly trading in the green on Thursday. Bitcoin, the world’s largest cryptocurrency by market cap, jumped 13 percent after El Salvador voted to adopt Bitcoin as a legal tender. Alternative digital coins, or altcoins, were also trading higher. The price rise comes despite the rising…

Elon Musk targeted by hacker group ‘Anonymous’

Anonymous alleged that the recent tweets by Musk show a clear disregard for the average person. Anonymous blamed him for destroying the lives of cryptocurrency investors. Notorious hacker group Anonymous has threatened Tesla CEO and one of the richest man on the planet Elon Musk, blaming him for destroying the lives of…

How Cryptos Work, Explained In Layman’s Terms

With the almost daily news coverage of cryptocurrencies, things can get overwhelming if you don’t exactly understand how the world of digital currencies works. Which is why we’ve put together an easy-to-understand guide explaining the main terminologies that make cryptocurrencies work. From blockchains to crypto…

WazirX launches India’s first NFT marketplace

WazirX, India’s largest cryptocurrency exchange, announced the launch of India’s first Non-Fungible Tokens (NFTs) on Tuesday. The platform will feature exclusive artwork from artists, photographers, and media professionals from India and some South African nations. NFT is a digital asset, representing…

Explained: What is Internet Computer and how it plans to take down tech giants

Internet Computer (IC) is a cryptocurrency developed by the Dfinity Foundation, a nonprofit based in Zurich, Switzerland. It currently has a market cap of $14 billion, making it the 11th largest cryptocurrency (by market cap) and is a strong competitor to Ethereum and Bitcoin. IC claims it was launched to become a…