Comparing the craze in cryptocurrency with that of the tulip mania in the Netherlands in the 17th century, Rajan said people hold cryptocurrencies for two reasons -- store of value and an asset; and for use in payments.
Around 54 per cent people covered in a pan-India survey did not favour legalising cryptocurrencies in the country and instead pitched for treating them as digital assets held overseas.
According to some definitions, most of the larger cryptocurrencies, including Bitcoin and Ethereum, may not come under the ambit. However, there are indications that all cryptos not issued by the government may be banned.
China's crackdown and other various factors are responsible for falling in prices of Bitcoin.Top coins such as Ethereum (ETH) and popular meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE) have fallen over 10 per cent over the last seven weeks.
Bitcoin (BTC) prices fell around 2.63 per cent in the last 24 hours, while Ethereum was down 3.45 per cent
It was strongly felt in the meeting that attempts to mislead the youth through over-promising and non-transparent advertising should be stopped, the sources said.
Bitcoin (BTC) witnesses a fall of more than 2 per cent, while Ethereum (ETH) falls around 0.5 per cent.
Many cryptos saw increase in volumes on various exchanges.
As per CoinGecko.com, SHIB was up 50 per cent in the 24 hours through 10:10 a.m. New York time on Sunday, and later it reached a record earlier in the day.
Its debut on Wall Street is significant for this is the first major development that fosters the unregulated digital asset's adoption in the mainstream.
This is being suggested as a landmark event paving the way for the adoption of unregulated digital assets in the mainstream. Bloomberg had reported on Thursday that the U.S. SEC was preparing to allow the first bitcoin futures ETF.
Initially, NASDEX will target tokenized Asian equities trading for Asian investors, having a market cap near $30 trillion. In addition, NASDEX has the potential to include the global equity markets, having a combined market cap of around $100 trillion.
If you are one of those, who have been scratching their heads, being oblivious to NFTs. Don’t worry, you have come to the right place.
If you want to cash out Bitcoins, you must know that digital coins are volatile, and their values change significantly every moment. In such a case, your timing of conversion plays a vital role. If your timing is unsuitable, you potentially stand to lose money.
Cryptocurrencies have emerged as an asset class that provides you with a chance to invest and earn substantial returns. The asset class, has garnered massive popularity in recent years. To start trading, you will need to set up an account and you can invest as little as Rs100 to begin with.
Crypto mining allows you to earn cryptocurrency with a high-powered computer and a crypto wallet
‘Coin Burning’ has become one of the most popular aspects of the digital currency industry right now. Burning coins essentially eliminates them from their available supply, and raises their relative scarcity.
Lionel Messi has launched his NFT collection with blockchain platform Ethernity, featuring artwork by Bosslogic
Supporters of Bharatiya Janata Party dance as they celebrate the party's initial lead during counting for the Tripura Municipal Corporation elections, in Agartala.PTI Photo
A election staff member opens an electronic voting machine (EVM) to count votes for the municipal corporation elections, in Agartala.PTI Photo
Left Front Chairman Biman Bose and CPI(M) State Secretary Surya Kanta Mishra (2nd L) pay tribute to German philosopher Friedrich Engels on his 202nd birth anniversary, in Kolkata.PTI Photo
Aspirants stand in a queue to enter an examintaion centre for Uttar Pradesh Teacher Eligibility Test 2021 (UPTET Exam 2021), in Moradabad.PTI Photo
This photo shows aftermath of a looted street in Honiara's Chinatown, Solomon Islands. Violence receded in the capital of the Solomon Islands, but the government showed no signs of addressing the underlying grievances...AP Photo/Piringi Charley
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