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Puja Ghosh Every day at 7 p.m., Mumbai-based techie Anish Gupta switches from his work laptop to his home one. The 27-year-old programmer transforms into a crypto trader, taking advantage of late-night opportunities in the highly volatile market. “My monthly income from day trading sometimes exceeds my pay,” said Gupta, who works for a Gurgaon-based IT outsourcing … Read more
After inflation data strengthened the notion that bitcoin is a hedge against rising cost pressures, Bitcoin hit another record high and is flirting with $69,000 for the first time. On Wednesday, the most valuable digital asset surged 1.9 percent to $68,991, surpassing the previous high set late Monday in New York trade. Other cryptocurrencies soared … Read more
Shaktikanta Das of the Reserve Bank of India (RBI) has issued a warning against cryptocurrencies, warning investors about the possible dangers of the digital money. Cryptocurrencies are a major source of concern in terms of macroeconomic and financial stability, according to Das. Shaktikanta Das’s remarks come at a time when the crypto frenzy is still … Read more
Cryptocurrencies are not difficult to understand. They are just different from regular fiat currencies, necessitating a slightly different approach to comprehending them. They are also incredibly volatile and fully dependant on the emotions of investors because they are not governed by any centralised authority. As a result, investors must be mindful of two things before … Read more
Cook believes it is fair to invest in crypto assets as part of a diverse investing strategy. Tim Cook, the CEO of Apple, has indicated interest in the cryptocurrency market, disclosing that he is a crypto investor himself. The 61-year-old internet mogul expressed his views on cryptocurrencies while speaking at the New York Times DealBook … Read more
Digital tokens linked to real shares plummeted over the weekend after Elon Musk’s Twitter followers suggested he sell 10% of his investment in Tesla. The crypto-revolution has accomplished many things, like converting photos of dogs into digital gold, luring talent and real money away from Wall Street, and introducing a baffling assortment of language into … Read more
India is rumoured to be modifying its crypto bill in order to introduce it at the start of Parliament’s Winter Session. India is now attempting to regulate cryptocurrency. According to the Economic Times, which cited an unnamed government source, the government is now examining a “middle way” to regulate cryptocurrency that balances all stakeholders’ concerns. … Read more
Bitcoin’s price has increased by 11.6 percent in the last seven days, while Ethereum’s price has increased by 11.2 percent. Binance Coin, Solana, Cardano, XRP, Polkadot, and Dogecoin all had gains of 17.6%, 21.4 percent, 17.2%, 15.7 percent, 5.7 percent, and 3.6 percent, respectively. Almost six weeks after the entire market value of all cryptocurrencies … Read more
New Delhi, India: On Tuesday, major cryptocurrencies continued to rise, with Bitcoin reaching fresh lifetime highs. As investors’ attention turned from gold to the digital spectrum, other cryptocurrencies followed. With the exception of the dollar-pegged stablecoins and Solana, all of the top ten cryptocurrencies were trading higher around 9.30 IST. Bitcoin, Cardano, and Dogecoin all … Read more
New Delhi, India: India is seeking a middle ground on cryptocurrencies as it finalises legislation to be submitted in Parliament during the forthcoming winter session. According to a government source, the tough attitude of an outright ban on cryptos is not conceivable due to huge investments in such instruments by Indians, and these unregulated virtual … Read more