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As the crypto market plummets, a Bitcoin trader lost $2.5 billion in just 24 hours.

A Bitcoin trader lost at least USD $2.5 billion in a single day as the cryptocurrency market collapsed by 16.5 percent on Saturday. In the early hours of Saturday morning, the mystery trader, who owns 288,000 Bitcoin, experienced massive losses. On Friday, the trader had $16.29 billion in Bitcoin, according to BitInofCharts. The crypto market […]

Business

6 Cryptos Gained Up to 5,605 Percent in a Single Day Update on Cryptocurrencies:

On Tuesday, December 6, the global cryptocurrency market resumed its downward trend, bringing forward losses from the weekend as traders shied away from the business because to concerns about the Omicron form of Covid-19. In the face of the new variation threat, investors turned to safety assets like gold rather than risky ones like bitcoin. […]

Business

Cryptocurrency worth Rs 899 crore was stolen from BadgerDAO.

On Wednesday, almost $120 million (approximately Rs 899 crore) was stolen from several cryptocurrency wallets on BadgerDAO, a decentralised finance network. BadgerDAO is a DAO that allows Bitcoin to be used as collateral in DeFi applications. Simply, Bitcoin can be used to secure loans. BadgerDAO is based on the Ethereum network and offers vaults for […]

Business Entertainment

The Crypto Asset Bill proposes to prohibit the use of crypto as a medium of exchange.

The crypto bill, which will be introduced in the Parliament’s winter session, aims to create a legislative framework for the rapidly developing crypto market. The Crypto Asset Bill intends to make it illegal to use crypto assets as currency replacements or as remittance payment systems. According to NDTV, the bill also proposes to create a […]

Business

Mukesh Ambani is a believer in blockchain technology.

A bill to regulate bitcoin is being drafted, and RBI Governor Shaktikanta Das is one of those who believes that the blockchain technology that underpins cryptocurrencies might operate independently of the currency. Mukesh Ambani, Chairman and Managing Director of Reliance Industries, stated that he believes in blockchain technology. “I believe in blockchain technology, which is […]

Business

Private cryptos going to be regulated than banned.

The government’s Cabinet note on the proposed cryptocurrency bill suggests regulating private cryptocurrency rather than outright banning it. The government’s Cabinet note on the proposed cryptocurrency bill suggests regulating private cryptocurrency rather than outright banning it. Cryptocurrencies will not be recognised as legal tender in India, according to the memo. According to the letter, the […]

Business

Nandan Nilekani: Cryptocurrency has the potential to increase financial inclusion.

In the midst of the uncertainties surrounding the future of cryptocurrencies in India, Infosys Chairman Nandan Nilekani remarked on December 1 that crypto assets may be utilised to increase financial inclusion. “There is a role for crypto as assets,” Nilekani, who co-founded Infosys, said at the Reuters Next Conference. “But they obviously will have to […]