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The Reserve Bank of India (RBI) is still a critic, but it is now working on a digital currency. The government may submit a crypto law to the cabinet for consideration. According to those acquainted with the situation, India is considering innovative and forward-thinking regulations on cryptocurrencies, a move that could be a break from … Read more
New Delhi, India: Crypto aficionados are used to hearing about astronomical returns from a lesser-known coin in a matter of hours. It was accomplished by SQUID, Shiba Inu, and Kokoswap. There’s a new name to add to the list: HuskyX. (HUSKYX). In the previous 24 hours, the new cryptoverse has returned almost 67,000%. The digital … Read more
According to news agency ANI, which cited anonymous government sources, Prime Minister Narendra Modi chaired an important discussion today on the future of cryptocurrencies and associated issues. The meeting comes after Reserve Bank of India (RBI) governor Shaktikanta Das issued a warning about cryptocurrencies, warning investors about the dangers of the digital money. The conference … Read more
It’s vital to note that failing to report cryptocurrency trading profits or losses can result in penalties and even prosecution. When the coronavirus pandemic swept the globe, shutting down businesses and other economic activities, the markets were filled with despair. The rise of Bitcoin, on the other hand, has served to alleviate some of the … Read more
According to Coinmarketcap data, Kokoswap, a little-known cryptocurrency, soared from $0.01005 to $7.22 in just 24 hours on November 10, a whopping 71,000 percent increase. Kokoswap is presently trading at $6.44, with a market capitalization of almost $2 billion (17:32 IST). The cryptocurrency market has been extremely turbulent in recent weeks, with massive price fluctuations. … Read more
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
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
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
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