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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
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
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
New Delhi, India: The increased demand for Ethereum has triggered a boom in Solana, its main competitor, which has had a remarkable year. Solana, dubbed the “Ethereum Killer” by many analysts and professionals, has increased in value by more than 17,500% in 2021, making it the fourth largest cryptocurrency by market capitalization. Solana now has … Read more
New Delhi, India: Following a weekend bounce, major cryptocurrencies have continued to rise. Investors, on the other hand, made money in a couple of altcoins. At 9.30 IST, six of the top ten cryptocurrencies were trading higher. Profit booking was seen in Binance Coin and Solana, while XRP gained 9%. The worldwide crypto market capitalization … Read more