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Bitcoin fell to $58,703 at one time. Dogecoin experienced a drop as well. Crypto prices have dropped due to significant profit booking, according to industry experts. On November 16, the top cryptocurrencies experienced a significant drop. Bitcoin fell to $58,703 at one time. It later recovered and was trading at roughly $60,066 at the time. … Read more
According to Vijay Ayyar, CEO of Asia Pacific at crypto exchange Luno in Singapore, Ether has consolidated in recent days and the longer term outlook is favourable. After a record-breaking run, technical signs imply Ether, the second-largest cryptocurrency, is poised for a breather. The Ethereum blockchain’s native token has risen more than sixfold this year, … 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
Players in the cryptocurrency industry are expected to meet with government officials to discuss the roadmap. On November 15, at 3 p.m. in New Delhi, the meeting will begin. Top crypto stakeholders have been invited to a meeting by government officials. The gathering will include representatives from CoinSwitch Kuber, CoinDCX, WazirX, and the Crypto Assets … 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
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