Goldman said that bitcoin currently has 20% share of “store of value” market citing it’s $700 billion market capitalization compared to the around $2.6 trillion worth of gold owned as an investment. Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, Goldman Sachs analyst Zach Pandl said …
The Indian government wants to ban all private cryptocurrencies, with some exceptions, to pave the way for a digital money controlled by the central bank. But this may not be as drastic as it sounds. The details of the planned legislation remain unclear, leaving cryptocurrency investors hoping they will by-and-large still be able to trade …
India’s Cryptocurrency Legislation: What We Know Read More »
KEY POINTS Bitcoin, Ether trading in the red Meme cryptos also slide in value Solana saw a slight rise in prices Top crypto Bitcoin fell below $57,500 Monday as the week showed no signs of cryptocurrencies clawing back from the red. Most of the cryptocurrencies including Ethereum and meme coins Shiba Inu and Dogecoin added to their losses. …
Bitcoin, Ether, Meme Cryptos In Red, Solana Rises Read More »
Notably, there have been a rising number of advertisements, featuring even film stars, promising easy and high returns on investments in cryptocurrencies in recent times. (Photo source: Reuters) The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the Budget …
Government to change tax laws in Budget to tax cryptocurrency gains Read More »
Modi said India is building the world’s most extensive public information infrastructure and that over 1.3 billion Indians have a unique digital identity. (File photo: PTI) Prime Minister Narendra Modi on Thursday urged all democratic nations to work together to ensure that cryptocurrency does not end up in the wrong hands, cautioning that it can …
Ensure cryptocurrency does not end in wrong hands: PM Modi to democratic nations Read More »
Das said the RBI is taking a closer look at the strategies of banks. The regulator will not interfere in the commercial decisions of banks, but at the same time, it will closely monitor their business models. Reserve Bank of India (RBI) governor Shaktikanta Das on Tuesday called for a deeper discussion on the issue …
RBI says it has big concerns on cryptocurrencies Read More »
The meeting on the way forward for cryptocurrency and related issues was a very comprehensive one. Amid concerns over misleading claims of huge returns on cryptocurrency investment, Prime Minister Narendra Modi on Saturday chaired a meeting on the way forward on the issue, with government sources asserting that such unregulated markets cannot be allowed to …
Want to invest in a cryptocurrency that might actually be useful? Look no further than Cardano (CRYPTO:ADA) and Ripple (CRYPTO:XRP). While blockchain technology is still far from the mainstream, these networks will help encourage its adoption with their potential use cases in decentralized application development and cross-border payments. Let’s dig deeper. 1. Cardano Up over 1,000% …
Cryptocurrency was initially conceived as a medium of payment. By Mohanish Verma Cryptocurrency is a digital currency based on use of cryptography to secure transactions, control creation of additional units and also verify transfer of assets. Each “cryptocurrency” has a unique set of features and cannot be analyzed or understood by making general observations. The …
Cryptocurrency- a new dimension in the global economy Read More »
KEY POINTS Shiba Inu’s historic gain has turned patient crypto investors into millionaires. Unfortunately, Shiba Inu has numerous flaws that could cause it to lose most of its value. The following five cryptocurrencies are a much better bet than SHIB to outperform over the long run. Dating back to the late 1800s, the stock market …
5 Cryptocurrencies With A Brighter Future Than Shiba Inu Read More »
