Crypto Currency TOP NEWS UPDATES

All major cryptocurrencies saw a fall of around 15 per cent or more

New Delhi [India] : Crypto markets crashed following news of the government introducing a Bill in the Parliament to prohibit all private cryptocurrencies in India, barring a few exceptions to “promote the underlying technology of cryptocurrency and its uses”. As of 11:15 PM on November 23, all major cryptocurrencies saw a fall of around 15 per cent or more, with Bitcoin down over 17 percent, Ethereum falling by close to 15 per cent, and Tether down by almost 18 per cent. The official document on scheduled house proceedings today showed that the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is set to be introduced in the Parliament in the upcoming winter session that starts on November 29. The Bill will prohibit all private cryptocurrencies in India with certain exceptions and is expected to be taken up for final consideration and passing during the…

Crypto Currency TOP NEWS UPDATES

Cryptocurrency bill among 26 new legislations on government’s agenda

New Delhi [India] : A bill to prohibit all private cryptocurrencies in India and to create a facilitative framework for the creation of official digital currency to be issued by RBI is on the agenda of the government for the winter session of parliament.The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021is among the 26 new bills on the agenda of the government for introduction and passage during the winter session which begins on November 29. The bill seeks “to create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India”.The bill also seeks to prohibit all private cryptocurrencies in India but it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses.Prime Minister Narendra Modi had earlier this month chaired a meeting on the way forward for cryptocurrency and…

Crypto Currency Technology

Cryptocurrency can’t be stopped, must be regulated

New Delhi [India] : An understanding was visible that cryptocurrency can’t be stopped but it must be regulated in the meeting of the Parliamentary Standing Committee on Finance with industry associations and experts on the matter of crypto finance. There was a consensus that a regulatory mechanism should be put in place to regulate cryptocurrency. Industry associations and stakeholders were not clear as to who should be the regulator, sources said. Security of investors’ money was the most serious concern expressed by MPs at the meeting. An MP expressed concern over full-page crypto ads in national dailies. Experts said that cryptocurrencies are some sort of investors’ democracy, according to sources. “MPs (Members of Parliamentary Standing Committee on Finance) now want the government officials to appear before it and address their concerns,” said sources on the meeting of the committee with industry associations and experts on…

Crypto Currency Technology

Today’s Cryptocurrency Prices: Bitcoin and Ether Rise Slightly, while the USD Coin plunges

Bitcoin’s price is presently $32,365.08, and its market share is 45.65%, down 0.44 percent from yesterday. Bitcoin’s price is presently $32,365.08, and its market share is 45.65%, down 0.44 percent from yesterday. Cryptocurrency prices continue to be in the mix of red and green on July 15. The global cryptocurrency market cap is $1.35 trillion, a 2.21 percent increase over the last day, while the total crypto market volume over the last 24 hours was $64.89 billion, which was a 7.37 percent increase. The volume of all stable coins is now $51.84 billion – 79.89 percent of the total crypto market 24-hour volume. Bitcoin’s price is currently at $32,365.08 and its dominance is 45.65 percent, an decrease of 0.44 percent over the day. As off 7.32 am on July 15, these are the prices of 10 largest cryptocurrencies. S. NO. NAME PRICE 24H % 7D…

Crypto Currency Technology

Cryptocurrency Prices Today: Bitcoin In Red; Ether, Dogecoin Retreat 5%

Cryptocurrency prices continue to be in the red on July 13. The global cryptocurrency market cap is $1.37 trillion, a 3.05 percent decrease over the last day, while the total crypto market volume over the last 24 hours is $62.75 billion, which makes an 18.86 percent increase. The volume of all stable coins is now $47.54 billion – 75.76 percent of the total crypto market 24-hour volume. Bitcoin’s price is currently $34,150.06 and its dominance is currently 45.45 percent, an increase of 0.09 percent over the day. This comes after trading volumes at major cryptocurrency exchanges fell by more than 40 percent in June, research showed on July 12, with a regulatory crackdown in China and lower volatility among the factors depressing activity. Spot trading volumes fell 42.7 percent to $2.7 trillion, with derivative volumes down 40.7 percent to $3.2 trillion, London-based researcher CryptoCompare’s data…

Crypto Currency Technology

Cryptocurrency Price Today: Bitcoin Rises Over 2% As Trade Gains Momentum

The cryptocurrency market marginally rebounded during the weekend as the market cap of all popular virtual coins gained. The positive momentum continued on Monday, but prices could fall due to existing headwinds. Bitcoin, the world’s most popular cryptocurrency, was trading 2.30 per cent higher at $34,277.64 at 1:35 pm. Its closest rival Ether also rose over 2.40 per cent at $2,143.63. All other popular altcoins like Cardano, XRP, Dogecoin, Stellar, Polkadot and Litecoin were trading higher than their price 24 hours ago. Commenting on the cryptocurrency market, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “The crypto markets are slowly yet steadily moving out of the weekend consolidation.” “As the traded volumes increase, most of the top cryptos are rising higher over yesterday’s levels. Bitcoin has been able to hold its ground over the $34,000 mark. Ether…

Crypto Currency Technology

Cryptocurrency Prices Today: Bitcoin, Ether Trade-In The Red

Most cryptocurrencies were trading in the red, with bitcoin down 2 percent, early on July 9. The global cryptocurrency market is currently $1.35 trillion, a decline of 4.84 percent over the past 24 hours. Bitcoin, the world’s largest cryptocurrency by market capitalization, is trading at over $32,700. The price of ether is down 9 percent, trading at over $2,000. Payments company Square Inc on July 8 said it will make a hardware wallet for bitcoin. “We have decided to build a hardware wallet and service to make bitcoin custody more mainstream…”, Jesse Dorogusker, head of hardware at Square said in a series of tweets. The news comes amid US Senator Elizabeth Warren raised concerns about the risks posed to consumers and financial markets by the cryptocurrency market. These are the prices of the 10 largest cryptocurrencies NAME PRICE 24H % 7D % MARKET CAP VOLUME(24H) CIRCULATING SUPPLY Bitcoin…

Crypto Currency Technology

Cryptocurrency Prices Today: Bitcoin Below $34,000; Ether, Dogecoin Also Fall

Bitcoin, the world’s most popular cryptocurrency fell over 4 per cent and was trading at $33,128 at around 12:15 pm. Its closest competitor Ether was down over 7 per cent in what seems to be a result of higher outflows. All other cryptocurrencies were trading lower including Dogecoin, Cardano, XRP, Stellar, Uniswap, Chainlink, Polkadot and Litecoin. Commenting on the brood-based fall, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto trading platform, said, “After the wonderful rally observed across the crypto spectrum in the past few days, we are curiously witnessing a profit booking session. Most of the major cryptos are down by around 5%.” “Bitcoin investors are getting anxious as it is currently trading just above the $33,000 mark. Short sellers would be watching this closely as well. A drop below this level would likely see a huge number of short…

Crypto Currency Technology

Cryptocurrency Prices Today: Bitcoin, Ether Gain But Remain Under Pressure

Popular cryptocurrencies were under pressure on Wednesday as China continues its crackdown on virtual coin trade. Bitcoin, the world’s most popular cryptocurrency, gained marginally by 0.06 percent at 11:20 am. Dogecoin was also struggling to gain momentum and fell nearly 2 percent. Ether gained over 2.80 percent and was trading at $2,383.58. Valuations of other popular cryptocurrencies remained mixed as China’s central bank ordered the shutdown of a Beijing-based software maker over its suspected involvement in cryptocurrency trading. Authorities ordered Beijing Qudao Cultural Development Co Ltd to suspend operations, and its website has been deactivated. The development was confirmed in a statement by the Beijing financial supervision administration and a department of the People’s Bank of China. The statement said companies in Beijing should not provide venues, commercial displays or advertising for cryptocurrency-related businesses. In another negative development, major cryptocurrency exchange Binance has suspended…

Crypto Currency Technology

Bitcoin Position As Ultimate Crypto In Danger For The First Time; Ethereum Surpass Bitcoin

Bitcoin has been the baton holder for the cryptocurrency market for a long time, but its position as the ultimate crypto is in danger for the first time. Ethereum has outpaced Bitcoin in the total number of transactions last week, for the first time. The crypto also saw more daily active addresses which is basically the active number of participants of Ether. The data indicate that more and more investors are moving towards Ethereum, and it may soon be able to close down the gap on Bitcoin. The transaction data was confirmed by Santiment, a crypto analytics company, which tweeted that Ether (the official currency of the Ethereum network, and the second oldest major token that’s still around) created history, surpassing Bitcoin for the first time in daily active addresses. Notably, Bitcoin is seen as an alternative to Gold while Ethereum is looked at…

Crypto Currency Technology

Elon Musk Brings New Cryptocurrency ‘Baby Doge’ To Spotlight; Its Price Doubles After One Tweet

You thought Dogecoin was a joke? Now, we have Baby Doge another meme cryptocurrency that has been brought under the spotlight by the Dogefather Elon Musk. The Tesla chief on Thursday tweeted about Dogecoin spinoff Baby Doge and the cryptocurrency’s value has almost doubled since then. Musk used the lyrics of viral Baby Shark song from last year and used it to refer to Baby Doge. “Baby Doge, doo, doo, doo, doo, doo,” he tweeted, as a reference to the well-known kids’ song “Baby Shark.” The hashtag #babydoge trended on the site following the tweet. Baby Doge price rose by nearly 98 per cent following Musk’s tweet, even though he was bashed by a lot of crypto enthusiasts for the tweet. A meme currency based on an already existing meme coin may not be the best investment option. It is likely to remain highly…

Crypto Currency Technology

Cryptocurrency Price Daily Update: Bitcoin, Dogecoin Fall Over 1%, Ether Gains

The cryptocurrency market is witnessing a fresh wave of volatility on Thursday as prices of popular virtual coins remain mixed. Bitcoin, the world’s most popular cryptocurrency, was trading below $35,000 after crossing the figure yesterday. At 11:15 am, the price of the virtual currency was down nearly 1.60 per cent. On the contrary, Bitcoin had gained 5 per cent on Wednesday to touch $36,000. Popular meme cryptocurrency Dogecoin also fell nearly 1.45 per cent, extending its losses from yesterday. Dogecoin has been trading weaker this week after it rose sharply last Friday. The downward slide has raised concern among Dogecoin investors. ‘Meanwhile, Ether prices have finally registered a substantial gain after a long bout of weakness. The second-most popular cryptocurrency was up nearly 5 per cent at 11:20 am, crossing $2200 for the first time since last week. Some other cryptocurrencies that saw an…

Crypto Currency Technology

Cryptocurrency Prices Today: Bitcoin Climbs Over $35,000, Ether Gains; Dogecoin Struggles

The cryptocurrency market has stabilised after beginning the week on a sluggish note. Popular virtual coins have gained further on Wednesday after rising marginally a day ago. Leading the pack is the world’s most popular cryptocurrency, Bitcoin, gaining 1.18 per cent from its price 24 hours ago. The cryptocurrency was trading $35,000 by 11:35 am. At the moment, Bitcoin is up nearly 30 per cent from the year’s low of $27,734 hit on January 4. Ether also gained marginally to cross $2,130, rising marginally by 0.35 per cent. All other smaller cryptocurrencies have gained in the range of 0.30 per cent to over 3 per cent. However, Dogecoin, which had gained sharply last week, seems to be struggling this week. While cryptocurrency prices have been gaining over the past two days, virtual coins face considerable risk at the moment. Following the Chinese crackdown, UK’s…

Crypto Currency Technology

Elon Musk Targets “Bitcoin Maxis” In Tweet, They Respond

Billionaire entrepreneur Elon Musk has decided to have a go at Bitcoin and its supporters – again. His previous interest to push the developers of the world’s largest cryptocurrency to make it more energy-efficient ended in washing out its gains and attracted massive criticism from Bitcoin investors. On Friday, Mr Musk directed his wit to Bitcoin “maxis”, or maximalists, who support the crypto above all other digital currencies, like Dogecoin, a favourite with the Tesla CEO. He again raised the widely held concerns over the energy consumption in trading and mining Bitcoin. “How many Bitcoin maxis does it take to screw in a lightbulb?” Mr Musk asked. And shortly later, he himself came up with a reply, “That’s not funny! – Bitcoin maxis.” The “Bitcoin maxis” tweet drew the attention of MicroStrategy CEO Michael Saylor, one of the most vocal Bitcoin proponents. Peter McCormack,…

Crypto Currency Technology

Finalising bill on cryptocurrencies, will come soon: Govt

The government informed the Rajya Sabha on Tuesday that a bill on crypto currencies was being finalised and it will soon be sent to the Cabinet. Anurag Thakur, Minister of State for Finance, said the government will soon bring a bill on crypto currencies as existing laws were “inadequate” to deal with issues concerning them.  Thakur, who was replying to a question in the Upper House, said regulatory bodies like RBI and Sebi do not have any legal framework to directly regulate crypto currencies as they are not currencies, assets, securities or commodities issued by identifiable users. “The existing laws are inadequate to deal with the subject,” he said. The government had formed an Inter-Ministerial Committee which has given its report on issues related to virtual currencies. There was also a meeting of the Empowered Technology Group. The Committee of Secretaries chaired by the…

Crypto Currency Technology

RBI asks banks not to refer to its 2018 circular on virtual currencies

RBI on Monday asked banks, NBFCs and payment system providers not to refer to its earlier virtual currencies-related circular, that was issued in April 2018 and later aside by the Supreme Court, in their communications to customers. The latest directive comes against the backdrop of some banks and regulated entities citing the circular and cautioning customers against dealing in virtual currencies. The circular pertaining to virtual currencies was issued by the Reserve Bank of India (RBI) on April 6, 2018 and the same was set aside by the Supreme Court on March 4, 2020. As per the 2018 circular, entities regulated by RBI were prohibited from “providing any service in relation to virtual currencies including those of transfer or receipt of money in accounts relating to the purchase or sale of virtual currencies”. In a circular with the header ‘Customer Due Diligence for transactions…

Crypto Currency Technology

Bitcoin, Ethereum: How to use Android, iOS apps for cryptocurrency

Bitcoin, Ethereum, Ripple and other cryptocurrencies have gained popularity due to the shooting rates. A simple tweet from Elon Musk can shoot up the prices of these currencies. While these have no regulations as of now, many people are trying to put their money into these cryptocurrencies with the hope of getting some return on their investment. In order to buy or sell shares of a company in India, investors need to connect with an exchange like NSE via a broker like Zerodha. Similarly, in order to buy or sell a cryptocurrency, the investor/trader will need an exchange/broker to work with. Here are some of the popular mobile app-based brokers that you can use in order to invest in cryptocurrency: WazirX WazirX is one of the most popular crypto exchanges in India. The app itself is user friendly and it is available on both…

Crypto Currency Technology

Dogecoin surges on Elon Musk tweet as crypto rollercoaster continues

Dogecoin jumped on renewed support from Elon Musk, adding to a volatile week for digital currencies that’s been whipped up largely by the Tesla Inc. chief executive officer himself. After Musk tweeted on Thursday that he is working with Dogecoin developers to “improve system transaction efficiency,” the Shiba-Inu-themed token with no practical uses surged from about 43 cents to 51 cents in a matter of minutes. It’s up by about 30% in the past 24 hours, according to Coinmarketcap.com. Bitcoin fluctuated on Friday, and was trading at around $50,700 as of 10 a.m. in New York. The largest digital token is on course for a weekly slump of more than 10%. Tweets from the billionaire electric car CEO have roiled crypto markets this week and raised questions about his motives. Musk started the week calling Dogecoin “a hustle” and continued with a series of…

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