Crypto Currency

  • 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 winter session. The government says that the Reserve Bank of India will issue its own digital currency. The objective is, “To create a facilitative framework for the creation of the official digital currency to be issued by the Reserve Bank of India.” Security of investors’ money and misleading advertisements in the media regarding investment potential and risks have long been a cause of concern. The government has held several meetings with all stakeholders to discuss the regulation of digital currencies. Prime Minister Narendra Modi has also chaired a high-level meeting with […]
  • 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 related issues.According to sources, the meeting strongly felt that attempts to mislead the youth through over-promising and non-transparent advertising be stopped.It was also discussed that unregulated crypto markets cannot be allowed to become avenues for money laundering and terror financing.The meeting was an outcome of a consultative process as RBI, Finance Ministry, Home Ministry had done an elaborate exercise on it as well as consulted experts from across the country and the world.The new bills will be introduced in Parliament before being taken up for passage.Apart from the 26 new […]
  • 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 the matter of crypto finance. The parliamentary panel was chaired by BJP leader Jayant Sinha, discussed the pros and cons of crypto finance with various stakeholders, and several members were in favour of regulating crypto-currency exchanges rather than imposing an outright ban on crypto-currencies, according to sources. The meeting took place against the backdrop of rising concerns in various quarters about crypto-currencies and the possible risks emanating from trading in them, especially since there is a growing interest in such assets worldwide. Currently, there are neither specific regulations nor an […]
  • Interactive Brokers introduces Crypto Trading for American financial advisors
    As indicated by a review distributed this June, 49% of financial advisors said that they had received requests from customers about investing into cryptocurrencies.
  • 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 % MARKET CAP VOLUME(24H) CIRCULATING SUPPLY 1 Bitcoin BTC $32,780.50 1.13% -1.80% $615,640,487,870 $21,040,631,934 641,040 BTC 18,756,581 BTC 2 Ethereum ETH $2,004.07 4.74% -12.25% $234,340,523,239 $17,182,525,151 8,556,367 ETH 116,694,342 ETH 3 Tether USDT $1.00 -0.00% -0.12% $62,090,392,016 $44,895,764,829 44,892,171,706 USDT 62,085,422,762 USDT 4 Binance Coin BNB $308.20 2.95% -4.62% $47,436,159,603 $1,596,297,227 5,163,245 BNB 153,432,897 BNB 5 Cardano ADA $1.26 2.22% -9.02% $40,599,481,151 $1,668,635,530 1,316,885,474 ADA 32,041,069,499 ADA 6 XRP XRP $0.62 1.72% -3.05% $28,547,917,988 $1,925,085,311 3,116,551,811 XRP 46,216,687,135 XRP 7 USD Coin USDC $1.00 -0.02% -0.10% $26,667,527,573 $2,168,221,523 2,168,366,786 USDC […]
  • 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 showed. “Headwinds continued as China persisted with its crackdown on bitcoin mining,” CryptoCompare said. “As a result of both lower prices and volatility, spot volumes decreased.” On 13 July these are the prices of 10 largest cryptocurrencies : S. NO. NAME PRICE 24H % 7D % MARKET CAP VOLUME(24H) CIRCULATING SUPPLY 1 Bitcoin BTC $33,198.58 -2.77% -1.85% $622,444,887,613 $24,261,989,741 731,031 BTC 18,754,700 BTC 2 Ethereum ETH $2,032.24 -4.86% -8.52% $237,358,204,708 $17,619,612,748 8,660,509 ETH 116,667,885 ETH 3 Tether USDT $1.00 0.00% -0.03% $62,226,485,903 $41,146,965,524 41,133,037,623 USDT 62,205,422,762 USDT 4 Binance Coin BNB […]
  • 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 looks good over $2100,” he added.
  • 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 $32,656.33 -2.17% -1.89% $612,351,377,091 $28,580,657,751 18,751,381 BTC Ethereum $2,075.11 -9.14% -0.62% $241,990,437,486 $22,792,773,455 116,615,513 ETH Tether $1.00 -0.13% -0.05% $62,202,623,951 $52,780,171,231 62,206,822,762 USDT Binance Coin $303.22 -6.31% 6.68% $46,595,360,812 $1,785,619,613 153,432,897 BNB Cardano $1.30 -6.55% -1.78% $41,632,340,345 $1,629,069,269 31,946,328,269 ADA XRP $0.60 -5.84% 7.45% $27,803,603,646 $2,286,228,684 46,171,815,477 XRP Dogecoin $0.20 -8.41% -17.65% $25,949,106,294 $1,776,892,861 130,358,670,859 DOGE USD Coin $1 -0.10% -0.04% $25,937,500,136 $2,266,561,951 25,937,583,957 USDC Polkadot $14.99 -7.86% -0.52% $14,395,228,059 $1,041,993,033 958,942,630 DOT Uniswap $19.95 -8.49% 13.08% $11,726,433,585 $490,531,216 587,275,853 UNI
  • 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 positions opening,” he added. Patel went on to say that profit booking had a larger impact on some major altcoins. “Ether is down by approximately 6 per cent and Ethereum Classic tanked more than 7 per cent. The meme coins, Dogecoin and Shiba Inu, have taken quite a toll. Both these cryptos are down by approximately 8 per cent,” Patel said. “Currently, Bitcoin and Ether are close to support levels and these levels would be closely tracked. In case these support levels are broken, we might see a further sell-off […]
  • 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 Euro bank deposits from one of Europe’s key payments networks. The development was reported by The Financial Times. Binance said from 8 am universal coordinated time on Wednesday, customers would no longer be able to deposit funds through the Single Euro Payments Area, or Sepa schemes. It added that the move was due to “events beyond control”. It may be noted that the major cryptocurrency exchange is currently facing scrutiny in a number of countries including the US, Britain and Thailand. The development has made investors nervous, but analysts indicate […]
  • 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 as a supercomputer on which other cryptos can be based. Ethereum creators have already confirmed that they are also working on an energy-efficient successor to the crypto which may launch later this year. The more interesting data here is that while the number of active addresses with Ether has gone up, there is a decline in the same for Bitcoin. This suggests that Bitcoin investors have started looking at other cryptocurrencies as long-term options. Some reasons could include China’s crackdown on Bitcoin mining and environmental concerns raised around the crypto […]
  • 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 volatile and there is a chance that no one might be working on it. “Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness. He is Hyper-deflationary with an integrated smart staking system built in so more baby doge are being added to your wallet. Simply Love, pet, and watch your baby doge grow,” a description on CoinMarketCap reads. Elon Musk has been a huge believer in cryptocurrencies. He has helped push the crypto market with his tweets about Bitcoin and Dogecoin. Both the […]