Paytm CEO and founder Vijay Shekhar Sharma mentioned that crypto will be mainstream in near future, just like the internet and urged the government of India to take a stand to clear all confusions among crypto investors.
Elon Musk who has supported Dogecoin on multiple occasions through Twitter, recently an advice to coin holders. He even expressed his anger over the cryptocurrency exchange limiting withdrawals for Dogecoin.
While founders of crypto-exchange CoinDCX, WazirX, Coinswtich Kuber, and ZebPay welcomed the Cryptocurrency and Regulation of Official Digital Currency Bill (2021), they suggested refraining from any panic selling until the contents of the bill were known in entirety.
According to some definitions, most of the larger cryptocurrencies, including Bitcoin and Ethereum, may not come under the ambit. However, there are indications that all cryptos not issued by the government may be banned.
There is no law or any ban on the use of cryptocurrencies in India. Prime Minister Narendra Modi, last week, held a meeting on cryptocurrencies with senior officials and indications are that strong regulatory steps could be taken.
Cryptocurrency and Regulation of Official Digital Currency Bill (2021) envisages prohibiting all private cryptocurrencies in India. It strives to create a framework for creating an official digital currency to be issued by the Reserve Bank of India.
Bitcoin has witnessed a rise of over 0.49 per cent in the last 24 hours, while Ethereum has grown by around 2.49 per cent over the same period, as on 9:30 am.
The city will be built near the Conchagua volcano to take advantage of geothermal energy to power both the city and Bitcoin mining.
Manchester City suspended a deal with 3Key Technologies, while Barcelona canceled a deal with Ownix.
Defy initiates experiment of social crypto exchange in India. Such exchanges let new investors learn from experts and peers on the exchange. Such exchange may help investors and make the market more mature.
Days after Mt Gox got the final approval from their trustee for their repayment plan, Bitcoin fell to a one-month low on Friday. Mt Gox was one of the world’s biggest cryptocurrency platform back in 2014.
Revenue Secretary Tarun Bajaj said people are already paying taxes on capital gains derived from crypto trading. At present, India has no institutional mechanism on how to tax the unregulated asset or a categorisation under the GST.
Bitcoin, Ethereum witnessed a gain in the last 24 hours. Immutable X(IMX) gained the most in the period, with a rise of around 35 per cent, while Decentraland had the highest loss.
PM Modi appeals to the world to come together on the misuse of cryptocurrency. Prices of Bitcoin and Ethereum rise slightly after falling for days.
Taproot upgrade comes with various features to assist investors. This major upgrade comes after 2017 for Bitcoin. It will assist Bitcoin blockchain to perform more complicated transactions, potentially widening the virtual currency's use cases.
China's crackdown and other various factors are responsible for falling in prices of Bitcoin.Top coins such as Ethereum (ETH) and popular meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE) have fallen over 10 per cent over the last seven weeks.
At a meeting with cryptocurrency stakeholders, government officials said cryptocurrencies won’t be banned but need to be regulated as soon as possible.
Laws regulating cryptocurrencies are in the offing. In the meanwhile, industry bodies are using own rules to enable online KYC verification, check fraud and market manipulation.
Leader of Opposition in Uttarakhand Assembly Pritam Singh during a protest near the State Secretariat against the Devasthanam Act, in Dehradun.PTI Photo
Indian Player Mayank Agarwal plays a shot during third day of the first Test cricket match between India and New Zealand, at Green Park stadium in Kanpur.PTI Photo/Arun Sharma
MP & Bollywood actor Sunny Deol with his son Karan Deol (L) during Karan's birthday celebrations, at Sunny Super Sound studio in Mumbai.PTI Photo
Sharad Agarwal, Head, Lamborghini India flags off a convoy of over 50 Lamborghinis as part of the Lamborghini Espierenza Giro India 2021, at Manesar in Gurugram.PTI Photo
Lok Janshakti Party (Ramvilas) President Chirag Paswan inspects Bapu Auditorium for preparation of his party foundation day function, in Patna.PTI Photo
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