Ayushi Sharma

Why India is banning Bitcoin instead of the hype in the financial market?

10Feb

By Ayushi Sharma1 Comment

Blockchain

Why India is banning Bitcoin instead of the hype in the financial market?

The Indian Government is planning to cut Bitcoin and other cryptocurrencies that are regulated by private companies. This step is taken by the government due to the lack of adequate laws to manage cryptocurrencies. Anurag Singh Thakur, a junior minister in the finance department has proposed to Parliament that SEBI and RBI do not have a legal framework to regulate cryptocurrencies. Cryptocurrencies are volatile in nature, they are not currencies, assets, securities, commodities used by identified users. This makes it really difficult to keep a record of transactions without a uniform legal law and order. Shiv Sena MP Sanjay Raut said, "...the government does not approve of cryptocurrency legal tender or coin and will soon be eliminating all the crypto-assets in financing illegal activit...

What investors have to say about Tesla’s $1 Billion Dollar investment in Bitcoin?

The document released by Tesla said; “We updated our investment policy to provide us with more flexibility to further diversify. And maximize returns on our cash that is not required to maintain adequate operating liquidity,” Tesla has bought $1.5 Billion Bitcoin after updating the company’s investment policy to promote digital assets, a filing is done under SEC (Security Exchange Commission). This is definitely a risky move for a company or for the world’s richest man Elon Musk to make such a big investment in the times like these. The price of Bitcoin has risen nearly $8000 or say 18.75% in just a day time after the announcement made by Tesla. But some investors fear that going all crypto could damage its climate bonafide and its reputation among the existing customers. In fact on...

Happy Birthday, Alexa! Three years of Alexa in India.

India is a multi-lingual country. For a new technology to succeed in India has to fulfill a lot of criteria. Alexa when launched only reverted in English, but over the period of three years, Hindi and Hinglish were introduced into its brain cloud to understand slang words. Moreover, Puneesh Kumar, Indian Representative for Team Alexa, has reportedly hinted at adding 12 new regional languages. This new advanced is the result of the welcome of Alexa throughout the country. Since the one-year interaction of Indians with the smart assistant has risen by 65 percent. 85 percent of the entire pin codes in India have bought Echo speakers. Not only the metro cities, even small towns or remote areas have shown interest in this smart assistant. While Alexa is available on over 100+ third-party ...