Wednesday, August 10

Blockchain

Crypto Ban In India: Things To Keep In Mind
Blockchain, news

Crypto Ban In India: Things To Keep In Mind

The recent parliament session has passed a prospect of banning private cryptocurrencies in India. The inside committee members mentioned a lack of rules and regulations from an authorized organization.  A leading member of the committee quoted that they are unable to manage and keep an eye on the cryptocurrency transaction. The Parliament passed, The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 is slated for introduction, consideration, and passing. The law is intended to create a facilitative framework for an official digital currency issued by the RBI. And to “prohibit all private cryptocurrencies in India”. But, certain exceptions will be permitted “to promote the underlying technology". Whereas crypto startups founder is trying their best to negotiate wit...
Dogecoin: Crypto Is The Future But Be Careful.
Blockchain

Dogecoin: Crypto Is The Future But Be Careful.

On the beautiful Sunday afternoon, the price of Dogecoin spiked to $0.087, sparked from the supportive tweets from the likes of Elon Musk, Snoop Dogg, and Gene Simmons of KISS. Due to this sudden rise in the upliftment of Dogecoin ( crypto based on a popular meme), most of the investors started dreaming of buying the latest model of Ferrari they would buy when Dogecoin hit $1000. Dogecoin hype is not going off the investors' minds anytime soon. But don't make any irrational mistake. Always keep in mind that not all cryptos are the same. If you really want to take advantage of crypto hype at the moment, better start saving and investing in Bitcoin.   The story of bitcoin has been different. Some say it was due to the timing, others believe it was due to its decentralized n...
Why India is banning Bitcoin instead of the hype in the financial market?
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?
Blockchain

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...