Crypto 101 series aims to demystify concepts and developments about cryptocurrencies. In this video, we tell you how cryptos work, how they are mined, and explain the concept of blockchain. Watch!
"Bitcoin's fall was expected for some time because nothing goes in just one direction. Additionally, we have also seen price rising over 50 percent in a single day, so there is no need to panic," says Siddharth Menon, co-founder & COO at WazirX.
Ethereum, the second-largest cryptocurrency in terms of market capitalisation, continued to post solid inflows of $26.5 million last week, with a total of $910 million so far this year.
Following the tweet, bitcoin prices fell sharply to $44,000, their lowest levels since February 2021.
Shiba Inu coin or SHIB, the self-proclaimed "dogecoin killer", was created in August 2020 by somoene who uses the name Ryoshi.
We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel, Musk said.
Since the advent of the parody cryptocurrency in 2013, it has witnessed various bouts of pump-and-dump, a scheme to boost prices of a security based on false, misleading, or greatly exaggerated statements. And this time it seems no different.
The meteoric rise of cryptocurrency in 2021 has once again brought back the talks of a bubble similar to that of 2017 when bitcoin blasted toward $20,000 only to sink as low as $3,122 a year later.
Bitcoin prices have been in a corrective phase after experts hinted at a possibility of a bubble following its epic rise that saw the cryptocurrency scaling $64,000 a week ago.
Coinbase is the first company devoted entirely to cryptocurrency to enter the US stock exchange. The firm will be listed under the symbol COIN.
Bitcoin has been on a meteoric rise since March last year, when it stood at $5,000, spurred by online payments giant PayPal saying it would allow account holders to use cryptocurrency.
China’s central bank, which started testing eCNY last year in four cities, recently expanded those trials to bigger cities such as Beijing and Shanghai
"It would be a shame if India, which is looking up on so many other dimensions such as UPI, Aadhaar etc, were to make a trillion-dollar mistake by banning cryptocurrencies or by regulating it too harshly, sending its best & brightest overseas, This is a trillion-dollar decision either way", Dr Balaji S. Srinivasan, Investor & Entrepreneur at Moneycontrol Masterclass
Former RBI Deputy Governor R Gandhi said he approves of Cryptocurrencies as an investment or asset so long as it is accounted for and declared. "The problem comes if it becomes a payment instrument or a currency," he said at #MCMasterclass.
There are 75 lakh people in India who invest in cryptocurrencies. There are 350 startups operate in blockchain and crypto. Indians hold billions of dollars in bitcoins in their portfolio. Rs 10K-15K crore worth crypto is held by Indians today. Watch Sumit Gupta, Co-Founder & CEO, CoinDCX and Nischal Shetty, Founder & CEO, WazirX decode the scale & scope of Crypto in India
Bitcoin is now the talk of every global financial market as the digital currency is seeing a huge trading frenzy. With Tesla acquiring $1.5 billion of the cryptocurrency and planning to use the digital currency as their payment method, is the demand here to stay? How can you buy bitcoin and is it even legal in India? What are the risks associated? Have your questions answered in this special chat with Blockchain Lawyer Varun, Unocoin CEO Sathvik Vishwanath, and WaxirX founder Nischal Shetty.
After breaking its all-time record earlier this month by going over the $20,000 mark, Bitcoin is now trading over $27,000.
Other popular but smaller cryptocurrency Ethereum was also up by 2 percent but Ripple was quoting down over 13 percent.
The price of bitcoin rose above $20,000 for the first time on December 16 as the speculative digital currency topped its previous peak. Moneycontrol's Sakshi Batra does a 3-Point Analysis to find out whether the rally will sustain or is it just a bubble.
The cryptocurrency has soared over 70 percent this year and has become one of the strongest performing assets.
Both Bitcoin and Libra took shape to challenge governments, but Saga wants to work with them
Bitcoin fell to over 3 month low on September 25. Analysts blame new Bakkt Bitcoin futures contracts.
While promising Libra will adhere to relevant laws and regulations, Facebook aimed to sell lawmakers on the product's merits as well.
Bitcoin's volatile journey continues, with the cryptocurrency falling below $10,000, after recently making a high of about $13,400.
In the last few months, Koinex delisted a number of currencies and asked its users to withdraw their coins accordingly.