Digital currency like bitcoin

Bitcoin has been controversial since its beginning in , as have the subsequent cryptocurrencies that followed in its wake. While widely criticised for its volatility, its use in nefarious transactions and for the exorbitant use of electricity to mine it, Bitcoin is being seen by some, particularly in the developing world, as a safe harbour during economic storms. But as more people turn to cryptos as either an investment or a lifeline, these issues have manifested in an array of restrictions on their usage. The legal status of Bitcoin and other altcoins alternative coins to Bitcoin varies substantially from country to country, while in some, the relationship remains to be properly defined or is constantly changing.

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Content:

• Digital currency
• Nigeria follows China’s footsteps in piloting digital currency
• Types of Cryptocurrency
• It’s Hard to Tell When the Crypto Bubble Will Burst, or If There Is One
• Why is the Indian government cracking down on cryptocurrency?
• ToP 5 Popular Cryptocurrencies Other than Bitcoin
• What are private cryptocurrencies? How do they differ from Bitcoin, ether?
• Decoded | What’s driving demand for cryptocurrencies in India

WATCH RELATED VIDEO: How Cryptocurrency ACTUALLY works.

Digital currency

As cryptocurrency investors reel from the sharp sell-off in bitcoin and other digital currencies, some fear the worst is yet to come. That's got some crypto investors talking about the possibility of a "crypto winter," a phrase referring to major bear markets in the young digital currency market's history. David Marcus, the former head of crypto at Facebook-parent Meta, appeared to admit a crypto winter has already arrived.

In a tweet Monday, he said: "It's during crypto winters that the best entrepreneurs build the better companies. This is the time again to focus on solving real problems vs. Nadya Ivanova, chief operating officer at the BNP Paribas -affiliated tech research firm L'Atelier, said she's not convinced a crypto winter has arrived yet — but the market is "now in a cooling off period. Crypto's rout has come in tandem with a slide in global stocks. Experts say that involvement from large institutional funds has meant digital assets are becoming more intertwined with traditional markets.

Traders fear potential interest rate hikes and aggressive monetary tightening from the Federal Reserve will drain liquidity from the market. The U. The moves lower in major digital coins has been a boon to stablecoins, or digital currencies that track the value of sovereign currencies like the U.

Vijay Ayyar, vice president of corporate development and international at crypto exchange Luno, thinks the recent slump in crypto is more of a "correction" than a sustained downturn.

This refers to a chart pattern which shows a steep increase in price and trading volume followed by a sharp fall in price. If it closes below that point in a week or more, "that would definitely indicate high likelihood of a bear market," he said.

Ayyar doesn't think such a scenario is on the table. Still, investors are worried about the prospect of further regulatory crackdowns on the crypto industry. Last week, Russia's central bank proposed banning the use and mining of cryptocurrencies, mimicking a similar move from neighboring China. And the U. Skip Navigation.

Key Points. That's got some crypto investors talking about the possibility of a "crypto winter. In this article. VIDEO Institutional interest still in crypto despite retail selling, says Cumberland's Chris Zuehlke. Squawk on the Street. Squawk Box Europe.

Nigeria follows China’s footsteps in piloting digital currency

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Types of Cryptocurrency

Choose your reason below and click on the Report button. This will alert our moderators to take action. Nifty 17, Union Bank India Market Watch. Budget ET NOW. Cryptocurrency By Crypto Podcast. Crypto Meet. Crypto Influencers.

It’s Hard to Tell When the Crypto Bubble Will Burst, or If There Is One

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Why is the Indian government cracking down on cryptocurrency?

The cryptocurrency industry is growing at a rapid pace with Bitcoin, Dogecoin, Ethereum being the hot buzzwords driving the crypto frenzy these days. Even though the crypto industry is only a decade old, novice investors are drawn to it as they see a quick way to earn profits. Unlike the stock market, the crypto market does not have any regulation, as a result of which, its value swings up and backs down every day. Cryptocurrencies are digital assets— that you can use as investments and even for online purchases. It is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.

ToP 5 Popular Cryptocurrencies Other than Bitcoin

We use necessary cookies to make our site work for example, to manage your session. Necessary cookies enable core functionality on our website such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions. We use analytics cookies so we can keep track of the number of visitors to various parts of the site and understand how our website is used. For more information on how these cookies work please see our Cookie policy. There are thousands of different types of cryptoassets out there — or as you might know them, cryptocurrencies. But what exactly is it? They exist electronically and use a peer-to-peer system.

What are private cryptocurrencies? How do they differ from Bitcoin, ether?

The budget session will continue from January 31 to April 8. Investors have a lot to expect from the upcoming budget. The equity investors will wait for the government's policy measures, which will positively impact the companies in the future, and help the falling equity markets to boost in the country. However, people who have been interested in alternative investments like cryptocurrencies, are also waiting for the budget.

Decoded | What’s driving demand for cryptocurrencies in India

RELATED VIDEO: Bitcoin: How Cryptocurrencies Work

But with more than 9, crypto projects live today, retail investors are now starting to see if there is more value in buying one of the many alternatives to bitcoin. Find out: Should you invest in bitcoin? But if you have some disposable income left that you can afford to lose, you might want to dabble in bitcoin or its alternatives. Ethereum is much newer than bitcoin.

We respect your privacy. All email addresses you provide will be used just for sending this story. If you've been even slightly tempted to invest in digital currencies such as bitcoin, Ripple, or Etherium, you might want to listen to Warren Buffett. In a recent interview on CNBC, the investing guru said he feels almost certain that putting money in this market "will come to a bad ending. By now, everyone has heard about the mania over cryptocurrencies—a form of encrypted digital money that average investors can trade just like stocks. There are now hundreds of other such currencies that can be traded—and new ones are regularly being created. Eastman Kodak, for example, just announced Kodakcoin, a cryptocurrency for photographers to use to manage rights and fees for their work.

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