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Nifty 17, Union Bank India Market Watch. ET NOW. Digital currency explained: India catches up with global fad CBDC is a digital or virtual currency but it is not comparable to the private virtual currencies or cryptocurrency that have mushroomed over the last decade.
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- India second in global cryptocurrency adoption: Chainalysis
- Facebook's dream of creating its own global cryptocurrency officially comes to an end
- Singapore wants to be leading player in global crypto economy: MAS chief Ravi Menon
- What does the crypto industry expect from the Fed's meeting?
- India to Tax Crypto, Plans Central Bank Digital Currency
- Cryptocurrencies
- IMF warns of global risks from unregulated cryptocurrency boom
India second in global cryptocurrency adoption: Chainalysis
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Invest in You: Ready. Cryptocurrencies are riding a macro wave, says BlockTower's Mike Bucella. Bitcoin's price moves not unusual for crypto, says Tether co-founder William Quigley. Bitcoin fundamentals are as strong as ever: Chamber of Digital Commerce president. Capital Connection. Bitcoin is still 'firmly in growth mode,' says crypto investment firm. MicroStrategy drops on bitcoin's slide, SEC rejection of its crypto accounting. This is a great opportunity for people to get involved in crypto, says New Street's Saporu.
Bitcoin encroaches on gold's 'store of value' status despite recent crypto selloff. Price action doesn't mean cryptocurrencies' fundamentals have changed, says Paxos CEO.
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Facebook's dream of creating its own global cryptocurrency officially comes to an end
The trio of partnerships with Amber, Bitkub and CoinJar make it easier for consumers and corporates to spend cryptocurrency on physical or digital Mastercard payment cards. In partnership with Mastercard, three leading cryptocurrency service providers in Asia Pacific will be launching crypto-funded Mastercard payment cards. For the first time, consumers and businesses in the Asia Pacific region will be able to apply for crypto-linked Mastercard credit, debit or pre-paid cards that will enable them to instantly convert their cryptocurrencies into traditional fiat currency, which can be spent everywhere Mastercard is accepted around the world. The three digital asset service providers that Mastercard is partnering with are Amber Group , Bitkub in Thailand, and CoinJar in Australia, all of which offer cryptocurrency purchase and exchange services in their respective domestic markets. While some merchants already accept payments in digital currencies such as Bitcoin or Eth, this form of acceptance is not widespread. Rather than directly transferring cryptocurrencies to a merchant, cardholders will now be able to instantly convert their cryptocurrencies into traditional fiat currency which can be spent everywhere Mastercard is accepted around the world, both online and offline.
Singapore wants to be leading player in global crypto economy: MAS chief Ravi Menon
Not just favorable regulation, cryptocurrencies are also being endorsed by many American tech leaders. The founder of Reddit and several other American companies like Mastercard have come forward to show support to Bitcoin and the rise of crypto technology to make America the most supportive crypto country. Cryptocurrency has taken over the world with its potential and controversies, but amidst the hype, Miami is set to become the crypto hub of the world. On June 4th, the US city had hosted a two-day Bitcoin conference that attracted a massive crowd. The Co-founder of Twitter and payments firm Square, Jack Dorsey was one of the keynote speakers, along with Cameron and Tyler Winklevoss who run the cryptocurrency exchange Gemini. The conference saw an influx of 12, participants who witnessed the exhibits from crypto mining companies, crypto traders, and Bitcoin exchange networks. As a part of his speech, Jack Dorsey advocated the flexibility Bitcoin offers. When we get to Mars, what is the currency going to be on Mars?
What does the crypto industry expect from the Fed's meeting?
According to a report by IANS, Bitcoin, along with other digital cryptocurrencies, crashed to its lowest level on Saturday. Other cryptocurrencies including Ethereum, Binance Coin and Cordano have also faced similar meltdowns. The Ethereum-killer, Solana, has also lost a big chunk of its value. This means that the value of the coin is expected to fall deeper in the coming days. The report also added that the crypto crash came as the US Federal Reserve raised the possibility of boosting interest rates as soon as March and withdrawing stimulus from the market.
India to Tax Crypto, Plans Central Bank Digital Currency
Founded in as a cryptocurrency trading service, OKX has since amassed over 20 million users and expanded its suite of digital asset investing products to include OKX Earn, a tool for earning passive crypto income; an NFT marketplace and decentralized application discovery hub; and most recently, MetaX, OKX's new decentralized mode that features a cross-chain dashboard and self-custody Web 3. Our goal is to give customers the tools they need to easily and securely earn, transfer, and spend their wealth as they see fit, without intermediation from us. OKX, which lists over digital assets and has long held the 1 rank for cryptocurrency futures trading volumes, recently became the second largest cryptocurrency spot trading platform in the world. To learn more, please visit OKX. Founded in , OKX is a world leading cryptocurrency exchange and ecosystem.
Cryptocurrencies
Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs. Choose your reason below and click on the Report button. This will alert our moderators to take action. Stock analysis. Market Research. Nifty 17,
IMF warns of global risks from unregulated cryptocurrency boom
Surging transactions of virtual digital assets make it imperative that the income from its transfers be taxed, said Finance Minister Nirmala Sitharaman in a budget speech. Noting that there has been a phenomenal increase in transactions in virtual digital assets, she said it is imperative that income from its transfers be taxed. No deductions would be allowed against such income and any losses from it cannot be set off against other income, she said. The central bank digital rupee will encourage the further adoption of digital payments, she added.
All major cryptocurrencies, including Bitcoin, Ethereum, Binance, Cardano, Terra and Shiba Inu, were trading with heavy losses, Coinmarketcap data showed. The age of majoritarianism has birthed a second wave of identity politics across India. As five states are ready to go to polls At no time do the politics of identity play out more spectacularly than during an Indian election. This poll season is no different The global crypto market cap has crashed by 8.
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