Cryptocurrency

Rakesh Jhunjhunwala says he will never buy Bitcoin, Centre should ban Cryptocurrencies

The Government or Reserve Bank of India has not authorised any VCs as a medium of exchange. Further, the Government or any other regulator in India has not given license to any agency for working as exchange or any other kind of intermediary for any VC. Persons dealing in them must consider these facts and beware of the risks involved in dealing in VCs.

Feb 23, 2021, 16:23 PM IST

Elon Musk surpasses Jeff Bezos to become the richest person in the world after SpaceX funding

As per the Bloomberg Billionaires Index, the Tesla chief executive officer's wealth rose to $199.9 billion after the rocket company he founded completed another funding round. Musk’s space startup, SpaceX, raised $850 million in fresh funding this month from a group of investors led by Sequoia Capital.

Feb 20, 2021, 20:40 PM IST

Elon Musk warns investors against spending lifetime savings in cryptocurrency

The video was released just a day before the Tesla made its bitcoin investment public on Sunday (February 7). Elon Musk was in West Hollywood and his fans asked him for an autograph and thus asked questions about investing in cryptocurrency, as reported by ABC.

Feb 18, 2021, 17:15 PM IST

Bitcoin trading likely to attract Income Tax, 18% GST: Reports

Ahead of the presentation of Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the Budget session of Parliament, as has been reported by several media publications, the report further added that both the taxes will be levied for the current fiscal year.

Feb 17, 2021, 14:37 PM IST

Bitcoin smashes through $50,000 for first time ever

Even as bitcoin laps into the mainstream, cryptocurrencies remain subject to patchy oversight around the world, with the lack of regulatory clarity and associations with crime keeping many larger investors leery of exposure. Some believe extreme volatility is a cause for concern.

Feb 16, 2021, 21:15 PM IST

Elon Musk buys Dogecoin for his baby, sparks 16% surge in currency

Similar to bitcoin, Dogecoin is a digital coin that is mainly used for e-transactions and its meme has a picture of the shiba inu on it. Invented by software engineers Billy Markus and Jackson Palmer in 2013, the price of Dogecoin saw a mammoth rise after Reddit traders targeted it.

Feb 11, 2021, 22:07 PM IST

Mastercard to allow cryptocurrency transactions; Here’s how to do it

The firm is also planning to launch several other currencies and it claims to be in touch with several banks around the world. Mastercard already offers a customer card that allows transactions using cryptocurrencies. It has also partnered with cryptocurrency firms such as Wirex and BitPay.

Feb 11, 2021, 19:54 PM IST

Can you buy a car using bitcoin? Some car dealers were years ahead of Elon Musk

Musk had bought Dogecoin - a cryptocurrency - for his newborn, further extending his support to digital currencies. "Bought some dogecoin for lil X, so he can be a toddler hodler," said the Tesla and SpaceX CEO on Twitter. The car dealers said accepting cryptocurrency is a good marketing and branding tool.

Feb 11, 2021, 19:08 PM IST

Cryptocurrency demand soars after Tesla’s $1.5B investment in Bitcoin; govt warns virtual currency is like ponzi schemes

Elon Musk’s Tesla invested $1.5 billion in bitcoin while the cryptocurrency hit an all-time-high after the news. Earlier, in January this year, Bitcoin rallied above $30000 for first time. The Finance Ministry in its statement said that VCs are not backed by Government fiat.

Feb 10, 2021, 16:01 PM IST

Tesla invests $1.5 billion in Bitcoin, cryptocurrency surges to $44K

The announcement comes amid renewed interest shown by Musk in cryptocurrency and requests from Tesla customers for accepting bitcoin for buying the cars. Musk has also been sending tweets in support of Dogecoin over the past week, leading to a rise in the cryptocurrency's value.

Feb 09, 2021, 10:24 AM IST

THIS cryptocurrency is touted to be the next best bet after Bitcoin

According to industry players, Bitcoin which is hovering around $40,000. As India plans to introduce the 'Cryptocurrency and Regulation of Official Digital Currency Bill, 2021', to prohibit all "private cryptocurrencies" in the country, the industry stakeholders have come out in unison hoping that the Indian government would listen to all stakeholders before taking any decision.

Feb 08, 2021, 15:54 PM IST

Elon Musk says THIS about Bitcoin; statement sends the cryptocurrency up 14%

Musk also chatted about COVID-19 vaccines, saying he expected an avalanche of them soon. He added that authorities should focus on giving out the first dose of vaccines soon and worry about the second shot later, to speed things up.

Feb 02, 2021, 13:34 PM IST

India mulls ban on cryptocurrency with new law; check details

The government is planning to introduce a law which will seek to prohibit the private cryptocurrencies in India and create a facilitative framework for an official digital currency issued by the Reserve Bank of India. The legislative is listed for debate in the ongoing parliamentary session.

Jan 30, 2021, 23:59 PM IST

Dogecoin pips popular Bitcoin: Know how it started as a joke but is dominating cryptocurrency market now

After the rise, it became a meme fest on the internet and the memes surged almost as much as the price of the cryptocurrency did. One user said, "Me dreaming of my #dogecoin hitting $1 while I sleep tonight." Another wrote, "Buy #dogecoin and achieve financial independence by the end of the day."

Jan 29, 2021, 21:19 PM IST

Why Bitcoin rose 14 % as Elon Musk changed his Twitter bio?

Bitcoin jumped as much as 14% on Friday (January 29) to a two-week high after Tesla Inc chief Elon Musk tagged the cryptocurrency in his Twitter biography. Elon Musk wrote simply "#bitcoin" in his biography on the social media site, Twitter. The world`s biggest cryptocurrency was up 10.2% at $36,901 as of 1005 GMT.

Jan 29, 2021, 19:57 PM IST