Crypto Currency

Cryptocurrency news today: Bitcoin down 5 per cent; Dogecoin, Ethereum, Bianance Coin and other top ones trading in red too! Is Elon Musk the TRIGGER? Check Space X CEO viral tweet

Cryptocurrency news today: Bitcoin is the leading cryptocurrency that contributes to around 40 per cent of the global crypto market. It also sort of dictates how the crypto market behaves. Bitcoin on Friday, May 4, was trading in negative at Rs 28,40,630, down 5.51 per cent. It created a daily low of Rs 28,12,986, while went on to hit Rs 30,13,489-mark on Friday.  

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THE TRIGGER

So, from over 6 per cent up on Thursday to down 5 per cent on Friday, what led to this reversal? Well, it appears after Dogecoin rallied two

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Future of Cryptocurrency? Will it Grow or Stoop Low?

The future of cryptocurrency seems promising right now? But is it, truly?

In the last six months, globally, we have witnessed significant developments and achievements. However, one major achievement has been the growth of cryptocurrency and its widespread adoption. Investors, financial institutions, organizations, etc. are making new amendments with respect to cryptocurrency holdings and encouraging crypto transactions. Having said that, what do you think is the future of cryptocurrency?

Goldman Sachs is now making Bitcoin funds available to some high-end clients, Paypal has allowed users to leverage cryptocurrency holdings to pay its online merchants internationally, etc. This clearly indicates that

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Antivirus firm Norton to offer cryptocurrency mining | Cryptocurrencies

Millions of people will soon be able to mine cryptocurrencies without installing any extra programs after the antivirus company Norton announced plans to add the feature to its LifeLock security software.

The company says the new feature, Norton Crypto, is intended to allow users to put their computers to work mining cryptocurrency – and eventually earning real money – without needing to risk using unvetted software.

“We are proud to be the first consumer cyber safety company to offer coinminers the ability to safely and easily turn the idle time on their PCs into an opportunity to earn digital currency,”

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Cryptocurrency latest news today: Trading in virtual currencies? RBI has this important update for you | Check most recent prices of Bitcoin, Ethereum and other top coins

Cryptocurrency craze have grown by leaps and bounds in the recent years. It all has to do with exceptional returns that these coins have generated for its investors in the quickest times possible and success stories attached to them. In India, there were apprehensions as far as trading in cryptocurrencies were concerned. This doubt found its root in Reserve Bank of India (RBI) 2018 circular that barred banks and financial institutions from indulging in business with crypto exchanges. However, the Reserve Bank of India recently came up with clarifications and asked these financial institutions, including banks, not to cite its

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This author explains our obsession with cryptocurrency

The Money Plot by Frederick Kaufman

Source: Other Press

What is money? Why do we need it?

These are some of the big questions writer Frederick Kaufman explores in his book “The Money Plot: A History of Currency’s Power to Enchant, Control, and Manipulate,” which was published in the thick of the pandemic.

Kaufman, a journalism and English professor, is interested in what we project onto money, from our desires of abundance and freedom to — most of all — safety and security.

The book comes at a time when our most basic understandings of money are being

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Government has these tips for Bitcoin and other cryptocurrency investors

Cryptocurrencies like Bitcoin and Dogecoin seem to be attracting the attention of investors in India. Many of these investors may not understand the technology, but get swayed by the jump in the value of these virtual currencies. This makes them vulnerable to crypto frauds as cyber criminals take advantage of their lack of knowledge and understanding.
Cyber Dost has shared tips aimed to help investors stay safe from such crypto frauds and prevent them falling for these scams. For those unaware, Cyber Dost is the safety and cybersecurity awareness handle of the Ministry of Home Affairs, Government of India
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Africa ‘Is Leading Global Cryptocurrency Adoption’: Paxful CEO

“Everyone should have all eyes on Africa right now,” said Ray Youssef, CEO of peer-to-peer lending platform Paxful during CoinDesk TV’s “First Mover” show on Friday. 

Youssef said the number of transactions on Paxful in Africa, combined with Google searches primarily from Nigeria, reflect the “tremendous momentum” around cryptocurrency adoption.

“Africa’s leading [in] global cryptocurrency adoption,” he said. 

According to data shared with CoinDesk, Nigeria is Paxful’s biggest market to date, with around 1.5 million users and $1.5 billion in trade volume. Thanks to Nigeria’s tricky exchange rate policy, inflation and large number of unbanked adults, cryptocurrencies like bitcoin are

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Dubai Debuts Own Crypto Valued At $0.17 Per Coin

Dubai is debuting a digital currency called DubaiCoin with an international starting price of $0.17 per coin, according to a press release.

Consumers can use DubaiCoin to pay for goods and services, both online or in person, the release stated. The intent is for the coin to be used in place of regular paper money. The circulation of DubaiCoin will be controlled by the city itself as well as authorized brokers.

According to the release, Dubai “has plans to go further in its push to play

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2 Reasons to Keep Investing Despite the Cryptocurrency Market Dropping

The fact that the cryptocurrency market is extremely volatile should surprise absolutely no one. But the precipitous fall that’s happening is catching everyone’s attention. 

Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH), whose combined market capitalization represents nearly two-thirds of this burgeoning asset class, have both been crashing since their respective recent highs. In a similar fashion to the dynamics of the stock market, investors might be inclined to immediately sell and run for the exits. 

Don’t panic. Here are two very important reasons to keep investing despite the market dropping. 

Image source: Getty Images.

1. The potential for disruption still exists

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