New Delhi: Cryptocurrency has gained importance in recent times with investors actively investing in digital currency. It is important to have knowledge about every day’s happenings in the cryptocurrency world. Here are some important stories of cryptocurrency that you would be interested in:
Cryptocurrency prices on Nov 21: Bitcoin, Ethereum surge, Solana falls
The global cryptocurrency capitalisation has surged marginally to $2.63 trillion by 0.55% with Bitcoin, Ethereum is being traded in the green while Solana and Dogecoin dropped slightly. Reportedly, Bitcoin lost around 20% in less than 15 days. Bitcoin is having dominance of 42.30%, gaining just 0.30% to trade at $58,997.
Crypto transactions should be recognised as an asset class, regulated centrally: RSS Body
Swadeshi Jagaran Manch, a BJP oriented political organisation stated the government should pitch in a new law to recognise the crypto transaction as an asset class and regulate it. Reportedly, Ashwani Mahajan, the Swadeshi Jagaran Manch (SJM) co-convenor, suggested that the governor should make sure that the data and hardware that are used for mining, processing, and transacting of the cryptocurrencies, is limited to the domestic servers.
Anand Mahindra backlashes fake news stating, “not invested a single rupee in crypto”
Sharing a screenshot of fake news on Twitter, Mahindra Group Chairman on November 19 stated that he never invested a single rupee in cryptocurrency. An article posted on the website called blastheincome.com stated that Mahindra in a recent interview said that his “number-one money-maker” is a cryptocurrency platform called Bitcoin Era.
Bitcoin almost falls by 20% in less than 14 days, should you worry?
Bitcoin has suffered a blow of almost 11% over the last week and is currently trading at $56,868, the most popular digital coin by market value has lost nearly 20% in less than 2 weeks, as reported by Bloomberg. Reportedly, the volatility is quite regular and corrections are no cause for alarm. Notably, over 24 hours, Bitcoin has fallen by almost 3%, declining consistently for the 6th continuous day.
A software developer from Australia has created an online repository of NFTs known as “The NFT Bay.” This repository includes image versions of the NFTs, but not the blockchain-secured token. As reported by Coin Desk, the website contains as many as 17.96 terabyte archives of NFT image copies and has garnered about 1.2 million visits in two days.