Crypto companies, investors wait with bated breath as India moves to ban ‘private’ tokens

New Delhi: The prices of bitcoin and other major cryptocurrencies fell sharply on Indian exchanges after the government listed a bill to ban all “private” tokens. But entrepreneurs and investors are hopeful that things won’t get too bad. The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which aims to ban all private cryptocurrencies … Read more

Most Existing Crypto Will Be Destroyed, Says Raghuram Rajan

Former Reserve Bank of India (RBI) governor Raghuram Rajan believes that most of the existing cryptocurrencies will soon be destroyed. About 6,000 cryptocurrencies are in existence and Rajan believes that only one or two, or at most a handful, will survive. In an interview with CNBC-TV18, Rajan said that if things have value simply because … Read more

Another dog-based token joins the wild ride of crypto, goes from Rs 1,000 to Rs 60 lakh in under 2 hours

New Delhi: Cryptocurrencies may well be synonymous with volatility, as some of these tokens have seen spectacular price increases in the short term. On Monday, it was the turn of the Shih Tzu (SHIH), a token named after the affectionate, playful and outgoing dog breed that originated in China. The token has seen tremendous growth … Read more

pump and dump? Crypto converts from Rs 1,000 to Rs 2.37 crore in a day

New Delhi: Cryptocurrencies are known for their wild swings in a very short period of time, while Micro Tokens are famous for their bizarre moves. Such tokens, with small market capitalization and extremely low liquidity, provide ultra-multibagger returns in just a day or two. However, not all investors can make money in such tokens. Squid … Read more

View: Stablecoins are a threat to the financial system, but no one is falling prey to them

Cryptocurrencies have had an extraordinary year, reaching a combined value of over $3 trillion (£2.2 trillion) for the first time in November. The market seems to have benefited from having time in the hands of the public during the pandemic lockdown. In addition, large investment funds and banks have stepped in, at least with the … Read more

India unlikely to take tough stance on cryptocurrencies

India is looking at a middle path on cryptocurrency, as it finalizes legislation on virtual assets to be introduced in the upcoming winter session of Parliament. A government source said a drastic approach to an outright ban on crypto is not possible in view of large investments by Indians in such instruments, and these unregulated … Read more

India unlikely to take tough stance on cryptocurrencies

India is looking at a middle path on cryptocurrency, as it finalizes legislation on virtual assets to be introduced in the upcoming winter session of Parliament. A government source said a drastic approach to an outright ban on crypto is not possible in view of large investments by Indians in such instruments, and these unregulated … Read more