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Reserve Bank Governor Shaktikanta Das on Wednesday warned that allowing private cryptocurrencies to grow can precipitate the next financial crisis. Speaking at the BFSI Insight Summit in Mumbai, Das also said the government and the central bank have been working in a coordinated manner to tame inflation and the Centre is “equally serious” about curbing price … Read more
Interest in cryptocurrencies in India appears to have heated up this year, according a report released by CoinSwitch on Wednesday. Delhi, Bengaluru, and Hyderabad were the cities with the highest crypto adoption, according to the findings of the crypto exchange. Among Tier-2 cities, Jaipur recorded accelerating growth in terms of adoption. CoinSwitch, that caters to … Read more
Most cryptocurrencies struggled to overcome price drops as December entered its third week, days ahead of Christmas . Bitcoin on Monday opened trading with a loss of nearly one percent. Over the weekend, the most valuable crypto asset fell substantially and is currently trading at $16,720 (roughly Rs. 13.8 lakh). BTS, the world’s most popular … Read more
Bitcoin on Tuesday opened trading with a small profit of 1.42 percent, but remained range bound. BTC’s current value stands at $17,150 (roughly Rs. 14 lakh), having risen slightly from its yesterday’s price point of $16,875 (roughly Rs. 13.9 lakh). On international exchanges such as Binance and CoinMarketCap, BTC saw profits of up to 1.95 … Read more