A.Kapoor News

14.01 / 10:43

cryptocurrency BTC Digital Bitcoin Bitcoin smashes $21,000 ceiling; experts weigh in on the development

After months of stagnation, fuelled by the collapse of several large cryptocurrency firms, including the recent collapse of FTX, Bitcoin, the world's largest cryptocurrency by market capitalisation, has broken above the psychologically important mark of $21,000, bringing renewed optimism among investors.

17.09 / 11:03

cryptocurrency CryptoExplainer Web 3.0 Inside Web 3.0: The New Iteration Of The Internet

Web 3.0 is considered the third version of the internet.

19.04 / 09:39

Ethereum NFT Cardano solana Time Down 70% from all-time highs, can this crypto token rebound anytime soon?

Cardano (ADA) once again breached the $1 mark on Monday. It is the second corrective phase wherein the token has slipped below this level. The first was during the correction it saw in February this year. Support of hip hop star Snoop Dogg failed to lift sentiments on the token. The global music artist has launched an NFT collection on the Cardano Blockchain with Clay Nation. The crypto token has lost more than 70 per cent of its value from its peak of $3 scaled in November 2021. On Monday, it plunged 9 per cent to $0.8777 from $0.9615 within a span of 24 hours, with the total market cap of Cardano slipping below $30 billion, Coinmarketcap data showed.

08.03 / 07:55

Blockchain defi FtM exit Fantom drops 22% after key personnel exit

Fantom (FTM) has fallen 22 per cent in the last 24 after key personnel associated with its project announced departure. Fantom has been under severe pressure following a tweet from Anton Nell, a senior solutions architect and his colleague Andre Cronje, a prolific developer, that they are leaving Fantom Foundation, without citing a reason. Fantom dropped about 22 per cent to hit lows of $1.32 on Monday, according to the data from Coinmarketcap. The token has dropped about 60 per cent of its value from its peak of $3.3, scaled on January 16, 2022.

23.02 / 09:55

Stablecoin CBDCs Can every currency of the world be a stablecoin?

The majority of stablecoins are pegged to the US Dollar but there is a demand to create more coins with alternative denominations. That said, a few stablecoins are pegged to currencies like Singapore Dollar, Indonesian Rupiah or Euro. Large currencies have volume, some established form of consistency and track record and tangible backing, and thereby make for a good standard in the virtual currency world, said Raj A Kapoor, Founder, India Blockchain Alliance.

01.02 / 15:25

Budget 2022 Union Budget 2022 crypto tax union budget Crypto players cheer Budget announcements; high tax may hit volumes

Along with this, she proposed that the Reserve Bank of India (RBI) will introduce its digital currency in the new financial year, which will lead to a more efficient and cheaper currency management system. The government also laid out detailed provision on tax deducted at source (TDS) at a rate of 1 per cent levied on payments made on transfer of digital assets.

01.02 / 11:39

cryptos Budget 2022 union budget After Eco Survey, will FM's Budget also remain silent on cryptos?

While experts believe there are many reasons behind this, the primary among them is that there is yet to be a unilateral consensus inside the government, in the Ministry of Finance, and even in Parliament, they said. The ambiguity on legislation still hangs in the air, according to experts. It was expected that the Economic Survey will have nothing about the crypto industry as the government is still trying to figure out what crypto is and hence how it can impact, said Edul Patel, Co-founder and CEO, Mudrex. Though the industry does not expect the crypto bill to be put on the table in the budget session, we are hopeful that some cat will be out of the FM's bag, he added.

28.01 / 10:11

Dogecoin cryptocurrency crypto tokens Shiba Inu Are the golden days of 'Dogecoin Killer' Shiba Inu over?

Shiba Inu, which once was among the top 10 digital tokens, but now is struggling to hold its place in the top-15. The dog-based meme token or the joke token has dropped about 75 per cent from its peak value of $0.00008, hit in late October 2021. It was trading at 0.00002008 on Thursday at 13.30 IST. Once called the 'Dogecoin Killer', Shiba Inu is losing its charm. The price drop is in line with cryptocurrencies across the board after the price of Bitcoin crashed to a six-month low.

26.01 / 05:49

Bitcoin latest price Bitcoin outlook Bitcoin Bitcoin Price Does latest drubbing in Bitcoin make it an attractive bet?

Bitcoin has had a terrible start to the new year. The crypto major has lost about 50 per cent of its value from the peak touched in November 2021. Its total market cap has fallen below $700 billion from around $1.25 trillion during its golden days, thanks to the ongoing carnage in the crypto market. The geopolitical tensions in Europe and the middle east, ban proposal from Russia, inflationary worries, US FOMC meet and beaten down equity markets are some of the key reasons that have dragged the crypto markets lower.

19.01 / 03:10

Blockchain cryptocurrency Token crypto token week Penny Despite a 2,900,000,000% rally in just a week, this penny token is trading at a fraction of its peak

token is not a new fad. However, there is a crypto token that is struggling to get its glory back but is still far behind its all-time peak. This token is so behind its previous peak that despite a 2.9 billion per cent rally, it is still 96 per cent below its previous peak and zoomed about 25 times to scale the previous highs.Ekta delivered a mammoth return of 2,893,266,376 per cent in the last seven days to $0.4039 from $0.00000001396, as per Coinmarketcap.com data.

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