Kamal Haasan News

web3.' The VCs and their LPs do.,Jack Dorsey tweeted this esoteric salvo in late December, not long after he stepped down as the head of Twitter to focus on advancing his Bitcoin ambitions. The post, swiping at the power held by venture capitalists and their limited partners as they try to reorganize the internet around blockchain technology, an effort known as web3, soon set off a public feud among members of the Silicon Valley ruling class. The dispute over what many herald as the next arena of technological revolution has drawn increasingly hard lines. Elon Musk is with Dorsey; Marc Andreessen is his enemy. The web3 revolution, backers say, promises the democratization of commerce and information by building a better internet on blockchain networks — distributed ledger systems that form the basis of Bitcoin and other cryptocurrencies. It theoretically would cut out traditional middlemen and gatekeepers, letting users transact directly and have a greater stake in the programs they use.

Crypto prices remained sluggish on Wednesday as Fed's hawkish stance and economic woes continued to spook crypto investors. Barring Bitcoin, Terra and Solana, all other seven out of top-10 digital tokens were trading lower during the early trade. Cardano dropped 6 per cent, thanks to the profit booking in the counter. Bitcoin was holding above the $42,000 mark although Ethereum slipped below $3,200 levels. The global crypto market cap dropped about a per cent lower to $2 trillion compared to the last day. The total crypto market volumes were flat, almost unchanged at $77.46 billion.

Mumbai: Indian cryptocurrency exchanges are weighing updates to their self-regulatory code of conduct to avoid run-ins with regulators. The move comes amid heightened scrutiny of the sector from regulatory bodies, including the income tax department, enforcement directorate, and others. ET reported on Monday that the government may delay tabling the Cryptocurrency Bill in the upcoming budget session of Parliament as it wants to hold more discussions and build consensus on a regulatory framework for the nascent sector.

bitcoin heads into 2022, a growing cohort of long-term investors is doubling down on its stashes of the cryptocurrency, hoping a December dip was merely a festive blip. Some industry watchers point to the underlying stability of such long-term investments as potentially promising indicators for the capricious cryptocurrency. Since last July, for example, the amount of bitcoin held in digital wallets with no outflows for more than five months has been steadily increasing, according to digital currency brokerage Genesis Trading.

Crypto prices dipped on Tuesday, following a national holiday in the US, and showed few signs of reversing any time soon. Barring Cardano, all other altcoins fell in tandem with the numero uno digital token.Bitcoin was holding above the $42,000 mark whereas Ethereum slipped below $3,200 levels. The trading volumes remained tepid during the early trade. Trading was light as investors looked for signs that Bitcoin's downward spiral has reached an endpoint. Barring Cardano and dollar-pegged Tether, all other eight out of top-10 digital tokens were trading lower during the early trade on Tuesday. Cardano zoomed over 7 per cent although Terra tanked over 10 per cent.

In March 2021, a 1961 oil painting by VS Gaitonde sold for over $5 million — making it the most expensive Indian art ever sold. In the same month, auction house Christie's sold a digital work of art for the first time for $69 million. It not only set a record but also made a blockchain application called NFT instantly popular. NFTs, or non-fungible tokens, are unique digital items stored on a blockchain, the same network that runs cryptocurrencies. Anything digital — images, videos, music, even the online version of this article — can be converted into an NFT and monetised. NFTs are not the digital art but instead certificates of authenticity, and most use the blockchain of ethereum, the second-biggest cryptocurrency. Just like crypto, trading of NFTs too has no legal backing yet. The lack of regulation also means that it is prone to price manipulation. Increased use of the internet and a surge in interest in crypto has driven NFTs' popularity. «Many consumers who had put money in crypto were introduced to NFTs as a new medium of investment. NFTs also gained popularity when celebrities like Twitter co-founder Jack Dorsey, Paris Hilton, and Snoop Dogg sold NFTs,» said Sumit Ghosh, CEO & co-founder of Chingari, the NFT marketplace that was launched by Salman Khan in October 2021. Presented ByDid you Know?Producer, direc

Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks. Singapore is a popular location for cryptocurrency companies due to a comparatively clear regulatory and operating environment and is among the forerunners globally in developing a formal licensing framework. But the city-state's authorities have repeatedly warned that trading in digital payment tokens (DPT), or cryptocurrency, is highly risky and not suitable for the general public, as they are subject to sharp speculative swings.

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.

Bitecoin has zoomed 8,57,63,221 per cent over the past one week, implying that the currency has turned an investment of Rs 1,000 into a mind boggling Rs 85.76 crore in just a week, suggests the data from Coinmarketcap. The penny token has witnessed a surprising rally of 19,650 per cent in the last one day as it zoomed to $0.0006462 from $0.000003271 in the last 24 hours time range. This token commands a market capitalisation of more than $3 billion. However, the volumes of token have dropped about 21 per cent. However, the volumes have remained a little more than $125,000.

Bitcoin was the first cryptocurrency to hit the market in 2009. After that, several cryptocurrencies were launched including Bitcoin Cash, Ripple (XRP), Litecoin, etc. As per an estimate, more than 8,000 cryptocurrencies exist as of January 2022. As per a recent study by Nasscom and WazirX, India's cryptocurrency market has seen exponential growth over the past few years. It is expected that the investment by Indians in cryptocurrency could touch $241 million by 2030. Currently, India has the highest number of crypto owners globally. At present, no legislation governs, regulates, or prohibits dealing in cryptocurrencies in India. Therefore, it is not illegal to sell, purchase, deal or mine cryptocurrencies or set up a cryptocurrency exchange in India. However, considering the risks associated with investment in cryptocurrencies, there was speculation that a bill, set to be introduced in the Winter Session of Parliament, may either ban or regulate cryptocurrencies. However, the bill was not introduced, and it is now expected that the government may take up this bill in the Budget Session. If the government does not prohibit Indians from dealing in cryptocurrencies, the government could introduce a regressive tax regime for cryptocurrencies.

New Delhi: The Centre is unlikely to introduce the much-awaited cryptocurrency bill in the upcoming budget session of Parliament as it wants to hold more discussions and build consensus on the regulatory framework. The government also wants to wait for the pilot launch of the Reserve Bank of India’s digital currency expected in a few months. While the Centre is keen on the bill, it is looking to hold more discussions with stakeholders to firm up a view on the policy, according to officials with knowledge of the matter. “The crypto bill may not be introduced in the budget session. It is a complex subject. This will require more time,” a senior finance ministry official told ET.

Bitcoin for purchases, according to BitPay Inc., one of the biggest crypto payments processors in the world. Last year, Bitcoin’s use at merchants that use BitPay dropped to about 65% of processed payments, down from 92% in 2020, the company told Bloomberg. Ether purchases accounted for 15% of the total, stablecoins were 13% and new coins added to BitPay in 2021 — Dogecoin, Shiba Inu and Litecoin — accounted for 3%. The alternative coins’ use surged partly as more businesses have begun using stablecoins for cross-border payments. Consumers also tend to move to stablecoins — whose value is supposed to stay steady — when crypto prices drop, and they’ve been falling since early November. Coins like Doge also made a splash last year, thanks to fans like Tesla Inc. Chief Executive Elon Musk, who on Friday said the token can be used to buy the company’s merchandise.

crypto bill has taken a back seat. That said, it is highly unlikely that the crypto industry will go unnoticed by the Finance Ministry. Domestic exchanges have some major demands they wish to be acknowledged by the government. Majority of exchanges have demanded clarity about the taxation over the income earned from the crypto assets and GST rules implemented on the trading platforms to ease the operations for all the parties involved.

Barring Solana and Polkadot, all other eight out of the top-10 digital tokens were trading with a positive bias during the early trade on Monday. Cardano, meanwhile, zoomed over 12 per cent to become the fifth largest token by market cap. The global crypto market cap was largely unchanged at $2.07 trillion compared to the last day. However, the total crypto market volume increased by 5 per cent to $64.30 billion.

Crypto assets or the cryptocurrencies are not new terms for the masses nowadays. However, one common mistake often made by investors is calling a crypto coin a crypto token or vice-versa. At a fundamental level, both crypto coins and tokens are alike but they are two different things — all coins are tokens, but not all tokens are considered coins. Interestingly, a lot of users do not know even if they are buying crypto tokens or crypto coins. At the basic level, the key difference between the two is merely based on their utility.

Kazakhstan may no longer be the bitcoin sanctuary it once was, according to some big miners who are looking to leave the global crypto hub following internet shutdowns last week that compounded fears about tightening regulation. The government web shutdowns during an explosion of unrest in the country, the world's second-largest centre for mining, caused bitcoin's global computing power to drop around 13% as data centres used to produce the cryptocurrency were knocked offline. Alan Dorjiyev of the National Association of Blockchain and Data Center Industry in Kazakhstan, which represents 80% of legal mining companies in the country, said most crypto producers were now back online.

Mumbai: Producer, director, actor and politician Kamal Haasan is set to become the first Indian celebrity to have his own digital avatar in a metaverse. Haasan, who turned 67 on Sunday, announced his entry into the digital space, with the launch of collectables or NFTs (non-fungible tokens) and plans for his museum in an upcoming metaverse game from Fantico, an Indian licensed digital collectables platform.