New Delhi Financial News

10.09 / 21:47

G20 Military New Delhi plane Trudeau’s plane grounded in India by technical issues following G20 summit

Prime Minister Justin Trudeau’s return to Canada from the G20 summit in India has been delayed by problems with his plane.

11.09 / 09:49

CBDC RBI Reserve Bank of India New Delhi RBI mulls pilot project for its digital currency; Will CDBC create an enigma for stable coins?

Reserve Bank of India (RBI) said that the central bank will launch its digital currency as a pilot project this year. Addressing the India Ideas Summit, Sankar said that Central Bank Digital Currency (CBDC) is the most efficient system for cross-border payments. Though, it reiterated that RBI aims to give viable alternatives and not going for a cashless society. Finance Minister Nirmala Sitharaman had announced the launch of CBDC during her union budget speech, which was tabled earlier this year. Pratik Gauri, Co-founder & CEO, 5ire said that as cautious as the government has been about both VAs and digital currency, it is a novel step to be taken by a central bank.

28.06 / 06:11

Federal Reserve International Monetary Fund New Delhi Crypto m-cap hits $1 trillion again. Is the winter over?

crypto market to revisit the $1 trillion market capitalization on Monday, data suggested. Bitcoin (BTC) was comfortably holding around the $21,500 mark on Monday. The crypto behemoth rose about 4 per cent in the last 24 hours to scale $21,780 levels, according to the data from coingecko. The total market capitalization of Bitcoin surged to over $407 billion, with a dominance close to 41 per cent. Bitcoins worth more than $16.5 billion exchanging hands in the last 24 hours.

13.06 / 20:37

Bitcoin Crash BuyUcoin New Delhi Bitcoin, Ethereum crash over 70% from peaks; crypto investors lose over $2 trillion in 8 months

If we compare the notional value lost, only eight countries have a GDP more than what the crypto market eroded in less than three quarters. Countries like Canada and Italy have a GDP of little more than $2 trillion, whereas Brazil's GDP stood at $1.83 trillion. The total market capitalization (m-cap) of the digital market is marginally above the $1 trillion mark, which was more than $3 trillion at its peak in November 2021.

31.05 / 04:41

New Delhi Terra Luna New Luna, Old Story: Terra's new token wipes out 70% wealth in less than 48 hours

Terra were bruised badly as the newly issued Luna token promptly plunged. The Luna 2.0 tokens issued over the weekend saw a knee-jerk reaction. According to Coinmarketcap data, the tokens were issued at $17.8 and eventually zoomed to $19.53 on May 28. However, in less than 48 hours, it nosedived over 70 per cent to Rs $5.45 on Monday. A key element of Terra's revival plan was to deliver new Luna tokens to holders of the project's now vastly depreciated UST stablecoins as well as to holders of the older, existing Luna tokens.

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