The price of the digital currency has surged more than 80% so far this year. A single bitcoin currently costs around $ 55,000 and there are about 18.6 million of them in circulation.
Jack Dorsey is partnering rapper Jay-Z to fund the trust with an initial investment of 500 Bitcoins (around Rs 170 crore). Trust seeks to make bitcoin 'internet’s currency’.
A bill to ban private cryptocurrency will soon be sent for cabinet approval. However, it will also enable the issuance of a digital currency by the RBI.
Tesla founder's page on Twitter simply said #bitcoin with no further explanation, but speculation that he might be a Bitcoin investor was enough to set off a dramatic rally.
The non-virtual side of Bitcoin buying gets far less attention even as its annual power consumption is estimated at around 77.8 terawatt-hours, up from 9.6 terawatt-hours in 2017
Until its recent initial public offering, the moneyed folk who would never deign to set foot in an Airbnb Inc. property could buy in, whereas a younger, regular user could not.
Bitcoin prices have tumbled 14% this week, marking the steepest decline since March. Commentators have cautioned that a sustained drop below $30,000 could presage further losses.
Bitcoin slid as much as 21% over Sunday and Monday to as low as $32,389. That’s the biggest two-day slide since global markets were first roiled by the pandemic last year.
Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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