Tuesday, 19 October, 2021
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A pile of coins representing Bitcoin cryptocurrency | Photo: Chris Ratcliffe | Bloomberg file photo

Bitcoin pushes toward record high before futures exchange-traded fund debut

The ProShares bitcoin-linked exchange-traded fund will trade on the NYSE. The move is the latest sign of how cryptocurrency-related investments are becoming more mainstream.

This Diwali, millennials are pulling out India’s crypto industry out of the shadows

After Supreme Court overturned the ban on banks dealing with digital currencies, the industry itself is demanding to be regulated and is lifting its profile with Bollywood's help.
A pile of coins representing Bitcoin cryptocurrency | Photo: Chris Ratcliffe | Bloomberg

India fueling one of world’s fastest-growing cryptocurrency regions

The pace of expansion in the region spanning central and southern Asia and Oceania is the strongest after the Middle East and much of Europe.
A representational image of a bitcoin

Rapid growth, increasing adoption of crypto assets pose financial stability challenges: IMF

Cryptocurrencies have encryption techniques, which are used to regulate the generation of their units and verify the transfer of funds, operating independently of a central bank.

CoinDCX becomes India’s first cryptocurrency unicorn, sees another 100+ in coming years

The funds, which co-founder Sumit Gupta plans to use to double his team in 6 months, comes as Indian policymakers debate status of digital currencies while govt is yet to take a final stance.
A refugee camp in Bangladesh

Refugee camps are micro-economies, becoming cryptocurrency hubs

The Refugee Integration Organisation is paying refugees an Unconditional Basic Income through Celo cryptocurrency, which can function without a smartphone.
Prime Minister Narendra Modi launching the digital payment solution e-RUPI, through video conferencing, in New Delhi on 2 August. | Photo: ANI

What is e-RUPI & how it could be the first step towards launching digital currency in India

These vouchers are person- and purpose-specific, meaning if they are released by the government for the purpose of vaccination, then they can be redeemed only for that. 
A technician monitors cryptocurrency mining rigs at a Bitfarms facility in Saint-Hyacinthe, Quebec, Canada | Representational image

ED probes crypto exchange Binance in betting app laundering case

Binance has been facing regulatory crackdown as nations intensify scrutiny of crypto industry amid concerns that it is being used to conceal proceeds of money laundering & terrorism.

RBI is considering ‘phased introduction’ of digital currency, plans pilot programmes

Introduction of a digital currency is expected to bring down usage of cash in the economy, while minimising damage to public from usage of private currencies.
Gold jewellery (Representational image) | Bloomberg

What ban? Even gold-obsessed Indians are pouring billions into crypto currency

The growth in India is coming from the 18-35 year old cohort. Latest World Gold Council data indicates Indian adults under age 34 have less appetite for gold than older consumers.

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YourTurn

Why Colin Powell’s death from Covid complications argues for vaccines, not against it

Powell, who was fighting multiple myeloma, needed as many people around him as possible to be vaccinated to diminish his chances of encountering the virus.
A pile of coins representing Bitcoin cryptocurrency | Photo: Chris Ratcliffe | Bloomberg file photo

Bitcoin pushes toward record high before futures exchange-traded fund debut

The ProShares bitcoin-linked exchange-traded fund will trade on the NYSE. The move is the latest sign of how cryptocurrency-related investments are becoming more mainstream.

Defence

Eastern Army Commander Lt Gen Manoj Pande. | Photo: Nirmal Poddar | ThePrint

China has ramped up troops deployment, infra along LAC but so have we — Eastern Army commander

Eastern Army Commander Lt Gen Manoj Pande says there has been a 'marginal increase' in patrolling activities in some areas along the LAC.
Illustration by Soham Sen

Mohan Bhagwat is right, China is the big threat. But his prescription to counter it is flawed

India can fight China, but it needs peace & stability at home. It can't take on Beijing while re-lighting old fires like NRC or polarising Hindus & Muslims to win elections.
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