Thursday, 27 January, 2022
TopicCryptocurrency

Topic: cryptocurrency

Digital currency continues to decline wiping out over $1 trillion in market value

Bitcoin lost over 12% Friday and dropped below $36,000. Since its peak last year in November, it has lost over 45% of its value. Ether & meme coins are mired in similar drawdowns.

Waqar Zaka is Pakistan’s one-man army. He’s fighting cryptocurrency ban, Imran Khan

Waqar Zaka has threatened to hit Democracy Chowk in Islamabad to protest against the proposed ban on cryptocurrency.

RSS-linked Swadeshi Jagran Manch wants cryptocurrency banned, says it’s used by terrorists

Swadesh Jagran Manch asks RBI to launch its own digital currency, says in resolution that virtual currencies damage financial market, help evasion of taxes.

Cryptocurrency Bill might not come up in Winter Session, Modi govt ‘doesn’t want to rush it’

Finance ministry officials indicate that given its wide ramifications, government may take time to align the bill with an international framework on cryptocurrency regulations.

Why crypto is an imperfect hedge against inflation

The biggest problem is slow economic growth, not inflation. Cryptocurrency might give some protection against inflated money supply, but it doesn't create more goods and services.

Indians have two attitudes towards cryptocurrency – deep suspicion or blind hero-worship

Campus Voice is an initiative by ThePrint where young Indians get an opportunity to express their opinions on a prevalent issue.

Here’s how an organisation tried to buy the original US Constitution with cryptocurrency

A bid by crowdfunders to buy a historic copy of the US Constitution has focused attention on DAOs — a part of the new wave of digital investing.

Why do banks ban crypto trade? They lack KYC-AML checks, so it’s better to not deal at all

Banks, RazorPay, CCAvenue are doing indirectly what the RBI was prohibited from doing directly—ban crypto trade.

India has no proposal to recognise Bitcoin as currency: Nirmala Sitharaman in Parliament

Sitharaman said the Modi govt doesn't collect data on Bitcoin transactions. Centre plans to introduce cryptocurrency bill that seeks to ban all but a few private cryptocurrencies.

Modi govt must not ban cryptocurrencies. But regulation shouldn’t be slack either

The revenue generated from cryptocurrencies can be an incentive for the Modi government to allow this trade with restriction rather than ban it and lose the 'sin tax'.

On Camera

YourTurn

Covid isn’t behind us, but the world’s next big health emergency is already here

Covid has led to 5.6 million deaths, but antimicrobial resistance is likely to log 10 million deaths annually by 2050. Its treatment has led to antibiotics' overuse, which has spiked drug resistance.
An Assicurazioni Generali SpA logo sits above an entrance to their offices in Rome | Bloomberg

Italian Generali buys 25% stake worth Rs 1,250 cr in insurance JV from embattled Future Group

The stake sale, which will give Generali majority control over the JV, comes as the Future Group is locked in a prolonged legal battle with partner Amazon.

Defence

The Indian Army's Akash missiles on display during the 73rd Republic Day Parade, at Rajpath, in New Delhi | ANI

Not just 1st R-Day, 26 Jan 1950 also significant as Indian Army, Navy shed ‘Royal’ prefix

Both the ‘Royal’ prefix for the Navy and Air Force in India, as well as the absence of such a label for the Army, have their roots in British military and political history.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.
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