Bitcoin’s Moment
Bitcoin’s climb past the $100,000 mark is a watershed moment in the evolution of crypto-currencies, symbolising their growing acceptance as a legitimate asset class.
Bitcoin’s climb past the $100,000 mark is a watershed moment in the evolution of crypto-currencies, symbolising their growing acceptance as a legitimate asset class.
Christopher Wood, global head of equity strategy at Jefferies, plans to book profit in bitcoin once it hits the USD 1,50,000 mark, up nearly 53% from the current levels of USD 98,300 levels.
After a row erupted over an alleged "bitcoin scam" linked to the Maharashtra Assembly elections, BJP leader Vinod Tawde said that the Election Commission of India (ECI) should also take immediate action against the Maha Vikas Aghadi (MVA) leaders Supriya Sule and Nana Patole "on the basis of viral audio and chat."
On Monday, as of 10:21 a.m. in London, Bitcoin extended gains to hit an unprecedented $82,300 while on Sunday, the largest token climbed as much as 6.1%.
About 85 per cent of the world’s cryptocurrencies are worth less than one cent, according to a report on Monday.
The Directorate of Enforcement (ED) has frozen Bitcoins equivalent to worth Rs 12.83 crore under the provisions of the Prevention of Money Laundering Act (PMLA) after an investigation being conducted against one Aamir Khan and others relating to the mobile gaming application -- E-nuggets.
A report has revealed that more than half of all Bitcoin, the world's largest cryptocurrency, daily trading volumes are reportedly fake. It dipped below $20,000 on Saturday.
The world's largest cryptocurrency further tanked 7 percent over fears of risk-off sentiment due to a sharp rise in inflation globally, especially in the US.
The ace investor said Bitcoin is not a productive asset and doesn't produce anything tangible.
The use of such currency by China in some specific cities and the recent budget outline of India have given further importance to it.
