About 85 pc of world’s cryptocurrencies are not even worth a cent: Report
About 85 per cent of the world’s cryptocurrencies are worth less than one cent, according to a report on Monday.
About 85 per cent of the world’s cryptocurrencies are worth less than one cent, according to a report on Monday.
New-tech companies, particularly those in their growth phases, frequently report sustained losses and may have negative earnings for extended periods, yet they can still command staggering market valuations.
North Korea appears to be diversifying its cybercrimes to offset the declining value of cryptocurrencies it steals to fund its nuclear and missile programmes.
In the ever-evolving landscape of finance and technology, cryptocurrencies have emerged as a disruptive force. The IMF emphasises the importance…
Finance Minister Nirmala Sitharaman said that cryptocurrencies are a very important part of the discussion under India's G20 presidency.
"In view of the concerns expressed by RBI on the destabilising effect of cryptocurrencies on the monetary and fiscal stability of a country, RBI has recommended framing of legislation on this sector. RBI is of the view that cryptocurrencies should be prohibited,"
New Jersey’s main state pension fund appears from SEC filings to have started investing in some crypto-related stocks in the second quarter of 2021.
"At the same time, high levels of global debt, monetary policy tightening, risks associated with the cryptocurrency ecosystem and climate-related risks and more recently, geopolitical conflict posed threats to global financial stability."
Gucci is the latest big name to announce that it will take cryptocurrency as payment.
In India, the upcoming Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to prohibit all private cryptocurrencies in India.
