Why Bitcoin might fail sooner or later
Every day we hear stories of people using Bitcoin to purchase more and more expensive items. In May 2010, two pizzas was purchased for 10,000 Bitcoins. In December 2013 a $103,000 Tesla was bought...
Tagged: Bitcoin
Notice issued to WazirX and its directors for alleged money laundering transactions
A show-cause notice has been issued by Directorate of Enforcement (ED) to cryptocurrency exchange WazirX, and its directors Nischal Shetty and Sameer Hanuman Mhatre. The notice has been issued under Foreign Exchange Management Act,...
El Salvador adopts Bitcoin as legal tender
After touching a record low in the last three weeks, Bitcoin price jumped above $36,000 on Thursday morning. The world’s largest cryptocurrency climbed 13.60% to $37,182.49 at 0720 hours IST on June 10. The cryptocurrency surged on Thursday...
‘Insider’ had predicted crypto slump
An anonymous user apparently predicted yesterday’s massive sell-off on the crypto market. He also states that it was an organized China-related campaign aimed at a single “stakeholder” This was half a day before the...
Turkey bans Bitcoin, Bitcoin price falls more than 4%
Bitcoin tumbled more than 4 percent on Friday after Turkey’s central bank banned the use of cryptocurrencies and crypto assets for purchases citing possible “irreparable” damage and transaction risks. In legislation published in the Official...
Tesla invests $1.5 billion in Bitcoin: Bitcoin hits all-time high
Electric vehicle manufacturer, Tesla invested $1.5 billion in the popular cryptocurrency, Bitcoin. Tesla had disclosed in a regulatory filing regarding its investment in Bitcoin. Prices of Bitcoin jumped by almost 15%, rising to $44,000...
Tesla and Bitcoin – Half or Double?
Both electric vehicle manufacturer, Tesla and Bitcoin have given massive returns to investors off late. Tesla’s shares have soared in 2020, having given a 700% gain. Shares of Tesla were inducted into the S&P...
Government considers imposing 18% GST on Bitcoin trade
Bitcoin has had a stellar run this year, after recently scaling the $20,000 summit. It is now trading at $26,500 after having hit an all-time high of $28,000. Seeing this growth, the government too wants a piece of the action and is mulling over imposing 18% GST on Bitcoin trade. This move is a U-turn from the government’s previous stance where it had declared Bitcoin as being illegal. Imposing a tax on cryptocurrencies would legitimize all transactions and increase the acceptance and usage of cryptocurrencies.
How to asset allocate?
The burning question on everybody’s lips during the pandemic is “How to asset-allocate to ensure a bright future?”. Many have seen their wealth erode by being too “equity-heavy” or have seen inflation eat away...
Tesla inducted into S&P 500
The electric vehicle maker Tesla was inducted into the S&P 500 on Monday, and immediately slumped by almost 5% within half an hour of the market opening as the news of a new coronavirus strain emanating from the UK started making rounds.Tesla shares have rocketed by almost 80% since the beginning of November and by more than 700% since the beginning of the year.
