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CHINA BANS CRYPTO
We all must have heard that China has banned crypto transactions. Why did they do this, and what are the implications? China is among the largest crypto markets in the world and any changes there have magnified effect on global crypto prices. The move is part of larger Chinese crackdown on what it believes to be ‘a volatile speculative investment at best and a way to launder money at worst’, as…
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Crypto craze catches on in small cities
Crypto craze catches on in small cities
Mumbai: Nirav Vyas, who works in a small accounting firm, now spends hours glued to a screen, closely tracking prices of bitcoin, ethereum, solana, cardano and dogecoin. “I have nearly doubled my crypto investments in the last two months. It is the best advice any friend ever offered to me,” says the 28-year-old resident of Ahmedabad. About 1,200 km away, Yashika has started designing…
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WHY YOU AREN'T MISSING OUT BY NOT INVESTING IN CRYPTO?
WHY YOU AREN’T MISSING OUT BY NOT INVESTING IN CRYPTO?
“Have fun staying poor” is a line oft-quoted by crypto investors to people who haven’t invested in cryptocurrencies. However, this is not the first time in recent history that such investors in bubbles have been known to flamboyantly be confident of the success in their investments. In 1999, any and all internet-related companies were the hype. Riding this wave, fund managers like Alberto Vilar…
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WHAT WILL HAPPEN WHEN ALL THE BITCOINS ARE MINED?
Bitcoin mining is the process of verifying and adding new bitcoin transactions to the Bitcoin Blockchain. New bitcoins are also created by the mining process. It involves solving complex mathematical Problems using high powered computers. Bitcoin miners are rewarded with new bitcoins for every block they mine. Currently, a miner receives 6.25 bitcoins for every block they add to the blockchain.…
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IF BITCOIN IS NOT LEGALISED BY THE GOVERNMENT, HOW IT CAN BE USED AS CURRENCY?
Money in itself has no actual value, it’s only considered valuable because it can buy things and us recognised by some national or international body. But even if no government or official body recognises a currency it could still be extremely valuable and can act as a medium of exchange. A currency doesn’t necessarily require recognition from some official body, it only needs two things, First:…
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HORSE RACING HAS GONE VIRTUAL AND IS A NEW CRYPTO CRAZE!!
In a crossover that can be described as an advanced version of an Animal Crossing or videogame fantasy of crypto-enthusiasts, digital horse racing is booming – with the horses being NFTs. Zed Run, a digital horse racing platform, organises several events that take place every hour, daily! Owners pay an entry fee between $2 and $15 to race their horses against competitors for money. The horses…
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