The U.S. is presently at the forefront of critical factors that may influence financial markets. With the much-anticipated FOMC meeting in September and the upcoming November elections, attention is focused on the U.S. These events are significant, affecting not only traditional markets but also crypto enthusiasts who are hoping for legislation that could ease regulations … Read more
World’s biggest cryptocurrency Bitcoin slid as much as 3.78 per cent to $66,817 on Tuesday reflecting trader anxiety ahead of the US inflation data release and the Federal Reserve’s monetary policy decision. Bitcoin reached a record high of $73,798 in March, boosted by inflows into dedicated US exchange-traded funds. However, it has struggled to achieve … Read more
I am living and working in the UAE for the past five years. I do cryptocurrency trading locally and I have cryptocurrency balances in my private wallet. A person in India is asking to buy Ripple and Etherium from me on a P2P basis, and the proceeds will be credited into my NRO (non-resident ordinary) … Read more
Unlike mutual funds, this particular fund is neither regulated by the Securities and Exchange Board of India, nor governed by the many rules that safeguard ordinary investors in mutual funds. The BGCI Index, which is designed to measure the performance of some of the largest cryptocurrencies including Bitcoin, Ethereum, Solana, and Polygon, has delivered 500% … Read more
In December, India’s Financial Intelligence Unit (FIU) called for blocking web addresses of a number of global crypto firms which were not registered in the country, over concerns that some of them may be misused for money-laundering. On Friday, FIU said that it has lifted Kucoin’s suspension after the exchange paid a fine of around … Read more
If you ask ChatGPT, the popular artificial intelligence (AI) chatbot, about the most feasible investing option one could explore as a high-risk investor, it promptly asks you to put your money in cryptocurrencies, among other options. Not only does it suggest investing in cryptos, but it also shares with the inquisitive user the key reason … Read more
Jumping for the fifth consecutive day, bitcoin hit $59,000 on Wednesday in the global crypto markets. And if the current rally continues, this would be maiden cryptocurrency’s substantial monthly rally since Dec 2020. In just one day, bitcoin rose 4.4 per cent reaching 59,259, its highest level since Dec 2021. At the same time, ether … Read more