Monthly Archives: January 2022

Cryptos face mounting pressure; lack of policy clarity remains a

The past two months have seen a spectacular bear market in cryptocurrencies. This comes after a long bull run, which multiplied cryptocurrency market value, pulled in new investors, and led to serious investment houses setting up crypto indices and advising portfolio exposure to digital currencies. The value of cryptocurrencies.peaked early-mid November 2021. Since then, most…

Govt to take balanced view on cryptocurrency, says PEA Sanjeev Sa

The government will take a balanced view on the issue of regulation of cryptocurrencies as they have implications on the country’s financial stability, Principal Economic Adviser Sanjeev Sanyal said on Monday. Currently, there are no particular regulations or any ban on use of cryptocurrency in the country. The issue of cryptocurrency has not been covered…

What Is the Future for Cryptocurrency?

The last 18 months or so have transformed the cryptocurrency world and it has grown faster than ever before. Due to the pandemic, more and more people have ventured into crypto trading for the first time and prices of certain cryptocurrencies from Ethereum to Floki Inu have inflated drastically. But what does the future of…

Facebook’s embattled crypto project may be coming to an end

The controversial cryptocurrency project that Mark Zuckerberg once defended in front of Congress is unraveling after regulatory pressure. The Diem Association, a cryptocurrency initiative once known as Libra backed by Meta Platforms, is weighing a sale of its assets as a way to return capital to its investor members, according to people familiar with the…

Meta winding up its ambitious cryptocurrency project: Report

Facing regulatory hurdles, Meta (formerly Facebook) is reportedly winding up its ambitious yet controversial cryptocurrency project that its CEO Mark Zuckerberg once defended in front of the US Congress. Originally launched as Libra and later renamed as the Diem Association, the cryptocurrency initiative “is weighing a sale of its assets as a way to return…

Indian mythology makes it to NFT space with MetaMasters launch

World’s largest cryptocurrency exchange Binance on Monday launched its first ever Indian NFT collection inspired by Indian mythology and Southeast Asian, Japanese and Chinese folklore. The Indian NFT Collection, MetaMasters, whose unique selling proposition is bringing good fortune ‘888 times more money, wealth & profits for its collectors’ will be available for the 30 million…