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Major banks, including ICICI Bank, have cut off crypto exchanges for about a month and have directed payment gateways to stop services to merchants involved in crypto trades
When Vitalik Buterin, one of the creators of the cryptocurrency Ethereum, donated more than 50 trillion Shiba Inu coins ($1 billion) into an aid fund for Covid-ravaged India, it raised more concern than relief in the crypto-wary nation. Not only did the contribution -- more than 5% of total Shiba Inu coins in circulation -- send prices plummeting by 50%, it also created questions about how to use the currency in a country that strictly monitors foreign inflows and where the central bank has voiced “major concerns” about cryptocurrency in general, forget about a memecoin. Ethereum Found...
Here’s a $80b joke too serious to laugh off now SECTIONS Share Synopsis Unlike other cryptocurrencies that are either in limited circulation – making them a storehouse of value - or have use cases like smart contracts, Doge’s use cases have been limited to tipping on Twitter and Reddit for quality content. ETtech Named after a meme of the Japanese dog breed Shiba Inu and with supporters including Tesla's Elon Musk, the cryptocurrency has risen over 10X in the last three months, with its market cap standing at almost $80 billion on Thursday. Indian cryptocurrency exchanges are now witnes...
Dogecoin mania reaches Indian crypto exchanges SECTIONS Share ETtech Named after a meme of the Japanese dog breed Shiba Inu and with supporters including Tesla's Elon Musk, the cryptocurrency has risen over 10X in the last three months, with its market cap standing at almost $80 billion on Thursday. Liking this story? SUBSCRIBE We'll soon meet in your inbox. Please wait... Indian cryptocurrency exchanges are now witnessing record-breaking trading volumes of Dogecoin, causing massive surge in traffic on these platforms. On Wednesday, Binance-owned WazirX’s Doge/INR trading slowed its system ...
2800% returns YTD! What's happening with Dogecoin? "Dogecoin is a community driven cryptocurrency at the moment and the value is being determined by power and influence on social media by influencers," says Monark Modi, Founder and CEO, Bitex Dogecoin breaches 10 cents for the first time ever For the second consecutive day, Bitcoin has breached its all-time high. On Wednesday, the world's largest crypto currency crossed US$ 64,000 level for the first time. Following suit, Dogecoin, which originally started as an internet parody over seven years ago surged 85 per cent in a day. The meme coin ...