Markets BuzzBitcoin trades above Rs 24 lakh
The cryptocurrency trades in the red today, May 24. The global cryptocurrency market capitalization stands at $1.26 trillion, down 2.05 percent from the previous day. The total volume of the crypto market in the last 24 hours is $83.88 billion, an increase of 36.09 percent. The total volume of DeFi currently stands at $9.64 billion, which is 11.49 percent of the total 24-hour crypto market. The volume of all stablecoins is now $73.66 billion, which is 87.81 percent of the total 24-hour crypto market volume. Bitcoin is currently priced at Rs 24 lakh, with a dominance of 44.20 per cent. It lost 0.41 percent during the day, according to data from CoinMarketCap.
SEBI Proposes Ban on Celebrity Promotion of Cryptocurrencies: A Look at Past endorsements
2022 has seen a sharp drop in crypto prices, highlighting the risks and uncertainties of an unregulated instrument. Furthermore, according to some media reports last week, capital markets regulator Securities and Exchange Board of India (SEBI) has proposed to the Parliamentary Standing Committee on Finance that celebrities should not be allowed to endorse cryptocurrencies. Let's take a look at some of the flashy crypto ads from your favorite celebrities in recent times. read details here
Why doesn't Bill Gates buy cryptocurrency?
Bill Gates, the billionaire co-founder of Microsoft, has expressed skepticism about cryptocurrencies on several occasions. During an "Ask Me Anything" session on Reddit earlier this week, he explained why he didn't buy them. The billionaire philanthropist said he "likes to invest in things that have valuable output". "The value of companies is based on how they make great products," he said. “The value of crypto is what one decides that someone else will pay for it, so as not to add to society like other investments.” In an interview with the Wall Street Journal in February, Bill Gates denounced cryptocurrencies. just have a look
Davos 2022 'Blockchain and Crypto Can Make the New Internet': CoinSwitch CEO Ashish Singhal
Startups are trying to create a regulatory regime to guide a global framework for crypto and blockchain, said Ashish Singhal, CEO of CoinSwitch, in an interview with Moneycontrol at the World Economic Forum in Davos on May 22. The founding of CoinSwitch also said that blockchain and crypto could form the new internet in the future. “India is contributing a lot to the global startup ecosystem. I hope that many more unicorns will develop from India and the next Google, Facebook from India will be built on blockchain”, he said. Singhal believes that challenging and exciting times are ahead for startups in India.
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