Archives for cryptocurrency bitcoin
Recently, Vitalik Buterin, co-founder of Ethereum donated more than $600,000 into a fund set up to fight COVID-19 in India. All this started in the micro-blogging platform when Sandeep Nailwal, co-founder of Ethereum scaling platform called Polygon tweeted to run a COVID relief campaign in lieu of what’s going on in India and asked for…
The post Ethereum Founders Donate Relief Fund For COVID-19 In India appeared first on Analytics India Magazine.
In recent news, Tesla’s CEO, Elon Musk, went public with a tweet that hailed a first proper step in integrating cryptocurrency into our daily life. Announcing it where he could get the most traction from all the generations together, his tweet called out for interested buyers to pay for Tesla’s electric vehicles in bitcoin. But…
The post Why Bitcoin Makes It Hard To Purchase Tesla Vehicles appeared first on Analytics India Magazine.
In recent news, Tesla’s CEO, Elon Musk, went public with a tweet that hailed a first proper step in integrating cryptocurrency into our daily life. Announcing it where he could get the most traction from all the generations together, his tweet called out for interested buyers to pay for Tesla’s electric vehicles in bitcoin. But…
The post Why Bitcoin Makes It Hard To Purchase Tesla Vehicles appeared first on Analytics India Magazine.
In a recent interview with CNBC TV18, Finance Minister Nirmala Sitharaman said the government would be taking a ‘calibrated’ position on the cryptocurrency legislation. The announcement comes close on the heels of the government’s proposed bill aimed at banning all private cryptocurrencies in the country, like Bitcoin and Ethereum. However, the proposed bill drew flak…
The post Industry Reactions On India’s New Calibrated Position On Cryptocurrency appeared first on Analytics India Magazine.
Non-Fungible Tokens (NFTs) have been capturing the headlines lately, with artists like pop star Grimes and EDM producer 3LAU raking in millions of dollars from selling their works linked with these crypto tokens. NFTs entered the market in 2017 as part of ‘crypto kitties‘, a blockchain game using digital cat collectables. However, in October last…
The post NFTs – Industry Shaker Or Speculative Bubble? appeared first on Analytics India Magazine.
Cryptocurrency has been pushed into mainstream popularity over the past couple of years, with currencies like Bitcoin and Dogecoin skyrocketing in value and endorsed by figures like billionaire Elon Musk. This rise in popularity, however, comes with a set of unique complications. In early 2018, the Graphics Processing Unit (GPU) market was hit by a…
The post How The GPU Industry Is Priming For A Fattening Crypto Mining Market appeared first on Analytics India Magazine.
Cryptocurrency has been pushed into mainstream popularity over the past couple of years, with currencies like Bitcoin and Dogecoin skyrocketing in value and endorsed by figures like billionaire Elon Musk. This rise in popularity, however, comes with a set of unique complications. In early 2018, the Graphics Processing Unit (GPU) market was hit by a…
The post How The GPU Industry Is Priming For A Fattening Crypto Mining Market appeared first on Analytics India Magazine.
One of the largest independent publicly-traded business intelligence companies, MicroStrategy Incorporated has announced that the company has purchased an additional approximately 29,646 bitcoins for approximately $650.0 million in cash. According to a blog post, the purchase was done in accordance with its Treasury Reserve Policy, at an average price of approximately $21,925 per bitcoin, inclusive…
The post MicroStrategy Buys More Than $1 Billion Bitcoin In 2020 appeared first on Analytics India Magazine.
The parent company of New York Stock Exchange, Intercontinental Exchange, has raised funds from prominent investors including Boston Consulting Group, Microsoft’s M12, Pantera Capital, PayU, Goldfinch Partners and CMT Digital for its crypto trading unit called Bakkt. While global markets live in a state of disarray, as the world deals with the ongoing impact of…
The post Bakkt: NYSE’s $300 Mn Fund Amid COVID19 Proves A Paradigm Shift In Finance appeared first on Analytics India Magazine.
While many stock market pundits have doubted whether stocks and Bitcoin have any correlation at all, others have said the value of two asset classes is very much correlated during panicky moments. One event that has shocked Bitcoin investors and enthusiasts in the past week is the sudden crash of the value, in sync with…
The post Why Is Bitcoin And The Stock Market Correlated At This Moment? appeared first on Analytics India Magazine.