New Delhi: Cryptocurrency has gained prominence in recent times, with investors actively investing in digital currency. It is important to know the daily events in the cryptocurrency world. Here are some important cryptocurrency stories that might interest you:
Cryptocurrency prices on November 21: Bitcoin, Ethereum on the rise, Solana falls
Global cryptocurrency capitalization edged up to $ 2.63 trillion by 0.55% with Bitcoin, Ethereum traded in the green while Solana and Dogecoin edged down. Reportedly, Bitcoin lost around 20% in less than 15 days. Bitcoin has a dominance of 42.30%, gaining just 0.30% to trade at $ 58,997.
Crypto transactions should be recognized as an asset class, centrally regulated: RSS Body
Swadeshi Jagaran Manch, a BJP-oriented political organization, said the government should come up with new law to recognize crypto trading as an asset class and regulate it. Apparently, Ashwani Mahajan, the co-organizer of Swadeshi Jagaran Manch (SJM), suggested that the governor ensure that the data and material used for mining, processing and transaction of cryptocurrencies is limited to servers. national.
Anand Mahindra attacks fake news by saying “he hasn’t invested a single rupee in crypto”
Sharing a screenshot of fake news on Twitter, the chairman of the Mahindra Group said on November 19 that he had never invested a single rupee in cryptocurrency. An article posted on the website called blasthe Income.com stated that Mahindra in a recent interview said that his “number one money maker” is a cryptocurrency platform called Bitcoin Era.
Bitcoin drops nearly 20% in less than 14 days, should you worry?
Bitcoin has suffered an almost 11% hit over the past week and is currently trading at $ 56,868, the most popular digital coin by market value has lost almost 20% in less than 2 weeks, as reported by Bloomberg reported. The volatility is reported to be fairly steady and the corrections are not alarming. Notably, over 24 hours, Bitcoin fell almost 3%, steadily declining for the 6th continuous day.
The madness of the NFT?
An Australian software developer has created an online NFT repository known as “The NFT Bay”. This repository includes image versions of the NFTs, but not the blockchain-secured token. As reported by Coin Desk, the website holds up to 17.96 terabytes of archive copies of NFT images and has garnered around 1.2 million hits in two days.