Bitcoin price fell by 1.35 per cent in the last 24 hours, while Ethereum was down by 2.27 per cent.
Bitcoin price fell 2.01 per cent in the last 24 hours, while Dogecoin was down by 3.92 per cent. Crypto Bill is likely to get deferred, as the Centre has not yet finalized the details of its legislation.
RBI in 592nd central board meet conveyed its intentions on cryptocurrencies, and clarified that it wants a complete ban on it.
RBI governor Shaktikanta Das chaired the 592nd meeting of the central board of directors to discuss various aspects of crypto and CBDC.
Bitcoin prices rose 1.81 per cent in the last 24 hours, while Ethereum was up 4.92 per cent.
An official says that the Bill could not be rushed through as it is a new domain and international norms have to be studied in depth to align Indian norms with them.
Amidst growing concern of the Indian crypto investors regarding the Crypto Regulation Bill in India, Bank of England warns global Crypto investors to be cautious as Bitcoin may become worthless in future.
The government of India may not table Crypto Bill in the ongoing session of the Parliament, as the government plans not to rush on this issue. But they may take an ordinance route for this, NDTV reported.
The proposed cryptocurrency bill may not be introduced in Parliament’s Winter Session due to ongoing discussions. IMF raises concerns on the risky nature of cryptos. Bitcoin, Ethereum continue to trade at a premium.
Cryptocurrencies are highly risky and have the potential to create financial instability. Plus, in India, crypto payments are not as smooth as one would like to believe.
Despite making a record spike in October, Shiba Inu failed to hold the momentum as investors now increasingly look to burn their Shiba token.
The government has made it clear in the ongoing Winter Session of the Parliament that it had no plans to boost the cryptocurrency sector in India.
During the ongoing Winter Session of Parliament, the Finance Ministry mentioned that government doesn’t gather any data related to crypto and the proposed CBDC wouldn’t have volatility like private cryptocurrencies.
Mukesh Ambani, who has been a votary of Indians owning and controlling their own data, said nations have the right to build and protect strategic digital infrastructure.
Euro Shiba Inu (ESHIB), which jumped more than 25,000 per cent on December 2 to shed the gains later in the day, was up on December 3, while major coins, including Bitcoin and Ethereum, registered minor price changes.
Bitcoin (BTC) witnesses fall of over 1.18 per cent in the last 24 hours, while meme coin Samoyedcoin falls by around 13.44 over the same period at 8 am, as per coinmarketcap.com.
Experts are divided on whether or not the proposed cryptocurrency bill will affect NFTs or not. In India, the NFT marketplace is growing. The hype in cryptocurrency has also resulted in a boom for the NFT market globally.
Ethereum witnesses a rise of over 5.28 per cent in the last 24 hours, while Bitcoin falls by around 0.49 over the same period at 7:30 am, as per coinmarketcap.com.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
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