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US investors gained $4.1 billion in bitcoin profits last year - nearly four times more than the Chinese, said Chainalysis. This, despite the Asian superpower
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Synopsis
Crypto exchanges like CoinSwitch Kuber have been key in supporting the government and helping investors join the bandwagon by self-regulating and obliging a thorough KYC check for all their investors.
ET Spotlight
Crypto in India is currently booming, the market has been thriving, and retail investors are adding to the fire with their enthusiasm. India has been estimated to have over
10M + crypto investors, and this number is snowballing every day.
While a significant number of Indians are wholeheartedly affirming cryptocurrencies, one piece of misinformation is holding back many more millions. People confuse the unregulated aspect of cryptocurrencies with being illegal.
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A 33-year-old Dogecoin investor says he became a millionaire in 2 months after Elon Musk inspired him to pile into the meme currency
A 33-year-old Dogecoin investor says he became a millionaire in 2 months after Elon Musk inspired him to pile into the meme currency
Shalini NagarajanApr 26, 2021, 21:12 IST
Glauber Contessoto.THE DOGECOIN MILLIONAIRE/YouTube
A
He said
Glauber Contessoto, of Los Angeles, posted a screenshot of his Robinhood balance on Reddit.
Glauber Contessoto, a 33-year-old Los Angeles resident, claims to have become a Dogecoin millionaire on April 15.
He said he invested over $180,000 into Dogecoin when its price was about $0.045 cents, on February 5. He detailed his reasons for buying the meme currency in a YouTube video and posted on the Dogecoin subreddit two months later about his new millionaire status.