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Bitcoin Vs Dollar Rate: Cryptocurrency Bitcoin Market Capitalisation Hits $1 Trillion, Soars To All-Time High Record Crossing $57,000

Bitcoin Vs Dollar Rate: Bitcoin was last up up 8.75 per cent at $57,107.2.
Cryptocurrency bitcoin hit a market capitalization of $1 trillion as it surged to achieve yet another record high of $56,399.99 on Friday, February 19, continuing its bull stint fuelled by gaining further acceptance from mainstream investors and corporate majors. The world s most popular cryptocurrency surged to an all-time high, crossing the $57,000 mark on Saturday, posting a weekly gain of 18 per cent. It has surged nearly 70 per cent so far this month and was last up 8.75 per cent at $57,107.2. The digital currency countered analyst warnings that it is an economic side show and a poor hedge against a fall in stock prices. ....

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High court relief for duo who set up Bitcoin ATM

BENGALURU: Over two years after being booked for setting up a Bitcoin ATM in violation of RBI norms in a Bengaluru mall, co-founders of cryptocurrency exchange Unocoin, B V Harish and Sathvik Vishwanath, finally have something to cheer.
Unocoin said the Karnataka high court has dismissed the long-pending FIR against the firm. Unocoin had set up a kiosk in 2018 to allow customers to deposit money to or withdraw money from their Unocoin accounts. On the grounds that they had not been granted the necessary approvals for setting up the kiosk, the local police had detained Unocoin’s co-founders.
Following a Supreme Court decision, the Karnataka HC quashed the FIR registered against them by the cybercrime police. Last year, the SC in the Internet and Mobile Association of India case set aside the RBI’s April 2018 circular banning financial services companies from trading in virtual or cryptocurrency. Citing the same, Harish and Vishwanath had challenged the FIR. ....

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Digital Currency In India: After Bitcoin Crosses $50,000 Mark, What Is The Status Of Cryptocurrencies In India; What Experts Say

Reserve Bank of India said that it is working on a digital version of the rupee
Digital Currency in India: The government revealed in its budget session that it plans to introduce a new bill on cryptocurrencies, namely the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, which will ban all private cryptocurrencies such as bitcoin and put in place a framework for an official digital currency to be issued by the Reserve Bank of India, according to a legislative agenda listed by the government. Finance Minister Nirmala Sitharaman said in the Rajya Sabha on February 9 that a high-level Inter-Ministerial Committee constituted under the Chairmanship of Secretary (Economic Affairs) will study the issues related to virtual currencies. ( ....

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Bitcoin Vs Dollar Rate: Cryptocurrency Bitcoin Creates History, Breaches $50,000 Mark In All-Time High, Continues Bull Run After Tesla's Investment

Bitcoin Vs Dollar Rate: The cryptocurrency achieved a historic milestone, smashing the $50,00 mark
Bitcoin Vs Dollar: Achieving a historic milestone, cryptocurrency bitcoin hit an all-time high record, breaching the $50,000 mark on Tuesday, February 16, continuing its broader bull run after Elon Musk s electric vehicle company Tesla Inc announced a $1.5 billion investment in the world s most famous cryptocurrency. Bitcoin hit an all-time high record of $50,602, amid its dizzying rally mostly fuelled by big investors who are beginning to take digital assets seriously. The digital currency has gained almost 72 per cent this year and Tesla s investment has proved to be a big stride towards mainstream acceptance for the cryptocurrency. ....

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