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Recent Crypto funding surge set to transform the Altcoin market in 2024; 5 top Cryptos to watch
Cryptocurrency startup funding surged by 40.3% to $2.4 billion in Q1 2024, while global venture capital investments hit a five-year low. Bitcoin price soared to $73,803 after BlackRock and Fidelity approved bitcoin spot ETFs.
Unveiling the true value of cryptocurrencies: Key insights from Parth Chaturvedi of CoinSwitch Ventures
In a realm as dynamic as cryptocurrency, deciphering the factors that underpin the value of digital assets can feel akin to solving a cryptic puzzle. Parth Chaturvedi, Head of Investments at CoinSwitch Ventures, recently led an illuminating session designed to demystify the essence of crypto asset value.
Quirky tales from '57 polls: Voter offering prayers to ballot box; candidate filing paper as 'Christ'
During the 1957 elections, a voter in Madras chose to vote only for Sukumar Sen, the first CEC, amidst election propaganda harassment. Unusual incidents added humor to the serious event.
Binance tightens token-listing process as regulators keep close watch
Crypto projects seeking to list tokens on Binance must now agree to a significantly longer so-called “cliff period” during which no coins can be sold, set aside more coins for market makers and make a security deposit, said people with knowledge of the matter, who asked not to be identified discussing confidential information
Binance tightens token-listing process as regulators keep close watch
Crypto projects seeking to list tokens on Binance must now agree to a significantly longer so-called “cliff period” during which no coins can be sold, set aside more coins for market makers and make a security deposit, said people with knowledge of the matter, who asked not to be identified discussing confidential information. The changes started taking effect late last year, the people said.
Reddit’s long, rocky road to an initial public offering
This week, as Reddit began a roadshow to appeal to potential investors, the hurdles it faced were apparent. The company said it was aiming to raise up to $748 million in its offering, selling about 22 million shares at $31 to $34 each, according to a filing. That would put its valuation at around $6.4 billion, below the $10 billion valuation it fetched in 2021 during a private round of financing.
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Over 300 detained in Russia as country mourns the death of Alexei Navalny, Putin's fiercest foe
Over 300 people were detained in Russia while honoring opposition leader Alexei Navalny, who died in prison. World leaders, including US President Joe Biden, blame Putin for Navalny's death, calling it a reflection of his character. Navalny's widow made a dramatic appearance at the Munich Security Conference, holding Putin and his government responsible. Protests worldwide demand justice for Navalny, with demonstrations in Berlin and Bucharest and a petition in Finland to rename a park in his honor.
How Karpoori Thakur and Mohan Yadav can be BJP's two aces against Nitish & Co's caste politics
BJP's strategic elevation of Mohan Yadav as Madhya Pradesh CM and Bharat Ratna to Karpoori Thakur can counter Nitish Kumar's caste politics masterstroke in Bihar, particularly with Thakur's historical influence over the CM and other leaders. Thakur's Bharat Ratna is viewed as a key strategy to align with Extremely Backward Classes, particularly at a time when the opposition advocates for a nationwide caste census.
Scott Pilgrim Takes Off' Epic Time-Twisting Finale; Ending explained
Scott Pilgrim Takes Off has the viewers in the knot by its unexpected ending. Know the who, what, why, the unexpected character arcs, and the burning questions behind the time-twisting finale that has fans buzzing.
Independence Day: How India & Pakistan divided money, assets, a buggy and a trombone
India and Pakistan were divided 76 years ago, but there remain outstanding financial claims between the two nations due to asset division. When the British Empire divided the countries, Lord Radcliffe drew the lines on a map but the division of assets was a much more difficult negotiation. Assets ranged from moveable ones, such as office furniture and lightbulbs, to personnel, with government departments, defence forces and the central bank requiring careful division. Even today, both countries still claim the other owes them money, stemming from disagreements over payment of outstanding balances.
AI-generated image showcases 'good ending' pics of Elon Musk and Mark Zuckerberg amidst rivalry
Responding to the now-viral post, Elon Musk humorously expressed his amusement by adding a laughing emoji. Social media users were quick to join the conversation, proposing various lighthearted and imaginative comments. One user suggested, "They should actually do a photoshoot together like this for the memes," highlighting the comical aspect of the situation.
Crypto rues Bitcoin’s decoupling from AI-fueled tech stock gains
Bitcoin's correlation with technology stocks has weakened, as the digital asset posted a monthly slump for the first time this year, while the Nasdaq 100 added almost 8%. The 30-day correlation coefficient for Bitcoin and the tech-heavy Nasdaq 100 is at around 0.2 versus 0.8 in May 2022. Crypto investors were delighted earlier in the year when tokens surged and left equities behind. However, the split has become less favourable now, with digital-asset investors facing a bit of idiosyncratic risk as everything is no longer the same, said Peter van Dooijeweert, head of multi-asset solutions at Man Group.
'A reminder of all the wins of 75 years.' New Rs 75 coin catches Vedanta boss Anil Agarwal's attention
During the inauguration of the new Parliament building in New Delhi, Indian Prime Minister Narendra Modi released a new commemorative Rs 75 coin, which is a tribute to India's 75 years of independence.
Bitcoin jumps 3%, hits over two-week high on relief over US debt ceiling
Bitcoin surged to a more than two-week high, rising by up to 3.2% on Monday and trading at around $28,182, thanks to investors boosted by a decision to raise the US debt limit. This is the fifth day in a row that the digital currency has recorded gains, thanks to a resolution of the US debt-ceiling impasse which helped global risk appetite. However, the agreement must still be passed quickly by Congress to avoid a US default, in addition to other potential headwinds such as a recent surge in Treasury yields and US monetary tightening.
Crypto giant Binance commingled customer funds and company revenue, former insiders say
One of the sources, a person with direct knowledge of Binance's group finances, said the sums ran into billions of dollars and commingling happened almost daily in accounts the exchange held at US lender Silvergate Bank.
CoinDCX publishes proof-of-reserves report; holds over $130 million in crypto assets
Exchanges have begun to publish proof of their reserves after the FTX crash.
Top cryptocurrency prices today: Bitcoin edges lower; Terra, Binance Coin gain up to 11%
Barring Bitcoin and Polkadot, all other eight out of the top 10 digital tokens were trading higher at 9.30 IST. Terra zoomed 11 per cent while Binance Coin gained 5 per cent.
A $27 billion token loved by exiled billionaire and Steve Bannon
Himalaya Coin only appears to trade on the Himalaya Exchange. It’s not included in CoinMarketCap’s long list of global cryptocurrencies, which has become the de facto source for digital token valuations.
What does freedom mean in the time of Covid pandemic?
Your freedom to assemble has been curtailed as public spaces have been cordoned off. What are the freedoms that you have lost and what have you ended up cherishing all the more? ET asked a cross-section of people.
Ether sees record outflows in last week of June: CoinShares
Bitcoin products and funds, meanwhile, suffered a seventh straight week of outflows, totaling $1.3 million. For the year, bitcoin outflows hit about $490 million.
Does an RBI cryptocurrency need to set aside the private ecosystem?
The announcements have on the one hand led to fright and fear in the eyes of those who have been dabbling into trading of cryptocurrencies, while on the other hand, this law and the RBI announcement may be seen as the first steps toward creating a positive central bank crypto currency.
Tweet Buster: Nilesh Shah’s ‘Gold Coin’, is RIL overhyped & tips to pick right stocks
Consensus market view is the rally seen in domestic stocks last week is not sustainable.
Crypto crash is causing startups to shutter operations
ETCDEV, the startup that led development on Ethereum Classic, which is among the top 20 coins with a market capitalization of about $400 million, announced this week that it’s shuttering operations due to a funding crunch.
Meet NJ Ravi Chander, the banker who has a trove of books on bygone Bengaluru
His collection includes hundreds of postcards and over 45 books on the city’s layered past.
Kumaraswamy to face floor test today; BJP fields nominee for Speaker's post
BJP's B S Yeddyurappa, who was sworn in as the chief minister on May 17, had stepped down two days later in the face of imminent defeat without going through the motions of a floor test.
To break YouTube’s stranglehold on video, rival bets on cryptocurrencies
YouNow, which will hold onto about a quarter of the total supply of the tokens, stands to profit as the value of the coins appreciate.
These little exporters on online market places are redefining India’s e-commerce revolution
India’s ecomm scene is centred on big players like Flipkart and Snapdeal. But a growing bunch of small businesses tells an equally compelling story.
Gold monetisation scheme & gold coins with Ashok Chakra to be launched on the eve of Diwali: PM Narendra Modi
The government will also launch 'Sovereign Gold Bonds' and gold coins with Ashok Chakra, he said in his monthly radio programme 'Mann Ki Baat'.
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