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Cryptocurrencies Hit Rs 75,000 Crore in India

cryptocurrency

Indians are investing in digital tokens in greater numbers than ever before, with cryptocurrency exchanges setting several milestones in terms of both the number of investors and the amount of money invested. According to crypto research and intelligence firm CREBACO, Indians' investment in cryptocurrencies has climbed to over Rs 75,000 crore ($10 billion) from $923 million in April last...

Bitcoin Falls Back Below $60,000 for First Time

Bitcoin

Bitcoin plunged below $60,000 for the first time since November 1, and ether, a cryptocurrency, also plummeted. Bitcoin, which set a new all-time high of $69,000 last week, plummeted to $58,600, its lowest level in 19 days, and was down approximately 7% on the day. It is now down 14% from its previous high. Meanwhile, Ether, the world's second-largest cryptocurrency,...

Everything You Need to Know about Flipkart Big Billion Day

Flipkart Big Billion Day

For Plus members, the Flipkart Big Billion Days 2021 sale will begin at midnight tonight. The major festive season sale on Flipkart will begin on October 3 and will last until October 10. The Big Billion Days 2021 sale on Flipkart offers deep discounts on a wide range of smartphones, laptops, televisions, and other devices. Flipkart will also run...

Bitcoin Mining Generates a Lot of Garbage

Bitcoin

According to studies, bitcoin mining generates an amount of electronic garbage (e-waste) each year that is similar to the small IT equipment waste generated in the Netherlands. Alex de Vries and Christian Stoll predict that cryptocurrency miners generate 30,700 tonnes of e-waste per year. According to them, each transaction weighs an average of 272g (9.5oz). An iPhone 13 weighs 173g in...

South Korea fines Google

South Korea fines Google

The South Korean antitrust authority, the Korea Fair Trade Commission (KFTC), stated on Tuesday that it had chosen to fine Google $176.8 million (approximately Rs 1338 crore). The tech giant has been penalised by the authorities for allegedly abusing its market dominance in the mobile operating system and app sectors. Since 2016, the KFTC has been looking into the charges...