India’s Finance Minister has said the upcoming digital currency bill will aim to protect investors from the volatility in digital currency markets, in the latest commentary on the ongoing progress of the legislation.
Indian Minister of State for Finance and Corporate Affairs, Anurag Thakur, said the government would put investors at the forefront of their legislative effort, though it remains unclear exactly how they intend to protect investors.
“The fluctuations in the price of cryptocurrencies are so high—unlike that of fiat currencies—and that has an impact on the investors. So we need to keep investor protection in mind while framing
What is the money of the future? My nine-year-old son thinks it will be Robux. For those of you trapped in the human museum known as adulthood, Robux is the currency used by players of Roblox computer games. If I offer Thomas grimy dollar bills for household chores, he shows an almost complete lack of interest and motivation. But if I offer him Robux, it’s a different story.
The current exchange rate is around 80 to the dollar. So, in order to
Tesla’s $1.5 billion bitcoin investment didn’t just make headlines, it has also made the company more profit than its car sales last year, according to a Times of London report.
On Friday, the cryptocurrency smashed through the $55,000 level, bringing its market cap above $1 trillion. This means if Tesla owns the same amount of Bitcoin as it did on January 31, it made a paper profit of about $930 million since January. That’s almost 30% more than its $721 million revenue from electric vehicles, per the report.
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