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Amid risk aversion in equities, Bitcoin plunges to lowest level since Aug

by AIP Online Bureau | Jan 21, 2022 | Eco/Invest/Demography, International News, Risk Management, Technology, Wealth Management/ Philanthropy

Virtual coins have become emblematic of a retreat in speculative investments sparked by the prospect of tighter monetary policy in the U.S. Bitcoin of late has tracked swings in technology stocks, which have been under pressure, with the Nasdaq 100 tumbling into a...

Goldman Sachs says bitcoin will compete with gold as “store of value”

by AIP Online Bureau | Jan 12, 2022 | Eco/Invest/Demography, Facts, Technology, Wealth Management/ Philanthropy

Citing bitcoin’s $700 billion market capitalization, compared to the around $2.6 trillion worth of gold owned as an investment, Goldman Sachs said that the cryptocurrency currently has a 20% share of the “store of value” market The term “store...

Bitcoin falls by a fifth, cryptos see $1 billion worth liquidated

by AIP Online Bureau | Dec 4, 2021 | International News, Risk Management, Technology

The plunge follows a volatile week for financial markets. Global equities and benchmark U.S. bond yields tumbled on Friday after data showed U.S. job growth slowed in November and the Omicron variant of the coronavirus kept investors on edge Bitcoin shed a fifth of...
No proposal to recognise Bitcoin as a currency: FM

No proposal to recognise Bitcoin as a currency: FM

by AIP Online Bureau | Nov 29, 2021 | Eco/Invest/Demography, Indian News, Technology

Finance Minister Nirmala Sitharaman The government plans to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the ongoing Winter Session of Parliament. The Bill seeks to ban all but a few private cryptocurrencies to promote...
Cryptocurrency market cap hits $3 trn mark for 1st time, Bitcoin on fire

Cryptocurrency market cap hits $3 trn mark for 1st time, Bitcoin on fire

by AIP Online Bureau | Nov 9, 2021 | Eco/Invest/Demography, International News

Despite uncertainties and high volatility surrounding it, Bitcoin may touch the $100,000 mark by the end of this year. The Bitcoin market cap alone has crossed $2.5 trillion amid its rising adoption globally, particularly in India. The global cryptocurrency market has...
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