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The next time you hear your teen talking about Kosin beer, Chawal, Ajinomoto, Fuke, Pikachu, Hello Kitty, or Jungle Boy, you might want to pay more attention. It's hard to imagine them suffering from scalp problems, devouring cartoon characters, and planning a trip to the vegetable market.In common parlance, Cochinbiru means marijuana, Chawal and Ajinomoto are stimulants, Dandruff means cocaine, Pikachu means hallucinogens, Hello Kitty means MDMA, and Jungle Boy means hydroponic weed. Emoji also opened up a new language, with maple leaves meaning weeds. Toffee is an ecstasy pill. And the snowman is cocaine. And young people are using…
BENGALURU: The goal of Satoshi Nakamoto, the anonymous person who invented Bitcoin, the first decentralized digital currency, in 2008, is to create an electronic peer-to-peer cash system without intermediaries such as government financial systems or corporations. was. .Nakamoto's white paper on Bitcoin states that transactions are tracked through the blockchain, a ledger similar to those used by financial institutions, but this ledger is distributed throughout the network and an exact replica of it is available to all participants. The difference is that it is maintained by someone and can be viewed by everyone. Protected by encryption measures.The mythical Mr. Nakamoto…
The cryptography industry is on track to undergo massive expansion globally within the next five years. The latest research report by India's top technology industry body predicts that the global cryptography market will reach a value of $2.3 billion (approximately Rs. 17,087 crore) by 2026. In the case of India, the report predicts the crypto technology market valuation to reach $241. The adoption of cryptocurrencies by multiple banks in the US, Europe, and Asia regions has been noted as a key factor driving the growth of the crypto sector. Nascom, India's leading non-governmental technology industry association, published its findings earlier…
The crypto industry is expected to expand significantly globally within the next five years. A latest research report by India's top technology industry body predicts that the global crypto market will reach a value of $2.3 billion (approximately Rs 17,087 crore) by 2026. For India, the report predicts that the crypto market will reach a value of $241 million (approximately Rs 1,790 crore) by 2030. Adoption of crypto technology by several banks across the US, Europe, and Asia region is noted as a key factor driving the growth of the crypto sector. Nasscom, India's leading non-governmental technology industry association, published…
According to a new report, India's digital currency industry is expected to register exponential growth over the next few years, generating $184 billion in added value to the economy through investments and cost savings. Additionally, the report predicts that over 800,000 people will be employed in the sector.India has seen a surge in digital currency adoption in recent years, with younger investors choosing it over older, more popular assets like gold and stocks. According to Chainalysis, digital currency investments in the country have surged from $923 million in 2020 to $6.6 billion in May 2021, and are still growing. Currently,…
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Image: Marco Verch/CCNull India's crypto industry is growing by leaps and bounds despite a gray cloud of regulatory uncertainty, according to a new study. According to the study, the virtual currency market size in India increased by 39% from USD 53.1 million in FY2020 to USD 74.2 million in FY2021. The study was conducted by the National Association of Software and Services Companies (NASSCOM) and cryptocurrency exchange WazirX. From 2019 to 2020, the amount of crypto assets held by individuals increased by 612%, and the number of individual investors more than doubled from 7 million last year to 15 million…
A new study has revealed that India's cryptocurrency industry is growing by leaps and bounds despite the looming shadow of regulatory uncertainty. The study found that India's cryptocurrency market size grew 39% from USD 53.1 million in FY20 to USD 74.2 million in FY21. The study was conducted by the National Association of Software and Services Companies (NASSCOM) and cryptocurrency exchange WazirX. According to the report, from 2019 to 2020, retail holdings of crypto assets grew by 612%, while the number of retail investors more than doubled from 7 million last year to 15 million in 2021. This means that…
New Delhi, September 27, 2021: National Association of Software and Services Companies (Nascom), In collaboration with industry partners Wazir Xtoday released a report entitled 'India's Crypto Industry'. This report reveals how the Indian cryptocurrency market has risen exponentially and has grown steadily over the past few years. More and more young investors in India are excited to explore new investment options and are turning to cryptocurrencies like Bitcoin, Ethereum, and Polygon to make investments that promise realizable returns. We are hiring. These digital currencies, along with other applications of DLT, are attracting a lot of attention and are leading to…
Last Friday, the People's Bank of China reiterated its complete ban on digital asset trading.getty If you would like this weekly update sent to your inbox every Saturday, click here How to become a subscriber. Related article: The next frontier for US sports betting is cryptocurrencies and blockchain technology eternal reckoning cryptocurrency caught up Concerns over the possible bankruptcy of Evergrande, one of China's biggest real estate developers, took global markets by storm on Monday.. Troubled real estate companies have warned banks that they will not be able to make payments on $300 billion worth of debt due this month,…