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Though one should not totally dismiss cryptocurrencies as an investment option given the high volatility and the lack of regulation, investors need to be careful while considering investing in these digital currencies
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While many continued to be bullish on Bitcoin and other cryptocurrencies, some financial advisors saw this crash coming and got their clients to make safer bets
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WazirX is not the only exchange facing tech snags. Binance, which owns a stake in WazirX, also reported issues in withdrawals
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Bitcoin tumbled Wednesday from $45,600 to $38,570, its lowest since early February, and well off the record high of $64,870 seen last month
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"It is a step in the right direction and I hope the government will also include the industry in this discussion," said Avinash Shekhar, co-CEO, ZebPay
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Matic, which is now known as Polygon, has given a return of around 12,950% since the beginning of this year
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Cryptocurrency exchanges claim that virtual currencies such as Bitcoin and Ethereum are not currencies and, therefore, should not be regulated by the RBI
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WRX airdrop programme will be conducted over the period of the next 4 months, under which investors will be paid WRX equivalent to 25% of their loss every month
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With MCA mandating cryptocurrency disclosures by corporate entities, WazirX and ZebPay are hoping lack of regulatory clarity will give way to formal recognition of these ‘assets’
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Indian crypto experts have reacted to the move saying it is surprising but hope it will make Bitcoin mining more sustainable
