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Eight out of the top ten cryptocurrencies with were trading in green on Wednesday, with Polkadot surging 7.93% to $37.09, while Binance Coin gained by 3.76% to $413.17 during the last 24 hours. The world’s biggest and the oldest cryptocurrency Bitcoin increased by 4.74% to $47,187.44-levels, while Ethereum the second-largest virtual token gained 3.66% to $3,407.37.
*All prices as of 15th September 2021, at 8:10 AM, Table Source: Coinmarketcap.com. Conversion rate for the USD to INR used was $1=Rs 73.62
The finance minister of Zimbabwe, Mthuli Ncube tweeted that he had came across cryptocurrency solutions that could lower charges for diaspora remittances, after paying a visit to the DMCC Crypto Centre in Dubai recently.
According to Bitcoin.com, the finance minister had emphasised the need to understand Bitcoin technology last year as well and follow countries like Switzerland that were investing in crypto.
Following this many had supported his comments for the requirement of a crypto-based solution citing Zimbabwe’s hyperinflation. According to a public policy organisation, CATO, based out of Washington, the country has a long history of hyperinflation, with cumulative inflation at 3.78 billion percent between 1997-2007
Cryptocurrency Floki has seen a record rise in prices in the last 24 hours, owing to Elon Musk’s tweet on his new pet Shiba Inu, with the caption “Floki has arrived”. According to CoinMarketCap, the crypto has traded at a high of $0.0000000005961, with a rise of 958.09%.
Floki Inu, another cryptocurrency whose value has gone up by 59.08% in the last 24 hours. The Tesla CEO is back to tweeting about cryptocurrencies, as this is not the first time he has sent crypto prices soaring.
Last month, the Space X CEO Shiba Inu had recorded a 16% incline, when it touched 0.00000790, moments after Musk tweeted that he was naming his new pet Floki.
Floki has arrived pic.twitter.com/2MiUKb91FT
— Name (@elonmusk) September 12, 2021
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These nudges may seem insignificant at start, but once applied may prove powerful enough to achieve the impossible
Govt must procure just as much as it needs to meet requirements of consumers entitled to rationed grains plus a buffer for contingencies like Covid-19
One of the key issues with MSPs is that they distort production decisions as many farmers grow wheat because of the assured returns on its cultivation
Small savings banks & their participation will most certainly lead to greater competition in the space — and this competition may lead to consequences
