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Bitcoin BTC$66,371.90 has fallen back to the low end of its recent trading range during late-morning U.S. trading hours on Thursday as the tech-heavy Nasdaq tumbles 1.6%. Trading at $65,700, bitcoin is now lower by 1.5% over the past 24 hours, while ether ETH$1,949.31, just above $1,900, is down more than 2%. The bitcoin price…
ADA$0.2747 founder Charles Hoskinson said he is sitting on more than $3 billion in unrealized losses during the current crypto market downturn, offering a rare look at his personal exposure during a period of sharp declines. Speaking from Tokyo in a live broadcast, Hoskinson addressed a market rattled by forced liquidations and falling prices in…
Stretch (STRC), the perpetual preferred equity issued by Strategy (MSTR), the world’s largest corporate holder of bitcoin, reclaimed its $100 par value during Thursday’s trading session, giving the company the leeway to raise funds to add to its stash of the largest cryptocurrency. The recovery took nine trading days following the March 13 ex-dividend date,…
The Union Cabinet on Wednesday approved Jaipur Metro Phase-2, a 41-km North–South corridor from Prahladpura to Todi Mod with 36 stations, at a total cost of Rs 13,037.66 crore, according to a government statement.The project will be implemented by Rajasthan Metro Rail Corporation Limited (RMRCL), a 50:50 joint venture of the Centre and the Rajasthan…
India’s foreign exchange reserves fell for the third consecutive week, slipping by $2.699 billion to $687.034 billion for the week ended November 7, according to data released by the Reserve Bank of India (RBI) on Friday.The forex kitty had already declined by $5.623 billion in the previous week to $689.733 billion, extending what has become…
Around 80% of Qatar’s LNG exports are directed to Asia, but higher prices are forcing India to look for alternative supplies. (AI image) The US-Iran war has had far reaching implications beyond the immediate rise in global oil and gas prices. The Middle East conflict has led to hits on key energy infrastructure in Gulf…
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NEW DELHI: The online money gaming industry may be crippled after the govt’s ban on their operations, but Korean esports major Krafton — the maker of the popular Battlegrounds Mobile India (BGMI) game — is doubling down on India. The company is lining up investments of around $200 million (around Rs 1,800 crore) for the…
Gold and silver futures jumped to a new lifetime high on Tuesday, buoyed by safe haven demand amid ongoing geopolitical tensions. On the Multi-Commodity Exchange (MCX) gold for February 5 delivery soared Rs 2,522 or 1.62%, to trade at Rs 1,58,559 per 10 grams, climbing Rs 2,522 or 1.62%, after briefly touching a record Rs…
