Musk has posted numerous comments about crypto particularly meme coins on Twitter, causing prices to gyrate. This time Dogecoin spikes 9% with Elon Musk acquiring a 9.2% stake in Twitter.

Given how quickly digital assets have developed in the past year, Alexander Hoptner, chief executive of Bitmex, a leading global crypto exchange, believes that if Indian authorities take a “positive position” on cryptocurrencies, the nation might move the needle for mass market crypto acceptance worldwide.

Ever since the advent of cryptocurrencies, various mining pools have also emerged and kept growing in number, even though the mining power was at its lowest ebb. But it soon bounced back with an all-time high as mining activity shifted to other crypto hubs like the USA and Kazakhstan. At the same time, the difficulty of mining has also increased. Let’s delve deeper into what cryptocurrency mining is and how competition has increased in the field.

The whole crypto market capitalization has climbed to $1.86 trillion in the previous ten days (roughly Rs. 1,41,00,900 crore).

On Monday, February 14, the majority of cryptocurrencies began the day with losses. Bitcoin fell 0.82 percent and begun trading at $44,528 (about Rs. 33.5 lakh) on the Indian platform CoinSwitch Kuber. Last week was rewarding for Bitcoin, as the digital currency managed to surpass $45,000 (approximately Rs. 34 lakh) in value after weeks of hardship. BTC, on the other hand, suffered a 0.94 percent loss on foreign markets today. On Binance, CoinMarketCap, and Coinbas

In the second week of February, the cryptocurrency market recovered quickly.

The crypto price charts were brimming with greens, with practically all prominent cryptocurrency beginning with gains on Tuesday, February 8. Bitcoin gained 3.40 percent, bringing its trading value to $46,700 (about Rs. 35 lakh) on the Indian market CoinSwitch Kuber. This is the first time in 2022 that Bitcoin prices have risen beyond $45,000 (33.5 lakh) in India. The world's most valuable cryptocurrency seems to have done well in overseas markets as well. BTC commenced trading at about $44,069 (around Rs. 33 lakh

Cryptocurrencies exchanges have hailed the government's planned taxation of digital assets as a significant step toward recognising cryptocurrency as a new asset class. However, not all gamers are pleased with the change, with some claiming that the 30% slab was too high. Finance Minister Nirmala Sitharaman announced taxation on virtual digital assets, including cryptocurrencies and non-fungible tokens, on Tuesday (NFTs). In addition, the government plans to launch a central bank digital currency, or CBDCs, powered by blockchain technology in 2022-23.

Spain moved on Monday to control widespread crypto asset promotion, including by social media influencers, tasked the stock market supervisor with authorising large campaigns and ensuring investors are informed of hazards.

The fast expansion of cryptocurrencies and digital assets tied to conventional currencies has piqued the interest of authorities throughout the globe, who are concerned that they might jeopardise the financial system if not closely managed.

A few years ago, cryptocurrencies seemed to be more of an intellectual notion than a reality. But, as Bitcoin reached new highs in 2017, all of these notions about digital currencies shifted. Since then, Bitcoin has served as a symbol for the crypto sector. Since its introduction in 2009, it has grown to become one of the market's most trustworthy and generally acknowledged cryptocurrencies. However, it is reasonable to state that the crypto market is continually developing, with intriguing advancements occurring virtually every other day. These fast changes have resulted in the formation of

The government has wanted opinion from senior tax advisors on whether or not the financial gain attained from commerce or finance in cryptocurrencies may be treated as business financial gain as against capital gains from this year forrader, aforementioned 2 people concerned within the discussions.

The move might well increase the tax burden of crypto investors.

The corporate executive of the world’s largest pic exhibition company, AMC diversion, says his company is on the right track right direction|not off course} to simply accept acculturation cryptocurrencies dogecoin (DOGE) and shiba inu (SHIB) in the half-moon of this year.

Desc -With the crypto market being highly volatile, it is better to stake cryptos and get benefits than risk money in trading. N2 is one of the best crypto staking platforms with 4 standard staking plans

This article features the top 10 cryptocurrencies to look out for in 2021 for investors. Being a highly volatile cryptocurrency market, investors should look out for these cryptocurrencies in 2021 to gain higher ROI in the nearby future.

https://www.analyticsinsight.net/top-10-cryptocurrencies-to-look-out-for-in-2021/