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Buying interest in options tracking cryptocurrency ‘exploded’ after launch of bitcoin exchange traded fund
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New Delhi: Major cryptocurrencies continued to gain following a rally in the weekend. However, investors booked profits in a couple of altcoins.
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Although the hype around this coin isn’t as much as it was at some point, it is still a strong digital coin that’s attracting several investors. While cryptocurrencies such as Bitcoin have limited coin supply, Dogecoin doesn’t have limits. As a result, something that started is now a cryptocurrency with several supporters and investors, including celebrities and billionaires, notably Elon Musk.
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The tecg titan said it wanted to create a separate, private currency system to allow users to make cross-border payments more easily.
Musk’s decision signifies a sharp u-turn for Tesla who only started accepting Bitcoin as payment for its services in February 2021.
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns.
Data Availability: All data are available from figshare: https://figshare.com/articles/Wavelet_coherence_cryptocurrency_online_indicator_data_set/5765352.
BTC to BITO: the original cryptocurrency, and the promise and limitations of Bitcoin ETFs
Six out of the top-10 cryptocurrencies were trading higher at 9.30 hours IST. Binance Coin and Solana witnessed profit booking whereas XRP gained 9 per cent.
Gas shortages at the pumps have spread from the South, all but emptying stations in Washington, D.C., following a ransomware cyberattack that forced a shutdown of the nation’s largest gasoline pipeline.
Here’s our guide to crypto, and why so many people are talking about it these days.
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Investors should continue to hold and not worry about the fluctuations, like Danial, who says she’s not “jumping on the hype.”
This lack of regulation means its transaction costs are less - making it an attractive tool or investment for people to move digital money around the world.