Aswath Damodaran, professor of finance at New York University’s Stern School of Business, has reiterated his criticism of Bitcoin (BTC). Appearing on episode 10 of the Moneycontrol Masterclass program, the NYU professor doubled down on his longstanding repudiation of Bitcoin as currency. According to Damodaran, Bitcoin’s limited use in microtransactions flies in the face of
Month: June 2021
Ether (ETH) prices reclaimed $2,000 on Monday, increasing expectations that the latest rebound would served as a cue for further upside moves based on bullish fundamental and technical outlooks. The world’s second-largest cryptocurrency (by market cap) surged up to 4.96% to $2,083 ahead of the London opening bell. Its gains appeared as a part of
The Australia Securities and Investments Commission (ASIC) is seeking public feedback on on crypto-asset exchange-traded products (ETPs), stating that it is aware of rising interest and demand in their launch on regulated Australian markets. In a consultation paper released June 30, the regulator said its top priority was to assess whether the “unique and ever evolving
Bitcoin (BTC) tackled resistance at $35,000 on June 29 as upward momentum began to resurface throughout cryptocurrency. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price targets range high Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting 24-hour highs of $35,780 on Bitstamp on Tuesday. The pair put in 4.5% gains on the day,
TCL C-series Smart TV models were launched in India on Wednesday, June 30 with features like Mini LED display technology, IMAX Enhanced certification, Game Master, and the company’s second-generation AiPQ Engine audio-visual processor. The company announced three TV sets in the range — the premium TCL C825, the TCL C728, and the TCL C725. The
Loki episode 4 — out now on Disney+ and Disney+ Hotstar — just turned the new Marvel series on its head. Keep reading for our recap, unless you’re worried about spoilers. Sylvie’s (Sophia Di Martino) reveal, from Loki episode 3, that those who work for the Time Variance Authority are time variants like Loki (Tom
Zoom In IconArrows pointing outwards With Windows 11, Microsoft is introducing modern touches to the experience of using a PC. Most noticeably, a new design is meant to help users more quickly get what they’re looking for. The changes go beyond the surface, though. Microsoft is changing the rules of its app store to bring
Black Widow is the obvious highlight of new movies and TV shows in July. The Scarlett Johansson-starrer is coming to theatres and streaming, but so not releasing in India on July 9, thanks to COVID-19 and Disney+ Hotstar’s inability to adapt, although that’s probably not going to stop enterprising Marvel fans. From India, July brings
Apple Watch International Collection Sport Loop bands have been launched that represent 22 different countries around the globe, along with matching watch faces that can be paired with the bands. The International Collection bands have 22 different Sport Loop bands, with a soft, breathable, and lightweight design, Apple says. The matching Stripes watch faces are
Transform 2021 Elevate your enterprise data technology and strategy. July 12-16 Register Today Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out. Ably, a platform designed to handle real-time communications, today announced that it raised $70 million in series B funding led by Insight Partners and Dawn
German government organisations have until the end of the year to close their Facebook pages after the data protection commissioner found the social network had failed to change its practices to comply with German and European privacy laws. In a letter to government departments and agencies earlier this month, commissioner Ulrich Kelber said Facebook had
GitHub on Tuesday launched a technical preview of a new AI-powered pair programming tool that aims to help software developers write better code across a variety of programming languages, including Python, JavaScript, TypeScript, Ruby, and Go. Copilot, as the code synthesizer is called, has been developed in collaboration with OpenAI, and leverages Codex, a new
Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With Interest Rates Eight-Times Higher the national average The cryptocurrency exchange
Bitcoin’s reliance on large-scale mining infrastructure and geographic concentration has been thrown into sharp relief by China’s recent mining crackdown. In May, China announced that it would be getting tough on crypto mining and trading as a response to financial risks. The nation’s crackdown on crypto is not new, rather it’s a reiteration of previous
Ethereum investment products have experienced a record outflow of $50 million this past week, signaling bearish sentiment among institutional investors. According to the CoinShares’ “Digital Asset Fund Flows Weekly” report, Ether products have now experienced outflows for three consecutive weeks, with $64.3 million leaving the sector since the week ending June 6. Despite the drawdowns,
Bill Foster, Democratic Representative and co-chair of the Congressional blockchain caucus, has called for a regulatory framework that would enable third parties to reverse fraudulent or criminal transactions. Foster is a physicist and a Democratic Rep for Illinois. The blockchain caucus is co-chaired by Democratic Rep Darren Soto, and Republican Reps Tom Emmer and David
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