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<ul><li>India’s long awaited crypto bill is expected to be tabled at the <keyword id="444217" type="General" weightage="20" keywordseo="winter-session-of-parliament" source="Orion">Winter Session of Parliament</keyword>.</li><li>It has sparked widespread speculation that the government may not have softened its stance on digital currencies, impacting trades on crypto exchanges in India.</li><li>It’s worth noting that the bill wasn’t discussed in the February session despite being listed at the time.</li></ul>The prices of cryptocurrencies on Indian exchanges slumped to massive discounts of up to 25% after talks of a possible government ‘ban’ started — yet again — yesterday. The <keyword id="44734" type="General" weightage="20" keywordseo="indian-government" source="Orion">Indian government</keyword> listed a bill on the agenda of the upcoming Winter Session of the Parliament, which apparently seeks to “<a href="https://www.businessinsider.in/investment/news/what-does-private-cryptocurrency-mean-in-india/articleshow/87887473.cms">prohibit private cryptocurrencies</a>” in the country. <div type="Article" hostid="261" msid="87874900" title="India’s cryptocurrency bill is going up for discussion in December — but it seems to be beating to same rhythm as 10 months ago" mstype="2" mssubtype="0"></div> “Cryptocurrencies are trading at 205 to 30% discount right now due to the chaos created by the government. The ruling government should have acted more responsibly to define the definition of private cryptocurrency since they mentioned the term for the first time back in February,” Hitesh Malviya, founder of itsblockchain.com, told Business Insider India. The fear, uncertainty and doubt (FUD) comes from the uncertainty around what the Indian government means by ‘private’ cryptocurrencies. According to experts, there will only be clarity on the subject once a formal draft of the bill comes into the public domain, which is yet to happen. <div type="ExtQuote" text="“For time being, this [what is a private cryptocurrencies] continues to be a speculation and from my understanding, the parliament did not meet its intended agenda in the last session and that has come for consideration now. That could be the reason why there hasn't been a change in the title of the agenda itself.”" auname="Sathvik Vishwanath, co-founder and CEO of Unocoin, told Business Insider India"></div> <cmsannotation type="cmsannotation" annotationid="So, what exactly happened before the FUD?" comment="subhead" text="So, what exactly happened before the FUD?">So, what exactly happened before the FUD?</cmsannotation> The government, on Tuesday, November 23, listed the “Cryptocurrency and Regulation of Official Digital Currency Bill, 2021”, to be discussed in the upcoming Parliament session. The agenda mentioned for this session was exactly the same as the one listed in January, ahead of the February-March session of the Parliament. <div type="image" title="crypto bill agenda" msid="87891812" hostid="261" caption="&amp;lt;p&amp;gt;India&amp;#39;s crypto bill listed for the Winter Session of Parliament, which will kick of on November 29&amp;lt;/p&amp;gt;"></div> The item’s description outlines that the Indian government would ‘prohibit’ private cryptocurrencies in the country, which many have translated to mean a possible ban being on the cards. This led to widespread speculation, both amongst users and the media, which in turn led many to withdraw their crypto holdings in fear of losing it. <cmsannotation type="cmsannotation" annotationid="Cryptocurrencies fell harder in India" comment="subhead" text="Cryptocurrencies fell harder in India">Cryptocurrencies fell harder in India</cmsannotation> Cryptocurrencies in India usually trade at a premium against global markets, which continues. However, Bitcoin’s price dropped to a low of ₹33,50,535 from a high of ₹46,13,182 less than two days ago on the Indian crypto exchange, WazirX. As of 4:00pm Indian Standard Time (IST), Bitcoin had recovered to ₹41,75,218. Similarly, the second largest cryptocurrency in the world, Ethereum, also dropped in the market. The price of ETH went from ₹3,45,500 less than 48 hours ago to a low of ₹2,50,849. It too had recovered to ₹3,14,961 at the time of writing. It’s worth noting that global markets registered a drop too, but has since recovered. Bitcoin registered a drop of about $2,000 between 2:00pm IST to midnight IST yesterday, while Ethereum fell by under $1000. Both have recovered their prices too, but Ethereum is closer to its original price than Bitcoin. <cmsannotation type="cmsannotation" annotationid="No crypto ban on the horizon" comment="subhead" text="No crypto ban on the horizon">No ban on the horizon</cmsannotation> What many seem to have missed though is that the two lines of text on the agenda may quite possibly be a copy-paste of what was mentioned in the February session agenda, something that many pointed out on Twitter yesterday. “The expectation for a crypto currency investor in India should be to align themselves to this reality and plan accordingly. In so far as banning private cryptocurrencies in India is concerned, Indian investors may continue to have access to virtual currencies traded on international exchanges and via wallet-to-wallet transfers,” Namita Viswanath, a partner at IndusLaw, told Business Insider. The purpose of the crypto bill seems to be to set up a regulatory framework to deter illicit activity and protect investors. One part is to come up with an official digital currency under the governance of the central bank, the Reserve Bank of India (RBI). And, the other is to ‘prohibit’ private cryptocurrencies barring some exceptions, which are yet to be highlighted. SEE ALSO: <a href="https://www.businessinsider.in/investment/news/what-does-private-cryptocurrency-mean-in-india/articleshow/87887473.cms">Privacy coins, centralised cryptocurrencies, or being currencies — India is yet to explain what it means by ‘private’ cryptocurrency</a> <a href="https://www.businessinsider.in/cryptocurrency/news/india-new-crypto-bill-threatens-to-ban-private-cryptocurrencies/articleshow/87874900.cms">India’s cryptocurrency bill is going up for discussion in December — but it seems to be beating to same rhythm as 10 months ago</a> <a href="https://www.businessinsider.in/cryptocurrency/news/as-india-looks-to-reign-in-crypto-heres-a-look-at-how-theyre-regulated-across-the-world/slidelist/87889544.cms">As India looks to reign in crypto, here's a look at how they're regulated across the world</a>

FUD takes over Indian crypto markets after government lists crypto bill for discussion

<ul><li>Hike is looking to hire 30 new employees and will hand out referral bonuses in <keyword id="695282" type="General" weightage="20" keywordseo="eth" source="Orion">Eth</keyword>er (ETH), the native cryptocurrency of the Ethereum blockchain.</li><li>It’s looking to find people to fill the roles of ‘chief meme officer’ and ‘<keyword id="12774280" type="General" weightage="20" keywordseo="crypto-game-economist" source="Orion">crypto game economist</keyword>’.</li><li>Having raised funds for the first time in five years in August, the company had said that it would use the new capital to hire new teams and expand its product strategy.</li></ul><keyword id="6567188" type="General" weightage="20" keywordseo="kavin-bharti-mittal" source="Orion">Kavin Bharti Mittal</keyword>, the founder of messaging app Hike and Indian telecom baron Sunil Mittal’s son, is offering anyone Ether (ETH) tokens in return for referring new employees for his company. The initiative is for Hike’s new gaming initiative, called the Rush Gaming Universe. The company is planning on adding around 30 new employees to its existing roster of 140. The <a href="https://hikeapp.notion.site/hikeapp/Work-at-Hike-e3b4884f45164bad8f67c10dae555ffd#2c2cebff92264113ac220fa487bec706">positions include roles</a> like ‘crypto game economist’, ‘chief meme officer’ and ‘senior product manager - crypto’. The company is offering ETH referrals for 10 roles, and there’s a total of 4 ETH – which is around ₹11.6 lakh at the time of writing — up for grabs. This includes 1 ETH each for referring a ‘crypto game economist’ and ‘chief of staff’ for Mittal’s office. Full list of roles Hike is hiring for as of December 20: <table style="border-width: initial; border-style: none; table-layout: fixed; width: 451.276pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Role </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bounty </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Crypto Game Economist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chief of Staff, CEO Office </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Senior Product Manager - Crypto/Gaming </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.5 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chief Meme Officer </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.25 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Engineering Manager, Gaming </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.25 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Principal ML Scientist </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.20 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Software Engineer, DevOps </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.20 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Backend Engineer, Gaming </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.20 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Senior Analyst, Product/Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.20 ETH </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SDET - iOS </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.20 ETH </td></tr></tbody></table> <cmsannotation type="cmsannotation" annotationid="New funding to fuel new talent" comment="subhead" text="New funding to fuel new talent">New funding to fuel new talent </cmsannotation>The ailing firm, which shut down its messaging app earlier this year, had raised funds for the first time in five years this August. While Hike didn’t disclose the amount raised, the round included Tinder co-founders Justin Mateen and Sean Rad, SoftBank Vision Fund’s chief executive Rajeev Misra, Zeta co-founder Bhavin Turakhia and Cred’s Kunal Shah, among others. “The rapid technological evolution over the last few years has paved the way for massive disruption in social and gaming. There’s little to separate these two categories. Gaming is now inherently social, evolving into a new way for people to hang out and interact in the virtual world,” Mittal said at the time. Hike was going to use the new funds to expand hire across functions and expand its product strategy. And, a part of it at least, seems to involve cryptocurrencies and Web3. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/india-may-ask-crypto-exchanges-to-appoint-grievance-officers-in-crypto-bill/articleshow/88384965.cms"></a><a href="https://www.businessinsider.in/cryptocurrency/news/india-may-ask-crypto-exchanges-to-appoint-grievance-officers-in-crypto-bill/articleshow/88384965.cms">India’s crypto bill may take a page out of the new IT rules and ask exchanges to appoint a grievance officer</a> <a href="https://www.businessinsider.in/cryptocurrency/news/heres-what-the-government-has-been-discussing-behind-closed-doors-as-it-looks-to-regulate-crypto-in-india/articleshow/88311964.cms">INTERVIEW: The Indian Government is asking experts these questions as it mulls over the crypto bill — and the metaverse isn’t one of them yet</a> <a href="https://www.businessinsider.in/cryptocurrency/news/imfs-gita-gopinath-wants-a-global-policy-on-cryptocurrencies-not-a-ban/articleshow/88316458.cms">IMF’s Gita Gopinath wants a global policy on cryptocurrencies – not a ban</a>

Kavin Bharti Mittal's Hike is offering ETH to anyone who find a 'chief meme officer' or a 'crypto game economist' for the company

<ul><li><keyword id="6354947" type="UNKNOWN" weightage="20" keywordseo="bitcoin">Bitcoin</keyword> has smashed past the $20,000 mark for the first time, doubling in value since the beginning of 2020.</li><li>Bitcoin has seen growing interest and participation from renowned global investors, including billionaire Alan Howard and insurance giant MassMutual.</li><li>Industry insiders believe there’s more to come in this bully rally in the cryptocurrency.</li><li>Payment giants Visa, MasterCard, and PayPal have also thrown their weight behind Bitcoin, leading to a boost in investor confidence.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a></li></ul>Bitcoin has gone past the crucial $20,000 barrier for the first time, setting a new record in the cryptocurrency’s history. The latest breakout in Bitcoin comes after it was hovering around the $20,000 mark for the last one month. Since the beginning of 2020, Bitcoin has doubled in value – it has increased from $11,100 in the beginning of this year to $22,000 as of December 17, and there are two more weeks left this year. That is a 100% increase in Bitcoin’s value, making it an increasingly lucrative option for a lot of investors. At the time of writing this story, 1 Bitcoin was valued at over $22,000, which is another crucial range for the cryptocurrency. Industry insiders believe there’s more to come. “The more respected companies that join the BTC rally, the more reputable and wanted of an asset it becomes. Not to mention, those large buyers created somewhat of a shortage in Bitcoin liquidity. The price is only going upwards from this,” said Ray Youssef, co-founder and CEO of Paxful. “This time BTC has not just revisited $20,000 but has gone ahead to rally beyond $22,000. We are noticing more and more BTC (Bitcoin) leaving exchanges across the world, 19% more transfer than the 2017 price increase, which is a signal that investors are holding BTC as long-term investments,” said Vikram Subburaj, co-founder and CEO of Giottus Cryptocurrency Exchange. <div type="Article" hostid="261" msid="76063794" title="Bitcoin hodl waves indicate 60% of the cryptocurrency is being hoarded – analysts suggest a bull run could be in the offing" mstype="2" mssubtype="0"></div> <div type="image" title="Bitcoin 01_01_20 to 17_12_20" msid="79775530" hostid="261" caption="&amp;lt;p&amp;gt;Bitcoin&amp;#39;s value crashed in March but since then the surge has become almost impossible to stop&amp;lt;/p&amp;gt;"></div> Investor backing has helped Bitcoin double its value in 2020 The rally in Bitcoin is not just because of a demand-supply gap. Industry sources believe Bitcoin investments from renowned global investors has also stoked the bull rally. Sumit Gupta, CEO and co-founder of CoinDCX said, “Bitcoin breaking above $20,000 is a milestone in a year which saw numerous ups and downs in the global economy. This is mainly due to numerous global renowned investors, institutions putting their weight behind Bitcoin.” Some of the big names investing in Bitcoin recently include billionaire Alan Howard-backed One River Asset Management, insurance giant MassMutual, Ruffer Investment, among others. “With more players joining the bandwagon we will be noticing more price increases in the days to come,” Subburaj further added. Alan Howard’s firm is <a href="https://www.bloomberg.com/news/articles/2020-12-16/bitcoin-whale-surfaces-with-1-billion-and-alan-howard-s-backing">eyeing holdings</a> to the tune of $1 billion in Bitcoin and Ether by 2021. Bringing Bitcoin to the masses Payment giants like Visa, MasterCard, PayPal and even Square have thrown their weight behind Bitcoin and other cryptocurrencies. MasterCard has <a href="https://www.businessinsider.com.au/mastercards-garry-lyons-davos-fintech-mastercardlabs-blockchain-bitcoin-2016-1">invested in Bitcoin company</a> Digital Currency Group, while Visa has launched a credit card that <a href="https://www.businessinsider.in/finance/news/visa-will-offer-a-credit-card-that-rewards-purchases-in-bitcoin-rather-than-cash-or-airline-miles-in-early-2021/articleshow/79533024.cms">rewards purchases in Bitcoin</a>. PayPal has announced that it will allow users to buy and sell cryptocurrencies, giving Bitcoin a big push to the masses. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/the-winklevoss-twins-said-buying-bitcoin-is-the-trade-of-the-century-and-predicted-a-30x-return-in-a-recent-interview-here-are-the-9-best-quotes/articleshow/79722959.cms">The Winklevoss twins said buying Bitcoin is the 'trade of the century' and predicted a 30x return in a recent interview. Here are the 9 best quotes</a> <a href="https://www.businessinsider.in/stock-market/news/insurer-massmutual-scoops-up-100-million-worth-of-bitcoin-and-billionaire-mike-novogratz-noted-it-as-the-most-important-news-in-crypto-this-year/articleshow/79681890.cms">Insurer MassMutual scoops up $100 million worth of Bitcoin, and billionaire Mike Novogratz noted it as the most important news in crypto this year</a> <a href="https://www.businessinsider.in/stock-market/news/an-incoming-senator-believes-bitcoin-is-a-better-store-of-value-than-paper-money-and-plans-to-teach-congress-how-to-use-it-to-reduce-the-national-debt/articleshow/79744309.cms">An incoming Senator believes bitcoin is a better store of value than paper money and plans to teach Congress how to use it to reduce the national debt</a>

Bitcoin has doubled investor wealth in 2020 — and industry insiders say there's more to come

<ul><li>Doge-INR and <keyword id="11095374" type="LOCATION" weightage="20" keywordseo="doge-usd">Doge-USD</keyword> are two different denominations of <keyword id="1985091" type="PERSON" weightage="20" keywordseo="dogecoin">Dogecoin</keyword>, denoted in Indian Rupee and US Dollar, respectively.</li><li>Buyers have the option of buying Dogecoin in either of these denominations, but sometimes there can be price differences.</li><li>There are two reasons for the difference in Doge-INR and Doge-USD prices.</li><li>Find out if you should buy Dogecoin in INR or USD.</li></ul>Disclaimer: The article is for informational purposes and should not be taken as investment advice. Dogecoin has been on a seemingly unstoppable rally upward, delivering returns of over 1000% since the beginning of April, this year. Since then, Dogecoin buyers have seen their investments multiply by nearly 12 times, with the cryptocurrency breaking all of its previous records in this time period. <div type="image" title="Dogecoin 01_04_21 to 11_05_21." msid="82544563" hostid="261" caption="&amp;lt;p&amp;gt;Dogecoin prices since the beginning of April this year&amp;lt;/p&amp;gt;"></div> However, buyers of the cryptocurrency in India have been witnessing a somewhat strange discrepancy – the prices of the Dogecoin are different in INR and USD. The explanation for this is simple – the prices are influenced by the demand and supply. In addition to this, the prevailing exchange rate of the US Dollar acts as a multiplying effect on this difference. As you can see, Doge-INR and Doge-USD are usually at similar prices. But the difference between the two was much wider during mid-April, suggesting that the gap between the demand for Doge-INR and Doge-USD was wider than usual. <div type="image" title="Doge INR USD difference 01_04_21 to 11_05_21." msid="82544587" hostid="261" caption="&amp;lt;p&amp;gt;Doge-INR and Doge-USD price comparison&amp;lt;/p&amp;gt;"></div> According to data obtained from WazirX, one of the largest cryptocurrency exchanges in India, there was a massive demand for Doge-INR in India since the beginning of May, when compared to Doge-USD, resulting in users seeing a difference in prices of the cryptocurrency in Indian Rupee as opposed to US Dollar. WazirX revealed to Business Insider that its Doge-INR volume (from May 1 to May 9) stood at 2.94 billion as opposed to just 444 million for Doge-USDT (USDT is USD Tether; the prices of Doge-USD and Doge-USDT are similar). USD Tether is a blockchain-based stable coin and has a value that is close to $1. In total, according to data obtained from crypto tracker Coinmarketcap, the total Doge-INR volume, globally, since April stood at a whopping 45,530 billion. In comparison, Doge-USD volume stood at 613 billion. The two factors that cause the prices of Doge-INR and Doge-USD to vary slightly are the difference in volume between the two, and the USD-INR exchange rate fluctuations. <cmsannotation type="cmsannotation" annotationid="Which one should I pick – Doge-INR or Doge-USD?" comment="subhead" text="Which one should I pick – Doge-INR or Doge-USD?">Which one should I pick – Doge-INR or Doge-USD?</cmsannotation> The answer to this is simple – you can pick whichever you like, as the differences are usually minimal. While all India-based cryptocurrency exchanges offer both, some US-based exchanges like Binance only offer Doge-USDT As you can see in the chart above, Doge-INR prices usually follow Doge-USD prices even after accounting for volume and USD-INR exchange rate fluctuations. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/elon-musk-wants-major-holders-of-cryptocurrency-dogecoin-to-sell-most-of-their-coins/articleshow/80920866.cms">Elon Musk wants major holders of cryptocurrency Dogecoin to sell ‘most of their coins’</a> <a href="https://www.businessinsider.in/stock-market/news/the-history-of-dogecoin-a-cryptocurrency-that-started-as-a-joke-on-reddit-years-ago-and-recently-surged-600-in-a-wall-street-bets-copycat-rally/articleshow/80592974.cms">The history of Dogecoin, the cryptocurrency that surged after Elon Musk tweeted about it but started as a joke on Reddit years ago</a> <a href="https://www.businessinsider.in/stock-market/news/ethereums-ether-pushes-past-4000-for-the-first-time-and-one-crypto-analyst-who-correctly-predicted-this-target-now-expects-it-to-hit-10000/articleshow/82521106.cms">Ethereum's ether pushes past $4,000 for the first time - and one crypto analyst who correctly predicted this level now expects it to hit $10,000</a>

Here’s why Doge-INR and Doge-USD prices can be slightly different

<ul><li>The <keyword id="13457343" type="General" weightage="20" keywordseo="celo-project" source="Orion">Celo project</keyword> is designed to be carbon neutral and uses the proof-of-stake consensus system.</li><li><keyword id="6519775" type="General" weightage="100" keywordseo="celo" source="Orion">Celo</keyword> is a DeFi project that targets users with smartphones.</li><li>Celo also includes stablecoins, backed by various <keyword id="2721952" type="General" weightage="20" keywordseo="crypto" source="Orion">crypto</keyword> assets.</li></ul>Decentralized finance plays an important role in the future of web3, or the third generation of the Internet. However, companies have found it difficult to get DeFi projects into the hands of mainstream users. That’s where a project called Celo comes in. With their mainnet having launched back in 2020, the Celo project is a blockchain ecosystem that aims to connect cryptocurrencies to smartphone users. It gives people the ability to send money to anyone from their smartphones, using a decentralized network and smart contracts. <cmsannotation type="cmsannotation" annotationid="wazirx" comment="wazirx" text="wazirx"><keyword id="6672551" type="General" weightage="20" keywordseo="wazirx" source="Orion">wazirx</keyword></cmsannotation> <cmsannotation type="cmsannotation" annotationid="How does the Celo project work?" comment="subhead" text="How does the Celo project work?">How does the Celo project work?</cmsannotation> The <a href="https://celo.org/">Celo</a> project has three main components, all of which have been built from scratch, according to its developers. This includes the core blockchain software, Celo’s core libraries and the apps, which act as the end-user applications that smartphone users will use to make payments. Most interestingly, Celo isn’t meant for the most savvy smartphone users. Instead, the project targets those with low-end smartphones and poor internet connections, making it important for developing countries like India. The project uses people’s phone numbers as public keys, instead of the difficult to remember 256 bit keys that are usually used in the crypto ecosystem, which should lower the entry barrier significantly. The project’s token, called CELO, is also based on the proof-of-stake (POS) system, which makes it more environmentally sound than those using proof-of-work (POW) systems. The Celo project uses the token for paying transaction fees and participation in governance operations. The platform also has 3 native stablecoins, called the Celo Dollar (cUSD), Celo Euro (cEUR) and the Brazilian Real (cREAL). The stablecoins are backed by the CELO token and a basket of other crypto assets, which includes Bitcoin and Ether. <cmsannotation type="cmsannotation" annotationid="Advantages of the Celo project" comment="subhead" text="Advantages of the Celo project">Advantages of the Celo project</cmsannotation> The big advantage of the Celo project, of course, is its mobile-first nature. The fact that the platform targets not only smartphone users but the low-end smartphone users could be an important step for increasing the adoption of cryptocurrencies. But being designed for low-end smartphones also means that the DeFi platform has to be ready for slower Internet connections. As a result, the Celo project is designed to be extremely fast, allowing its clients to synchronise the blockchain in the shortest time possible and complete database lookups in short time frames. It’s designed to overcome problems like high latency and low bandwidth, which are often associated with users of low-end smartphones. Further, Celo is also environmentally sound, having been designed on the POS consensus system. It is also part of the Climate Collective, a coalition of companies that aim to collaboratively build “at the intersection of web3 and climate action”, according to Celo’s website. “Through grant funding, member partnerships, and community education, we support a range of impactful products and interoperable protocols that progress the Regenerative Finance (“ReFi”) ecosystem,” the website <a href="https://climatecollective.org/">says</a>. <cmsannotation type="cmsannotation" annotationid="How to buy Celo?" comment="subhead" text="How to buy Celo?">How to buy Celo?</cmsannotation> The CELO token is listed on <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=article-advertorial">WazirX</a> and can be bought, sold, and traded on both the INR and USDT markets. At the time of writing, the token was priced at ₹238. The token is part of WazirX’s Rapid Listing Initiative, which brings more tokens to the exchange fast. The crypto exchange has also partnered with the Celo Foundation to give away ₹40,00,000 worth of Celo tokens. The <a href="https://wazirx.com/blog/celo-inr-giveaway/">giveaway</a> will run till March 31 and will include a trivia contest, quiz, and highest trader kaun marathon. Disclaimer: This is a sponsored post in partnership with WazirX. Cryptos are unregulated virtual assets, not a legal tender, and subject to market risks.

Here’s why Celo project is gaining ground and it has a lot to do with DeFi projects and web 3.0

CBDCs — The fight for fiat currencies to remain relevant in the age of digital cryptocurrencies

In the past year, cryptocurrencies have come into their own. In India, investments in crypto have grown from $200 million to nearly $40 billion — a growth of over 200 times in the past year — according to data by Chainalysis. And, it’s not just Bitcoin leading the charge. Other cryptocurrencies like Ether, Matic, and Doge are also a part of the hype despite the Indian Government and the central bank treading caution. With countries like El Salvador legalising Bitcoin, more countries could join the bandwagon. <h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;"><cmsannotation type="cmsannotation" annotationid="Trading cryptocurrencies" comment="subhead" text="Trading cryptocurrencies">Trading cryptocurrencies</cmsannotation> </h3>If you want to invest in cryptocurrencies in India, but don’t know where to begin, then understanding the basics, like opening a cryptocurrency trading account on India’s largest crypto exchange <a href="https://wazirx.com/">WazirX</a>, is probably a <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">good place to start</a>. The easy way to dip your toe in the market is by buying Bitcoin from a crypto exchange like WazirX, which is backed by Binance - the world's largest crypto exchange. Crypto exchanges are similar to stock exchanges in the sense that they let you buy or sell tokens in real-time. However, unlike a stock exchange, crypto exchanges are self-regulated, and they operate 24x7, throughout the year. And, you don’t need to buy a full <a href="https://blog.wazirx.com/how-to-buy-bitcoin-in-india/">Bitcoin</a> in order to trade in india. You can buy or sell fractional shares of Bitcoins. WazirX offers a minimum capital requirement as low as ₹100. <h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;"><cmsannotation type="cmsannotation" annotationid="How to open a crypto trading account on WazirX" comment="subhead" text="How to open a crypto trading account on WazirX">How to open a crypto trading account on WazirX</cmsannotation></h3><ul><li>Download the WazirX app from the <a href="https://play.google.com/store/apps/details?id=com.wrx.wazirx&amp;hl=en_IN&amp;gl=US">Play Store</a> (Android) or <a href="https://apps.apple.com/in/app/wazirx/id1349082789">App Store</a> (iOS) or sign up directly from the website to <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">create an account on wazirx</a>.</li><li>Open the app and you’ll be asked to log in or sign-up. Tap the sign-up option.</li><li>Enter your email address and desired password.</li><li>A confirmation email will be sent to your email ID. Go to your email inbox and tap on the link to verify your email.</li></ul> <div type="image" title="WazirX Image 1" msid="84373036" hostid="261" caption="&amp;lt;p&amp;gt;How to open a crypto trading account on WazirX&amp;lt;/p&amp;gt;"></div> <ul><li>The app will now prompt you to select your desired security options. One can choose the proven method of using your mobile number, where a one-time password (OTPs) will be sent to you via SMS. WazirX does give you the option to skip this step altogether, but that will leave your account without any added security.</li><li>Additionally, the app has an inbuilt passcode system that can add a layer of protection against snooping eyes.</li></ul><cmsannotation type="cmsannotation" annotationid="How to complete your account’s KYC on WazirX" comment="subhead" text="How to complete your account’s KYC on WazirX">How to complete your account’s KYC on WazirX</cmsannotation> <ul><li>Now you will be prompted to select your country of residence. WazirX currently serves only the Indian market and its official currency is the Indian Rupee.</li><li>Here, you can then select whether to skip KYC or continue with it. However, withdrawals or peer-to-peer transactions are not available without an approved KYC. </li></ul> <div type="image" title="WazirX Image 2" msid="84373087" hostid="261" caption="&amp;lt;p&amp;gt;How to complete your account&amp;#8217;s KYC on WazirX&amp;lt;br&amp;gt;&amp;lt;/p&amp;gt;"></div> <ul><li>To complete KYC, just enter your name, address, date of birth, and a copy of your identity card - government-issued Aadhaar Card and PAN card are necessary. You will be able to just take a picture of the document within the app. </li><li>Once the credentials are uploaded, you’ll hear back from the exchange in the next few days with a confirmation. Once received, you’re all set and the account is fully ready for your first transaction.</li></ul><cmsannotation type="cmsannotation" annotationid="How to buy cryptocurrencies on WazirX" comment="subhead" text="How to buy cryptocurrencies on WazirX">How to buy cryptocurrencies on WazirX</cmsannotation> <ul><li>Once your account is all set up, you will be able to trade and invest in cryptocurrencies. </li><li>You can visit the ‘’Quick Buy’ menu to instantly purchase new tokens like Bitcoin, Ethereum, and more.</li></ul> <div type="image" title="QuickBuy" msid="84373166" hostid="261" caption="&amp;lt;p&amp;gt;How to use the &amp;#39;QuickBuy&amp;#39; feature on WazirX&amp;lt;/p&amp;gt;"></div> <ul><li>Within the ‘Exchange’ menu, you can see the price of different cryptocurrencies against different bases. In addition to the Indian rupee, you can see the available exchange rates against the USD dollar, Tether — a stable coin based on the dollar — and against WazirX’s own token, the WRX.</li></ul> <div type="image" title="WazirX Image 3" msid="84373200" hostid="261" caption="&amp;lt;p&amp;gt;How to buy cryptocurrencies on WazirX&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="How to add money to your cryptocurrency account on WazirX" comment="subhead" text="How to add money to your cryptocurrency account on WazirX">How to add money to your cryptocurrency account on WazirX</cmsannotation> <ul><li>In order to actually purchase any cryptocurrency, you will need to deposit funds within the exchange. You can transfer Indian Rupee (INR) from your bank account to WazirX via UPI, which is directly from your bank account. </li><li>To do so, tap the “Funds” tab, then select INR. You’ll see a statement of your deposits or withdrawals.</li><li>Simply select “Deposit” and select how you’d like to fill up the wallet.</li><li>The UPI option prompts you to enter the desired amount, followed by your UPI VPA address. You need to go back to your payments app to authenticate the transaction. </li><li>It will take a few hours for WazirX to verify your account and get it ready to transfer funds. </li></ul> <div type="image" title="WazirX Image 4" msid="84373216" hostid="261" caption="&amp;lt;p&amp;gt;How to add money to your cryptocurrency account on WazirX&amp;lt;/p&amp;gt;"></div> <ul><li>The minimum amount that a user can deposit is ₹100. </li><li>Deposits will be charged a fee of 0.2%. So, if you transfer ₹100 — you will be charged ₹2 as fees for that transaction. </li><li>And, it may take up to 72 hours for the funds to reflect in your account once the transaction has gone through. </li><li>A total balance of all your holdings is visible in the ‘funds’ tab, on the bottom right corner of the screen.</li></ul>WazirX has a host of cryptocurrencies, each having its own unique selling point. Investing in cryptocurrencies is easier than ever and barely takes a couple of minutes to <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=microsite">open an account</a>. There are no charges for signing up. Disclaimer: This is a sponsored article in partnership with WazirX <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a href="https://www.businessinsider.in/cryptocurrency/news/south-korean-banks-are-finding-a-way-to-hold-onto-cryptocurrencies-without-having-to-touch-the-asset-itself/articleshow/84349075.cms">South Korean banks are creating custody companies to deal with cryptocurrencies — without having to touch the asset itself</a> <a href="https://www.businessinsider.in/cryptocurrency/news/el-salvador-became-the-first-country-to-accept-bitcoin-as-legal-tender/articleshow/84343294.cms">El Salvador’s crypto-friendly plans are facing some important questions</a> <a href="https://www.businessinsider.in/cryptocurrency/news/the-world-bank-imf-and-bis-push-for-central-bank-cryptocurrencies-to-improve-cross-border-payments/articleshow/84345332.cms">The World Bank, IMF and BIS push for central bank cryptocurrencies to improve cross-border payments</a>

You Searched For "ether inr price" and got 7 results

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How to open a crypto trading account in India?

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