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What is cryptocurrency and how does it work?

Updated at : 2024-02-05 13:45:03

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Cryptocurrency is a form of money, just like the dollars, euros, or yen you use every day. The key difference lies in how it is created, stored, and transferred. Instead of being controlled by a central authority, like a government or a bank, cryptocurrencies rely on a technology called blockchain to manage and secure transactions.

How to invest in cryptocurrencies?

Updated at : 2024-02-05 13:45:03

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Some well-known exchanges include Coinbase, Binance, and Kraken. Ensure that the exchange has robust security measures, and a user-friendly interface, and supports the cryptocurrencies you intend to invest in.

What is crypto mining?

Updated at : 2024-02-05 13:45:03

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Crypto mining or for cryptocurrency mining, particularly in Proof-of-Work systems, is energy-intensive due to the computational power required to solve complex puzzles. This has led to discussions about the environmental impact of certain cryptocurrencies and efforts to develop more energy-efficient consensus mechanisms.

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"Non-fungible" refers to something unique and irreplaceable, while "token" represents a digital certificate or proof of ownership. In essence, an NFT is a digital asset that represents ownership or proof of authenticity for a specific item, often in the form of digital art, music, videos, or other digital content.

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The private lender will issue the dollar bonds out of its branch in Gujarat International Finance Tec-City (GIFT city). The bank has proposed to raise three-year bonds tagged as sustainability bonds and a five-year bond tagged as conventional bonds.

Each investor’s public portfolio reflects their unique investing style and their preferred approaches.

Varun Beverages shares up 1.19% as Nifty gains

Updated at : 2024-02-05 13:45:03

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A total of 50,552 shares changed hands on the counter till 12:53PM (IST).

Paytm parent One 97 Communications said in a stock exchange filing late Sunday that it denies any investigation by the Enforcement Directorate on the parent entity, it associates and/or its founder & CEO for anti-money laundering activities.

Banker pitch at HQ last week; raise of $3.3-5.6 billion may value HMIL up to $28 billion. At $28 billion, HMIL will be valued at 48 times FY23 earnings, while at the lower end of the band at $22 billion, it would be 38.4 times. Maruti Suzuki trades at 40 times FY23 earnings.

RBI unlikely to change interest rates

Updated at : 2024-02-05 07:30:02

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RBI MPC Meet: The 12 respondents unanimously predicted that the Monetary Policy Committee (MPC) would keep the repo rate unchanged at 6.50% at the end of its February 8 meeting. They said the panel will maintain the status quo on rates for the sixth consecutive time. The repo rate is the rate at which the RBI lends funds to banks.

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