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Bitcoin Trades Low Despite Improvement in Overall Crypto Market, India’s Ban Scare Loses Steam

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3 years ago

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Bitcoin Trades Low Despite Improvement in Overall Crypto Market, India’s Ban Scare Loses Steam

In the past two days, Bitcoin has depreciated by more than 20%. The cryptocurrency is currently trading at US$59,817 (approximately Rs 4.46 million), which is up 1.24% on the Indian exchange CoinSwitch. On the international exchange CoinMarketCap, the first cryptocurrency is worth 58,000 US dollars (approximately 4.3 million rupees). The current Bitcoin situation is in stark contrast to the situation a few days ago, when the coin was hovering near a historic high of US$68,327.99 (approximately Rs 5.05 lakh). After India’s proposal to ban “private cryptocurrencies” was placed on the parliamentary agenda, the crypto market collapsed earlier this week.

Ether got rid of the negative influence of the market earlier than Bitcoin. According to data from the Gadgets 360 encrypted price tracker, Ethereum rose by 3.85% and traded at US$4,573 (approximately Rs 340,000) on Friday, November 26. Earlier this month, Ether also set a record high, with a transaction price of US$4,811 (approximately Rs 350,000).

The dominant green on the crypto price chart today indicates that the transaction value of most popular cryptocurrencies, including Tether, Ripple, USDCoin, and Dogecoin, has risen. On the other hand, some tokens such as Cardano, Polkadot, and Shiba Inu recorded marginal declines.

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India is preparing to put the topic of encryption on the parliamentary seat in the next few days. Currently, the country is considering banning all “private cryptocurrencies”, but did not elaborate on the definition of the term.

In addition, the risks that cryptocurrencies are prone to have have become a topic of debate among enthusiasts. Recently, after the FBI warned people against more and more crypto scams, the Shiba Inu team notified investors about a scam on Telegram.

Tesla CEO Elon Musk also seconded an idea on Twitter to push investors to keep their crypto assets in private wallets instead of giving their custody rights to centralized transactions such as Binance and Robinhood Place.

News Source : Gadgets 360

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

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2 months ago

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November 6, 2024

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SpiceJet announces 8 new flights to connect Jaipur with Varanasi, Amritsar and Ahmedabad

SpiceJet expands its domestic network with 8 new flights that will connect Jaipur with Varanasi, Amritsar and Ahmedabad and also link Ahmedabad with Pune.

SpiceJet is further expanding its domestic network with the launch of eight new flights starting November 15.

In the statement released on Wednesday, the airline announced that these new routes will connect Jaipur with Varanasi, Amritsar and Ahmedabad, while also linking Ahmedabad with Pune. This expansion follows the recent launch of 32 new flights in October 2024, including two international flights connecting Delhi with Phuket.

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Last month, SpiceJet also commenced UDAN flights linking Shivamogga in Karnataka with Chennai and Hyderabad, and introduced double daily flights between Chennai and Kochi, enhancing connectivity across key regional and metropolitan cities.

“We are excited to announce the launch of new flights from Jaipur to Varanasi, Amritsar, and Ahmedabad, as well as from Ahmedabad to Pune, providing our passengers with greater flexibility and convenience,” SpiceJet Chief Business Officer Debojo Maharshi said.

“These new flights reflect our commitment to supporting passenger demand across tier-II cities and beyond. With our expanded winter schedule, including international and UDAN routes, we aim to provide our customers with greater convenience, affordability, and seamless travel experiences,” Maharshi added.

SpiceJet will deploy its 78-seater Q400 aircraft in these sectors. Bookings for the new flights are now open and tickets are available at the website of the airline, SpiceJet’s mobile app and through online travel portals and travel agents.

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On Monday, the airline received a significant boost, with Acuite Ratings & Research Limited upgrading its long-term rating by four notches to ‘B ‘ and its short-term rating to A4. The rating agency has also assigned a ‘Stable’ outlook to the airline.

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