Category: Others

Goldman Sachs’ prediction on Bitcoin Price

Goldman Sachs’ chart analyst, Sheba Jafari, published a report on Bitcoin on Sunday. The report stated that Bitcoin could reach $4,827 (INR 3,10,000 aprox) , i.e. about $500 more than the record high of $4,300. (Read our report on this). Bitcoin price has been on the run since a week which has been triggered by various factors. Our detailed report on the factors contributing to the rally is available here. As per the report, once Bitcoin hits that level, Jafari estimates it could drop as far as $2,221. That will be a correction of around 60% from the high price....

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War with Korea? World war 3? Markets fall.. Impact on Bitcoin and AltCoins

Mainstream financial markets have been falling since a week amid geopolitical tension between USA and Korea. Tensions escalated when North Korea claimed “only absolute force” can work with Trump and again threatened attack around the U.S. Pacific territory of Guam. Trump remarked that “They’ve been doing this to our country for a long time, for many years, and it’s about time that somebody stuck up for the people of this country and for the people of other countries”. He added, “I will tell you this, North Korea better get their act together or they’re going to be in trouble like...

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Another Note Ban? Impact on Bitcoin

Another Note ban on the cards? There are reports which suggest that the INR 2000 note may soon be banned. Today the opposition parties asked the Finance Minister Mr. Arun Jaitley, in Rajya Sabha, to clarify whether the government will scrap the INR 2000 note. The opposition insisted for an answer but Mr Jaitley did not respond to the question. It is being contemplated that the Reserve Bank of India has stopped printing the new INR 2000 currency notes and is instead focussing on the INR 200 note that is to be released shortly. It is also being contemplated...

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Another Exchange launched in India – Belfrics

Malaysian company – Belfrics recently launched a new exchange/trading platform for Indian market. The exchange allows users to buy and sell Bitcoin in INR. The company runs several exchanges in countries like Malaysia, Dubai, Singapore, Kenya, Hong Kong, China, Indonesia and now India. Some of these exchanges have been already launched while some are launching soon. The company has a mobile app as well apart from the web platform. Belfrics is also planning to come up with a Bitcoin payment gateway for online and retail merchants. This will enable merchants to accept payment for their goods in Bitcoins. This...

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The fall and rise of Bitcoin prices – All within a week

Bitcoin prices dropped to INR 120,000 earlier this week and is now back to INR 175,000, the price from which it had started falling. Here’s what’s happening: Bitcoin is being updated. Bitcoin needs an upgrade in wake of increasing demands. Bitcoin is maintained by developers and changes to it must be deployed in a democratic way by miners who employ a tremendous number of powerful computers to power Bitcoin’s network, for which they are rewarded with Bitcoin. They can’t let Bitcoin change in a way that reduces their income. If they don’t adopt an upgrade to Bitcoin, it won’t happen. If only half of...

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Live Bitcoin Rates

Exchange Name Buy Rate(INR.) Sell Rate(INR.)