The US president-elect Donald Trump and his advisor Elon Musk throwing their weight behind crypto resulted in Bitcoin shooting through the $1,00,000 mark in December. This was a dramatic comeback after the collapse of the crypto exchange FTX in 2022, which resulted in losses of billions of dollars.
One fallout of the 2008 financial crisis was a deep mistrust of the banking system around the world. When the first successful digital currency, Bitcoin, appeared in 2009, it was perceived as a bid to circumvent regulation that was seen as ineffective and cumbersome. It was believed that cryptocurrencies would allow greater transparency and security in financial transactions.
But as a quintessentially disruptive technology, its credibility today divides experts and laymen. While many still think of it as a game of smokes and mirrors, it's endorsed by tech-savvy younger generations. At present, the global cryptocurrency market is worth around $3 trillion.
In the context of this market volume, the intrinsic value of cryptocurrency is relevant. Cryptocurrency is basically a piece of programming software; its value is linked to its momentum of exchange and its perceived investment potential. For Bitcoin, the value is also attributed to the fact that out of the 21 million available, some 19 million have already been mined.
Esta historia es de la edición January 05, 2025 de The New Indian Express Kochi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición January 05, 2025 de The New Indian Express Kochi.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Independent Cinema Doesn't Have a Support System in India
Producers Guneet Monga and Achin Jain reflect on the shrinking space for indie projects in the country, the rising costs of filmmaking and distribution, and why Kill got a lukewarm response
Kunchacko Boban's new film 'Baby Girl' announced
KUNCHACKO Boban is set to team up with director Arun Varma, who made his directorial debut with the Suresh Gopi-starrer Garudan (2023), for a new film titled Baby Girl.
Asif Ali & Aparna Balamurali's film with Jeethu Joseph titled Mirage
EARLIER, we reported that director Jeethu Joseph would be reuniting with Asif Ali and Aparna Balamurali for a new film.
Ajith's Good Bad Ugly confirms release date
THE makers of the Ajith Kumar-starrer Good Bad Ugly, helmed by Mark Antony director Adhik Ravichandran, announced that the film is set to get a theatrical release on April 10.
Jagathy Sreekumar Joins the Upcoming Zombie Film Vala
VETERAN actor Jagathy Sreekumar, who has been away from films after a near-fatal accident in 2012, has joined the cast of Gaganachari director Arun Chandu's upcoming zombie film Vala.
Bring In Some Bursts Of Colour
Colourful and vibrant, these stunning blooms are hard to resist. If you've visited a plant nursery recently, chances are you've spotted petunias everywhere.
Growing roots of an urban home
Landscape architect Anita Tikoo's Delhi home, with its interwoven gardens spread across multiple levels, demonstrates the potential of small urban spaces to nurture a life connected to nature.
P J Antony Cultural Centre reopens after renovation
THE P J Antony Cultural Centre, named after the illustrious artist who left an indelible mark in Kerala's stage arts and literature, has been reopened to the public after renovation work on Sunday.
What dried shrimp & Kochappu have to do with Thoppumpady's Parippu Junction?
A quiet suburban corner in Kochi's Thoppumpady, Parippu Junction invokes curiosity. More specifically - how did this place get the name parippu, the Malayalam word for lentils?
India Needs Stem Cell Donor Registry
Pulse of the Matter
