Is Bitcoin The New Gold? Indians Pour Billions Into Crypto
Despite the bans, the crypto market has boomed in India. With citizens saying that they preferred to put their money in Bitcoin than they would in gold. The number of people buying and selling cryptos in 2021 in India now totals more than 15 million. In contrast, there are 23 million traders in the U.S. and only 2.3 million crypto traders in the U.K.
Grayscale Adds Cardano to Its Cryptocurrency Investment Fund
Crypto investment firm Grayscale today added Cardano (ADA) to its Digital Large Cap Fund. The New York City-based company announced that the altcoin would make up 4.26% of the fund. Most of Grayscale’s Digital Large Cap Fund is still Bitcoin (67.47%) and Ethereum (25.39%) but the company wanted to add Cardano, the fifth-largest cryptocurrency by market cap, to diversify its portfolio, it said.
Elon Musk Pushes Dogecoin Price Up with Raunchy Meme
The Tesla boss has just taken to Twitter to post his version of the “Man Distracted By Laptop” meme. Musk’s innocuous tweet was able to instantly push the price of Dogecoin by over 3% in two minutes, proving that his market-moving powers are alive and well. However, the jump has proven to be rather short-lived.
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