Cryptocurrency prices plummet, exchange transactions falter as obstacles arise; Bitcoin is down 17 percent

The price of cryptocurrencies plummeted and the crypto trade was delayed on Tuesday, a day when El Salvador struggled as the first country to adopt Bitcoin as its legal currency. Shares of blockchain-related companies also fell as encryption stocks were hit by disruptions in the trading platform. But the main focus was on El Salvador, … Read more

TRAI recommends 2 Mbps minimum broadband speed, asks government to pay 50 percent monthly fees for rural connections

India’s Telecommunications Regulatory Authority (TRAI) has released a series of recommendations to improve broadband connectivity in the country, and one of the main suggestions is to set the minimum download speed for broadband connectivity at 2 Mbps. That’s four times the existing minimum broadband speed of 512Kbps that the regulator had introduced in 2014 as … Read more

How Razorpay Achieved 40-45 Percent Monthly Growth in COVID-Hit 2020

Razorpay is one of the largest payment gateways in the Indian market, and like many online businesses, has seen huge opportunities during the covid pandemic as everything went online. The company offers infrastructure for businesses to accept, process, and disburse online payments via its website or app.  It aims to make money transactions and management hassle-free so … Read more

Who owns DOGE? 82 percent of Dogecoin’s total is being held in jail by just 535 entities, analysis shows

Dogecoin – the dog-themed Shiba Inu cryptocurrency – started out as a joke in 2013, but slowly but steadily made some space for itself. This year, so far, Dogecoin has emerged as one of the most traded cryptocurrencies. However, meme-based digital currency remains largely concentrated in a few hands. A gigantic sum of DOGE 106 … Read more

Apple Watch user base exceeds 100 million as Smartwatch market grows 27 percent year-on-year in Q2: Counterpoint

Apple Watch maintained its lead in terms of global smartwatch shipments in the second quarter of 2021, ending in June, and its active user base has already passed the 100 million mark, according to a report by market research firm Counterpoint. The overall smartwatch market also grew 27 percent year-over-year in the quarter, thanks to … Read more

Bitcoin’s 60 percent rise from July lows may be running out of steam

Bitcoin’s burst above the $50,000 level (about Rs. 37.1 lakhs) did not last long and chart patterns signal that its rally since July is at risk of weakening. The largest cryptocurrency fell 4.4 percent on Thursday to $46,588 (about Rs. 34.6 lakhs), with other tokens including Ether retreating along with the Bloomberg Galaxy Crypto Index. … Read more

Xiaomi prepares self-driving expansion as second-quarter revenue rises 64 percent

Smartphone maker Xiaomi’s second-quarter revenue grew a record 64 percent from a year earlier, it said on Wednesday, announcing the purchase of a self-driving startup as it prepares to expand into the competitive market. Sales reached CNY 87.8 billion (about INR 1.00.720 million), up from 53.54 billion a year earlier and exceeding analyst expectations of … Read more

The price of Microsoft 365 has increased by up to 20 percent, to take effect in 6 months

Microsoft announced on Thursday that it will raise prices by as much as 20 percent for a software package called Microsoft 365, which includes popular apps like Teams and Outlook. The increases will take effect within six months, Microsoft said in a blog announcing the change. The Microsoft 365 suite is the foundation of the … Read more