You are here: Home >> English News & Features >> BUSINESS & ECONOMY

How lucrative is investing in cryptocurrencies?

DNMUM398526 | 10/13/2017 | Author : Praveenkumar Vijayakumar | WC :403

Personal Finance

With all the euphoria around bitcoin and cryptocurrencies, majority of the Indian traders and investors are yet to step into the cryptocurrency wagon. Today, cryptocurrencies, led by bitcoin, ether, etc are taking the financial world by storm as more people invest and buy these currencies. Currently, 1.2 million Indians have invested in cryptocurrencies and are starting to look at them as an alternative to gold during market volatility.
India saw a major spurt in the purchase of bitcoins post demonetization. The price of bitcoins surged from Rs 60,000 in January 2016 to Rs 300,000 in October 2017, marking a 500% return on investment. Some part of this price buoyancy in bitcoins can be attributed to market-making initiatives of I
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Snooozzze Luxuriously
DNMUM408383 | 2/23/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :533

Bengaluru: ‘Sleep’ now finds a whole new meaning in the luxury catalogue. Premium properties are investing in sleep curators and therapists to design packages that work to ease the physical and emotional stress of a guest, induce good sleep such that
Add To LightboxCalculate Price

Ready to Discover?
DNMUM408388 | 2/23/2018 12:00:00 AM | Author : Ruman Devmane | WC :493

The Bajaj Discover’s genes are all about having fun on Sunday and being armed to tackle a hectic Monday as well and with the new Discover they try to make this formula even more appealing. The new Discover from Bajaj, looks modern if not futuristic.
Add To LightboxCalculate Price

Scorpio gets more sting
DNMUM408389 | 2/23/2018 12:00:00 AM | Author : Saumil Shah | WC :854

The Mahindra Scorpio’s 2.2 mHawk engine has always been one of its highlights. Refined and smooth for a big diesel engine along with strong low-end response and great drivability were the plus points that endeared it to many. However, rev it hard and
Add To LightboxCalculate Price

Govt has no plan to merge BSNL, MTNL
DNMUM408390 | 2/23/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :171

New Delhi: Telecom minister Manoj Sinha on Thursday ruled out any plans to merge public sector telecom firms BSNL and MTNL, which are reeling under financial stress.
“There is no thinking in the government on merging the two. But, we are taking s
Add To LightboxCalculate Price