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Gates said he rather preferred investing in assets with tangible outputs, like farms or factories

Bill Gates says he holds no position in cryptos, NFTs

PGurus Newsdesk - June 16, 2022 1

NFTs, cryptos are '100% based on greater fool theory': Bill Gate Tech billionaire Bill Gates has said that he holds no position in crypto currencies...

There is virtually zero probability that this 75 bps hike would even moderately reduce the inflation numbers though this hike is big enough to guarantee the onset of the Minsky moment i.e. setting off an Inflationary Depression

Powell hikes herald “the Minsky moment”

Shanmuganathan Nagasundaram - June 23, 2022 0

75 bps raise the right move by US Fed? The 75 basis hike by the US Federal Reserve on June 15th was quite extraordinary for...

Bitcoin was more than 55 percent down since its all-time high of $69,000 in November last year

Crypto crash: Bitcoin extends losses, drops below $30,000-mark

PGurus Newsdesk - May 10, 2022 0

Millions of investors in panic mode as cryptos see massive decline On Tuesday, the global cryptocurrency market witnessed its worst phase ever, with Bitcoin dropping...

All cryptocurrencies were weighed down as central banks globally tried to control inflation by raising interest rates

Bitcoin, other cryptocurrencies witness a massive slump amid interest rate hike

PGurus Newsdesk - May 8, 2022 12

Federal Reserve's rate hike sends cryptos crashing After the central banks globally tried to control inflation by raising interest rates, cryptocurrencies witnessed a weigh down....

If we learn from at least our own mistakes, the most sensible way forward would be to bring down the Eccles building and never even contemplate replacing it with another

Extraordinary popular delusions at the Eccles

Shanmuganathan Nagasundaram - April 21, 2022 0

What emerges from latest FOMC meeting indicates a complete lack of macroeconomic fundamentals Never in the history of the world has the financial well-being of...

Warnings like the Cigarette-Smoking-is-injurious… to be mandated for crypto ads by the Indian government

New norms for Cryptocurrency Advertisers in India. Must carry ‘unregulated’, ‘can be highly risky’...

Team PGurus - February 23, 2022 1

A timely reminder to the investors of the risks involved in trading cryptos In a bid to warn the investors of the illegal cryptocurrency, the...

Nirmala Sitharaman's statement on Crypto Currencies leaves many unanswered questions

Crypto Currencies: India not going to legalize or ban. But will tax 30% on...

Team PGurus - February 11, 2022 0

Hands-off policy on Crypto Currencies by GOI an interesting stand Finance Minister Nirmala Sitharaman on Friday told the Parliament that the government at this stage...

Hyderabad-based CA caught laundering money using Cryptocurrencies

ED arrests a Chartered Accountant in Hyderabad for aiding shell companies to launder funds...

Team PGurus - December 3, 2021 0

Rs.1,100 cr laundered by Chartered Accountant in Hyderabad via cryptos unearthed by ED Ravikumar, a Hyderabad-based Chartered Accountant (CA) was arrested by the Enforcement Directorate...

Banking regulators in US have announced a plan to clarify rules, regulations around how banks can use crypto currencies over next year

US mulls crypto regulation

PGurus Newsdesk - November 25, 2021 0

US banking regulators soon to clarify banks crypto currencies role in 2022 The US has announced through the banking regulators that they will soon clarify...