Connect with us

Latest News

Bitcoin: Has The Cryptocurrency bubble Burst?

Published

on

Bitcoin Has The Cryptocurrency bubble Burst,startup stories,Featured,Startup News India,Bitcoin bubble is bursting,Has the bitcoin bubble burst?,Bitcoin price,Is the bitcoin bubble about to burst?,Cryptocurrency bubble burst,Signs for Bitcoin Bubble to Burst,Bitcoin Bubble Burst

When bitcoins hit the market, cryptocurrencies were just hitting the headlines. With the prices surging since November last year, the sudden drop in the cryptocurrency market (primarily bitcoin) one question comes to mind: has the cryptocurrency bubble finally burst?

Since the sudden rise, bitcoin prices have been on a steady decline since the end of the last year. Plummeting more than 40 percent, leading some investors to believe reality has finally caught up with the bitcoin bubble. The dip in the price started a couple of months ago when the Securities and Exchange Commission (SEC)  announced crypto exchanges will have to obey the same rules as everyone else.

To make matters worse, Coinrail, South Korean cryptocurrency, said it was hacked over the weekend. This hack prompted an extended sale off to Bitcoin at an all time low valuation. Clearly, other cryptocurrencies like bitcoin are suffering. People are still reeling from the fact that Tether (another cryptocurrency,) may have manipulated the market in its favour.

Bitfinex was hit by the subpoena a month ago although the news did not reach investors until this week, which could have prompted the mass sell off. Tether is fixed to the US dollar, so $ 1 buys one Tether token.  Investors now fear that Tether Limited does not have the reserves of USD needed to support its $2.17billion market cap and that Tether has flooded the market without being propped up by the dollar at all.

Mati Greenspan, a market analyst with eToro told Business Insider: “The claim is — and the claim has been growing lately — that they’re not holding those reserves. Combined, all cryptocurrencies are having a tough time surviving in the market. “Our take on this is that the new investors in the space don’t have enough time to analyze what’s happening,” London Block Exchange analysts said in a report.

The top 10 coins are down anywhere from 10% (Litecoin) to 20% (Moneoro.) Trading at around $8,800, Bitcoin is down more than 12% for the day.

Continue Reading
Advertisement
3 Comments

3 Comments

  1. Hyjpjtft

    May 24, 2025 at 6:19 am

    Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplayBonus offer.

  2. wqjeueokr

    July 17, 2025 at 10:30 pm

    18+|Tylko Nowi Gracze|45x Wymóg Obrotu|85 Zł Pierwszy depozyt|5000 Zł Max Bonus powitalny Możliwa jest więc gra w Pragmatic Play sloty na telefonach i tabletach o dowolnej przekątnej ekranu. Gry dewelopera można spotkać w specjalnych aplikacjach kasyn online, jak również w wersjach przeglądarkowych platform do gry. Do uruchomienia automatów nie jest wymagana żadna wtyczka, więc nie trzeba nic pobierać. Produkcje są kompatybilne z systemami Android, iOS i Windows Mobile. Uruchom Darmowe Gry po tym, gdy na bębnach wyląduje 3 lub więcej symboli Scatter albo Wild liczonych od bębna znajdującego się najbardziej po lewej i ciesz się 12 Darmowymi Grami z usuniętymi symbolami o niskiej wartości, dla jeszcze większych szans na wygraną. Podczas Darmowych Gier, symbole Rush Fever są podwajane dla 5 lub więcej Rush Fever, dzięki czemu ta runda bonusowa będzie jeszcze słodsza.
    https://ssashram.org/ekspresowa-wyplata-w-bizzo-casino-czy-naprawde-trwa-5-minut_1752670962
    Niezawodność to kolejny ważny aspekt kasyn online, w każdy poniedziałek gracze mogą ubiegać się o 50% reload bonus na swoim depozycie. To obniża ogólną przewagę kasyna dla zakładu, rTP i zmienność sugar rush aby wybrać 7 zakładów w Just UK. Miło widzieć, ten rodzaj promocji nie wymaga wcześniejszej płatności. Gra nie oferuje opcji gamble ani jackpota, ale nie mniej ważnym sposobem na zwiększenie wykorzystania strategii w grach na automatach jest gra z umiarem. Raport bezpieczeństwa będzie wkrótce dostępny. W międzyczasie proszę pamiętać, że ta aplikacja przeszła wstępne kontrole bezpieczeństwa APKPure. Żel w butelce Pro Master Bottle Gel Twój koszyk jest pusty!

  3. mlihjzctn

    July 21, 2025 at 5:38 pm

    Launching back in 2011, Big Time Gaming is an iconic game developer and the brains behind the Megaways slot games. Big Time Gaming has a varied portfolio of free slots that includes progressive jackpots, video slots, and more. Buffalo King Megaways has the same symbols as its predecessor, Buffalo King, minus the lowest card symbol, 9. The payouts for these animal and card symbols have been altered from the original slot, but the Buffalo symbol remains the strongest high-paying symbol and is now worth $40 if you line up six of them. You also only need a minimum of two Buffalo symbols in order to generate a win; with the other symbols, you still need three. Here are the highest and lowest payouts per symbol, in descending order: Players from Vancouver to Halifax benefit from localized promotions and trending games specific to their regions. The curated selection of games features beloved Canadian-themed options including hockey-inspired slot machines and games depicting famous winter scenes from Canada. Our reputation as a premier Canadian online casino comes from our deep understanding of what matters most to players across the country. We offer instant deposits through local banks along with secure withdrawal methods and numerous real money games popular in Canada.
    https://wipeoutads.com/2025/07/15/mines-by-spribe-a-captivating-casino-game-review-for-the-philippines/
    • April 22, 2025: The Pennsylvania Gaming Control Board’s iGaming revenue report for March shows the state’s online casino industry brought in more than $238.2 million for the month. Of this total iGaming revenue, $179.5 million was brought in by online slots. Connect with us The majestic beauty of wildlife is now enhanced with MEGAWAYS™ mechanics! Do you know what that means? Of course, it means more ways for you to win big! The lower paying symbols are 10, J, Q, K and A. The higher paying symbols are the moose, wolf, tiger, eagle and the Buffalo King. The wild symbol is a mountain and can substitute for all symbols found on reels 2, 3, 4 and 5. But it won’t substitute for the bonus symbol. There are a huge number of world-class online sweepstakes casinos that offer high RTP slots. Below is a list of some of the best online sweepstakes casinos available to play right now:

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Pune’s SuperGaming Secures $15M to Expand in Emerging Markets

Published

on

Super Gaming

SuperGaming, the Pune-based gaming innovator known for hit titles like MaskGun and Indus Battle Royale, has raised $15 million in a Series B funding round, boosting its valuation to an impressive $100 million. This marks a nearly fivefold increase from its 2021 valuation of $21 million, highlighting the company’s rapid growth and the rising investor confidence in India’s booming gaming industry. The funding reflects SuperGaming’s strong market presence and strategic vision to become a global leader in online gaming. 

The funding round was spearheaded by Skycatcher and Steadview Capital, with significant participation from notable international investors including a16z Speedrun, Bandai Namco O21 Fund, Neowiz, and prominent Web3 financiers such as Polygon Ventures and Sandeep Nailwal. Existing backers like AET Japan and BACE Capital also continued their support. SuperGaming aims to utilize this capital infusion to expand its footprint internationally, focusing on emerging markets. A key initiative includes launching its award-winning game, Indus Battle Royale, in Latin America through a partnership with LOUD.GG, alongside rolling out its proprietary SuperPlatform developed with Google Cloud to empower game developers worldwide, especially in resource-constrained regions. 

CEO and Co-Founder Roby John emphasized that this funding milestone is crucial in shifting India from merely a gaming consumer base to a hub for gaming innovation. By adopting a “hyper-local” strategy that tailors games to diverse cultures in underrepresented markets like the Middle East and Latin America, SuperGaming is poised for global growth. With over 200 million installs and an expanding user base, SuperGaming’s recent fundraising solidifies its position at the forefront of India’s gaming revolution, ready to make a major impact on the international stage.

Continue Reading

Latest News

Swiggy DeskEats: Office Food Delivery Launched in 30 Cities

Published

on

Swiggy

Swiggy, India’s leading online food delivery platform, has introduced DeskEats, a unique meal delivery service specifically designed for office-goers and working professionals across 30 major cities. DeskEats aims to streamline office dining by offering a diverse, office-friendly menu, making it easier than ever for corporate employees to enjoy convenient and delicious meals right at their workplace. By simply typing “Office” or “Work” in the Swiggy app, users can unlock curated collections like Value Combos, Stress Munchies, Healthy Nibbles, and Teamwork Bites, catering to every office dining scenario—from solo meals to team lunches and quick snack breaks.

Swiggy’s DeskEats is now operational in over 7,000 tech parks and business centers, granting office workers access to nearly 700,000 menu items from over 200,000 restaurants. This vast variety ensures there’s something for everyone, addressing the growing demand for quick, tasty, and nutritious food that fits seamlessly into the busy schedules of working professionals. Early trends from DeskEats’ pilot phase show a strong preference for easy-to-eat options like chicken popcorn in Bengaluru and garlic breadsticks in Gurugram, reflecting the popularity of meals tailored for the modern workday.

Expanding upon its Corporate Rewards Program, which is already trusted by thousands of organizations, Swiggy enables companies to enhance employee wellness programs by offering food delivery, groceries, and dining benefits efficiently. With DeskEats, Swiggy reaffirms its commitment to transforming workplace dining by prioritizing variety, convenience, and user satisfaction—cementing its position as a key player in the evolution of India’s office food culture.

Continue Reading

Latest News

Setu Builds Fintech Powerhouse Leadership Team as Pine Labs IPO Nears

Published

on

Pine Labs

Setu, the API infrastructure platform and subsidiary of Pine Labs, has significantly strengthened its leadership by appointing Prashanth Nimmagada (ex-Razorpay) as Chief Technology Officer, signaling its commitment to innovation in India’s dynamic fintech landscape. Alongside Nimmagada, Setu has welcomed other top industry talent: Vijeth Pandit (ex-Razorpay) as Chief Product Officer, Ramkumar Thirumurthi (ex-Razorpay, co-founder Actyv.ai) as Chief Revenue Officer, Nikhil Ratanpal (ex-PhonePe) as Director of Product Development, and Santosh Subramanian (ex-Yes Bank, Wibmo) as Head of Finance. These high-profile hires accompany Anand Raisinghani’s (ex-SAP India) appointment as CEO, underscoring Setu’s focus on building a strong, experienced leadership bench to drive future growth.

Setu specializes in providing API-based digital financial infrastructure for services such as UPI, bill payments, KYC, and digital signatures, while also operating as an RBI-licensed NBFC Account Aggregator. With this expanded leadership team—drawn from India’s leading fintechs—Setu is well-positioned to accelerate the development of scalable, API-driven financial solutions for banks, fintechs, and enterprises. The influx of expertise from Razorpay and PhonePe veterans will bolster Setu’s technical capabilities and strategic partnerships, ensuring it remains a key enabler in India’s rapidly maturing digital public infrastructure ecosystem.

This leadership overhaul comes as parent company Pine Labs prepares for a major IPO, aiming to raise ₹2,600 crore through a fresh share issue after turning profitable in FY25. Setu’s enhanced leadership reinforces the broader group’s ambitions for international expansion, technological innovation, and financial performance. As Setu solidifies its role at the forefront of India’s fintech evolution, the company is poised to deliver advanced financial infrastructure solutions that support the country’s growing digital economy and drive Pine Labs’ strategic momentum.

Continue Reading
Advertisement

Recent Posts

Advertisement