Microsoft hit $4 trillion (roughly Rs. 3,49,15,020 crore) in stock market value on Thursday, becoming the second publicly traded company after Nvidia to surpass that milestone following a blockbuster earnings report that showed its massive bets on AI are paying off. Strong results from Microsoft and Meta Platforms late on Thursday also fueled gains in Amazon … Read more
A relentless wave of optimism is sweeping the nearly $4 trillion (roughly Rs. 3,45,54,041 crore) crypto market, driven by a frenzy of Washington policy moves accelerating its assimilation into regulated finance. The passage of a landmark stablecoin law and broader legislative momentum have injected new legitimacy into the sector, lifting prices and rekindling risk appetite … Read more
Bitcoin is undergoing a period of rally with its pricing going higher by the day. The asset on Wednesday, February 28 recorded a gain of 2.20 percent. At the time of writing, Bitcoin was trading at the price point of $56,992 (roughly Rs. 47.2 lakh). For a brief time, the asset did touch the mark … Read more
The cryptocurrency market on Monday, September 9, was largely profitable, with most digital assets recording gains. Bitcoin registered a minor gain of around one percent on Indian exchanges like CoinDCX and CoinSwitch. At the time of writing, BTC in India was trading at $58,718 (roughly Rs. 49 lakh). On international exchanges, meanwhile, the value of … Read more
Apple is closing in on a historic $4 trillion (roughly Rs. 3,40,73,552 crore) stock market valuation, powered by investors cheering progress in the company’s long-awaited AI enhancements to rejuvenate sluggish iPhone sales. The company has pulled ahead of Nvidia and Microsoft in the race to the monumental milestone, thanks to an about 16 percent jump … Read more
Microsoft’s stock market value crossed the $3 trillion (roughly Rs. 2,49,35,925 crore) milestone for the first time on Wednesday, retaining its place as the world’s second most valuable company, just behind Apple. Microsoft and Apple shares have been vying for the top spot as the most capitalized stock on Wall Street since the start of the year, … Read more
Circle, the issuer of the USDC stablecoin, says that the circulation of the digital asset clocked a year-on-year growth of 78 percent. Around November 2024, the company revealed that the monthly transaction volume of the USDC token touched the $1 trillion (roughly Rs. 86,39,270 crore) mark. The company states in a report that since its … Read more
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Nvidia’s ascent to a historic $4 trillion market cap, the first-ever … Read more
Standard Chartered Bank estimates the size of the stablecoin market could surge by about 10-fold to $2 trillion (roughly Rs. 1,71,29,830 crore) within the next three years after the expected passage of US legislation that seeks to provide a regulatory framework for the cryptocurrencies. That would likely require an extra $1.6 trillion (roughly Rs. 1,37,05,008 crore) … Read more
The Ethereum ecosystem is beefing up its security capabilities with a new initiative called “Trillion Dollar Security”. The Ethereum Foundation unveiled the initiative on May 14, expecting to load up the blockchain with security capabilities that could encourage more entities to explore the on-chain world. Fredrik Svantes, the protocol security lead at Ethereum, and Josh … Read more