Bitcoin Adoption in India May Surge during Diwali Festival
Diwali, the Hindu festival of lights is expected to drive demand in the Indian Bitcoin market. Festivals and celebrations have quite an effect on Bitcoin. While people celebrate with their friends and family during the holiday season, the adoption and number of Bitcoin transactions tend to increase as well. The variations are usually visible days if not weeks before the holiday season. Like Christmas and New Year, the Hindu festival of lights — Diwali is a huge deal in India. People usually go on a shopping spree before Diwali. Online commerce platforms see a huge surge in sales, which is....
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Diwali, the Hindu festival of lights, is soon upon us, but could this celebration filled with fireworks, decorations, and lights help boost bitcoin adoption in the country? On October 20, Diwali will, for five days, light up the skies as Indian people around the world celebrate the festival by lighting candles and fireworks to seek divine blessings from the goddess of wealth, Lakshmi. According to Bloomberg, Amazon is set to spend $5 billion to dominate India’s e-commerce in the run-up to Diwali. While RedSeer Consulting has stated that Indians are expected to spend as much as $1.7 billion....
Bitcoin has risen seven dollars since our last price piece. Presently, the coin is hovering around $618, and Bitcoin enthusiasts are likely feeling impressed right about now. More good news may be on the horizon, as Bitcoin activity in India has ramped up considerably. India the Source of Bitcoin’s Next Big Rally? Recently, funding records set by Indian bitcoin conglomerate UnoCoin launched the Asian country into digital superstardom. China may still be the dominant force behind bitcoin’s success in Asia, but India is certainly rising through the ranks, and now it appears things are on the....
Following a recent disclosure that Wal-Mart Stores Inc. is in discussions with India's largest e-commerce company by sales Flipkart Ltd., Amazon is making a similar push with the aim to make Amazon India's top online store by sales ahead of the Diwali shopping season. Flipkart, Amazon and the “festival of lights”. Flipkart had earlier held discussions with Chinese e-commerce company JD.com Inc. for a possible investment a few months ago but it didn't result in a deal. An alliance with Wal-Mart would bolster its fight against Amazon and other Indian competitors, such as Jasper Infotech....
Dogecoin festival has been in the works for a while now. The festival was announced following the growing popularity of the meme coin. Now, the festival is here. Intended to bring Doge community members from all works of life to a single place to celebrate. Announcements were made for the Dogecoin festival earlier in the […]
The Reserve Bank of India will be working along with the government to address concerns voiced by the country's intelligence agencies regarding potential misuse of Bitcoin and other virtual currencies. Bitcoin in India has been at the receiving end of a mixed response. The country’s central bank — Reserve Bank of India has grown to like the digital currency, whereas the intelligence agencies in the country are becoming more and more concerned about its potential illegal uses. The Bitcoin community in the country is rejoicing, following some of the latest developments in the sector. As more....