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Cryptocurrency Does it affect the environment? Consider security arrangements? Learn

Technical Mechzone

The demand for cryptocurrencies is growing rapidly, but so have the concerns about its regulation and environmental impact. Cryptocurrencies are mined, for which a lot of energy is used and it leaves a carbon footprint in the environment.

Cryptocurrency Mining : Cryptocurrency mining has an impact on the environment.

The demand for cryptocurrencies is increasing rapidly around the world, But there are many concerns about its widespread adoption as a mode of financial transactions. Huh. Questions are raised about the regulation of cryptocurrencies. It also affects the environment. Bitcoin is the most popular among cryptocurrencies,But in the past, when Tesla’s founder Elon Musk backed another cryptocurrency Dogecoin, raising concerns about its environmental impacts, bitcoin saw a significant drop.

How does cryptocurrencies harm the environment?Talking about its environmental damage, Elon Musk said that the energy usage trend (in the last few months) is very high. Musk meant about the energy spent on mining bitcoins.

High powered computers are used in the mining of cryptocurrencies and this process takes a lot of energy. In most cases, the process relies on fossil fuels, especially coal.Analysts at Deutsche Bank estimate that bitcoin uses almost as much electricity in a year as a country like Ukraine does. Cryptocurrency Ethereum in a year, according to Digiconomist According to the cryptocurrency Ethereum uses the same amount of energy in a year as a country like Switzerland.

You can also donate in Cryptocurrency, you get many benefits, know where you can donate

The electrical waste and carbon footprint generated from these cryptocurrencies also do not paint a good picture. According to another report by Digiconomist, Luxembourg generates as much e-waste in a year as bitcoin e-wastes. Compared to the carbon footprint, it is at par with Greece. Ethereum’s footprint equals Myanmar’s annual value

Mining geography changed in the last six months
However, new data from the University of Cambridge has shown that the geography of mining has changed significantly in the last six months. One of the reasons is China’s crackdown on cryptocurrencies. More than half of the world’s bitcoin miners went offline in a matter of days due to this action. Mike Collier, CEO of digital currency company Foundry, told CNBC that, ‘This will force miners to look for alternatives that are renewable.’ That is, those that can be renewed.

Cryptocurrency: How much fear of hacking, theft or fraud is there in cryptocurrencies? Learn how to stay safe

Many energy efficient options available
Talking about alternatives, there are many cryptocurrencies in the market which are not as popular as bitcoin, dodgecoin and ethereum but are energy efficient. According to a report by inquirer.net, Nano is one such cryptocurrency which is said to have a very low energy footprint. This is because it is not mined like bitcoin. This is the reason that its carbon footprint is also low, which reduces the transaction fee.

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Technical knowledge, trading, Uncategorized

Nifty Bank maintains upside; Nifty PSU Bank slips 1%; AU Small top gainer; Bandhan Bank, PNB laggard

Technical Mechzone

The Reserve Bank of India (RBI) announced key measures to boost the economy amid the current Covid situation in the country

Bank Nifty maintained upside amid bullish markets tone on Thursday, however, the upside move was in a slower place as state-owned banks limit the gains. The Reserve Bank of India (RBI) announced key measures to boost the economy amid the current Covid situation in the country. RBI gave a boost to lending, liquidity facility, stressed assets provisions among others in the sector.



At around 2.03 pm, Nifty Bank was trading at 32,902.05 up by 118.35 points or 0.36%. The index has touched an intraday high and low of 32,956.35 and 32,564 respectively.



AU Small Finance Bank was the top gainer on Nifty Bank, surging by 2.3%. The performance comes after RBI allowed small finance banks (SFBs) for fresh lending to small microfinance institutions (MFIs).



Further, Nifty Bank, ICICI Bank and Kotak Bank were on the gainers’ list, soaring by 0.9% each. IDFC First Bank and HDFC Bank jumped by 0.5% each.


On the contrary, Bandhan Bank was the top underperformer tumbling by nearly 4% followed by PNB and Federal Bank slipping 2.8% and 1.3% respectively.


IndusInd Bank dived by 0.4%, while RBL Bank, SBI and Axis Bank were broadly on a subdued level.

However, on NSE, the Nifty PSU Bank index was the top bear tumbling by 1.2%. PNB, Bank of Baroda, Union Bank and Canara Bank dragged plunging between 1-3%. Stocks like Bank of Maharashtra, J&K Bank and Punjab & Sind Bank were top bulls soaring between 1-2.5%.



RBI governor Shaktikanta Das on Wednesday announced an on-tap liquidity window of Rs50,000cr to boost the provision of immediate liquidity for ramping up COVID related healthcare infrastructure and services in the country. The window has a tenor of 3 years at the repo rate of 4% and is being opened till March 31, 2022.


Also, Das announced that to provide further support to small business units, micro and small industries, and other unorganised sector entities adversely affected during the current wave of the pandemic, it has been decided to conduct special three-year long-term repo operations (SLTRO) of Rs10,000cr. Meanwhile, banks are allowed to utilise 100% of floating provisions/counter-cyclical provisioning for making specific provisions for nonperforming assets.

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Technical knowledge, Technology, Uncategorized

Android apps are crashing and Google is working on a fix – here’s how to fix the issue

Technical Mechzone

Android apps started crashing randomly for some users, including popular apps like Gmail, Facebook, Messenger and others.
Google has identified the issue and is working on a fix.
Until then, we have a couple of solutions to help you stop Android apps from crashing.

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Some Android apps started crashing for users yesterday for no apparent reason. These affected apps are not related to each other, which has caused a lot of confusion amongst users.

The underlying reason for Android apps crashing yesterday was a buggy update to the Android System WebView app. Google rolled out an update yesterday, after which unrelated Android apps started crashing for some users.
This caused confusion, and if you are among one of them, then we have a couple of solutions for you until Google rolls out another update to fix the issue

If Android apps are crashing for you, here is what you can do to fix it:
1. Uninstall updates to Android System WebView
This is the easiest solution to fix Android apps crashing issue.

To uninstall updates to Android System WebView, follow these steps:
Open Settings, go to Apps -> Android System WebView.
Now, tap on the three-dot menu on the top right.
Next, tap on the ‘Uninstall updates’ option.
That should solve the issue.
For some users, the three-dot menu might not be visible. In that case, simply tap on the ‘Uninstall’ button and you will then be able to uninstall the latest update.

2. Disable Google Chrome
If you cannot find the Android System WebView app in the Apps section, the other option is to disable Google Chrome.
Once you do that, the Android System WebView app should become visible.

To disable Google Chrome, follow these steps:
Open Settings, go to Apps -> Google Chrome.
Tap the ‘Disable’ button.
That’s it.
If the apps stop crashing now, there is no need to uninstall Android System WebView updates.

Google is working on a fix
While the two steps mentioned above should solve the issue of Android apps crashing on your phone, those solutions are a temporary fix.

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BitCoin ने तोड़ डाले अपने सभी रिकाॅर्ड, देखें Latest रेट

Technical Mechzone
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पिछले कुछ दिनों से दुनिया की सबसे बड़ी क्रिप्टोकरेंसी बिटक्वाइन में बड़ी उछाल देखी जा रही है। अपने सभी रिकाॅर्ड को तोड़ते हुए एक बिटक्वाइन की ताजा कीमतें 60,000 डाॅलर के पार पहुंच गई है। अमेरिकी राष्ट्रपति जो बाइडेन के पिछले दिनों 1.9 ट्रिलियन डॉलर की मदद के आदेश के बाद से ही बाजार में तेजी देखी जा रही है। और इसका असर बिटक्वाइन पर भी दिख रहा है। हालांकि कई एक्सपर्ट का मानना है कि यह तेजी सिर्फ कुछ ही समय के लिए है। बीच में एक ऐसा समय आया था जब क्रिप्टोकरेंसी की कीमतों में अचानक गिरावट आने लगी थी।

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पिछले एक साल के दौरान बिटक्वाइन की कीमतों में जबरदस्त उछाल आया है। जहां एक साल पहले एक बिटक्वाइन की कीमत महज 5000 डाॅलर थी तो वहीं अब यह बढ़कर 60,000 डाॅलर के पार पहुंच गई है। भारतीय रुपये में अगर एक बिटक्वाइन की कीमत आंके तो यह करीब 43.85 लाख रुपया होगा।

इतनी तेजी के पीछे का कारण क्या है

बिटक्वाइन में दुनिया के कई बड़े इन्वेस्टर इंवेस्ट किए हुए हैं। इलेक्ट्रिक कार बनाने वाली कंपनी टेस्ला के मालिक एलन मस्क पिछले ने भी इसमें पैसा लगाया है। उन्होंने करीब 1.5 बिलियन डॉलर का इंवेस्टमेंट इसमें किया है। एलन मस्क समय-समय पर इसमें इंवेस्ट करने की सलाह भी देते रहते हैं। मार्केट एक्सपर्ट ईड मोया के अनुसार, ‘बिटक्वाइन की कीमतें एक बार फिर बहुत तेजी से बढ़ेगी। और इसे रोकना किसी के लिए भी संभव नहीं होगा।’

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क्रिप्टोकरेंसी का सफर

करीब 350 अरब डॉलर के बाजार पूंजीकरण के साथ बिटक्वाइन दुनिया की सबसे बड़ी क्रिप्टोकरेंसी बन चुकी है। इसे 2009 में उस समय लांच किया गया था जब दुनिया में आर्थिक संकट आ चुका था। गणितीय गणनाओं के हल के आधार पर कंप्यूटरों ने बिटक्वाइन के अतिरिक्त यूनिट्स को तैयार किया। यह गणना हर बार यूनिट के जोड़े जाने के बाद और भी जटिल होती जाती है। इस आभासी मुद्रा की सबसे रोचक बात यह है कि इसका हिसाब-किताब हजारों कंप्यूटरों में एक साथ सार्वजनिक लेजर में रखा जाता है। यह ठीक उस प्रक्रिया के उलट है, जिसमें पारम्परिक मुद्राओं का हिसाब बैंकों के सर्वर में रखा जाता है।

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XRP Falls 13.91% In Rout

Technical Mechzone

Investing – XRP was trading at $0.48250 by 04:11 (22:41 GMT) on the Investing.com Index on Saturday, down 13.91% on the day. It was the largest one-day percentage loss since Saturday, February 20, 2021.



The move downwards pushed XRP’s market cap down to $23.18776B, or 1.36% of the total cryptocurrency market cap. At its highest, XRP’s market cap was $31.58403B.


XRP had traded in a range of $0.48250 to $0.58113 in the previous twenty-four hours.

Over the past seven days, XRP has seen a drop in value, as it lost 15.82%. The volume of XRP traded in the twenty-four hours to time of writing was $7.19729B or 4.00% of the total volume of all cryptocurrencies. It has traded in a range of $0.4825 to $0.6379 in the past 7 days.

At its current price, XRP is still down 85.33% from its all-time high of $3.29 set on Thursday, January 4, 2018.


Elsewhere in cryptocurrency trading
Bitcoin , was last at $54,900.0 on the Investing.com Index, down 0.20% on the day.

Ethereum was trading at $1,865.27 on the Investing.com Index, a loss of 3.21%.


Bitcoin’s market cap was last at $1,040.64854B or 61.19% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $220.30344B or 12.95% of the total cryptocurrency market value.


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India mulls Bitcoin ban, existing investors to get transition period

Technical Mechzone

India will go ahead with a complete ban on investment in cryptocurrencies, while providing existing investors a transition period to exit their holdings.



Cryptocurrency isn’t fiat currency backed by the Reserve Bank of India and its usage in all forms will be banned through the new law that will be introduced in Parliament.


This would include a ban on transacting directly via foreign exchanges.


Seven million investors hold cryptocurrencies in India worth more than one billion dollars. The ban won’t be enforced overnight and cryptocurrency investors will be given a transition period of three-to-six months after the implementation of the new law to liquidate their investments. The proposed ban — is part of a comprehensive bill on crypto and digital currencies. It may be introduced in the ongoing budget session of parliament.



Does this mean the end of the road for cryptocurrencies in India?

Not really, the bill may include certain exceptions. They could allow the promotion of the underlying technology. Like block chain, the decentralized digital ledger.


That drives — all types of cryptocurrencies.

An exception like this could provide the legal framework for the reserve bank of India to launch its official digital currency. China has a similar regulatory regime. It effectively banned trading and usage of cryptocurrencies in 2017.


Crypto exchanges were shut down. Last year; Beijing began testing its own digital currency in four cities. India’s move to regulate digital cash comes at a time — when the world is increasingly adopting it.

MasterCard and Visa have opened their payments network for some cryptocurrencies.


Customers using these platforms can now pay or accept money through crypto. Recently, auto giant Tesla made a big bet on bitcoin.

The company bought more 1.5 billion dollars worth of bitcoin.


It also allowed customers to pay through bitcoin for its products. Cryptocurrencies are now part of the mainstream global financial system.

India cannot afford to ignore this shift but it needs a legal framework first.


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Bitcoin hits $40,000 for first time, but sharp drop expected

Technical Mechzone

Increased demand from institutional, corporate, and more recently retail investors has powered bitcoin’s surge this year, attracted by the prospect of quick gains in a world of ultra-low yields and negative interest rates

Bitcoin topped $40,000 for the first time on Thursday, as it continues a rally that has seen the digital currency climb more than 700% from a March 12 closing low. Increased demand from institutional, corporate, and more recently retail investors has powered bitcoin’s surge this year, attracted by the prospect of quick gains in a world of ultra-low yields and negative interest rates.



The world’s most popular cryptocurrency climbed as high as $40,402.46 and was last up 6.1% at $39,100. It crossed $30,000 for the first time on Jan. 2 and $20,000 on Dec. 16. Smaller coins ethereum, the second largest in terms of market capitalization, and XRP, the fourth biggest, gained 1.8% at $1,231 and 31% at 32 US cents, respectively. Both currencies often move in tandem with bitcoin.



Some investors viewed bitcoin as a hedge against inflation amid enormous monetary stimulus aimed at battling the economic devastation caused by COVID-19. Market participants though warned a correction could be in the cards after a scorching rally.

“While further growth is inevitable, investors should not expect this to move in a straight line,” said Gavin Smith, chief executive officer of cryptocurrency consortium, Panxora Group. “The reality is that bitcoin is far from being a magic money tree, nor is it free from downward price swings. In fact, we can expect dips as sharp as 25% at times as investors periodically withdraw profits,” he added.


Bitcoins surge happened as the market cap for the entire cryptocurrency sector topped $1 trillion on Thursday, according to data trackers CoinMarketCap and CoinGecko. Glassnode, which provides insight on blockchain data, noted that retail interest in bitcoin has increased the last few weeks, with the number of bitcoin addresses or wallets holding a “non-zero amount” of the virtual currency reaching an all-time high of more than 33 million.


The information provider also said while interest in bitcoin and news coverage have grown, it is far from being in bubble territory. The number of daily new bitcoins has still not reached 2017 levels, Glassnode said, suggesting the currency is experiencing strong organic growth in adoption, but not the sort of “viral growth typical of a bubble.”


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Indian Government Prepares to Fast Track Crypto Bill — Plans to Introduce Cryptocurrency Law in a Month: Report…..

Technical Mechzone

The Indian government is reportedly considering taking “the ordinance route” to quickly pass the cryptocurrency bill. “The government is of the firm view that they want to introduce the law within a month of clearance of the ordinance,” a local news outlet detailed.

Indian Government Seeks to Quickly Pass Crypto Bill

All eyes are on what the government of India will do with the cryptocurrency bill that is listed to be introduced in the current session of parliament. The bill seeks to ban cryptocurrencies while creating a framework for the official digital currency to be issued by the central bank, the Reserve Bank of India (RBI).

On Friday, CNBC-TV18 reported that “The government may take the ordinance route to pass the Cryptocurrency and Regulation of Official Digital Currency Bill,” citing unnamed sources. The news outlet elaborated:

The PMO, Finance Ministry, and Cabinet

The PMO, Finance Ministry, and Cabinet Secretariat have started preparing the draft details of the ordinance. The government is of the firm view that they want to introduce the law within a month of clearance of the ordinance

“They want this bill to be cleared as soon as possible,” reporter Timsy Jaipuria noted. She added that “the cabinet is understood to have given clearance to this particular proposal that this bill can be introduced via an ordinance route in its last meeting which was held on Feb. 3.”

Ordinances are promulgated by the president of India on the recommendation of the Union Cabinet. They have the same effect as an Act of Parliament. Ordinances can only be issued when Parliament is not in session, enabling the government to take immediate legislative action. The current Budget session began on Jan. 29 and will end on April 8. It is held in two phases; the first phase will end on Feb. 13 and the second will start on March 8.

The cryptocurrency bill could resemble the one drafted by an interministerial committee (IMC) headed by former Finance Secretary Subhash Chandra Garg, who has now resigned from the government. Recently, the Minister of State for Finance Anurag Thakur answered some crypto questions in Rajya Sabha, the upper house of India’s parliament, clarifying the government’s stance on cryptocurrency and the digital rupee.

There are still many unanswered questions about the bill the government is planning to introduce and many are just waiting for the bill to become public. Meanwhile, the Indian crypto industry has launched a campaign to convince the government not to impose a ban on cryptocurrencies.

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Goldman Sachs’s Rahmani strikes warning over Bitcoin value

Technical Mechzone

The wild swings in the price of Bitcoin prove it’s not a real unit of value, though blockchain technology “is here to stay,” according to Goldman Sachs Group Inc.’s Sharmin Mossavar-Rahmani.

Something with a long-term volatility of 80% can’t be considered a medium of exchange,” said Rahmani, head of the investment-strategy group for the bank’s consumer and investment-management division.
Just because everybody piles into into an idea and talks it up doesn’t mean it’s a store of value,” she said during a briefing Wednesday on the group’s 2021 outlook, comparing the cryptocurrency’s spikes to the recent run-up in GameStop Corp.

Bitcoin surged to a record close of almost $41,000 in early January, but has since dropped back to about $37,000.

Rahmani’s skepticism about Bitcoin’s intrinsic value echoes that of European Central Bank governing council member Gabriel Makhlouf, who said last month Bitcoin investors should be prepared to “lose all their money.” Still, the cryptocurrency has plenty of high-profile proponents.


Paul Tudor Jones bought some as a hedge against central bank and government action, while Mike Novogratz and Alan Howard have both invested hundreds of millions of dollars in Bitcoin and other digital currencies. Bridgewater Associates founder Ray Dalio has called it “one hell of an invention” and an alternative, gold-like asset.
Rahmani drew a distinction between Bitcoin and blockchain technology, the public, mostly anonymous ledger that records all the currency’s transactions. That technology could facilitate the smoother flow of global assets and will become part of the financial infrastructure, she said.

Despite doubters on Wall Street, the unceasing buzz over Bitcoin is leading more banks to develop cryptocurrency products for clients. JPMorgan Chase & Co. launched its own digital currency last year and Fidelity Investments started a Bitcoin-only fund. Even Goldman Sachs may be joining the party. The bank issued a request for information to at least one crypto custody player at the end of 2020, website CoinDesk reported in January.

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Budget Session to See New Bill Banning Bitcoin in India, May Make Way for Official Digital Currency Issued by RBI

Technical Mechzone

The budget session of Parliament is all set to introduce a new bill that bans private cryptocurrencies and provides for an official digital currency to be issued by the Reserve Bank of India.

The Union Budget, which will be presented on February 1, is looking towards the introduction, consideration, and passing of the Cryptocurrency and Regulation of Official Digital Currency Bill. Apart from prohibiting all private cryptocurrencies in India, the bill also seeks to create a facilitative framework for an official digital currency issued by the RBI. However, as per a Lok Sabha bulletin, the bill allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses. In 2018, the Indian central bank had banned crypto transactions after a number of frauds came to the fore following PM Modi’s decision to ban 80% of the nation’s currency. As a result, the Cryptocurrency trade was brought to a halt after the RBI asked all regulated entities, such as banks, to stop any dealings related to private cryptocurrencies as part of that order.However, the table’s turned when a supreme court bench, headed by Justice Rohinton F Nariman, quashed the central bank’s circular on grounds of disproportionality.

According to a report by Bloomberg, the court ruled that RBI had failed to show “at least some semblance of any damage suffered by its regulated entities’’ to back its decision to effectively bar cryptocurrencies in India.” From then Cryptocurrency exchanges began operations yet again.

The rapid surge in the price of Bitcoins accelerated its use by top banks, which had stopped dealing with cryptocurrency exchanges after the RBI’s order. The dealings with the cryptocurrency became a point of global debate. Large Investment houses said that Bitcoins can be seen as an alternative to gold. JPMorgan said that “a crowding out of gold as an ‘alternative’ currency implies big upside for bitcoin over the long term.” Earlier this week, Bridgewater Associates founder Ray Dalio said Bitcoin is “one hell of an invention” and added that he is considering cryptocurrencies as investments for new funds offering clients protection against the debasement of fiat money. To further this cause, payment networks such as Paypal, MasterCard, and Visa also moved to set up systems that accept payments via cryptocurrencies.

Also, this week, the RBI had reiterated that it was exploring the need for a digital version of the fiat currency.

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