BEAMSTART Logo

Crypto coin that surged 3,100% in India cracks amid wider mkt meltdown

Business Standard LogoBusiness Standard2 mo ago

Crypto coin that surged 3,100% in India cracks amid wider mkt meltdown - Business Standard

Quick Summary:

BlockAura's native token, called TBAC, has tumbled 90% to $3.03 from its all-time high of $32.

Crypto coin that surged 3,100% in India cracks amid wider mkt meltdown BlockAura's native token, called TBAC, has tumbled 90% to $3.03 from its all-time high of $32.

Apart from the daily limits, BlockAura has told its investors that it works on the basis of a value of $61 per token — far more than the prevailing market price — meaning users will pocket less cash when they redeem their rewards.


More Pictures

Crypto coin that surged 3,100% in India cracks amid wider mkt meltdown - Business Standard (Picture 1)

or

Article Details

Author / Journalist: Suvashree Ghosh and Sidhartha Shukla | Bloomberg

Category: EconomyFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-12-01 @ 08:45:00 (2 months ago)

News Timezone: GMT +5:00

Ranking: #64 (out of 6229 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 1669 words

Reading Time: 10 minutes read

Sentences: 60 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 2071439

View Article Analysis

About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 107 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Crypto coin that surged 3,100% in India cracks amid wider mkt meltdown" has 1669 words across 60 sentences, which will take approximately 7 - 14 minutes for the average person to read.

Which news outlet covered this story?

The story "Crypto coin that surged 3,100% in India cracks amid wider mkt meltdown" was covered 2 months ago by Business Standard, a news publisher based in India.

How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.

The outlet is headquartered in India and publishes an average of 107 news stories per day.

It's most recent story was published 3 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #2071439
  • URL: https://beamstart.com/news/crypto-coin-that-surged-3100-16698652184831

BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2023 BEAMSTART. All Rights Reserved.