Ethereum ETFs Experience Significant Outflows in August 2024
In a surprising turn of events, Ethereum exchange-traded funds (ETFs) witnessed substantial outflows...
1 Ethereum equals 260,239 INR
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Ethereum (ETH) is a decentralized platform launched in 2015 by Vitalik Buterin. It facilitates smart contracts and decentralized applications (dApps) through its robust blockchain technology. Unlike Bitcoin's sole focus on currency, Ethereum extends its utility by allowing developers to create and deploy decentralized software. Its native cryptocurrency, Ether, powers these operations and stands as the second-largest cryptocurrency by market capitalization. The platform's significance lies in its ability to revolutionize sectors such as finance, real estate, and supply chain through automation and transparency. Additionally, ETH’s wide adoption makes it easily convertible to other cryptocurrencies, enhancing its versatility in the crypto ecosystem.
The Indian Rupee (INR), the official currency of India, derives its name from the Sanskrit word 'rūpya', meaning silver coin. Introduced in its modern form by the British East India Company in the 18th century, the INR is managed by the Reserve Bank of India (RBI), which regulates its issuance and circulation. The currency plays a crucial role in the Indian economy, underpinning domestic transactions and international trade. The INR is easily convertible to other major cryptocurrencies, facilitated by numerous digital exchanges that offer competitive rates, thus integrating traditional financial systems with emerging digital technologies.
More Indian Rupee (INR) informationTo buy Ethereum using Indian Rupee, first, find a cryptocurrency exchange that supports the ETH/INR trading pair, such as BTSE. Create an account, verify your identity, and deposit your INR into your exchange wallet. Locate the ETH/INR pair on the trading platform and place an order to exchange your Indian Rupee for Ethereum. If the ETH/INR pair is unavailable, you can first exchange Indian Rupee for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Ethereum. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Ethereum for Indian Rupee, first, find a cryptocurrency exchange that supports the ETH/INR trading pair, such as BTSE. Create an account, verify your identity, and deposit your ETH into your exchange wallet. Locate the ETH/INR pair on the trading platform and place a sell order to exchange your Ethereum for Indian Rupee. If the ETH/INR pair is unavailable, you can first sell Ethereum for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Indian Rupee. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
In a surprising turn of events, Ethereum exchange-traded funds (ETFs) witnessed substantial outflows...
On Monday, July 29, 2024, the price of Bitcoin (BTC) fell below $67,000 as the U.S. government moved...