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Big Bull Bows Out |

Rakesh Jhunjhunwala
passes away
Worth over $5 billion in net assets,
Jhunjhunwala dies of kidney ailments at the
age of 62 years

AUGUST 14, 2022 / 10:34 AM IST

Rakesh Jhunjhunwala, known as India’s Warren Bu!ett, had a

keen interest in stocks since college.

Billionaire investor Rakesh Jhunjhunwala

passed away on early on Sunday morning
because of kidney ailments, according to
sources.

The 62-year-old business magnate

is worth $5 billion. He is survived by his
wife, two sons and a daughter.

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"Rakesh Jhunjhunwala was indomitable.

Full of life, witty and insightful, he leaves
behind an indelible contribution to the
financial world. He was also very
passionate about India’s progress. His
passing away is saddening. My
condolences to his family and admirers.
Om Shanti," tweeted Prime Minister
Narendra Modi.

Junjhunwala was brought dead at Breach

Candy hospital in Mumbai at 6:45 am on
Sunday, according to TV channel CNN
IBN.

"Shri Rakesh Jhunjhunwala is no more.

Investor, bold risk taker, masterly
understanding of the stock
market, clear in communication - a
leader in his own right. Fondly
remember several conversations we’ve
had. Had strong belief in India’s strength
and capabilities. Condolences," tweeted
Finance Minister Nirmala Sitharaman.

He was also the promoter of Akasa Air

and Star Health & Allied Insurance.

Rakesh Jhunjhunwala was born on July 5,

1960 and grew up in Mumbai, where his
father was posted as an income tax
officer. After graduating from Sydenham
College in 1985, he enrolled at the
Institute of Chartered Accountant of
India. He is married to Rekha
Jhunjunwala, who is also a stock market
investor.

This is a developing story... Stay tuned...

FIRST PUBLISHED: AUG 14, 2022 09:02 AM

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Top cryptocurrency
news on August 14:
Bitcoin inches higher,
ethereum to upgrade
to ETH 2.0 and more
A daily round-up of the most interesting
articles on cryptocurrencies like Bitcoin,
Ethereum and Tether to help jump-start the
day

M O N E YC O N T R O L N E W S
AUGUST 14, 2022 / 10:03 AM IST

Bitcoin has lost more than half its value this year.

[content][quote]Market Buzz[/quote]
[title]Bitcoin at Rs 18.55 lakh[/title]
[circularimage]

[/circularimage][body]Cryptocurrencies
were trading in the green early on
August 14. The global crypto market cap
stood at $1.18 trillion, a 0.73 percent
increase over the previous day. The total
crypto market volume over the last 24
hours reached $56.85 billion, down 13.01
percent. The total volume in DeFi stood
at $5.09 billion, 8.96 percent of the total
crypto market 24-hour volume. The
volume of all stablecoins is now $52.02
billion, which is 91.50 percent of the total
crypto market 24-hour volume. The
price of bitcoin was Rs 18.55 lakh, with a
dominance of 39.88 percent. It is a 0.29
percent drop over the day, according to
data from CoinMarketCap. Read full
here
[/body][/content]

[content][quote]Big Story[/quote]
[title]Ethereum rallies as network
approaches merge event[/title]
[body]Ethereum’s long-awaited upgrade
—known as “the merge”—could happen
sooner than expected, on September 15
or 16, according to a prominent member
of the blockchain’s community. The
upgrade, which will complete ethereum’s
move to a proof-of-stake consensus
mechanism, was originally expected to
take place on or around September
19. Ethereum’s upgrade to ETH 2.0
means that instead of being a proof-of-
work blockchain, Ethereum will be
proof-of-stake. Read details here
[/body][/content]

[content][quote]Market Buzz[/quote]
[title]New survey shows what players
want from blockchain games[/title]
[body]Newzoo, a well-known agency
that reports games market data, recently
conducted a survey for blockchain
games. While the report showed a
general rise in gamers’ interest in P2E
games, there was significant feedback
from the respondents. Out of the total
respondents, 40 percent showed interest
in blockchain games and might try one
this year. Of the 40 percent, only 5
percent exhibit strong interest, and the
remaining 35 percent are moderately
interested. Take a look
look[/body]
[/content]

MONEYCONTROL NEWS

TAGS: #Bitcoin Price Today #crypto prices today

#Cryptocurrency news #Ethereum #MC essentials

FIRST PUBLISHED: AUG 14, 2022 10:03 AM

Cryptocurrency
Prices Today August
14: Bitcoin up,
Cardano biggest
gainer
The price of Bitcoin is currently Rs 18.55 lakh,
with a dominance of 39.88 percent. This was a
0.29 percent decrease over the day

M O N E YC O N T R O L N E W S
AUGUST 14, 2022 / 08:54 AM IST

Representational image

Cryptocurrencies traded in the green

early on August 14. The global crypto
market cap stood at $1.18 trillion, a 0.73
percent increase over yesterday. The
total crypto market volume over the last
24 hours reached $56.85 billion, down
13.01 percent.

The total volume in DeFi stood at $5.09

billion, 8.96 percent of the total crypto
market 24-hour volume. The volume of
all stable coins is now $52.02 billion,
which is 91.50 percent of the total crypto
market 24-hour volume.

The price of Bitcoin is currently Rs 18.55

lakh, with a dominance of 39.88 percent.
This was a 0.29 percent decrease over
the day, according to data from
CoinMarketCap.

In global news, Dutch authorities on

Friday said they had arrested a 29-year-
old man believed to be a developer for
the crypto mixing service Tornado Cash,
which the United States put on its
sanctions list this week, Reuters
reported.

The US sanctions announced on Monday

followed allegations that Tornado Cash
was helping conceal billions in capital
flows, including for North Korean
hackers. By mixing cryptocurrencies, the
online service makes it possible to
conceal the origin or destination of
digital payments, increasing their
anonymity.

RELATED STORIES

Top cryptocurrency
news on August 13:
Bitcoin, ethereum
inch higher;
OpenSea changes
NFT policy and ...

Cryptocurrency
Prices Today August
13: Bitcoin up,
Ethereum biggest
gainer

Vauld disagrees with

ED freeze on Rs 370-
crore bank assets for
money laundering

Tornado Cash is one of the largest

crypto blenders identified as
problematic by the US Treasury.

In India, crypto lending platform Vauld

has come out with a statement to
disagree with the Enforcement
Directorate perspective on its KYC and
AML procedures and the subsequent
freeze on its bank assets.

"It is unfortunate that despite extending

our cooperation, the Enforcement
Directorate (ED) has proceeded to pass a
freezing order, pursuant to which crypto
assets in the pool wallets of the company
have ordered to been frozen to the
extent of approximately Rs 2,040 million.
The freezing order is specific to that one
customer that availed our services for a
brief period of time, whose account we
subsequently deactivated. We
respectfully disagree with the freezing
order," Vauld said in the statement.

The ED conducted searches at various

premises of Yellow Tune Technologies at
Bangalore, and the assets frozen belongs
to Flipvolt Crypto-currency exchange,
which runs Vauld. This came exactly a
week after WazirX’s bank assets worth Rs
64.67 crore were halted in a similar same
case.

As off 8.45 am on August 14, these are the

prices of largest cryptocurrencies (data
from WazirX):

NAME PRICE (INR) 24H %

Bitcoin 18,55,187 0.71%

Ethereum 1,52,000 3.4%

Tether 77.49 1.03%

Cardano 44.3900 10.97%

Binance Coin 25,495 4.27%

XRP 29.4000 1.73%

Polkadot 690 0.14%

Dogecoin 5.4500 1.68%

Find
more blockchain
blockchain, business and market related
stories here

MONEYCONTROL NEWS

TAGS: #bitcoin #Business #crypto news #cryptocurrency

FIRST PUBLISHED: AUG 14, 2022 08:54 AM

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