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71% Indians have low or zero trust in cryptocurrencies as India seeks to block most cryptos in new Bill | Technology News

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New Delhi: As the government is all set to bring a Bill to ban all private cryptocurrencies in India, a survey by LocalCircles has found that Indians currently have low levels of trust in international cryptocurrencies.

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, is listed for introduction in the Lok Sabha in the winter session, scheduled to begin from November 29, as the government is looking to bar most private cryptocurrencies in India.

LocalCircles is a Community Social Media platform and pollster on issues of governance, public and consumer interest. The study found that 51 percent want India to roll out its own digital currency, 54 percent Indians do not want government to legalize cryptocurrencies but tax them like a digital asset held abroad while 26 percent say they should be legalized and then taxed in India.

The survey found that 71 percent Indians have low or zero trust in cryptocurrencies while 1 percent have high trust.

“In response, only 1% said they have a “high” trust in cryptocurrency. 12% said they have an “average” trust, and 22% said it is “low”. 49% of Indians studied said they have “zero or do not trust at all”. 16% did not have an opinion. On an aggregate basis, 71% of Indians studied have low or zero trust in cryptocurrencies while 1% have high trust. report added.

The LocalCircles study received more than 56,000 responses from citizens residing in 342 districts of India. 66% of were men while 34% of were women. 42% of were from tier 1, 33% from tier 2 and 25% were from tier 3, 4 and rural districts.

The study further found that 87% of Indian families do not have anyone trading or investing in cryptocurrencies.

“On an aggregate basis, 87% of Indian families do not have anyone trading or investing in cryptocurrencies. This question in the study received 10,117 responses,” said LocalCircles study.

74 percent Indians believe cryptocurrency advertisements are not highlighting the risks involved in an effective manner. While only 5 percent Indians are in favor of continuing cryptocurrency platform advertisements as is, 76 percent want advertising to be on hold till regulations are ready.

LocalCircles added that it will share the findings of this study with key stakeholders in the Central Government, the Reserve Bank of India and all Member of Parliament so public feedback is kept at the forefront as the “Cryptocurrency and Regulation of Official Digital Currency Bill 2021” is taken up for discussion and approval in the parliament in a few weeks.

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Google Doodle for Thanksgiving 2021 celebrates togetherness

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On the fourth Thursday of November, Americans traditionally pause to reflect and be grateful for the bountiful blessings we have in our lives. For many, that value is rooted in warm and much-anticipated gatherings with family and friends.

Following last Thanksgiving, when get-togethers were muted by the coronavirus pandemic, Google is marking this year’s celebration of all that we’re grateful for with an animated doodle that reflects togetherness. In Thursday’s Google Doodle, which is reminiscent of the 1950s movie theater intermission ad Let’s All Go to the Lobby, the standard fixins of a traditional Thanksgiving dinner happily join in a joyful march.

The Doodle’s holiday parade is led by a gravy boat (because everyone is actually tracking its progress around the table) and includes an ear of corn, a yam, a potato, a slice of pumpkin pie and a cranberry.

The annual tradition of giving thanks, which this year marks its 400th anniversary, was formalized by President George Washington in 1789 and became a federal holiday under President Abraham Lincoln in 1863. The date of Thanksgiving changed to the fourth Thursday in November under President Franklin D. . Roosevelt in 1941 and is now synonymous with turkey, stuff and the annual day-after Black Friday bargain hunting.

Happy Thanksgiving. Now, let’s eat!


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Elon Musk’s One-word ‘Advice’ For Dogecoin Cryptocurrency Owners

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Tesla CEO Elon Musk has been quite vocal about his faith in Dogecoin, the meme-coin cryptocurrency that shot up in value earlier this year. Now, Musk has some advice for Dogecoin owners. In a response to Bill Lee, the founding partner at West Coast Holdings and an investor in Musk’s companies, Musk agreed with the fact that till the wallet keys are not in a user’s possession, they should not consider the holdings as “their own.” In a one-word response, Musk said “Exactly,” responding to a tweet from Lee, who said “not your keys, not your crypto,” in a response to a tweet saying that the idea of ​​MyDogeWallet, a Dogecoin Metaverse gateway is to break the dependence on exchanges like Binance and Robinhood.

“The core focus of the @MyDogeOfficial vision is to break the dependence on CEXs like binance and robinhood and let #shibes take custody of their own coins!” a Twitter user who goes by the username @MyDogeCTO said. To this, Lee replied saying , “not your keys, not your crypto.” Musk strongly agreed with Lee with his one word response – “Exactly.”

Musk did not elaborate his point, but the Tesla CEO is a supporter of people holding their own assets rather than let an exchange like Binance and Robinhood take care of it. Another reason for this is that hackers usually target big exchanges as they are meaty targets. Robinhood, for example, said earlier this month that its servers have been breached by an unauthorised third-party.

Musk has been a vocal supporter of Dogecoin, a meme-coin that came from a Shiba Inu meme. Musk has on multiple occasions urged Dogecoin owners to hold their coins, as the Tesla CEO expects Dogecoin’s value to shoot up “to the moon.”

Recently, Musk lashed out at Binance over the cryptocurrency exchange limiting withdrawals for Dogecoin. “Hey @cz_binance, what’s going on with your doge customers? Sounds shady,” Musk tweeted on Tuesday. An upgrade of the Dogecoin network on November 10 seems to have caused an issue with withdrawals, Binance said in a statement the next day.

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Redmi Note 11 4G phone launched with 50MP camera and 5,000mAh battery, know the price…

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The Redmi Note 11 4G smartphone has been launched as the latest addition to the Redmi Note 11 series, which already includes the Redmi Note 11 5G, Redmi Note 11 Pro 5G and Redmi Note 11 Pro+ 5G smartphones. The new Redmi Note smartphone is a slightly modified version of the existing Redmi 10 and Redmi 10 Prime, which were launched in India in September. The Redmi Note 11 4G phone has a 90Hz refresh rate display and triple rear camera setup. This phone is equipped with Octa-core MediaTek Helio G88 processor, with which 6 GB RAM is present.

Redmi Note 11 4G price, availability

The price of 4 GB RAM + 128 GB storage variant of Redmi Note 11 4G is CNY 999 (approximately Rs 11,700). At the same time, the price of 6 GB RAM + 128 GB storage variant is CNY 1,099 (approximately Rs 12,800). Both the variants of the Redmi Note 11 4G phone come in three color options, which are Dreamy Clear Sky, Mysterious Blackland and Time Monologue. The sale of the phone will be started in China from December 1.

Information about when the Redmi Note 11 4G phone will be launched in other markets outside China has not been made public at the moment. However, it can be introduced in other markets with the new Redmi 10 (2022) name.

The Redmi Note 11 5G series was launched in China last month with prices starting at CNY 1,199 (approximately Rs 14,000). This price is of Vanilla Redmi Note 5G. The 6 GB RAM + 128 GB storage variant of the Redmi Note 11 Pro phone is priced at CNY 1,599 (approximately Rs 18,700). Talking about the most premium smartphone, Redmi Note 11 Pro+, the price of its 6 GB RAM + 128 GB storage variant starts at CNY 1,899 (approximately Rs 22,200).

Redmi Note 11 4G specifications

The dual SIM (Nano) Redmi Note 11 4G phone runs MIUI 12.5 based on Android 11. The phone has a 6.5-inch full-HD + (1,080×2,400 pixels) display, with 90Hz refresh rate and 20: 9 aspect ratio. The phone has 180 Hz touch sampling rate and 1500:1 contrast ratio. Apart from this, the Redmi Note 11 4G phone is powered by MediaTek Helio G88 processor coupled with up to 6GB of LPDDR4x RAM. For photography, the phone has a triple rear camera setup, which includes a 50-megapixel primary sensor, 8-megapixel ultra-wide-angle sensor, and a 2-megapixel macro sensor. The phone has an 8-megapixel sensor for selfies and video calls. Let us tell you, both the Redmi 10 and Redmi 10 Prime phones were equipped with quad rear camera setup, which also had an additional depth sensor of 2 megapixels.

The phone has up to 128 GB of storage, which can be expanded up to 128 GB EMMC 5.1 via micro SD card. Connectivity options include 4G, Wi-Fi, Bluetooth v5.1, GPS/ A-GPS, Infrared (IR) blaster and USB Type-C port. Sensors include accelerometer, ambient light, magnetometer and a proximity sensor. There is also a side-mounted fingerprint sensor.

The phone has a 5,000 mAh battery, with which 18W fast charging support is available. The Redmi 10 Prime phone came with a 6,000 mAh battery. The dimensions of the phone are 161.95×75.53×8.92mm and 181 grams.


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