Big drop in cryptocurrency, bitcoin falls below $ 30,000

Big drop in cryptocurrency, bitcoin falls below $ 30,000

Business Desk: The price of Bitcoin, the world's largest, oldest and most popular cryptocurrency, plunged below $30,000 for the first time since June 22. During trading today, it fell more than 6 percent and its price was $ 29,671.9. Its price fell to $29,614 on June 22, its lowest level since January 27.

In mid-April, the price of bitcoin had crossed $64 thousand, but since then it has declined significantly. The price of bitcoin is less than half of its peak point. The price of Ether, the world's second largest cryptocurrency, also fell by 8 per cent to $1734. Dogecoin, which started out as a joke, also fell 5 per cent to $0.16.

The biggest drop in Polkadot is the fall in the
prices of Cardano, XRP, Litecoin and Uniswap, down more than 5 percent in the last 24 hours. The price of Polkadot has fallen by 12.24 percent in the last 24 hours. This is not a good time for cryptocurrencies. One after the other the co-founders of cryptocurrencies are leaving the industry. This is the reason why investor confidence in cryptocurrencies is waning.


Amazon India to set up digital centers in various cities to support small industries

Amazon India to set up digital centers in various cities to support small industries

New Delhi: E-commerce company Amazon India is planning to open digital hubs in various cities to connect Micro, Small and Medium Enterprises (MSMEs) with its platform and empower them in online business. These centers will help small industries in their digital business by providing awareness and related facilities about e-commerce and will accelerate their growth.

Pranav Bhasin, Director (MSME, Sales Partner Experience), Amazon India said this. The company has opened a digital center for MSMEs in Surat, Gujarat earlier this month. This center will act as a resource center and will help in meeting the needs of MSMEs as well as solving their problems. Through these centers, the company will provide awareness and understanding about e-commerce, export market information, etc. 

Bhasin said, “We have planned to set up digital centers near clusters of small industries in the country to empower MSMEs in the field of digital business and to address their problems.” However, he did not say that Amazon. In which cities and by when India plans to open such digital centers. It is noteworthy that MSMEs play an important role in the country's economy. It contributes about 30 percent of the total Gross Domestic Product (GDP) and 48 percent of the exports. 

Bhasin said, “We recently opened the first Amazon Digital Center in Surat, Gujarat. This center will cater to all the needs of MSMEs to become digital entrepreneurs. In this, MSMEs will be given all kinds of support in terms of benefits of e-commerce and logistic support, digital marketing, GST and taxation. are MSMEs. These centers will help them in their digital business and accelerate their growth. We have set a target of digitally enabling one crore MSMEs by 2025, including through Amazon Digital Center. 

On benefits to MSMEs from e-commerce, Bhasin said, “From the beginning, we have been focused on digitally empowering MSMEs and other vendors by using technology to connect and reduce operational costs for them. . Our investments in technology and infrastructure have fueled their growth." He said, "It is because of our efforts that today lakhs of small and medium businesses are joining us. 

More than 10 lakh artisans and weavers and over 1.5 lakh local offline stores are working with Amazon through franchisees. More than 70 thousand small manufacturers have now launched global brands and exports have already crossed $3 billion.” He added that Amazon.in has more than 8.5 lakh sellers and more than 90 per cent of them are MSMEs. . More than fifty percent vendors are from small and medium towns like Aligarh in Uttar Pradesh, Angul in Odisha, Idukki in Kerala.