Fentanyl: A Powerful but Dangerous Drug Fentanyl is a powerful synthetic opioid drug that is often used to treat severe pain. It is a Schedule II controlled substance, which means that it has a high potential for abuse and dependence. Despite its effectiveness in treating pain, fentanyl can be extremely dangerous and even deadly if used improperly. Uses of Fentanyl Fentanyl is primarily used to manage severe pain, particularly in patients who are undergoing surgery or who are experiencing chronic pain due to cancer or other serious medical conditions. It can also be used as a part of anesthesia for surgical procedures. Fentanyl is available in several different forms, including transdermal patches, lozenges, and injectable solutions. Demerits of Fentanyl The main danger of fentanyl is its potential for abuse and overdose. Fentanyl is a highly potent drug, up to 100 times more potent than morphine. It can cause a rapid onset of sedation, respiratory depression, and even coma or dea...
India Cryptocurrency Index Launched
India has first time launched its
own index on Crypto named as “IC15”.
What is Index?
India has already Bombay Stock
Index and national Stock Exchange which records and keeps an eye on equities
and companies.
But India has now is own crypto
index that will monitor the performance of 15 most traded cryptocurrencies that
are listed on crypto exchanges globally.
The IC15 index has been launched
by global crypto app that will serve as benchmark on digital platform and soon
to give varied representation across the increasingly varied crypto market.
This is help investors in
tracking the value of a group of crypto currencies than investing in any one
particular and taking risk.
Investors can avoid risk of
investing in any one crypto currency and now investing in a group of cryptocurrencies
thus having a fair index and risk.
All about Cryptocurriencies
What is Crypto Index?
The index known as IC15 is
launched by global crypto super app “Cryptowire”.
It is a rule-based market index
of top 15 cryptocurrencies as per market capitalization whose performance is
tracked.
This will be governed by a
committee and also have many domain experts, academician and industry players. This
committee will maintain the index of top 15 companies cryptos every quarter (3
months).
The base date is set at 1st
April, 2018 and base value at 10,000.
This index will capture over 80%
of market moment.
Many big cryptos like – Bitcoin,
Ethereum, Litecoin, Binance Coin, Chainlink, XRP, Bitcoin cash, Cardano,
Solana, Terra, Avalanche, Polkadot, Uniswap, Dogecoin and ShiaInu, etc.
Now the Investors and Fund
Managers can monitor performance of crypto market.
Help to India?
People eager to invest in crypto
can now invest in a group rather than in a single crypto.
Will reduce the chance of risk i.e.,
a group of crypto will have low risk than single crypto as like in share
market.
Existing investors can now easily
keep a track on their investment and diversify further
Commonly believed that crypto
market runs on speculation will be lowered down by watching the performance in
index
Is it Legal?
Trading and investing in crypto
is allowed in India but no such clear laws are available on its regulations.
SEBI has already barred many
mutual fund players from making crypto investments till laws are in place.
Central Government has also planned
to introduce crypto currencies bill in parliament soon.
Comments
Post a Comment