Page 18 - Latest Updates on Bitcoin
Cryptocurrencies stabilise, bitcoin rallies after stablecoin collapse
Crypto assets have been swept up in broad selling of risky investments on worries about high inflation and rising interest rates.
 "Cryptocurrencies stabilise, bitcoin rallies after stablecoin collapse")
Crypto collapse intensifies as stablecoin Tether slides below dollar peg
The sell-off has taken the combined market value of all cryptocurrencies to $1.2 trillion, less than half of where it was last November, based on data from CoinMarketCap
 "Crypto collapse intensifies as stablecoin Tether slides below dollar peg")
Over $200 billion wiped off cryptocurrency market in a day: CoinMarketCap
Bitcoin plunged by as much as 10 per cent in the last day to its lowest level since December 2020, while Ethereum dropped as much as 16 per cent
 "Over $200 billion wiped off cryptocurrency market in a day: CoinMarketCap")
Top headlines: Retail inflation soars to 7.79% in Apr; L&T Q4 net rises 10%
Business Standard brings you the top headlines on Thursday
 "Top headlines: Retail inflation soars to 7.79% in Apr; L&T Q4 net rises 10%")
Mayhem in crypto market as Bitcoin dips below $30,000-mark, investors panic
The overall global cryptocurrency market dropped 13 per cent, and was hovering around $1.37 trillion market cap, which is its lowest this year
 "Mayhem in crypto market as Bitcoin dips below $30,000-mark, investors panic")
Bitcoin falls to 22-month low of $31,763 as stock markets tumble
Bitcoin dropped to as low as $32,763.16 shortly before 1100 GMT, in its fifth consecutive session of falling.
Cryptocurrencies in free fall after biggest Fed rate hike in two decades
On Sunday, Bitcoin was hovering around $34,400 and ethereum, which is the second largest cryptocurrency, plunged 4.8 per cent to $2,545.
 "Cryptocurrencies in free fall after biggest Fed rate hike in two decades")
Wikimedia Foundation discontinues accepting cryptocurrencies as donation
The WMF began accepting Bitcoin, Bitcoin Cash and Ethereum donations in 2014
 "Wikimedia Foundation discontinues accepting cryptocurrencies as donation")
Now, Central African Republic says Bitcoin is its official currency
The country is following the lead of El Salvador, which in September became the first nation to introduce Bitcoin as legal tender
 "Now, Central African Republic says Bitcoin is its official currency")
Cryptoverse: Ether prepares for epic 'merge' in quest to eclipse bitcoin
The anticipation had supported ether this year, even as inflation and monetary tightening shackled bitcoin
Bitcoin touches six-week low amid risk-off mood; Ether slumps to $2,799
The second-biggest coin, Ether, slumped to $2,799, a level not seen since March 18
New gold-backed crypto shines amid Ukraine war, inflation led global gloom
By contrast, bitcoin has lost over 13% and ether is down 20%
 "New gold-backed crypto shines amid Ukraine war, inflation led global gloom")
Companies are useless in decentralised world of Web3: Harsh Rajat of EPNS
In a Q&A, company's co-founder talks about starting the company amid the pandemic, the financial machinations of Web3 organisations and his vision for the future of his firm
 "Companies are useless in decentralised world of Web3: Harsh Rajat of EPNS")
'Don't play games': SC asks Bitcoin scam accused to share info with ED
Bhardwaj's counsel contended that Pune police officers had changed the password of 2 crypto wallets and had transferred 1,200 bitcoins
 "'Don't play games': SC asks Bitcoin scam accused to share info with ED")
Cryptocurrency payments are frozen across India, hitting trading
Daily trading volumes on Indian crypto exchanges, which collectively cater to about 15 million people, has tumbled by between 88% and 96% since peaking last year, data from CoinGecko show
 "Cryptocurrency payments are frozen across India, hitting trading")
Nexo and Mastercard launch 'world first' crypto-backed payment card
It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream
 "Nexo and Mastercard launch 'world first' crypto-backed payment card")
Bitcoin declines below key technical mark as rate concerns mount
US inflation likely accelerated to 8.4% in March, the fastest pace since early 1982, economists surveyed ahead of data due Tuesday predict.
 "Bitcoin declines below key technical mark as rate concerns mount")
CBI refutes reports claiming FBI team in India to probe 'bitcoin scam'
The statement comes after the Congress on Friday asked whether the FBI is in India to investigate an alleged "Bitcoin scam"
 "CBI refutes reports claiming FBI team in India to probe 'bitcoin scam'")
The 1% tax that has India's cryptocurrency industry predicting chaos
Along with the capital gains charge, the finance ministry announced a 1% tax deductible at source, or TDS, on all digital-asset transfers above a certain size, starting July 1
 "The 1% tax that has India's cryptocurrency industry predicting chaos")
Buoyant bitcoin helps crypto market surge past $2 trillion barrier
Bitcoin's jumpiness has waned of late. Its 30-day volatility is around 4 per cent, about two-thirds the level it was in June 2021