Page 34 - Latest Updates on Bitcoin
India's proposed ban on cryptocurrencies not in line with major countries
In most major countries and blocs, regulators treat cryptocurrencies as assets and gains in these are taxed like financial transactions
 "India's proposed ban on cryptocurrencies not in line with major countries")
Govt considers blocking IP addresses of cryptocurrency exchanges
Two months ago, the government had said it intended to bring a Bill to ban private cryptocurrencies and introduce India's own digital currency in line with what China and other countries had done
 "Govt considers blocking IP addresses of cryptocurrency exchanges")
Nascent but growing crypto-universe under threat from proposed crypto ban
There is, however, some confidence that the Centre will allow, rather, promote, innovations around blockchain, the underlying technology for Bitcoin
 "Nascent but growing crypto-universe under threat from proposed crypto ban")
Decoded: What is a cryptocurrency and how does a blockchain work?
It's a virtual currency. Every crypto-coin is a unique code, like the serial number on a banknote
 "Decoded: What is a cryptocurrency and how does a blockchain work?")
Why a ban on cryptocurrency could have dire consequences for India
Just like its disastrous predecessor - demonetisation - banning cryptocurrency to fight "black money" would be like setting fire to the forest in order to smoke out a few sheep
 "Why a ban on cryptocurrency could have dire consequences for India")
ZebPay expects $2 bn-worth trades per month as crypto fever grips India
India had banned banks and other regulated entities from supporting crypto transactions in 2018. The Supreme Court removed the curbs last year in response to a petition by cryptocurrency exchanges
 "ZebPay expects $2 bn-worth trades per month as crypto fever grips India")
Morgan Stanley becomes first major US bank to offer access to bitcoin funds
In an internal memo, the bank told its financial advisers it would launch access to three funds allowing ownership of Bitcoin
 "Morgan Stanley becomes first major US bank to offer access to bitcoin funds")
Cryptocurrency inflows hit record high of $4.2 billion, CoinShares says
By Gertrude Chavez-Dreyfuss
Uncertainty around India's crypto policy is making blockchain firms anxious
Bureaucrats say they want blockchain, but not cryptocurrencies. It's as silly as wanting airports with duty-free shops but no flights
 "Uncertainty around India's crypto policy is making blockchain firms anxious")
Cyptocurrency trading frenzy fuels boom of Bitcoin ATMs in parts of US
Bitcoin's growing popularity has been the primary driver for new installations
 "Cyptocurrency trading frenzy fuels boom of Bitcoin ATMs in parts of US")
India to propose cryptocurrency ban, penalising miners, traders: Report
Officials are confident of getting the bill enacted into law as Prime Minister Narendra Modi's government holds a comfortable majority in parliament
 "India to propose cryptocurrency ban, penalising miners, traders: Report")
Bitcoin takes breather around $60,000 after retreat from record $62,000
The world's most popular cryptocurrency slipped as low as $58,956.90 early in the Asian session, falling from Saturday's record high of $61,781.83
India will not 'shut off' all cryptocurrency, wants blockchain: Sitharaman
Bitcoin, the world's biggest and earlier cryptocurrency, has crossed a record high of $60,000.
 "India will not 'shut off' all cryptocurrency, wants blockchain: Sitharaman")
At $61k, Bitcoin hits another record, leaves other asset classes trailing
Bitcoin is up about 1,000% in the past year amid signs of increasing institutional interest as well as speculative demand
 "At $61k, Bitcoin hits another record, leaves other asset classes trailing")
An unknown Indian-origin crypto investor buys an artwork for $69.3 mn
Various media reports cited that Metakova is a pseudonym of the investor, which means King of Meta in the Tamil language
Bitcoin hits record high; trades as high as $59,755 on Saturday
The cryptocurrency has been on a tear in recent months
 "Bitcoin hits record high; trades as high as $59,755 on Saturday")
Bitcoin's market valuation crosses $1 trillion again amid risk rally
The world's largest digital asset rose as much as 5.2% before trading around $57,000
Twitter's Dorsey to donate $2.5 mn from sale of his 1st tweet in Bitcoins
Twitter CEO and billionaire Jack Dorsey who last week announced to sell his very first tweet of March 6, 2006, has said that he will donate the money in Bitcoins to charity
 "Twitter's Dorsey to donate $2.5 mn from sale of his 1st tweet in Bitcoins")
Bitcoin surges for fifth day in a row, narrows gap to record high
The digital currency was trading up 3.3% at $54,206 amidst a broadly supportive risk rally, climbing toward a record high of $58,354.14
Bitcoin hits highest level in two weeks as institutions turn to crypto
Evercore technical analysis suggests prices could hit $75,000
 "Bitcoin hits highest level in two weeks as institutions turn to crypto")