Bitcoins

Asian shares were mixed Wednesday after stocks on Wall Street held steadier as both bond yields and bitcoin stabilised. US futures rose and oil prices edged higher. Tokyo's Nikkei 225 jumped 1.6% to 50,063.65 on big gains for technology shares like Tokyo Electron, which jumped 5.6%. Adventest, a maker of computer chip testing equipment, surged 6.9%. Technology and telecoms giant SoftBank Group Corp. surged more than 8% following reports that its founder, Masayoshi Son, regretted having to sell shares in computer chip maker Nvidia to help pay for other investments. The company's share price sank after it announced last month that it had sold the shares for $5.8 billion. South Korea's Kospi also got a lift from tech shares, gaining 1.2% to 4,042.40. Shares in Samsung Electronics, the country's biggest company, rose 1.8%. But Chinese markets declined following the release of data showing weaker factory activity. Hong Kong's Hang Seng fell 1.1% to 25,797.24, while the Shanghai Compo

Bitcoin, the world's most valuable cryptocurrency, has fallen 21.2 per cent in November, raising losses over the past three months to 23.2 per cent

With the, apparently coincidental, four-year anniversary of the last big tightening coming up this month, expect the next move by authorities to be a change of heart, a relaxation

Crypto markets are gaining momentum as Bitcoin has bounced back, surpassing $87,000 after dipping to $74,500 earlier this month

Crypto miners depend heavily on Chinese suppliers like Bitmain Technologies Ltd. which, while Beijing-based, routes a lot of machinery through Southeast Asia

US President's decision comes a day before he is slated to meet with executives from the cryptocurrency industry at the White House

At present, CoinSwitch has a base of over 20 million users. The programme aims to target about 4 million users of the WazirX platform

Trump made the pledge in a post on his Truth Social account in June after meeting at Mar-a-Lago with a group of executives from crypto miners

At present, industry estimates suggest that India has around 40 million active crypto investors

The effort succeeded last week, with many of the industry's chosen candidates winning their races, potentially ushering in a Congress poised to champion crypto

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.22 per cent in early trade, tracking a decline in Chinese assets

Bitcoin is viewed by some as a so-called Trump trade because Republican presidential nominee Donald Trump embraced digital assets during campaigning

He also pledged to form a crypto industry presidential advisory council, create a stablecoin framework, and called for a scale-back in enforcement

WazirX confirmed the security breach on X. The firm has temporarily paused customer withdrawals

Trump presented himself during a San Francisco fundraiser in June as a champion for cryptocurrencies and slammed Democrats' attempts to regulate the sector

Zhao pleaded guilty in November for failing to implement an adequate money laundering program at Binance

The original cryptocurrency is down 14% in April, the most since it slumped 16% in November 2022. The US-ETF induced mania took Bitcoin to a record high of almost $74,000 in March

At current elevated prices, prospective buyers should opt for staggered purchases

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After facing a slump in 2023, Bitcoin prices seem to be recovering this year as recently it inched closer to its record high since November 2021.