Page 29 - Cryptocurrency

91 tech companies lay off over 24,000 employees in first 15 days of January

The number of layoffs reached its nadir in November, which saw 51,489 tech workers lose their jobs

Cryptos are nothing but gambling, their value only make-believe: RBI Guv

On the CBDC being piloted now, he said central banks issued digital currencies are the future of money and its adoption can help save on logistic and printing costs

Crypto wrap: Market recovers after weeks due to softening of inflation

The US inflation cooled down to 6.5% in December as compared to a year ago

15 mn Bitcoin stagnant in past 6 months amid cryptocurrency winter

In a significant concern for many in the cryptocurrency community amid the deepening crypto winter, the total amount of inactive Bitcoin (BTC) for at least six months has grown to over 15 million

WazirX's reserves at $284.4 million, highest in the form of Shiba Inu

Indian crypto exchange's reserve-to-liability ratio stands at 1:1

CoinSwitch says it has a surplus of users' crypto assets worth Rs 1,083 cr

Exchange says it has enough reserves to meet withdrawals made by its users even in "turbulent" times

Crypto wrap: Market up but Gemini-DCG fiasco poses threat, say experts

Co-Founder of crypto exchange Gemini Cameron Winkelvoss gave a soft ultimatum to Digital Currency Group (DCG) CEO Barry Silbert to collaborate on repaying Genesis by January 8

Indian crypto exchange trade down by Rs 32k cr since 30% tax kicked in

The current tax architecture may lead to a loss of approximately Rs 99.3 trillion of local exchange trade volume in the next four years, says the study by The Esya Centre

US regulators issue their first-ever joint warning on cryptocurrency risks

Banks were also cautioned over the "contagion risk" from the sector

Cryptocurrency winter wipes out over 70,000 Bitcoin millionaires in 2022

Crypto winter wiped over 70,000 Bitcoin millionaires in 2022, as the recent volatility experienced by top cryptocurrency resulted in millionaire holders suffering significant losses, a report showed

Are we ready for the political compromises a digital currency may warrant?

It took 300 years for trust in currency to become total and unquestioned, and now digital currency brings with it some new challenges for it

International regulation needed for crypto activities, says Reserve Bank

Noting that there is turmoil in crypto assets market, the Reserve Bank of India (RBI) has suggested a framework for international regulation of such crypto activities

'Important to arrive at a common international approach to crypto': RBI

Financial Stability Report: The FTX turmoil, RBI said, revealed that crypto is highly volatile, exhibits high correlations with equities and does not act as a hedge against inflation

Website Redesign, New Tokens, Pricing, and Merchant Model Updates for B2BinPay

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Indian crypto exchanges stay put in business after 'a year to forget'

Tax burden, regulatory uncertainty and the shock of FTX collapse pulled down domestic companies

Crypto Exchange Bitget records 200% growth in India since launch in 2022

Leading cryptocurrency exchange Bitget has recorded over 200% growth for digital assets' trading volumes in the India market since its launch in early May '22

Missed inflation target, digital currency pilot mark RBI's 2022 map

The Indian situation on inflation was not as bad as many other countries experiencing record price rise, which served as a consolation

Cryptocurrency in 2022: What it was, what it is, and what to expect in 2023

Cryptocurrency: Business Standard talked to various crypto firms in India about how 2023 will be for the industry. Here's what they said

2022: A banking year marked by three Cs

The relentless fight against Cryptocurrencies, CBDC taking baby steps, and bank Credit growth at a decadal high

Global handset revenue decline by 3% YoY to around $100 billion: Research

The global smartphone handset market's revenue declined 3 per cent (on-year) in Q3 2022 to just above $100 billion, according to latest research.