Page 35 - Cryptocurrency

Will rate hikes spell more trouble for crypto markets?

The US Fed's aggressive monetary tightening policy has spelt trouble for the crypto markets. Find out the road ahead for the crypto markets, as global central banks affirm to higher interest rates

Fake call centre in Gurugram duping foreigners busted; 9 arrested

Police busted a fake call centre in Gurugram that has been allegedly duping US nationals using cryptocurrency on the pretext of providing them federal grants

Bitcoin jumps past $20,000, helps cryptos scale $1 trillion-mark

The largest token added as much as 6.1% as of 12:30 p.m. in Tokyo, reaching the highest in more than a week. Ether, Solana and Avalanche also rose

8 US states sue crypto platform for lying to investors, not registering

Cryptocurrency platform Nexo has been sued by New York, California and 6 other states for failing to register with the state as securities and commodities brokers or dealers and lying to investors

India operations to offer post-trade products to global clients: OSTTRA

London-based company says Indian team supports its international clients, solves operational problems

Crypto exchange Binance seeks permit to return to Japan market after 4 yrs

Binance, the world's biggest cryptocurrency exchange, is seeking a license to operate in Japan, four years after retreating from the country as it didn't have a permit

NFT startups shun Apple App Store due to high commission, tough rules

NFT trading startups do not want to sell their offerings through Apple App Store because 30 per cent commission on in-app purchases, and other tough rules, will bleed them out

Bitcoin touches lowest level since December 2020 after Fed's 75 bps hike

As of 12 PM (IST), Bitcoin was trading at $18,735, and Ethereum was at $1,272. The total crypto market cap is now nearing $900 billion

JP Morgan CEO Dimon slams crypto tokens as 'decentralised Ponzi schemes'

"I'm a major skeptic on crypto tokens, which you call currency, like Bitcoin," the JPMorgan Chase & Co CEO James Dimon said

Bank, crypto apps under attack: Everything you must know about SOVA virus

A new version of the Trojan virus, SOVA, has reportedly targeted over 200 mobile banking and crypto apps and is stealing their login credentials, and cookies

Cryptoverse: After Merge, ether heads for a $20-bn Shanghai splurge

The next significant upgrade for Ethereum is the 'Shanghai', expected by market participants in around six months' time, which is aimed at reducing its high transaction costs

Bitcoin touches 3-month low; Ether extends fall since 'Merge' update

Investors are bracing for volatility from the jumbo Federal Reserve interest-rate hike expected Wednesday to fight price pressures.

Govt working on GST on crypto transactions, defining legal framework

The government is working on a comprehensive indirect tax regime for crypto assets which will check revenue loss to the exchequer

Top Headlines: Govt slashes windfall tax, Adani overtakes Tata, and more

Business Standard brings you the top headlines at this hour

Fast-tracking of status on cryptocurrency assets may be in works

India, like many other countries, is currently not FATF-compliant on crypto assets

Crypto wrap: What to expect from the market after Ethereum's 'Merge'

With Merge, Ethereum has transitioned from a proof-of-work (PoW) mechanism to a proof-of-stake (PoS). It is expected to cut energy consumption for minting the digital tokens by 99.5 per cent

Crypto wrap: 'Merge' in focus, inflation figures still key, say experts

Bitcoin, the largest crypto token by market capitalisation, was trading at $21,750 on Friday. On Monday, it had briefly hit the $25,000 mark

Blockchain trilemma: What's next for Ethereum after long-awaited 'Merge'?

The long-awaited software revision, termed the Merge, shifted the blockchain from a so-called proof-of-work system to a more energy efficient proof-of-stake method for securing the network.

Ethereum upgrades technology to cut CO2 output by 99%: Report

Even though completed, the Merge could be followed by days or even weeks of hiccups, based on what happened after some prior Ethereum software updates

Ethereum blockchain slashes energy use with 'Merge' software upgrade

The cryptocurrency ether fell as much as 4% to $1,571, a move analysts put down to a cautious mood for risk assets more generally