Page 37 - Cryptocurrency
Divide emerges between retail, pros on how to play Ether upgrade
Ethereum recently completed its last test before the upgrade, and developers said the main event should take place next month
 "Divide emerges between retail, pros on how to play Ether upgrade")
Over half of Bitcoin's daily trading volume fake globally: Report
More than half of all Bitcoin daily trading volumes are reportedly fake, as the world's largest cryptocurrency nosedives again amid global economic turmoil
 "Over half of Bitcoin's daily trading volume fake globally: Report")
Zuckerberg not qualified to run metaverse: Elon Musk's ex-girlfriend Grimes
Elon Musk's former singer-girlfriend Grimes has questioned the ability of Meta founder and CEO Mark Zuckerberg's capabilities of making his $10 billion Metaverse dream a success
 "Zuckerberg not qualified to run metaverse: Elon Musk's ex-girlfriend Grimes")
Bitcoin plunges below $20,000, may reach $10,000 level this year
After showing some stabilisation in the last few weeks, world's largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell's keynote address
 "Bitcoin plunges below $20,000, may reach $10,000 level this year")
ED inquiry on CoinSwitch not linked to money laundering under PMLA: CEO
"Enforcement Directorate-Bengaluru has been engaged with us with respect to functioning of our crypto platforms/exchanges. We are fully cooperating with them," he said in a tweet thread.
 "ED inquiry on CoinSwitch not linked to money laundering under PMLA: CEO")
Crypto wrap: Expect high volatility as inflation still a worry, say experts
Volatility in the crypto market comes at a time when the share markets too were showing high volatility, globally
 "Crypto wrap: Expect high volatility as inflation still a worry, say experts")
HNIs more cautious on foreign investment after new rules kick in
According to the new rules of the liberalised remittance system (LRS), an Indian resident can now invest $250,000 a year in foreign stocks, debt etc
 "HNIs more cautious on foreign investment after new rules kick in")
 "Helper Coin is a faith-based asset")
Cryptos' volatility seen leading to purge of 'Merge frontrunners'
Speculators have scooped up Ether call options with traders waging the token's price could rise to around $2,200 in September in the past few weeks
 "Cryptos' volatility seen leading to purge of 'Merge frontrunners'")
ED now raids CoinSwitch Kuber, firm says engaging with all stakeholders
The Enforcement Directorate (ED) on Thursday searched the premises of leading crypto exchange CoinSwitch Kuber for alleged Foreign Exchange Management Act (FEMA) violations
 "ED now raids CoinSwitch Kuber, firm says engaging with all stakeholders")
Euro bounces back to parity with the dollar as investor sentiment improves
The euro briefly rebounded back above parity with the dollar on Thursday as the US currency's recent rally ran out of steam
 "Euro bounces back to parity with the dollar as investor sentiment improves")
Explained: Ethereum set for mega 'merger' to become more energy efficient
Ethereum, the network behind the second-largest cryptocurrency by market cap (after Bitcoin), will move from a proof-of-work consensus mechanism to a proof-of-stake blockchain
Sentiment around NFTs drops 14% in companies amid crypto downturn: Report
In Q2 2022, NFTs have been the topic of more debates than ever, although opinions have changed resulting in a decrease in optimism.
 "Sentiment around NFTs drops 14% in companies amid crypto downturn: Report")
Bitcoin stuck in narrow range as traders brace for Jackson hole
Cryptocurrencies have been trading in tandem with US equities this year as both have been swayed by the Federal Reserve's interest-rate-hiking path
 "Bitcoin stuck in narrow range as traders brace for Jackson hole")
WazirX co-founder raising up to $20 mn for new blockchain venture: Report
Nischal Shetty's new venture Shardeum aims to solve the existing shortcomings of Blockchains, such as Ethereum, including low scalability, high fees, and low throughput.
 "WazirX co-founder raising up to $20 mn for new blockchain venture: Report")
The sleuths who protect cryptocurrencies from hackers are raking in money
As mass firings become the norm elsewhere in crypto, they're boosting hiring, raising prices and taking in fresh funding
 "The sleuths who protect cryptocurrencies from hackers are raking in money")
Bitcoin drops most in two months as global markets turn risk off
Bitcoin, the largest virtual coin by market capitalization, tumbled as much as 9.2% to $21,271, the biggest intraday drop since June 18
North Korea's Lazarus hackers targeting Apple Mac users with fake job post
The Mac malware campaign is new and not part of previous Lazarus campaigns
 "North Korea's Lazarus hackers targeting Apple Mac users with fake job post")
Top Headlines: CBDC rollout this FY, banks deal with sanctioned entities
The Reserve Bank of India is planning to introduce its Central Bank Digital Currency (CBDC) this fiscal year in a phased manner
 "Top Headlines: CBDC rollout this FY, banks deal with sanctioned entities")
Ethereum overhaul risks creating a new class of crypto kingpins
While there are already more than 416,000 validators lined up to order transactions, there are only a handful of participants committed to serving as builders