Page 37 - Cryptocurrency

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

Indian blockchain industry hails Ethereum upgrade for greener crypto

Prashant Kumar, Founder and CEO at weTrade, said that with a successful Merge, Ethereum can await new investors as it transitions to this 2.0 version

'Inflation has peaked' narrative premature, impact to stay: Crypto experts

Bitcoin, the largest cryptocurrency by market cap, has fallen nearly 10 per cent since the Fed announcement of the inflation figures and was trading at $20,367.16 on Wednesday

Binance gains big as crypto traders flee Indian exchanges to escape taxes

Downloads of Binance's app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX,

Indian citizen pleads guilty in 1st ever crypto insider trading case in US

This is the first time that a defendant has admitted his guilt in an insider trading case in the US involving the cryptocurrency markets

Cryptoverse: Ether snaps at bitcoin's heels in race for crypto crown

The Merge, expected to take place on Thursday, could lead to wider use of the blockchain, potentially boosting ether's price - although nothing is certain in a capricious crypto market

WazirX says ED has unfrozen bank accounts, allowing it to continue ops

Cryptocurrency exchange platform said it is cooperating with agency in its investigation of 16 fintech companies and instant loan apps

Ethereum blockchain to undergo major software upgrade to cut energy use

'Merge' software upgrade to take place in coming days; Google estimates Merge will happen on Thursday