Page 38 - Cryptocurrency

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

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

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

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

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

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.

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

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.

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

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

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

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

RBI turns net seller of US currency in June; sells $3.719 bn: Data

Reserve Bank of India turned net seller of the US currency in June after it sold $3.719 bn on a net basis, the central bank data showed

Crypto scam revenue slips 65% amid economic downturn

As the global downturn continues, the crypto scam revenue for 2022 also dropped 65 per cent at $1.6 billion this year, lower than where it was through the end of July in 2021.

Amid global crypto meltdown, Crypto.com lays off even more employees

Crypto lending exchange Crypto.com has laid off more employees in the second round and this time, the firing of employees is worse than the previous job cut, as the global crypto meltdown gets deeper.

WazirX controversy bares crypto's vault of trade secrets in India

The ED found that large amounts of funds were diverted by the fintech companies to buy crypto assets and then launder them abroad

Cryptocurrencies' rally cools as Ethereum upgrade optimism loses steam

Matt Maley, chief market strategist at Miller Tabak & Co, said that the pullback was natural, as investors took 'some chips off the table'