Page 48 - Cryptocurrency

Top headlines: May retail inflation eases; two broadcasters for IPL

Business Standard brings you the top headlines on Monday

Crypto market value slumps under $1 trn for first time since Jan 2021

The largest cryptocurrency, bitcoin, was down more than 9% on the day, falling to an 18-month low of $23,950

Blockchain-based DeFi platforms need scrutiny, experts warn investors

As cryptocurrencies nosedive, investors of DeFi (decentralised finance) platforms need to exercise "caution and scrutiny" amid growing concerns about certain type of cryptocurrencies, warn experts

Yen falls to lowest level since 1998 vs dollar as US yields march higher

The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove US Treasury yields higher

Crypto extends tumble into weekend after US inflation data; Ether falls 5%

Total long crypto liquidations were above $100 mn for a third straight day on Sunday, after $258 mn on Friday and $290 mn on Saturday, according to data from Coinglass

Independent global survey by CompoSecure identifies Asia Pacific region having highest interest in metal payment cards

Independent global survey by CompoSecure identifies Asia Pacific region having highest interest in metal payment cards

Consumer affairs ministry to set up panel for FAQ on cryptocurrencies

Calls meeting to discuss complaints against edutech firms

Jack Dorsey, Jay-Z partner on Bitcoin educational programme in US

Twitter co-founder and Block CEO Jack Dorsey on Friday partnered with artist Shawn Carter, popularly known as Jay-Z, to launch The Bitcoin Academy -- an educational initiative in New York

Cryptocurrencies don't appear to be true financial innovation: India's CEA

They are a case of 'regulatory arbitrage' and could be risky for the country, says Nageswaran

Top headlines: Credit cards to be linked to UPI, rate hike to push up costs

The Reserve Bank of India (RBI) on Wednesday allowed linking of credit cards to Unified Payments Interface (UPI)

Goods or services? GST law committee's cryptocurrency dilemma

Tax treatment decision after there's clarity on classification

Govt clarifies rate of TDS on virtual digital assets continues to be 1%

The 1% TDS will be applicable from July 1, 2022

'Cash doesn't crash'

Cashlessness doesn't actually limit crime but it does limit access to the levers required to commit large white-collar crimes

Edge launches Mastercard, enables users to spend with Bitcoin, Dogecoin

Edge Mastercard users sell their Bitcoin to the card when adding funds in the app, while merchants receive funds in USD

Cryptoverse: The early birds are betting bitcoin is bottoming out

If you're getting into crypto at these levels, a little near-term volatility could be worth a long-term payoff, says an asset manager

How Binance became a hub for hackers, fraudsters and drug traffickers

In as little as nine minutes, using only encrypted email addresses as identification, the Lazarus hackers created Binance accounts and traded crypto stolen from Eterbase, the Slovakian exchange

Double whammy: Terra investors in India lost big. Now, they face the taxman

They could be taxed as much as 30% of the value of tokens received and they won't be able to offset any gains in the new token against losses from the previous one

Bitcoin reclaims $31k level after weeks of languishing; Ether rises 5.6%

The crypto market could also get a boost from US consumer-price data later this week.

New York lawmakers pass landmark bill to limit cryptocurrency mining

have passed a milestone environmental measure designed to tap the brakes on the spread of cryptocurrency mining operations that burn fossil fuels