Page 49 - Cryptocurrency
Crypto mayhem: $3.5 bn worth Bitcoin in Terra reserve just evaporated
The global crypto mayhem last week wiped out Bitcoin worth $3.5 billion -- created to defend and support the TerraUSD (UST) stablecoin which saw a total crash
 "Crypto mayhem: $3.5 bn worth Bitcoin in Terra reserve just evaporated")
Cryptos can 'seriously undermine' monetary system: RBI tells House panel
The digital assets can lead to 'dollarisation' of economy, say top officials of the central bank.
 "Cryptos can 'seriously undermine' monetary system: RBI tells House panel")
Bears tighten grip on cryptocurrency market after spell of volatility
Prices crashed, exchanges facing liquidity issues
 "Bears tighten grip on cryptocurrency market after spell of volatility")
ARK's Cathie Wood just keeps buying Coinbase and getting more inflows
While the rest of Wall Street was ditching Coinbase stock, Wood and her team stuck to their playbook and used the drop to increase holdings, adding about 860,000 shares in the week through Thursday
 "ARK's Cathie Wood just keeps buying Coinbase and getting more inflows")
Crypto prices slip after Bitcoin's most volatile week in two years
Analysts say Bitcoin's $30,000 threshold will become 'a major resistance' if prices continue to consolidate below that mark over the next few days
 "Crypto prices slip after Bitcoin's most volatile week in two years")
Crypto world stabilizes after rocky week shakes dollar-pegged stablecoins
Bitcoin, the largest cryptocurrency by market value, last rose 4.85% to $29,925, rebounding from a December 2020-low of $25,400 which it hit on Thursday
Bitcoin set for record losing streak after 'stablecoin' collapse
Crypto-related stocks have taken a pounding, with shares in broker Coinbase steadying overnight but still down by half in little more than a week.
 "Bitcoin set for record losing streak after 'stablecoin' collapse")
Cryptocurrencies stabilise, bitcoin rallies after stablecoin collapse
Crypto assets have been swept up in broad selling of risky investments on worries about high inflation and rising interest rates.
 "Cryptocurrencies stabilise, bitcoin rallies after stablecoin collapse")
Equities, cryptos, metals: Most asset classes gave negative return in 2022
These negative returns have largely been triggered by panic selling by new investors who exited in droves in the backdrop of rising interest rates, inflation worries and the geopolitical tensions
 "Equities, cryptos, metals: Most asset classes gave negative return in 2022")
Crypto collapse intensifies as stablecoin Tether slides below dollar peg
The sell-off has taken the combined market value of all cryptocurrencies to $1.2 trillion, less than half of where it was last November, based on data from CoinMarketCap
No RBI directive that goes against Supreme Court ruling on cryptos
In a circular issued last May, RBI asked banks and other regulated entities to not cite its April 2018 circular that imposed restrictions in dealing with virtual currencies
Over $200 billion wiped off cryptocurrency market in a day: CoinMarketCap
Bitcoin plunged by as much as 10 per cent in the last day to its lowest level since December 2020, while Ethereum dropped as much as 16 per cent
Terra developers halt new transactions on stablecoin blockchain
The value of Luna fell close to zero on Thursday, while UST remained around 36 cents
 "Terra developers halt new transactions on stablecoin blockchain")
Top headlines: Retail inflation soars to 7.79% in Apr; L&T Q4 net rises 10%
Business Standard brings you the top headlines on Thursday
 "Top headlines: Retail inflation soars to 7.79% in Apr; L&T Q4 net rises 10%")
Terra Luna cryptocurrency collapses 98%, investors lose life savings
The dramatic crash of Terra (Luna), ranked among the top 10 most valuable cryptocurrencies, has wreaked havoc in the lives of investors who are feared they will become homeless after the crypto mayhem.
Crypto billionaires' vast fortunes destroyed in weeks amid global sell-off
Billionaire crypto fortunes that swelled over the last two years are disappearing after a selloff that began with tech stocks spilled over into digital money
Bitcoin falls to lowest in 16 months by $26,970, giving up 2021 gains
The world's largest cryptocurrency dropped as low as $26,970, to stand at its lowest since Dec. 28, 2020. In the last eight sessions, it has lost a third of its value, or $13,000
 "Bitcoin falls to lowest in 16 months by $26,970, giving up 2021 gains")
Dollar hovers near two-decade high of 103.92 as US inflation moderates
The consumer price index climbed 8.3% on an annual basis in April, easing from 8.5% in March but outstripping the 8.1% estimate of economists
 "Dollar hovers near two-decade high of 103.92 as US inflation moderates")
Coinbase admits RBI's use of informal pressure prompted halting of trade
The comments by Coinbase's Armstrong bring forth the challenges that the crypto industry is facing
 "Coinbase admits RBI's use of informal pressure prompted halting of trade")
Coinbase new disclosure does not mean crypto firm risks bankruptcy: CEO
Coinbase would take further steps to ensure it offered protection for its retail customers, says Brian Armstrong.
 "Coinbase new disclosure does not mean crypto firm risks bankruptcy: CEO")