Page 50 - Cryptocurrency

'Informal pressure' from RBI forced us to halt UPI payments: Coinbase CEO

The US-based and Nasdaq-listed crypto exchange had halted payments via unified payments interface mode on its app in India last month

Top headlines: SBI to raise up to $2 bn in FY23; Asian Paints Q4 net slips

Business Standard brings you the top headlines on Tuesday

Stablecoin Terra's broken dollar peg hits wider cryptocurrency markets

TerraUSD, the world's fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin's tumble below $30,000 for the first time

Mayhem in crypto market as Bitcoin dips below $30,000-mark, investors panic

The overall global cryptocurrency market dropped 13 per cent, and was hovering around $1.37 trillion market cap, which is its lowest this year

Bitcoin falls to 22-month low of $31,763 as stock markets tumble

Bitcoin dropped to as low as $32,763.16 shortly before 1100 GMT, in its fifth consecutive session of falling.

Dollar hits 20-yr-high amid rising US rates, Ukraine war, China's lockdown

The dollar's gains were set against sliding stockmarkets and sent it ahead against other havens, commodity currencies and emerging market currencies alike

Bitcoin value drops by 50% since Nov peak; Ethereum falls 10% in a week

The slide in the value of digital assets comes as stock markets around the world also dropped in recent days

Chinese yuan down 567 pips to 6.68 against US dollar amid economic slowdown

Amid the COVID-19 induced slowdown, the Chinese economy faces twin challenges of the shrinking job market and an aging population, according to a report

High taxes on crypto will disincentivise compliance

Taxes are best-placed to meet their objective if they incentivise compliance

Cryptocurrencies in free fall after biggest Fed rate hike in two decades

On Sunday, Bitcoin was hovering around $34,400 and ethereum, which is the second largest cryptocurrency, plunged 4.8 per cent to $2,545.

FM Sitharaman flags anonymity as 'inherent risk' in use of blockchain

Finance Minister Nirmala Sitharaman flagged anonymity as an "inherent risk" in blockchain technology and called for taking precaution in future with a rise in the use of this technology

US chipmaker Nvidia fined $5.5 mn over crypto mining disclosures in US

US SEC's order claims Nvidia misled investors by reporting a huge boost in revenue related to "gaming", hiding how much its success relied on the far more volatile crypto market, reports The Verge

California moves to consider adoption and regulation of digital currencies

Gov. Gavin Newsom signed an executive order for state agencies to move in tandem with the federal government to craft regulations for digital currencies

OnMobile's gaming platform ONMO enables Bitcoin payment for players globally

OnMobile Global spurts on launching Crypto payments for players globally

US doubles down on efforts to fight rising cryptocurrency frauds

Cryptocurrency scammers netted $7.7 billion worth of cryptocurrency from victims in 2021, an 81 per cent rise in losses compared to last year.

Warren Buffett won't pay even $25 for all Bitcoin in the world

As Bitcoin hovers in the range of $38,000-$40,000 per digital coin, billionaire Warren Buffett has said that he will not even pay $25 for all the Bitcoin in the world.

Now, Central African Republic says Bitcoin is its official currency

The country is following the lead of El Salvador, which in September became the first nation to introduce Bitcoin as legal tender

India will adopt a considered view on crypto: FM Nirmala Sitharaman

The decision on crypto will not be rushed through, she said in an interaction at Stanford University.

Sensex down 507 pts; Nifty holds 17,000 level