Page 54 - Cryptocurrency

No plans to introduce cryptocurrency, Centre says in Rajya Sabha

RBI is currently working towards a phased implementation strategy for introduction of CBDC

ED investigating 7 cases of cryptocurrency usage in money laundering

The Enforcement Directorate is investigating 7 cases in which cryptocurrency has been used for money laundering and has so far attached proceeds of crime worth Rs 135 crore, Parliament was informed

Tug-of-war between newbies & top 1% has Bitcoin range-bound

Bitcoin's been clinging to a range between $32,000 and $47,000, which is proving tricky to break out of

Finance ministry working on consultation paper to deal with cryptoassets

RBI has publicly expressed strong reservations against permitting cryptocurrencies

Indian-American among 2 indicted in US for role in crypto money laundering

Two persons, including an Indian-American, have been indicted by a US court for their roles in a cryptocurrency money laundering scheme, the Department of Justice said.

Crypto brain drain is 'crazy' in India, says Polygon co-founder Nailwal

India's dithering on whether to embrace digital assets is causing thousands of developers, investors and entrepreneurs to leave for places with more friendly regulation, said Polygon co-founder

Bitcoin drops below $40,000 as Biden-inspired optimism fades

Most of the top cryptocurrencies were down at least slightly in the 24 hours to 4:15 p.m. Hong Kong time

Bitcoin tops $42,000 as Biden kick-starts US cryptocurrency oversight

The largest cryptocurrency rose as much as 10 per cent to $42,427 on Wednesday morning in New York, its highest level since March 2

Bitcoin rallies after Biden signs executive order on digital assets

Biden's order will require the Treasury Department, the Commerce Department and other key agencies to prepare reports on 'the future of money' and the role cryptocurrencies will play

President Biden signs order on cryptocurrency as its use explodes

Biden signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency.

Top headlines: MFs log Rs 19,705-cr net inflow in Feb; Bitcoin tops $42,000

Business Standard brings you the top headlines on Wednesday

Bitcoin tops $42,000 as Yellen lauds 'historic' crypto overhaul

Yellen praised an upcoming order from Biden in a statement on Treasury's website that was later removed, saying it strikes the right balance between fostering innovation and addressing potential risks

Joe Biden expected to sign executive order on cryptocurrency this week

President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded

Paresh Maity joins NFT bandwagon, collection to be auctioned on March 4

With five of his paintings going under the hammer on an NFT marketplace on Friday, leading contemporary painter Paresh Maity becomes the new artist dipping his toe into the world of metaverse

Indian founder on the run in global $2.4 bn crypto ponzi scheme

Satish Kumbhani, founder of crypto BitConnect who has been indicted in the US for running a $2.4 billion crypto ponzi scheme, has likely "relocated from India to an unknown location" abroad

Bitcoin tops $44,000 in tentative comeback as portfolio hedge

Bitcoin can benefit from some of the instability which will likely befall the dollar and euro as a result of worsening international tensions, says an expert

BitConnect's indicted founder Satish Kumbhani has disappeared, says SEC

BitConnect used money from new investors to pay earlier ones, the U.S. said.

Ukraine raises over $15 mn in crypto post Russian invasion

These applicants eligible for the waiver are students (F, M, and academic J visas), workers (H-1, H-2, H-3, and individual L visas), Culture and extraordinary ability (O, P, and Q visas).

Bitcoin hovers around $39K amid talks of Russia-Ukraine dialogue

Earlier, the global crypto market lost nearly 10 per cent of its value as Russia invaded Ukraine on Thursday

Indian founder of cryptocurrency company indicted for $2.4 bn fraud

The founder of cryptocurrency investment platform BitConnect, an Indian national, has been indicted on charges of orchestrating a global Ponzi scheme worth $2.4 bn, federal prosecutors said.