Page 79 - Cryptocurrency

Wall St turns positive after choppy trading due to higher jobless claims

By Jessica DiNapoli

Bitcoin extends gain after retaking closely watched $30,000 mark

The largest digital currency rose as much as 3.4 per cent and was holding at about $30,800

Bitcoin climbs back over $30,000 as mood in financial markets fragile

Bitcoin recovered from a one-month low and broke back above $30,000 on Wednesday, suggesting firm support around that level even as the mood in broader financial markets remained fragile

Crypto firm FTX Trading's valuation rises to $18 bn after $900 mn funding

The latest funding comes as investor sentiment towards cryptocurrencies has somewhat soured after an initial euphoria earlier this year due to mounting regulatory concerns globally

Bitcoin slides below $30,000 level for the first time in a month

Some traders had viewed $30,000 as a key support that might open the way to more losses if breached

Most institutional investors expect to buy digital assets, study finds

Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study has found

Twitter CEO announces new Bitcoin based business named TBD for Square

Twitter CEO Jack Dorsey has announced to create a new business focused on building an open developer platform for Bitcoin for his financial payments company Square

Pakistan govt moves to bring cryptocurrency boom out of the dark

Pakistan has seen a boom in trading and mining cryptocurrency, with interest proliferating in thousands of views of related videos on social media and transactions on online exchanges

ECB takes first step in long march to digital euro, tackle crypto boom

The European Central Bank took a first step on Wednesday towards launching a digital version of the euro, part of a global drive to meet growing demand for electronic means of payment

China cryptocurrency miners squeezed further as Anhui halts projects

Anhui plans to shut down all crypto mining projects within the next three years due to a power supply shortage

Written down: Accounting drill keeps bitcoins from getting wider acceptance

Accountants are fitting crypto into existing categories. As an intangible asset, Bitcoin's book value can go only one way: down.

Cash is still king, for now: Diamond sale dims cryptocurrency hopes

A 101.38-carat diamond was sold by Sotheby's for HK$95.1 million ($12.3 million) to an unknown buyer using traditional currency, disappointing cryptocurrency fans

Bitcoin swings as China regulators punish company over cryptocurrency

The largest cryptocurrency had risen as much as 3.7% to $35,094 before dropping back

Explained: How cryptocurrency turbocharged the cybercrime racket

Cryptocurrency and the exchanges where digital currency can be traded anony­mously have emerged as key tools for the cyber extortionists

Best of BS Opinion: Gaps in tax reform, mapping recovery, and more

Here are the best of Business Standard's opinion pieces for Monday

To ban or not to ban cryptocurrency

As lobbying and counter-lobbying intensify, right now, it looks like a T20 match. We need to wait till the last over is bowled

An NFT of the World Wide Web source code sold for $5.4 million: Report

The code was sold by Tim Ber­ners-Lee, a computer scientist credited with writing the source code that forms the ba­s­is of the World Wide Web

Indian crypto exchanges flounder as banks cut ties after RBI frown

Indian cryptocurrency exchanges are scrambling to secure viable, permanent payment solutions to ensure seamless transactions

Crypto exchange Binance says sterling withdrawals reactivated after outage

The exchange's customers said on Tuesday they were unable to deposit or withdraw sterling from the platform, days after regulators in Britain cracked down on some of its activities in the country

Sam Altman wants to scan your eyeball in exchange for cryptocurrency

Among the many parts of its plan, Worldcoin has designed an orb-shaped device that wo­uld scan a person's iris to build a unique personal identifier