Page 81 - Cryptocurrency

Top headlines: Dow rises 500 pts; SBI to raise up to Rs 14,000 cr

Business Standard brings you top news of the day

Chinese banks promise to step up cryptocurrency ban

China's biggest banks promised Monday to refuse to help customers trade Bitcoin and other cryptocurrencies after the central bank said executives were told to step up enforcement of a government ban.

Global stocks sink to four-week low as hawkish Fed shift cuts risk appetite

European stocks opened lower, but the pan-European STOXX 600 index erased early losses to trade flat on the day, helped by a rise in German and Italian shares

Cryptocurrencies tumble amid China crackdown on bitcoin miners

Cryptocurrencies tumbled on Monday as China's crackdown on bitcoin mining expanded to the province of Sichuan

The mistake crypto crowd makes: it doesn't understand monetary economics

Crypto has been a highly unusual asset class for its entire history, but it won't act like that forever.

VC funds pile into crypto companies in 2021, make a record $17-bn bet

Venture capital funds have already poured $17 billion this year into companies that operate in the space

Bitcoin falls 7% to $35,431.15; down 45.4% from year's high on April 14

Bitcoin dropped 7% to $35,431.15 at 20:02 GMT on Friday, losing $2,666.53 from its previous close.

All you wanted to know about Chris Wood's investing strategies

Investors should stick with the pro-cyclical commodity trade, particularly energy, Wood said

Struggling with poverty, will Bitcoin be El Salvador's passport to riches?

Without oversight of the president's decision to accept crypto, bad actors and illicit money flows are likely to prosper.

Bitcoin is still being called a bubble after 35% crash in May: Survey

About 80% of fund managers surveyed by Bank of America Corp. called the market a bubble, up from 75% in May

Bitcoin climbs near $40,000 after Musk says Tesla could use it again

It was last up 0.5% at $39,189, straining to escape the relatively tight trading range of this month.

Dollar slips in muted trading as Fed meeting looms; Bitcoin tops $40,000

Currency markets settled in tight ranges with implied volatility plumbing to multi-year lows

Bitcoin hits two-week high after Musk says Tesla could use it again

Bitcoin hit a two-week peak just shy of $40,000 on Monday, after another weekend reacting to tweets from Tesla boss Elon Musk, who fended off criticism over his market influence

Musk says Tesla will accept bitcoins when miners use more clean energy

Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy.

China's cryptocurrency-mining crackdown spreads to Yunnan in southwest

China accounts for a over half of global bitcoin production

Enforcement Directorate issues notice to WazirX, directors over FEMA breach

Exchange said they are yet to receive ED notice

'Yet to receive any ED notice, your funds are absolutely safe,' says WazirX

"WazirX is yet to receive any show-cause notice from the Enforcement Directorate as mentioned in today's media reports. WazirX is in compliance with all applicable laws," the company said.

China arrests over 1,100 for money laundering in crypto crackdown

Busts 170 groups for money laundering

Bitcoin price climbs as Basel panel proposes banking capital rules

The announcement from the Basel Committee on Banking Supervision is another sign that the world of traditional finance is responding to the rise of crypto assets

Global regulator puts Bitcoin in highest risk category in bank capital plan

Basel Committee on Banking Supervision says the banking industry faces increased risks from cryptoassets because of the potential for money laundering, wild swings in prices