Page 90 - Cryptocurrency

Fed's Jerome Powell: Public should understand risks of Bitcoin

Federal Reserve Chair Jerome Powell said Monday that the US public needs to understand the risks behind Bitcoin and other crypto currencies

NFT digital artwork by humanoid robot Sophia goes up for auction

Sophia, who was unveiled in 2016, produced her art in collaboration with Italian digital artist Andrea Bonaceto, known for colourful portraits, some of which depict famous people, such as Elon Musk

Govt considers blocking IP addresses of cryptocurrency exchanges

Two months ago, the government had said it intended to bring a Bill to ban private cryptocurrencies and introduce India's own digital currency in line with what China and other countries had done

Nascent but growing crypto-universe under threat from proposed crypto ban

There is, however, some confidence that the Centre will allow, rather, promote, innovations around blockchain, the underlying technology for Bitcoin

Best of BS Opinion: Future shock, a new case for peace with Pakistan & more

Here's a selection of Business Standard opinion pieces for the day

Decoded: What is a cryptocurrency and how does a blockchain work?

It's a virtual currency. Every crypto-coin is a unique code, like the serial number on a banknote

Future shock: New rules needed for the new world, but who will write them?

How should personal data be used and not used? What about the disintermediated media that has teamed up with Big Tech to re-invent politics by spreading post-truth and hate mail, wonders T N Ninan

Why a ban on cryptocurrency could have dire consequences for India

Just like its disastrous predecessor - demonetisation - banning cryptocurrency to fight "black money" would be like setting fire to the forest in order to smoke out a few sheep

ZebPay expects $2 bn-worth trades per month as crypto fever grips India

India had banned banks and other regulated entities from supporting crypto transactions in 2018. The Supreme Court removed the curbs last year in response to a petition by cryptocurrency exchanges

Coinbase valuation pegged at $68 billion ahead of landmark US listing

Coinbase, the largest US cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around $68 billion this year ahead of a planned stock market listing

Morgan Stanley becomes first major US bank to offer access to bitcoin funds

In an internal memo, the bank told its financial advisers it would launch access to three funds allowing ownership of Bitcoin

The discourse on the economy has been hijacked by the bond market types

If you take the trouble to collect the whole set of things that have been done - you need go no further than the finance ministry website - you will realise how pathetic the discourse has been

Cryptocurrency inflows hit record high of $4.2 billion, CoinShares says

By Gertrude Chavez-Dreyfuss

Uncertainty around India's crypto policy is making blockchain firms anxious

Bureaucrats say they want blockchain, but not cryptocurrencies. It's as silly as wanting airports with duty-free shops but no flights

Asia shares mostly higher after US gains for fifth day on Wall Street

Asian shares mostly rose on Tuesday, cheered by a rally to all-time highs on Wall Street

Tesla names Elon Musk 'Technoking' in latest cryptic regulatory filing

Tesla added "Technoking of Tesla" to billionaire CEO Elon Musk's list of official titles on Monday, in a regulatory filing that also named finance chief Zachary Kirkhorn "Master of Coin"

Cyptocurrency trading frenzy fuels boom of Bitcoin ATMs in parts of US

Bitcoin's growing popularity has been the primary driver for new installations

India to propose cryptocurrency ban, penalising miners, traders: Report

Officials are confident of getting the bill enacted into law as Prime Minister Narendra Modi's government holds a comfortable majority in parliament

Bitcoin takes breather around $60,000 after retreat from record $62,000

The world's most popular cryptocurrency slipped as low as $58,956.90 early in the Asian session, falling from Saturday's record high of $61,781.83

India will not 'shut off' all cryptocurrency, wants blockchain: Sitharaman

Bitcoin, the world's biggest and earlier cryptocurrency, has crossed a record high of $60,000.