Page 16 - Bitcoin
Govt's cryptocurrency stance: Heads I win, tails investors lose
The government has laid out clear rules on taxation of cryptocurrencies but has not said anything on what happens in cases of fraud
Top headlines: RBL posts profit in Q1; Murmu ahead of Sinha in Prez poll
Business Standard brings you top news of the evening
 "Top headlines: RBL posts profit in Q1; Murmu ahead of Sinha in Prez poll")
Bitcoin climbs past $24,000 after a month amid hopes of softer Fed action
The world's largest digital token rose as much as 3.3% Wednesday to trade around $24,066, the highest level since mid-June
 "Bitcoin climbs past $24,000 after a month amid hopes of softer Fed action")
Crypto markets rebound but assets future in India uncertain: Experts
From April 1, a 30 per cent tax was applied on income from the sale of cryptocurrency. From July 1, an additional 1 per cent tax was applied in the form of tax deducted at source (TDS)
 "Crypto markets rebound but assets future in India uncertain: Experts")
Bitcoin rallies to trade above $22,000; Ether, Avalanche advance
June's crypto wipeout has given way to a sharp rebound, with Ether up 47% this month and Polygon more than doubling
 "Bitcoin rallies to trade above $22,000; Ether, Avalanche advance")
Crypto m-cap tops $1 trillion; Bitcoin breaches $22,000-mark after a month
Bitcoin, the largest cryptocurrency by market cap, regained the $22,000 level and was trading at $22,241.17, over 4 per cent higher than the last close
Group representing Indian crypto exchanges to be dismantled: Report
The Internet and Mobile Association of India (IAMAI) is dismantling BACC after disagreement and allegations that crypto exchanges were not following an internal code of conduct
Bitcoin is more likely to hit $10,000 than $30,000, finds MLIV Pulse survey
This sector remains a polarizing one: while some 28% of the overall respondents expressed strong confidence that cryptocurrencies are the future of finance, 20% said they're worthless.
 "Bitcoin is more likely to hit $10,000 than $30,000, finds MLIV Pulse survey")
Crypto numbers in the last 5 years have a story to tell, and it's not rosy
Cryptocurrencies have been on a rollercoaster ride over the last four years and the future does not look promising
Crypto exchange FTX has 'a few billion' to support industry, says CEO
Bankman-Fried, who is from California but lives in the Bahamas where FTX is based, has become crypto's white knight in recent weeks, throwing lifelines to digital asset platforms that have faltered
 "Crypto exchange FTX has 'a few billion' to support industry, says CEO")
Buckle Up: How investors can deal with turbulence in crypto market
Bitcoin - the dominant cryptocurrency - fell from a high of more than $67,000 to its current level just below $20,000.
 "Buckle Up: How investors can deal with turbulence in crypto market")
Crypto crash threatens N. Korea's stolen funds as it ramps up weapons tests
Sudden plunge in crypto, which started in May amid a broader economic slowdown, complicates Pyongyang's ability to cash in on that and other heists, and may affect how it plans to fund its weapon prog
MicroStrategy buys $10-mn Bitcoin in middle of crypto's big chill
As of June 28, the company holds about 129,699 Bitcoin bought for about $3.98 billion, or $30,664 per coin, according to the filing
Crypto winter: Why this bitcoin bear market is different from the past
Crypto loans - particularly those in decentralized-finance apps that dispense with intermediaries like banks - often require borrowers to put up more collateral than the loan is worth
 "Crypto winter: Why this bitcoin bear market is different from the past")
Crypto broker Voyager Digital issues default notice to Three Arrows Capital
Singapore-based 3AC is one of the higher profile crypto companies to have run into difficulties following crypto markets' selloff in recent months
 "Crypto broker Voyager Digital issues default notice to Three Arrows Capital")
Stablecoins not stable, have 'no role' as money, warns top banker
As cryptocurrencies get hammered in the economic meltdown, stablecoins -- whose value is pegged to another asset like a fiat currency or a commodity -- are also bad investments and are ill-suited as a form of money, Siddharth Tiwari, the Asia-Pacific head of the Bank of International Settlements (BIS), has said.
Investors who have a long horizon should wait for crypto prices to recover
Those who don't anything to do with this highly volatile asset class may also throw in the towel
Crypto exchanges hunker down as everything goes wrong in India
With token prices plummeting, customers unable to transfer money to their accounts and a dreaded tax on cryptos just around the corner, exchanges like WazirX have put expansion plans on back burner
 "Crypto exchanges hunker down as everything goes wrong in India")
Bitcoin options point to positive signs after meltdown, say traders
The environment, of course, has been strained by a number of hacks, as well as combustions of stablecoin projects and foldings of big-name crypto hedge funds
 "Bitcoin options point to positive signs after meltdown, say traders")
Bitcoin heading to zero, says China state media amid global crypto downturn
Chinese state-run newspaper The Economic Daily earlier justified China's ban on cryptocurrency trading by taking examples of the collapse of stablecoins terraUSD and luna whose value reached zero.