Pandemic-era liquidity, speculative bets & hopes of wider adoption fuel surge
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Stock market LIVE: All sectoral indices barring telecom ended in the the negative zone; Declining stocks out-numbered advancing shares in the ratio 2:1 on the BSE
Meanwhile, the price of Bitcoin has been rising in anticipation
Interested in Bitcoin but don't want to open a crypto trading account? Wall Street has something for you. ProShares said Monday it plans to launch the country's first exchange-traded fund linked to Bitcoin. The ETF with the ticker symbol BITO is expected to begin trading Tuesday, barring any opposition from regulators. It's the latest milestone for Bitcoin and for the ETF industry in general. In a statement, ProShares CEO Michael Sapir compared the launch of a crypto-linked ETF to the 1993 launch of the first stocks ETF and the 2002 rollout of the initial bond ETF. The U.S. market for ETFs has grown to more than USD5.4 trillion and they're owned by roughly 9per cent of all the nation's households, according to the Investment Company Institute. Cryptocurrencies, meanwhile, have exploded into a nearly USD2.5 trillion industry after the creation of thousands of digital currencies. Bitcoin is the biggest of them all, with a total value of nearly USD1.2 trillion. But like much in the ...
Industry gains confidence that policy makers have been persuaded of benefits to the economy from blockchain-based innovation.
If the U.S. Securities and Exchange Commission (SEC) does not object, the ProShares Bitcoin Strategy ETF completes a 75-day period since the fund manager filed plans and could begin trading on Tuesday
With more than 15 million users in India, CoinSwitch Kuber has become a new unicorn, and the most valuable crypto company in the country valued at $1.9 billion.
This is the first reference by the RSS chief to the two issues, which the government is trying to deal with
The world's largest digital token has surged some 8% over Friday and Saturday to about $62,100 -- taking this month's rally to over 40%
Bitcoin, the world's biggest cryptocurrency, rose 4.5% to its highest level since Apr. 17
Business Standard brings you the top stories from today
At the end of August, America accounted for 35.4% of the global hash rate, a measure of computing power used to extract the digital currency
recent rally in digital tokens like Bitcoin and second-ranked Ether contrasts with the travails of assets such as stocks, bonds and gold amid a bout of jitters in global markets.
NEW YORK (Reuters) - Jamie Dimon, JPMorgan Chase & Co chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is "worthless."
The world's largest digital asset, overcoming a slew of potentially negative factors that had dogged it earlier this year, is up about 10% over the past five sessions.
Bitcoin rose 7.11% to $55,162.92 at 20:01 GMT on Wednesday, adding $3,661.73 to its previous close.
The rally brings prices to the highest since early September, when El Salvador rolled out the cryptocurrency as legal tender
Bitcoin recorded its third straight week of inflows.
To trade on the Unocoin platform, a minimum top-up of Rs 1,000 is required.