Page 9 - Bitcoin

Over half of Indian crypto investors in for long term: WazirX survey

In the age group of 18-30 years, 40% of respondents said they have invested more than Rs 40,000 in digital assets

Crypto wrap: Market volatile on profit booking after last week's rally

The major beneficiary of Bitcoin's weakness has been Ripple's XRP token which now enjoys a market dominance of 21%

G20 FSB releases global guidelines for crypto firms to safeguard investors

"As recent events have illustrated, if linkages to traditional finance were to grow further, spillovers from cryptoasset markets into the broader financial system could increase," the FSB said

Crypto wrap: US Federal Court's ruling on Ripple leads to surge in market

Cryptocurrency news: Another reason for the surge was the lower-than-expected US inflation of 3% for June

Caution about Bitcoin grows as jump in global markets bypasses crypto

The largest digital asset on Thursday mostly held losses of 0.7% from a day earlier, while stocks and bonds extended gains on bets that an end to Federal Reserve monetary tightening is getting closer

Bitcoin bulls take heart from smaller token Litecoin's market, beating jump

Litecoin was created in 2011 and aims for faster transactions than Bitcoin

Crypto wrap: Market highly volatile amid mixed signals from macro data

In the last few weeks, the market was witnessing a bull run after the news emerged of several big entities showing their interest in Bitcoin but in the later part of the week, the market saw a sell-of

Karnataka govt forms SIT to probe Bitcoin scam surfaced during BJP regime

Karnataka Home Minister G Parameshwara on Monday said a Special Investigation Team (SIT) under the Criminal Investigation Department (CID) has been formed to reinvestigate the Bitcoin scam. The Bitcoin scam had surfaced during the previous BJP regime in 2021 and the Congress, which was then in Opposition, had accused the government of trying to cover up the scandal as it involves big names. The prime suspect, Srikrishna Ramesh alias Sriki, was accused of hacking the state government's e-procurement website and siphoning over Rs 11.5 crore. There were also charges of cryptocurrency theft, drug peddling and cyber fraud relating to the case. The Home Minister said Additional Director General of Police Manish Kharbikar will head the SIT which, he added, can also take the help of technical experts since the matter relates to cyber crime. Before the Assembly elections in May, the Congress had promised the people of Karnataka that if it comes to power, it would reinvestigate the Bitcoin

Crypto wrap: Bitcoin continues to stay over $30,000, Ethereum above $1,800

Among the most important developments in crypto markets was the King of England's assent to the UK's Financial Services and Markets Act

Karnataka govt to reopen Bitcoin scam, to get it probed thoroughly

The Congress government in Karnataka on Tuesday said it will get the Bitcoin scam taken place during the previous BJP government thoroughly investigated. The case is likely to be handed over to the Criminal Investigation Department (CID), Home Minister Dr Parameshwara has hinted. Speaking to reporters in Hassan today, CM Siddaramaiah said all irregularities and scams of the BJP government including the Bitcoin scam will be probed. Parameshwara charged that the BJP tried to close the matter but the Congress government will get it investigated. "Regarding Bitcoin, I have said that whatever incident has happened will be thoroughly investigated. For whatever reason, the previous government had closed it. When we were in the opposition, we had said that we will get it investigated if we come to power. We will take all steps to reinvestigate it, Parameshwara told reporters here. He also said the Bengaluru Police Commissioner has written to the Director General of Police recommending tha

Bitcoin soars 20% in 11 days after BlackRock files application for spot ETF

BlackRock filed for a prospective spot bitcoin ETF on June 15, undeterred by the Securities and Exchange Commission's (SEC) past record of rejecting every such application

Crypto wrap: Market seeing bull run as institutions jump into industry

BlackRock's application for spot Bitcoin ETF and Deutsche Bank's interest in crypto custody services have kept investors motivated in the last week

Bitcoin breaches $30k-mark fuelled by Powell's comments, spot ETF filings

US Fed chair Jerome Powell on Wednesday said they see 'payment stablecoins as a form of money'

Bitcoin hits six-week high as financial titans step up crypto initiatives

The largest digital asset rose as much as 6.1% and traded at $29,789 as of 11:26 am in New York on Wednesday, lifting the token's rebound this year to almost 80%. Smaller coins such as Ether, Cardano

Crypto wrap: Fed's rate hike comment, SEC cases drag Bitcoin to 3-month low

Bitcoin fell to its lowest in three months on Wednesday after US Fed's statement hinted that it may increase the rates in the upcoming policy announcements

Re-examining the Bitcoin scam case unveiled in 2021: Karnataka Minister

Karnataka Home Minister G Parameshwara on Wednesday said he was re-examining the multi-crore Bitcoin scam case, which had surfaced during the previous BJP regime in 2021. The Congress then in Opposition had accused the Basavaraj Bommai government of trying to cover it up as it "involved big names". "We (Congress) are in the government now, we are opening things. I'm re-examining the Bitcoin case, we are doing it. It's not even a month since we came to power..." Parameshwara told reporters in response to a question. The prime suspect, Srikrishna Ramesh alias Sriki , was accused of hacking the state government's e-procurement site and siphoning over Rs 11.5 crore. There were also charges of cryptocurrency theft, drug peddling and cyber fraud relating to the case. Regarding the Police Sub-Inspector (PSI) recruitment scam, the Home Minister said investigation is on in this case and the matter is also in the court. The government will do everything possible to get justice to the ...

US charges two Russian men over 2014 Mt Gox Bitcoin hack of $400 mn

Starting in 2011, Bilyuchenko and Verner stole a massive amount of cryptocurrency from Mt. Gox, contributing to the exchange's ultimate insolvency

Crypto wrap: Markets resilient amid SEC action against Binance, Coinbase

Despite the cases against two big crypto exchanges by the US SEC throughout the week, the crypto market cap was largely trading flat on Friday

Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe

Crypto companies, including Coinbase, dispute that crypto tokens are securities and have repeatedly called for the SEC to create clear rules

Crypto market cracks 5%, Bitcoin at 3-month low after US SEC sues Binance

In its complaint, the SEC alleged that Binance and Zhao had "free reign" over billions of dollars of crypto assets from the US