Page 26 - Cryptocurrencies

Crypto market starting to see even old-timers 'panic selling' amid rout

The vanishing gains suggest long-term owners are coming under pressure, a potentially worrying sign for a market known for its hodlers

Crypto update: Bitcoin, Ether bounce off lows after record-breaking rout

Total liquidations in the crypto market were $566.7 million in the past 24 hours, with Bitcoin and Ether at around $271 million and $192 million respectively

Bitcoin drops below $20,000 to lowest since Dec 2020 as investors flee

The digital currency sector has been pummelled this week after cryptocurrency lending company Celsius froze withdrawals.

Bitcoin breaches $20,000 for first time since 2020 amid monetary tightening

"Surging recession fears are crippling appetite for risky assets and that has crypto traders remaining cautious about buying Bitcoin at these lows," said Edward Moya

Crypto exchange Binance opens 2,000 positions for hiring, says CEO

This is in sharp contrast to a slew of job cuts by companies operating in the digital currency space

Consumer affairs ministry to set up panel for FAQ on cryptocurrencies

Calls meeting to discuss complaints against edutech firms

Cryptocurrencies don't appear to be true financial innovation: India's CEA

They are a case of 'regulatory arbitrage' and could be risky for the country, says Nageswaran

Cryptos akin to a world of Carribean pirates in absence of regulation: CEA

V Anantha Nageswaran said the recent development in Terra-Luna cryptocurrency, which witnessed a massive meltdown last month, is a 'very important cautionary tale'

Govt clarifies rate of TDS on virtual digital assets continues to be 1%

The 1% TDS will be applicable from July 1, 2022

Edge launches Mastercard, enables users to spend with Bitcoin, Dogecoin

Edge Mastercard users sell their Bitcoin to the card when adding funds in the app, while merchants receive funds in USD

How Binance became a hub for hackers, fraudsters and drug traffickers

In as little as nine minutes, using only encrypted email addresses as identification, the Lazarus hackers created Binance accounts and traded crypto stolen from Eterbase, the Slovakian exchange

Crypto scam victims have lost more than $1 bn since 2021: US FTC report

The craze for cryptocurrencies was at a fever pitch last year with bitcoin hitting a record high of $69,000 in November.

CoinSwitch launches benchmark index for crypto market in Indian Rupee

CRE8 tracks eight assets representing over 85 per cent of the total market capitalisation of digital assets traded in Indian Rupee.

Consultation paper on digital assets may not lead to cryptocurrency policy

The government has also raised concern over complying with Financial Action Task Force (FATF) guidelines and discussed it with other countries, according to an official

Binance Labs announces $500 mn fund for Blockchain, Web3.0 startups

As venture capital (VC) funds squeeze the flow of money to traditional startups and invest in emerging tech like Web3.0, Binance Labs, the venture capital and incubation arm of leading cryptocurrency exchange Binance, on Wednesday announced closing of a $500 million investment fund to boost Blockchain, Web3.0 and value-building technologies.

Cryptocurrencies becoming a popular option in US to fund retirement

Some 27% of Americans aged 18-60 - around 50 million people - have owned or traded crypto in the past six months, a poll published last week by crypto exchange KuCoin found

Consultation paper on crypto almost ready; to be submitted soon: DEA Secy

Ajay Seth also said that a global response is needed to deal with the challenges posed by crypto

Andreessen Horowitz bets on crypto with $4.5-bn fund, largest of its kind

The fund, the fourth crypto-dedicated investment vehicle for Andreessen Horowitz, brings its total digital-asset-focused efforts to $7.6 billion

'I'm not a billionaire anymore': Another crypto tycoon sees fortunes sink

Buterin created Ethereum in 2014 and is the owner of a digital wallet that as recently as November contained holdings worth about $1.5 billion

Crypto-loving S Koreans bet on Luna rising from ashes, worrying regulator

Reckoning they have little to lose with prices so ridiculously low, South Korean speculators in recent days have piled into Luna, a cryptocurrency that lost 99.99% of its value last week