Page 14 - Cryptocurrency

Bitcoin tops $71,000 for first time since June as US election nears

Bitcoin is viewed by some as a so-called Trump trade because Republican presidential nominee Donald Trump embraced digital assets during campaigning

Bitcoin traders refocus on $71,000 price level with cash flowing into ETFs

Cryptocurrencies dropped last week, following a report that US was investigating stablecoin issuer Tether Holdings Ltd. for possible violations of sanctions and anti-money-laundering rules

Cryptocurrencies huge risks to financial stability, says RBI Guv Das

Cryptocurrencies are huge risks to financial stability, and monetary stability, Reserve Bank of India Governor Shantikanta Das said Friday, asserting it may create a situation where the central bank may lose control of money supply in the economy. I am actually of the opinion that this is something which should not be allowed to dominate the financial system. Because it has huge financial stability risks, it has huge monetary stability risks, it also poses risks to the banking system. It also may create a situation where the central bank may lose control of money supply in the economy, RBI Governor Shantikanta Das said during his appearance at the Peterson Institute for International Economics, a think-tank. If the central bank loses control of money supply in the economy, how does the central bank check liquidity available in the system? How does a central bank control inflation by squeezing money supply or by losing money supply in times of crisis? So, we see crypto as a big risk,

WazirX reports 40% assets dip in reserves after July security breach

The decline in WazirX's holdings comes as the firm undergoes restructuring after a cyberattack led to the theft of over $230 million in July

WazirX moved over $73 million crypto after data breach: CoinSwitch

While WazirX did not deny the allegation in its official statement, it added that CoinSwitch should instead provide users real-time tracking tracking of proof of reserves and wallet addresses

9,000 WazirX users wrongly receive moratorium support confirmation

WazirX, which is facing liabilities amounting to $546.5 million, had floated a user poll to measure potential interest in its moratorium application

Bitcoin rally near all time highs Good news for investors? Cryptocurrency

The bitcoin rally has gained momentum and experts predict it could once again reach the previous high topping the $70,000 mark. Watch the video to know what's driving the surge.

RBI policy of not allowing crypto is a good approach: Amiyatosh Purnanandam

He said that the government needs to incentivize good long term risk taking by banks to push private investments

Is going to prison the same as starting a new job? This FTX exec thinks so

Former FTX co-founder Ryan Salame updates his 'job position' on LinkedIn to 'inmate' before beginning a 7.5-year prison sentence

WazirX creditors quiz founder, legal team on firm restructuring in townhall

Investors raised their concerns about losing out on a potential bull run in Bitcoin prices in the next six months

Visa unveils platform for global banks to issue stablecoin, other tokens

The product is designed to let banks use their tokens within smart contracts for programmability

CoinSwitch launches crypto futures trading, offers over 350 contracts

CoinSwitch Futures enables users to take long or short positions on perpetual futures contracts and can also hedge their spot holdings

Singapore court grants 4-month moratorium to WazirX after $230 mn hack

Thankful for the court's decision, it will allow us to focus on our path to resolution, recovery and restructuring, says Nischal Shetty, co-founder, WazirX

Supreme Court's YouTube channel hacked, promotes cryptocurrency scam

Attempts to access the channel have been met with ads and videos unrelated to the court's official content

Donald Trump launches cryptocurrency venture World Liberty Financial

Republican presidential nominee Donald Trump launched his family's cryptocurrency venture, World Liberty Financial, with an interview on the X social media platform in which he also gave his first public comments on the apparent assassination attempt against him a day earlier. Trump did not discuss specifics about World Liberty Financial on Monday or how it would work, pivoting from questions about cryptocurrency to talking about artificial intelligence or other topics. Instead, he recounted his experience Sunday, saying he and a friend playing golf heard shots being fired in the air, and I guess probably four or five. I would have loved to have sank that last putt, Trump said. He credited the Secret Service agent who spotted the barrel of a rifle and began firing toward it as well as law enforcement and a civilian who he said helped track down the suspect. World Liberty Financial is expected to be a borrowing and lending service used to trade cryptocurrencies, which are forms of ..

Best Crypto Trading Bots Canada: Top AI Trading Robots with Low Fees in 2024

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India leads in crypto adoption for 2nd straight year, shows report

Report from blockchain analytics company Chainalysis which tracks adoption across four sub-categories in 151 countries, showed India ranked high on usage of centralized exchange finance assets

At $4 billion, investment fraud emerges as biggest crypto scam of 2023

Of the more than 69,000 reports of crypto-related crime the agency received last year, nearly half were reports of investment fraud

Losses from crypto fraud rose 45% to $5.6 bn in 2023, Indians lose $44 mn

Total losses of $5.6 billion were reported, experiencing a 45 percent increase in losses from 2023. The most reported crime type related to cryptocurrency is Investment, said the FBI

Trump's new crypto biz could create more conflicts if he's elected prez

Donald Trump is promising to make America the crypto capital of the planet if he returns to the White House. Fulfilling that promise would likely pay off for him personally. Amidst his run for president, Trump has launched a new venture to trade cryptocurrencies that he's promoting on the same social media accounts he uses for his campaign. His two eldest sons, Donald Jr. and Eric, are also posting about their new platform, called World Liberty Financial, as is his daughter-in-law, Lara Trump, who is married to Eric and also serves as co-chair of the Republican National Committee. Trump has long melded his political and business interests, promoting his hotels and golf courses in the White House while selling sneakers, Bibles and shares in his social media company during his current campaign. Now, Trump has launched a new moneymaking venture that could explode in value if he's elected and gets the power to push through legislative and regulatory changes long sought by crypto ...