Page 20 - Cryptocurrency

Bitcoin surpasses $45,000 for 1st time in 2 yrs on ETF approval hope

Bitcoin has risen over 20 per cent since the start of December as a Jan. 10 deadline for the US Securities and Exchange Commission to give its blessing for a spot ETF Bitcoin draws closer.

No need for a second trial of FTX founder Sam Bankman-Fried: Prosecutors

A second trial of FTX founder Sam Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in November is not necessary, prosecutors told a judge Friday. Prosecutors told US District Judge Lewis A. Kaplan in a letter that evidence at a second trial would duplicate evidence already shown to a jury. They also said it would ignore the "strong public interest in a prompt resolution" of the case, particularly because victims would not benefit from forfeiture or restitution orders if sentencing is delayed. They said the judge can consider the evidence that would be used at a second trial when he sentences Bankman-Fried on March 28 for defrauding customers and investors of at least USD 10 billion. Bankman-Fried, 31, who has been incarcerated since several weeks before his trial, was convicted in early November of seven counts, including wire fraud, wire fraud conspiracy and three conspiracy charges. He could face decades in prison. Last spring,

Review of Crypto Savings Account Services: Binance, Nexo, and CoinDepo

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India has over 19 million crypto investors with 75% youth: Report

Major metro cities such as Delhi, Bengaluru, and Mumbai account for over one-fifth of the total value of crypto investments in the country

Crypto wrap: Bitcoin gains on Argentina's endorsement, ETF anticipation

Experts suggest that Bitcoin may soon reach the $48,000 level if the momentum persists

Bitcoin gains acceptance

India needs clear rules on cryptos

Crypto wrap: US Fed's commentary on rate cuts in 2024 keeps market volatile

Cryptocurrency news: The outlook for 2024 continues to remain positive, mainly on the back of Bitcoin ETFs

Crypto adoption high in India, says IMF chief Kristalina Georgieva

Says adequate legal frameworks needed

Nasdaq planning to repurpose technology from curtailed crypto foray

Nasdaq and other mainstream financial firms pulled back on their ambitions in digital assets as regulators seek to isolate the US financial system from cryptocurrencies

This asset has beaten others hands down in 2023 with a rise of 165%

A positive for Bitcoin over the next few months is the expectation that the BlackRock application to launch a Bitcoin spot ETF is likely to be approved soon

Hackers stole about $1.7 billion this year from crypto projects: Report

Infrastructure attacks - such as private-key theft that gives hackers access to a crypto project's servers to steal funds or manipulate trades - contributed to nearly 60% of the total stolen this year

CoinSwitch unveils umbrella brand PeepalCo; aims for wealth-tech expansion

The company said the leaders of each business segment will have independent operational and financial accountability

Crypto market eyes interest rates, expected bitcoin ETFs in 2024: Report

The price of bitcoin, the biggest cryptocurrency and the market's chief barometer, has more than doubled this year, reaching a 20-month high in November of $42,000 per token

HTX theft: Crypto exchange suffers a $258 million net outflow after hack

HTX said it lost $30 million worth of crypto tokens in the breach and temporarily suspended withdrawals and deposits following the attack

Crypto wrap: Cryptocurrency in Parliament; Bitcoin's surge to 18-month high

This week, in reply to a question in the Parliament in the ongoing Winter Session, the Centre revealed that as many as 28 Virtual Digital Assets service providers have registered themselves with FIU

Bitcoin breaches $44,000 mark, now on the same level as in March 2022

According to experts, the current rally comes in the backdrop of optimism around Bitcoin exchange-traded funds

28 crypto, VDA platforms register with FIU-India to comply with PMLA norms

As many as 28 Virtual Digital Assets (VDA) service providers, including WazirX, Coin DCX and Coinswitch, have registered themselves with the Financial Intelligence Unit-India (FIU-IND), Finance Ministry said on Monday. The Finance Ministry in March had said entities dealing in VDAs, crypto exchanges and intermediaries would be considered "reporting entity" under the Prevention of money laundering Act (PMLA). Accordingly, crypto exchanges and intermediaries dealing with VDAs were required to perform KYC of their clients and users of the platform. To a question on whether these guidelines and reporting requirements are applicable to Offshore Crypto Exchanges servicing the Indian market, Minister of State for Finance Pankaj Chaudhary replied in the affirmative. "The guidelines and reporting requirements are applicable to offshore crypto exchanges servicing the Indian Market. The process of registration for the said VDA service providers has been initiated," Chaudhary said in the Lok .

Bitcoin hits $40,000 for the first time since May 2022 on rate reductions

The crypto industry is also awaiting the outcome of applications from the likes of BlackRock Inc. to start the first US spot Bitcoin ETFs

TMS Ep574: Crypto exchanges, Hardik Pandya and IPL, auto stocks

Are crypto exchanges proving sceptics right? What is the importance of being Hardik Pandya? Is it time to sell passenger vehicle stocks? What are crypto exchanges and how do they work? Answers here

TMS Ep574: Crypto exchanges, Hardik Pandya and IPL, auto stocks

Are crypto exchanges proving sceptics right? What is the importance of being Hardik Pandya? Is it time to sell passenger vehicle stocks? What are crypto exchanges and how do they work? Answers here