Page 42 - Cryptocurrency

Bitcoin jumps past $20,000, helps cryptos scale $1 trillion-mark

The largest token added as much as 6.1% as of 12:30 p.m. in Tokyo, reaching the highest in more than a week. Ether, Solana and Avalanche also rose

India operations to offer post-trade products to global clients: OSTTRA

London-based company says Indian team supports its international clients, solves operational problems

Crypto exchange Binance seeks permit to return to Japan market after 4 yrs

Binance, the world's biggest cryptocurrency exchange, is seeking a license to operate in Japan, four years after retreating from the country as it didn't have a permit

NFT startups shun Apple App Store due to high commission, tough rules

NFT trading startups do not want to sell their offerings through Apple App Store because 30 per cent commission on in-app purchases, and other tough rules, will bleed them out

JP Morgan CEO Dimon slams crypto tokens as 'decentralised Ponzi schemes'

"I'm a major skeptic on crypto tokens, which you call currency, like Bitcoin," the JPMorgan Chase & Co CEO James Dimon said

Cryptoverse: After Merge, ether heads for a $20-bn Shanghai splurge

The next significant upgrade for Ethereum is the 'Shanghai', expected by market participants in around six months' time, which is aimed at reducing its high transaction costs

India to push big for multilateral reforms of WTO, IMF as G20 Chair

Focus will also be on climate justice, green financing

Govt working on GST on crypto transactions, defining legal framework

The government is working on a comprehensive indirect tax regime for crypto assets which will check revenue loss to the exchequer

Fast-tracking of status on cryptocurrency assets may be in works

India, like many other countries, is currently not FATF-compliant on crypto assets

Crypto wrap: What to expect from the market after Ethereum's 'Merge'

With Merge, Ethereum has transitioned from a proof-of-work (PoW) mechanism to a proof-of-stake (PoS). It is expected to cut energy consumption for minting the digital tokens by 99.5 per cent

Crypto wrap: 'Merge' in focus, inflation figures still key, say experts

Bitcoin, the largest crypto token by market capitalisation, was trading at $21,750 on Friday. On Monday, it had briefly hit the $25,000 mark

Blockchain trilemma: What's next for Ethereum after long-awaited 'Merge'?

The long-awaited software revision, termed the Merge, shifted the blockchain from a so-called proof-of-work system to a more energy efficient proof-of-stake method for securing the network.

Ethereum upgrades technology to cut CO2 output by 99%: Report

Even though completed, the Merge could be followed by days or even weeks of hiccups, based on what happened after some prior Ethereum software updates

Ethereum blockchain slashes energy use with 'Merge' software upgrade

The cryptocurrency ether fell as much as 4% to $1,571, a move analysts put down to a cautious mood for risk assets more generally

Indian blockchain industry hails Ethereum upgrade for greener crypto

Prashant Kumar, Founder and CEO at weTrade, said that with a successful Merge, Ethereum can await new investors as it transitions to this 2.0 version

'Inflation has peaked' narrative premature, impact to stay: Crypto experts

Bitcoin, the largest cryptocurrency by market cap, has fallen nearly 10 per cent since the Fed announcement of the inflation figures and was trading at $20,367.16 on Wednesday

Binance gains big as crypto traders flee Indian exchanges to escape taxes

Downloads of Binance's app in India jumped to 429,000 in August, the highest this year and almost triple that of runner-up CoinDCX,

Indian citizen pleads guilty in 1st ever crypto insider trading case in US

A 26-year-old Indian citizen has pleaded guilty in the first-ever cryptocurrency insider trading case in the US, in which he along with his brother and their Indian-American friend made ill-gotten profits totalling over a million dollars. Nikhil Wahi, a citizen of India and residing in Seattle, on Monday pleaded guilty to wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets by using confidential Coinbase information about which crypto assets were scheduled to be listed on Coinbase's exchanges. Coinbase was one of the largest cryptocurrency exchanges in the world. This is the first time that a defendant has admitted his guilt in an insider trading case in the US involving the cryptocurrency markets. The charge carries a maximum sentence of 20 years in prison. He is scheduled to be sentenced by Judge Preska on December 13. In July this year, Nikhil and his elder brother Ishan, 32 along with their Indian-American friend

Cryptoverse: Ether snaps at bitcoin's heels in race for crypto crown

The Merge, expected to take place on Thursday, could lead to wider use of the blockchain, potentially boosting ether's price - although nothing is certain in a capricious crypto market

WazirX says ED has unfrozen bank accounts, allowing it to continue ops

Cryptocurrency exchange platform said it is cooperating with agency in its investigation of 16 fintech companies and instant loan apps