Page 43 - Cryptocurrency

Cryptocurrency and bitcoin price on 12 Sept: BTC grows over 2%

Cryptocurrency and Bitcoin price today, 12 Sept: Bitcoin and Ethereum price rises. Read this detailed report on the updated prices of BTC, ETH and other cryptocurrencies

Court cannot stop govt from bringing law on cryptocurrencies, says SC

The Supreme Court said on Friday it cannot stop the government from bringing a legislation in Parliament on crypto currencies and dismissed a plea challenging constitution of an inter-ministerial committee to make recommendations to the Centre on virtual currencies. Crypto currencies are digital or virtual currencies in which encryption techniques are used to regulate generation of their units and verify the transfer of funds while operating independently of a central bank. A bench of Justices DY Chandrachud and Hima Kohli termed the PIL filed by a private firm "misconceived" and dismissed it. "There is no actionable cause for a petition under Article 32 of the Constitution. The Court cannot interdict the Government from bringing a legislative proposal before Parliament, the bench said. At the outset, the court said, "What kind of plea is this? Government has made an inter-ministerial committee (IMC), so you filed a petition under Article 32 of the Constitution? You want to ...

Crypto weekly wrap: Despite gains, experts want investors to wait and watch

Ahead of much anticipated "Merge" Ethereum will be on the radar of the investors, however, it may not perform as good as it is expected to, experts said

Hackers delete educational institutes' data, demand crypto to resolve issue

A group of hackers allegedly stole and deleted data of educational institutes of KN Modi Foundation and demanded cryptocurrency worth USD 1 million to resolve the issue. SP (Rural) Iraj Raja said police have received a complaint from Sandeep Kumar Yadav on behalf of the foundation. In his complaint, he told police that the hackers stole and deleted all data of students and staff from the computers of the institute. Police have registered an FIR against two unknown persons under Section 507 (criminal Intimidation by an anonymous communication) of the Indian Penal Code (IPC) and relevant sections of the IT Act.

CBDC to bring down time, cost for cross-border transactions: RBI Deputy Guv

Central bank digital currency (CBDC), to be launched this year, could become a tool for reducing time and cost for cross-border transactions, Reserve Bank Deputy Governor T Rabi Sankar said on Wednesday. The RBI has proposed to launch on a pilot basis this year, as announced in the Budget by Finance Minister Nirmala Sitharaman. In the Union Budget for 2022-23, the finance minister had said the RBI would roll out a digital equivalent to the rupee in the current financial year. "We have to understand that internationalisation of CBDC is crucial to addressing the payments issue that bodies like G-20 and Bank for International Settlements (BIS) are dealing with now," he said at India Ideas Summit. Observing that India has an excellent, cheap and fast domestic payments system, he said the cost of cross-border payment, however, is still high. There is a lot of scope for improvement in terms of both cost and speed, he noted. CBDC is probably the most efficient answer to this, he said, .

Crypto traders in bullish mode despite hawkish Fed comments on inflation

Bitcoin, which accounts for about 40% of the estimated market value of all cryptocurrencies, traded last week within a range of about 5.4%, the narrowest since October 2020

Hiring at crypto exchange Coinbase up 33% despite recent layoffs: Report

While Coinbase is one of the most valuable companies in crypto, it still has a long way to go to catch up to Google. The search giant employs more than 100,000 people

Saudi Arabia's central bank hires crypto chief to boost digital ambitions

Saudi Arabia has until now taken a more cautious approach on virtual assets, with officials raising concerns about their speculative nature.

Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts

For Ethereum, which is scheduled to go for 'The Merge' on September 6, will likely break out of the $2,000 level before the event, experts suggest

Crypto.com accidentally refunds over $7 mn instead of $68 to customer

Due to an unfortunate typo, cryptocurrency exchange Crypto.com mistakenly issued a customer A$10.5 million ($7.2 million) rather than the expected A$100 ($68), media reports say

Bitcoin may have hit a floor after Fed chief's speech at Jackson Hole

The largest cryptocurrency is down about 6% since Powell's hawkish Aug. 26 Jackson Hole speech underlined that the Federal Reserve wants to subdue financial markets

Bitcoin hovers around $20k as Fed chief's hawkish comments weigh on crypto

The largest token fell as much as 2.3% on Monday to $19,527, the fifth day of declines

Powell's Jackson Hole speech leaves crypto investors in a tough spot

The total crypto market cap fell below $1 trillion after staying above it for over a month. Bitcoin fell below $20,000, and Ethereum slipped below $1,500

Divide emerges between retail, pros on how to play Ether upgrade

Ethereum recently completed its last test before the upgrade, and developers said the main event should take place next month

Over half of Bitcoin's daily trading volume fake globally: Report

More than half of all Bitcoin daily trading volumes are reportedly fake, as the world's largest cryptocurrency nosedives again amid global economic turmoil

Bitcoin plunges below $20,000, may reach $10,000 level this year

After showing some stabilisation in the last few weeks, world's largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell's keynote address

ED inquiry on CoinSwitch not linked to money laundering under PMLA: CEO

"Enforcement Directorate-Bengaluru has been engaged with us with respect to functioning of our crypto platforms/exchanges. We are fully cooperating with them," he said in a tweet thread.

HNIs more cautious on foreign investment after new rules kick in

According to the new rules of the liberalised remittance system (LRS), an Indian resident can now invest $250,000 a year in foreign stocks, debt etc

Cryptos' volatility seen leading to purge of 'Merge frontrunners'

Speculators have scooped up Ether call options with traders waging the token's price could rise to around $2,200 in September in the past few weeks

Explained: Ethereum set for mega 'merger' to become more energy efficient

Ethereum, the network behind the second-largest cryptocurrency by market cap (after Bitcoin), will move from a proof-of-work consensus mechanism to a proof-of-stake blockchain