Page 51 - Cryptocurrency

New York lawmakers pass landmark bill to limit cryptocurrency mining

have passed a milestone environmental measure designed to tap the brakes on the spread of cryptocurrency mining operations that burn fossil fuels

Crypto scam victims lose more than $1 billion since 2021: US govt report

More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report

Landmark bill to limit cryptomining passes NY Legislature: Reports

The bill, touted by supporters as the first of its kind, now goes to Democratic Gov. Kathy Hochul for consideration

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.

Top crypto exchange Coinbase freezes hiring, revokes accepted offers

The company also revoked accepted offers from some candidates who haven't joined it yet

Ahead of consultation paper, RBI DG says CBDCs can kill case for cryptos

Ahead of the government coming out with a consultation paper on cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Thursday said the soon-to-be-introduced CBDCs can kill crypto prospects

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.

A coming crypto storm for central banks? Focus on digital money intensifies

Fed is debating whether to develop a digital currency, as are most central banks around the world. A decision has not been made, and officials say it would take congressional approval to move forward

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.

Consultation paper on cryptocurrency soon, says DEA secy Ajay Seth

He said that India was also engaging with other countries for global regulations on cryptocurrencies, and India's role in such actions

Russia mulls making international payments using cryptocurrency: Report

Discussions have been ongoing for months but no consensus has yet been reached

Battered DeFi investors put their hopes in Ethereum revamp: Here's why

Fewer new issuances of Ether, a smaller carbon footprint and higher yields are among the upgrade outcomes that DeFi investors say will fuel an Ethereum rally and boost the industry

WEF at Davos 2022: From crypto to climate change, India was the focus

World Economic Forum (WEF) 2022: For European business heads eagerly scouting for options to diversify their trade and investments, India emerged as the best option

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

Cryptocurrency tax firm CoinTracker announces foray into Indian market

Cryptocurrency portfolio tracking and tax compliance platform CoinTracker on Wednesday announced its foray into the Indian market. The company's move also comes against the backdrop of the government mandating a 30 per cent taxation on such transactions with effect from April 1. Starting today, the crypto tax compliance and portfolio tracking products will be available to all crypto users across India, it said, while announcing the launch of its product in the country. CoinTracker said users in India can now deal in crypto assets without worrying about the challenges associated with tracking, reconciliation, accounting and compliance. "It can be challenging for folks to navigate the complexity of buying, holding and transacting with cryptocurrency and nearly impossible to comply with taxes without the right tool. We built CoinTracker to solve this problem seamlessly and are excited to deliver our offering in India. "We plan to rapidly expand our integrations and partnerships with

With market indicators in red, is the end of the bitcoin winter nigh?

Bitcoin is drawing strength from the rest of the crypto market, for example, its relative stature providing some comfort for investors fleeing altcoins

WEF 2022: Crypto firms dominate Davos main street despite price crash

Tether offered passers-by free slices to celebrate Bitcoin Pizza Day in May. 22, when in 2010 Lazlo Hanyecz paid for two pizzas with 10,000 bitcoin, worth about $41 at the time

WEF 2022: Crypto crowd dominate Davos main street despite price crash

The crypto crowd's prominence at Davos, while largely on the sidelines of the main event, comes as cryptocurrencies shed $800 bn in market value earlier this month

'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

ECB Prez Christine Lagarde says crypto 'worth nothing', should be regulated

Lagarde said she's skeptical of crypto's value, contrasting it with the ECB's digital euro -- a project that may come to fruition in the next four years