Page 53 - Cryptocurrency

Cryptocurrencies in free fall after biggest Fed rate hike in two decades

On Sunday, Bitcoin was hovering around $34,400 and ethereum, which is the second largest cryptocurrency, plunged 4.8 per cent to $2,545.

FM Sitharaman flags anonymity as 'inherent risk' in use of blockchain

Finance Minister Nirmala Sitharaman flagged anonymity as an "inherent risk" in blockchain technology and called for taking precaution in future with a rise in the use of this technology

US chipmaker Nvidia fined $5.5 mn over crypto mining disclosures in US

US SEC's order claims Nvidia misled investors by reporting a huge boost in revenue related to "gaming", hiding how much its success relied on the far more volatile crypto market, reports The Verge

Take a cautious approach in launching a digital currency, says report

Developing it could have some hazards, including those to institutions, end-users, and reputation of the central bank, says NCAER working paper

US doubles down on efforts to fight rising cryptocurrency frauds

Cryptocurrency scammers netted $7.7 billion worth of cryptocurrency from victims in 2021, an 81 per cent rise in losses compared to last year.

Now, Central African Republic says Bitcoin is its official currency

The country is following the lead of El Salvador, which in September became the first nation to introduce Bitcoin as legal tender

India will adopt a considered view on crypto: FM Nirmala Sitharaman

The decision on crypto will not be rushed through, she said in an interaction at Stanford University.

Payment gateways avoid powering crypto exchanges given RBI reservations

Recently, NPCI had clarified that it is not aware of any crypto exchanges using UPI after Coinbase, America's largest crypto exchange said it has tied up with UPI

Cryptoverse: Ether prepares for epic 'merge' in quest to eclipse bitcoin

The anticipation had supported ether this year, even as inflation and monetary tightening shackled bitcoin

Bitcoin touches six-week low amid risk-off mood; Ether slumps to $2,799

The second-biggest coin, Ether, slumped to $2,799, a level not seen since March 18

3 Altcoins Ready For A Bull Run: Pac-Man Frog (PAC), Solana (SOL) and Hedera (HBAR)

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Coinbase unveils NFT marketplace with an eye on growth, revival

A trial version of its long-awaited platform - designed to sell ownership of digital art and possibly other items - was unveiled on Wednesday

New gold-backed crypto shines amid Ukraine war, inflation led global gloom

By contrast, bitcoin has lost over 13% and ether is down 20%

Top headlines: CoinDCX raises $135 mn; Lavrov says Ukraine op in new stage

Business Standard brings you the top headlines on Tuesday

Crypto exchange CoinDCX raises $135 mn in funding as valuation tops $2 bn

CoinDCX aims to triple its staff to over 1,000 employees by the end of 2022

Major risks of crypto - money laundering and terror financing: Sitharaman

The Union Minister reached Washington today on an official visit to attend the Spring Meetings at the World Bank, the G20 Finance Ministers meeting and the Central Bank Governor Meeting (FMCBG)

Cryptocurrency payments are frozen across India, hitting trading

Daily trading volumes on Indian crypto exchanges, which collectively cater to about 15 million people, has tumbled by between 88% and 96% since peaking last year, data from CoinGecko show

Opera's Crypto Browser now available for iOS; aims to attract crypto owners

Web browser company Opera has announced that its Crypto Browser for Web3 is now finally rolling out on iPhones and iPads.

US blames North Korean hacker group Lazarus for $625 mn crypto heist

The US has blamed North Korean hacker group Lazarus for stealing $625 million in cryptocurrency from the Ronin Network, owned by developer group Sky Mavis.

CBDC likely to pose risks for financial stability, says World Bank

CBDC differs from traditional central bank money in that it can be digitally created and recorded on centralised or decentralised ledgers