Page 6 - Cryptocurrency

Dovish Powell sends Ethereum to fresh all-time high; what's next for ETH?

The surge was further fuelled by strong inflows into US spot Ethereum ETFs and strategic buying by corporate treasuries

Crypto markets hold breath as investors await Powell's Jackson Hole speech

While bulls are attempting to trigger a recovery, analysts believe that bearish sentiment still dominates the broader crypto market

Bank-AI collab improves pricing, risk models: Philadelphia Fed's Jagtiani

Bank-fintech collaborations are allowing for more proper pricing and risk underwriting, said Julapa Jagtiani, Senior Economic Advisor and Economist at the Federal Reserve Bank of Philadelphia, on Thursday. Jagtiani was addressing a webinar on "Beyond Intuition: AI, Crypto, and Social Algorithms Shaping the Future of Finance", organised by Indian Institute of Management Bangalore (IIMB) Centre for Software and IT Management (CSITM). "When banks team up with vendors of AI solutions, we see more correct pricing of non-prime borrowers. Rather than pricing all as equally risky, AI differentiates who will default and who will not," said Jagtiani. The webinar was attended by more than 170 participants and included pre-eminent finance professionals from the United States, United Kingdom, and India. Apart from Jagtiani, the panel comprised Evelyn de Rothschild, Professor of Finance at Cambridge Judge Business School, Marina Niessner, Assistant Professor of Finance at Indiana University's ..

Crypto confidence in India hinges on security, not just returns: CoinSwitch

Sixty per cent of respondents expressed positive sentiment towards crypto investments, while 20 per cent felt negative and another 20 per cent remained neutral

WazirX secures majority creditors' nod for revised scheme of arrangement

Zettai said 95.7 per cent of WazirX creditors backed its revised scheme, covering $206.9 million in claims, with redistribution of assets pending Singapore court approval

Delhi High Court orders WazirX to disclose Binance acquisition details

The court has also ordered the company to disclose details of the ongoing restructuring proceedings before the Singapore High Court, as per its order dated August 5

Ethereum leads altcoin rally amid shifting crypto winds: Binance Research

Bitcoin's market dominance declined to approximately 60 per cent, while Ethereum's share surpassed 11.8 per cent, indicating a notable shift in asset allocation within the cryptocurrency market

CoinDCX to absorb $44 million security breach loss: CEO Sumit Gupta

Gupta maintained that customer funds on the platform were not compromised since they were parked on a cold wallet infrastructure

ED busts ₹11.5 Cr scam: Indians pose as Bank of America to trick US woman

The accused contacted U.S.-based Merle Lee Korejwo and illegally accessed her computer posing as bank officials.

US SEC unveils major reforms to support crypto, blockchain trading

Securities and Exchange Commission Chair Paul Atkins said in remarks that he has directed commission staff to craft guidelines to determine when a crypto token is a security as well as proposals

Platform security assumes criticality in the face of crypto hacks

Crypto platforms need to integrate automation and intelligence into a unified security stack, run well-compensated bug bounty programmes, and have stringent KYC protocols in place

26-35 year-old's drive crypto craze in India; Kolkata tops portfolio gains

Bitcoin (BTC) retained its position as the most preferred crypto asset among Indian investors, capturing 6.5 per cent of overall investor interest

Altseason in 2025: Meaning, trends, key altcoins to keep an eye on

Altseason, analysts suggest, typically follows a pattern in the crypto market's 4-year cycle - starting with Bitcoin, then large-cap tokens like ETH and SOL, and finally spreading to smaller altcoins

CoinDCX joins list of the biggest crypto breaches in recent times

In 2024, around $2.2 billion worth of cryptocurrencies were stolen. This followed losses of $1.7 billion in 2023 and $3.8 billion in 2022

Decoded: What are stablecoins, and why is the US regulating them?

Stablecoins are digital assets that are designed to maintain a stable value relative to a specific reference asset, like a fiat currency such as the US dollar

CoinDCX offers up to 25% recovery bounty after $44.2 mn crypto theft

CoinDCX offers up to 25% bounty after $44.2 mn theft. Firm seeks white-hat help in crypto recovery, amid rising cyberattacks on Indian exchanges

US legal backing for Stablecoin starts regulatory debate in India

Supporters say crypto can be used for purposes as varied as managing government subsidies and trade settlements

CoinDCX hit by major cyberattack, $44 mn drained: All you need to know

The incident came around the heals of the first anniversary of a security breach at WazirX, another cryptocurrency exchange which reported theft of approximately $230-235 million in July 2024

Trump signs first US law on stablecoins, hails it a 'financial revolution'

US President Donald Trump has signed the first federal stablecoin law, calling it a major leap for US crypto leadership; measure sets strict rules for dollar backing and boosts dollar's global reserve

President Donald Trump will sign new cryptocurrency bill into law on Friday

President Donald Trump on Friday will sign into law a new set of regulations for a type of cryptocurrency that are seen as a way to legitimise the burgeoning industry. The GENIUS Act sets initial guardrails and consumer protections for stablecoins, a type of cryptocurrency that is tied to a stable asset like the US dollar to reduce price volatility. It passed both the House and Senate with wide bipartisan margins. The measure is meant to bolster consumer confidence in the rapidly growing crypto sector. Its passage comes as Trump makes it a mission to make the U.S. the crypto capital of the world. Congratulations to our GREAT REPUBLICANS for being able to accomplish so much, a record, in so short a period of time," Trump wrote on his social media site Friday morning as he announced the bill signing. The House also passed two other bills Thursday that are meant to boost the legitimacy of the crypto industry. One creates a new market structure for cryptocurrency, and the other bans th