Page 64 - Cryptocurrency

Top headlines: Cryptos 'may figure' on RBI agenda, US Covid deaths top 800k

The US death toll from Covid-19 topped 800,000 on Tuesday, as more than 200,000 of those lives were lost after the vaccine became available. More on top headlines for this morning

Cryptos 'may figure' on RBI central board meet agenda on December 17

It is not unusual for the RBI board to deliberate on matters not listed on the agenda

Musk says Tesla will accept Dogecoin for merchandise, crypto jumps 24%

Tesla sells merchandise such as apparel, belt buckle, mini models of its vehicles, quad bike 'Cyberquad' for kids and 'Cyberwhistle' modeled after its much-awaited Cybertruck

Clarify stand on cryptocurrency, PM's Twitter hack: Adhir Ranjan Chowdhury

Raising the issue during Zero Hour in Lok Sabha, Chowdhury said if the prime minister's Twitter handle was not safe, how can the Twitter accounts of a common person be secure.

Binance affiliate says will withdraw Singapore licence application

Binance's Singapore unit was one of well over 100 cryptocurrency companies to apply for a license to operate in Singapore and had been allowed do business while its license request was being processed

Capital preservation now more important than doubling the money: Marc Faber

The Indian economy can outperform the rest of the world economy, says Faber

Bitcoin posts fourth consecutive weekly drop from all-time high

Bitcoin is down about 30% since reaching a record of almost $69,000 on Nov. 10.

Modi bats for joint efforts to shape global norms for social media, cryptos

Modi on Friday called for united efforts to shape global norms for emerging technologies like social media and cryptocurrencies so that they are used to "empower" democracy and not to "undermine" it

Treat crypto or digital tokens as securities of special class, says CII

Crypto or digital tokens should be treated as securities of a special class to which the provisions of existing securities regulations will not apply, CII said in a statement.

Crypto may erode central bank's control over money supply: Former RBI Guv

Rao, who served as the governor of RBI from 2008 to 2013, said the central bank digital currency also needs robust data protection laws

Cyber security, frauds main concerns with digital currency: RBI

The RBI had earlier this year announced that it has started work on a central bank digital currency

Visa launches crypto advisory service for financial institutions, merchants

Visa Inc launched a global crypto advisory service for clients such as banks and also merchants, as the adoption of digital currencies gains steam

India is said to consider capital markets regulator for cryptos: Report

Govt is also likely to give crypto holders a deadline to declare assets, say sources

Proposed India bill banning crypto payments could mean jail for violations

While no official data is available, industry estimates suggest there are some 15-20 mn crypto investors in India, with total crypto holdings of roughly Rs 45,000 cr

Top headlines: New rules for international arrivals; Spinny latest unicorn

Business Standard brings you the top stories on Tuesday

Bitcoin price back over $50,000, as market calms after weekend turmoil

Bitcoin rose 1.5% in early Asia on Tuesday, after firming overnight in line with equity markets and other risk assets, but many crypto traders remained on edge after Saturday's sharp and sudden plunge

No plans to boost cryptocurrency sector in India, FinMin tells Lok Sabha

The RBI has been examining use cases and working out a phased implementation strategy for introduction of CBDC with little or no disruption

Web 3.0, blockchain can add $1.1 tn to India's GDP by 2032: Report

Digital asset market capitalisation was nearly $1.5 billion in 2013, and stands at about $3 trillion today

Bitcoin below $50,000, at early October levels, after weekend's battering

Traders said the weekend fall was connected with the broad move away from riskier assets in traditional markets over worries about the Omicron variant

A well-consulted Crypto Bill will come in Parliament after Cabinet nod: FM

Earlier this week, Sitharaman said the new bill takes into account the rapidly changing dimensions in virtual currency space, and incorporates features of the earlier bill that could not be taken up