Page 78 - Cryptocurrency
Bitcoin plunges to $30,066; crypto market cap losses nearly $1 trn
The sharp declines came after China banned financial and payment institutions from providing cryptocurrency services
 "Bitcoin plunges to $30,066; crypto market cap losses nearly $1 trn")
Bitcoin slides below $40,000 after China's ban on cryptocurrency services
The cryptocurrency has tumbled 40 per cent from a record high of $64,895 hit on April 14. It is also heading for its first monthly decline since November 2018.
 "Bitcoin slides below $40,000 after China's ban on cryptocurrency services")
What Beijing's new crackdown means for cryptocurrencies in China
Many of the new rules expand on previous restrictions aimed at cryptocurrencies and close loopholes that had allowed some finance and payment firms to continue in the trade
 "What Beijing's new crackdown means for cryptocurrencies in China")
Explained: Why cryptocurrency jumps and falls on Elon Musk's tweets
The value of a crypto depends solely on the equation between supply and demand, and demand is driven solely by sentiment
 "Explained: Why cryptocurrency jumps and falls on Elon Musk's tweets")
Bitcoin is the most crowded trade globally, says BofA Fund Manager Survey
Inflation is now counted as the biggest risk for markets with 35 per cent of FMS investors agreeing to this, followed by taper tantrum (27 per cent) and asset bubble (15 per cent)
 "Bitcoin is the most crowded trade globally, says BofA Fund Manager Survey")
Buyers beware as 'altcoin' frenzy bruises bitcoin's market share
Dogecoin last week jumped about 25% after Musk said he was working with its developers to boost its efficiency.
Scammers impersonating Elon Musk steal more than $2 mn in cryptocurrency
Over the last six months, consumers have lost over $2 million in cryptocurrency to scammers impersonating Tesla and SpaceX CEO Elon Musk, according to the Federal Trade Commission (FTC)
 "Scammers impersonating Elon Musk steal more than $2 mn in cryptocurrency")
Amid volatility, Bitcoin rallies from three-month low on Musk's tweet
Musk said Tesla would not sell its bitcoin, but the cryptocurrency has dropped by almost a quarter since Musk's reversal on Tesla taking it as payment
 "Amid volatility, Bitcoin rallies from three-month low on Musk's tweet")
Hackers stealing money via 167 fake trading, crypto apps on Android, iOS
Researchers have identified 167 counterfeit Android and iOS apps being used by hackers to steal money from people who believe they have installed a financial trading, banking or cryptocurrency app
 "Hackers stealing money via 167 fake trading, crypto apps on Android, iOS")
Bitcoin hits three-month low as Elon Musk drives investors to exit
Musk has boosted crypto markets with his enthusiasm for the asset class, but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin
 "Bitcoin hits three-month low as Elon Musk drives investors to exit")
Crypto exchanges draw attention of regulators over brand promotions
According to regulatory sources, the brand promotion could mislead retail investors as the legality of cryptocurrency itself is under the scrutiny of the central government
 "Crypto exchanges draw attention of regulators over brand promotions")
Dramatic re-rating of the US at expense of other markets: Cameron Brandt
The jump in new Covid cases in India is spooking foreign institutional investors, says Brandt
 "Dramatic re-rating of the US at expense of other markets: Cameron Brandt")
Colonial Pipeline paid hackers $5 million in ransom, says official
The company paid the hefty ransom in difficult-to-trace cryptocurrency within hours after the attack
 "Colonial Pipeline paid hackers $5 million in ransom, says official")
Dogecoin surges on Elon Musk tweet as crypto rollercoaster continues
Bitcoin fluctuated on Friday, and was trading at around $50,500 as of 6 am in New York
 "Dogecoin surges on Elon Musk tweet as crypto rollercoaster continues")
How to use 50 trillion Shiba Inu in Covid-hit, crypto-wary India
Prices of Shiba Inu have recovered about 25% in the past 24 hours, according to CoinGecko.com.
 "How to use 50 trillion Shiba Inu in Covid-hit, crypto-wary India")
Roaring crypto cacophony drowns out rest of Wall Street in a wild week
Dogecoin wasn't the only canine-themed coin to take a tumble.
 "Roaring crypto cacophony drowns out rest of Wall Street in a wild week")
RBI tells lenders to reconsider ties with crypto exchanges, traders
The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them, which would be among the most sweeping crackdowns on the new investing fad in the world
 "RBI tells lenders to reconsider ties with crypto exchanges, traders")
Ethereum founder donates $1.14bn in cryptocurrency to Covid-hit India
Vitalik Buterin, the Russia-based co-founder of the world's second largest cryptocurrency Ethereum, has donated 500 coins and over 50 trillion SHIB meme coin worth around $1.14 billion to the India
 "Ethereum founder donates $1.14bn in cryptocurrency to Covid-hit India")
Cryptocurrency ethereum hits another record high as 2021 gains near 500%
Cryptocurrency Ether hit another record high on Wednesday, taking gains this year to close to 500% on the back of growing interest in decentralized finance applications
Elon Musk asks Twitter users if Tesla should accept Dogecoin
Billionaire Elon Musk and cryptocurrency aficionado on Tuesday asked his 54 million followers on Twitter "Do you want Tesla to accept Doge?", referring to a digital currency worth roughly 48 cents