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Page 15 - Cryptocurrency
Bitcoin stuck in narrow range as traders brace for Jackson hole
Cryptocurrencies have been trading in tandem with US equities this year as both have been swayed by the Federal Reserve's interest-rate-hiking path
 "Bitcoin stuck in narrow range as traders brace for Jackson hole")
WazirX co-founder raising up to $20 mn for new blockchain venture: Report
Nischal Shetty's new venture Shardeum aims to solve the existing shortcomings of Blockchains, such as Ethereum, including low scalability, high fees, and low throughput.
 "WazirX co-founder raising up to $20 mn for new blockchain venture: Report")
The sleuths who protect cryptocurrencies from hackers are raking in money
As mass firings become the norm elsewhere in crypto, they're boosting hiring, raising prices and taking in fresh funding
 "The sleuths who protect cryptocurrencies from hackers are raking in money")
Bitcoin drops most in two months as global markets turn risk off
Bitcoin, the largest virtual coin by market capitalization, tumbled as much as 9.2% to $21,271, the biggest intraday drop since June 18
 "Bitcoin drops most in two months as global markets turn risk off")
North Korea's Lazarus hackers targeting Apple Mac users with fake job post
The Mac malware campaign is new and not part of previous Lazarus campaigns
 "North Korea's Lazarus hackers targeting Apple Mac users with fake job post")
Top Headlines: CBDC rollout this FY, banks deal with sanctioned entities
The Reserve Bank of India is planning to introduce its Central Bank Digital Currency (CBDC) this fiscal year in a phased manner
 "Top Headlines: CBDC rollout this FY, banks deal with sanctioned entities")
Ethereum overhaul risks creating a new class of crypto kingpins
While there are already more than 416,000 validators lined up to order transactions, there are only a handful of participants committed to serving as builders
 "Ethereum overhaul risks creating a new class of crypto kingpins")
RBI turns net seller of US currency in June; sells $3.719 bn: Data
Reserve Bank of India turned net seller of the US currency in June after it sold $3.719 bn on a net basis, the central bank data showed
 "RBI turns net seller of US currency in June; sells $3.719 bn: Data")
Crypto scam revenue slips 65% amid economic downturn
As the global downturn continues, the crypto scam revenue for 2022 also dropped 65 per cent at $1.6 billion this year, lower than where it was through the end of July in 2021.
Amid global crypto meltdown, Crypto.com lays off even more employees
Crypto lending exchange Crypto.com has laid off more employees in the second round and this time, the firing of employees is worse than the previous job cut, as the global crypto meltdown gets deeper.
 "Amid global crypto meltdown, Crypto.com lays off even more employees")
WazirX controversy bares crypto's vault of trade secrets in India
The ED found that large amounts of funds were diverted by the fintech companies to buy crypto assets and then launder them abroad
Cryptocurrencies' rally cools as Ethereum upgrade optimism loses steam
Matt Maley, chief market strategist at Miller Tabak & Co, said that the pullback was natural, as investors took 'some chips off the table'
Mike Novogratz's Galaxy Digital terminates $1.2-bn acquisition of BitGo
"We are committed to continuing our process to list in the US and providing our clients with a prime solution that truly makes Galaxy a one-stop shop for institutions," he added.
Bitcoin tops $25,000 for first time since June amid crypto rally
Crypto struggled through the first half of the year as the Federal Reserve hiked rates to combat stubbornly high inflation, with the prices of Bitcoin, Ether and other tokens falling by more than 50%
 "Bitcoin tops $25,000 for first time since June amid crypto rally")
 "Jaipur's crypto startups Suncrypto facilitating easy crypto investment")
ED attaches Rs 370 cr deposits, including crypto assets of a Bengaluru firm
The federal agency froze the funds after it raided the premises of the company, Yellow Tune Technologies Pvt. Ltd, located in Karnataka's capital city over three days, starting August 8.
 "ED attaches Rs 370 cr deposits, including crypto assets of a Bengaluru firm")
Crypto wrap: Market participants coming out of bear phase, experts suggest
In the last seven days, Bitcoin rose nearly 3 per cent, and Ethereum gained 13 per cent. The total crypto market cap rose from $1.03 trillion to $1.1 trillion
 "Crypto wrap: Market participants coming out of bear phase, experts suggest")
Japanese yen fell the most against a resurgent US dollar on Friday
The Japanese yen fell the most against a resurgent U.S. dollar on Friday, as a two-day rally in equities conceded to market expectations that the Fed will have to do a lot more to contain inflation.
 "Japanese yen fell the most against a resurgent US dollar on Friday")
Crypto derivatives volumes surge to $3.12 trillion in July: Report
The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes on exchanges to $4.51 trn in July, CryptoCompare said
Hackers exploited crypto platform RenBridge to launder $540 mn: Reports
More than half a billion dollars have been laundered in crypto assets originating from theft, fraud, ransomware and various other types of criminal activity since 2020, a new report has revealed
