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Page 18 - Cryptocurrency
Tesla sells 75% of its Bitcoin holdings after Musk said he doesn't dump
The carmaker had converted roughly 75% of its Bitcoin to fiat currency as of the end of June, adding $936 million of cash to its balance sheet, according to its shareholder letter
 "Tesla sells 75% of its Bitcoin holdings after Musk said he doesn't dump")
Bitcoin climbs past $24,000 after a month amid hopes of softer Fed action
The world's largest digital token rose as much as 3.3% Wednesday to trade around $24,066, the highest level since mid-June
 "Bitcoin climbs past $24,000 after a month amid hopes of softer Fed action")
Crypto markets rebound but assets future in India uncertain: Experts
From April 1, a 30 per cent tax was applied on income from the sale of cryptocurrency. From July 1, an additional 1 per cent tax was applied in the form of tax deducted at source (TDS)
 "Crypto markets rebound but assets future in India uncertain: Experts")
Bitcoin rallies to trade above $22,000; Ether, Avalanche advance
June's crypto wipeout has given way to a sharp rebound, with Ether up 47% this month and Polygon more than doubling
 "Bitcoin rallies to trade above $22,000; Ether, Avalanche advance")
Dutch central bank fines Binance for offering services without permissions
The fine was issued against Binance Holdings Ltd. in April 2022, following a public warning issued against Binance in August 2021, DNB said
 "Dutch central bank fines Binance for offering services without permissions")
Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD
FM Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on monetary and fiscal stability
 "Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD")
Crypto m-cap tops $1 trillion; Bitcoin breaches $22,000-mark after a month
Bitcoin, the largest cryptocurrency by market cap, regained the $22,000 level and was trading at $22,241.17, over 4 per cent higher than the last close
Global cooperation needed to regulate crypto: Sitharaman tells Parliament
RBI has called cryptocurrencies a 'real danger', listing their risk in its annual report
 "Global cooperation needed to regulate crypto: Sitharaman tells Parliament")
RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament
The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the govt, said Nirmala Sitharaman in a written reply
 "RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament")
Reserve Bank remains net buyer of US currency in May; buys $2 billion
The Reserve Bank of India (RBI) remained net buyer of the US currency in May, after it purchased USD 2.001 billion on net basis from the spot market, the RBI data showed.
 "Reserve Bank remains net buyer of US currency in May; buys $2 billion")
Group representing Indian crypto exchanges to be dismantled: Report
The Internet and Mobile Association of India (IAMAI) is dismantling BACC after disagreement and allegations that crypto exchanges were not following an internal code of conduct
Crypto lender Celsius Network files for bankruptcy after cash crunch
Celsius, which has more than 100,000 creditors, said it took the step to stabilise its business and work out a restructuring for all stakeholders
 "Crypto lender Celsius Network files for bankruptcy after cash crunch")
Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion
"We are on a mission to embed sustainability into blockchain," said Pratik Gauri, chief executive officer and founder of 5ire
 "Blockchain start-up 5ire turns 105th unicorn, valued at $1.5 billion")
Crypto lender Celsius files for bankruptcy in New York after sharp sell-off
New Jersey-based Celsius froze withdrawals last month, citing 'extreme' market conditions, cutting off access to savings for individual investors and sending tremors through the crypto market
 "Crypto lender Celsius files for bankruptcy in New York after sharp sell-off")
Top headlines: 5G spectrum auction, economic growth projection, and more
From 5G spectrum auction to tax irregularities, here are the top headlines on Thursday morning
 "Top headlines: 5G spectrum auction, economic growth projection, and more")
India's crypto exchanges flouted KYC, money laundering norms: ED
The latest findings by the federal agency have come to light during its ongoing probe into forex violation by at least 11 crypto exchanges
 "India's crypto exchanges flouted KYC, money laundering norms: ED")
Global regulators back 'same risk, same regulation' for stablecoins
TerraUSD stablecoin collapsed earlier this year, while crypto lender Voyager Digital filed for bankruptcy this month
 "Global regulators back 'same risk, same regulation' for stablecoins")
G20 watchdog FSB to propose first global crypto rules in October
Recent turmoil in crypto markets has highlighted their volatility, structural vulnerabilities and increasing links to the wider financial system, the FSB said
Bitcoin is more likely to hit $10,000 than $30,000, finds MLIV Pulse survey
This sector remains a polarizing one: while some 28% of the overall respondents expressed strong confidence that cryptocurrencies are the future of finance, 20% said they're worthless.
 "Bitcoin is more likely to hit $10,000 than $30,000, finds MLIV Pulse survey")
CoinSwitch appoints former Myntra VP as head of crypto engineering
Sudheer Tumuluru joins CoinSwitch from Myntra where he was VP-engineering. With two decades of experience, he has built cloud, Big data and infrastructure platforms at tech firms in India and US
 "CoinSwitch appoints former Myntra VP as head of crypto engineering")
