Page 25 - Cryptocurrency

'Coin' in Bitcoin name doesn't make it money, warns IMF chief Georgieva

Anything not backed by a sovereign guarantee can be an asset class but not a currency, as she asserted that Bitcoin cannot be 'money' just because it has got 'coin' in its name.

WEF 2022: Crypto firms dominate Davos main street despite price crash

Tether offered passers-by free slices to celebrate Bitcoin Pizza Day in May. 22, when in 2010 Lazlo Hanyecz paid for two pizzas with 10,000 bitcoin, worth about $41 at the time

WEF 2022: Crypto crowd dominate Davos main street despite price crash

The crypto crowd's prominence at Davos, while largely on the sidelines of the main event, comes as cryptocurrencies shed $800 bn in market value earlier this month

'I'm not a billionaire anymore': Another crypto tycoon sees fortunes sink

Buterin created Ethereum in 2014 and is the owner of a digital wallet that as recently as November contained holdings worth about $1.5 billion

Crypto-loving S Koreans bet on Luna rising from ashes, worrying regulator

Reckoning they have little to lose with prices so ridiculously low, South Korean speculators in recent days have piled into Luna, a cryptocurrency that lost 99.99% of its value last week

Small investors lose faith and savings in cryptocurrencies after sell-off

Cryptocurrencies are subject to patchy regulation across the world, with traders of bitcoin and the panoply of smaller tokens typically unprotected against price slumps

Crypto price collapse offers hope for slowing climate change: Here's how

Prices for the largest cryptocurrencies, bitcoin and ethereum, have both dropped by over 55% in six months, leading some to suggest that regulation is needed to contain the turmoil.

NFTs, Metaverse prices follow crash of cryptos; innovations finding favour

But market is filtering out non-worthy assets

RBI turns net seller of US currency in March to defend rupee; sells $20 bn

Reserve Bank of India turned net seller of the US currency in March after it sold $ 20.101 billion on a net basis in the spot market, according to RBI's monthly bulletin for May 2022.

Bitcoin edges past $30,000-mark as traders assess stablecoin fallout

The world's largest cryptocurrency rose 2% to about $30,500 as of 9:08 a.m. in London. Other coins from Ether to Avalanche also posted modest gains.

Blockchain gaming industry concerned over TerraUSD, Luna crash

Game companies with products featuring virtual coins and other blockchain functionalities remain on heightened alert over adverse effects from the recent collapse of the TerraUSD and Luna

Bitcoin back below $30,000; European regulators warn about crypto risks

Bank of France Governor Francois Villeroy says crypto assets could disrupt the international financial system.

Crypto mayhem: $3.5 bn worth Bitcoin in Terra reserve just evaporated

The global crypto mayhem last week wiped out Bitcoin worth $3.5 billion -- created to defend and support the TerraUSD (UST) stablecoin which saw a total crash

Cryptos can 'seriously undermine' monetary system: RBI tells House panel

The digital assets can lead to 'dollarisation' of economy, say top officials of the central bank.

Bears tighten grip on cryptocurrency market after spell of volatility

Prices crashed, exchanges facing liquidity issues

ARK's Cathie Wood just keeps buying Coinbase and getting more inflows

While the rest of Wall Street was ditching Coinbase stock, Wood and her team stuck to their playbook and used the drop to increase holdings, adding about 860,000 shares in the week through Thursday

Crypto prices slip after Bitcoin's most volatile week in two years

Analysts say Bitcoin's $30,000 threshold will become 'a major resistance' if prices continue to consolidate below that mark over the next few days

Crypto world stabilizes after rocky week shakes dollar-pegged stablecoins

Bitcoin, the largest cryptocurrency by market value, last rose 4.85% to $29,925, rebounding from a December 2020-low of $25,400 which it hit on Thursday

Bitcoin set for record losing streak after 'stablecoin' collapse

Crypto-related stocks have taken a pounding, with shares in broker Coinbase steadying overnight but still down by half in little more than a week.

Cryptocurrencies stabilise, bitcoin rallies after stablecoin collapse

Crypto assets have been swept up in broad selling of risky investments on worries about high inflation and rising interest rates.