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Page 26 - Cryptocurrency
Equities, cryptos, metals: Most asset classes gave negative return in 2022
These negative returns have largely been triggered by panic selling by new investors who exited in droves in the backdrop of rising interest rates, inflation worries and the geopolitical tensions
 "Equities, cryptos, metals: Most asset classes gave negative return in 2022")
Crypto collapse intensifies as stablecoin Tether slides below dollar peg
The sell-off has taken the combined market value of all cryptocurrencies to $1.2 trillion, less than half of where it was last November, based on data from CoinMarketCap
 "Crypto collapse intensifies as stablecoin Tether slides below dollar peg")
No RBI directive that goes against Supreme Court ruling on cryptos
In a circular issued last May, RBI asked banks and other regulated entities to not cite its April 2018 circular that imposed restrictions in dealing with virtual currencies
 "No RBI directive that goes against Supreme Court ruling on cryptos")
Over $200 billion wiped off cryptocurrency market in a day: CoinMarketCap
Bitcoin plunged by as much as 10 per cent in the last day to its lowest level since December 2020, while Ethereum dropped as much as 16 per cent
Terra developers halt new transactions on stablecoin blockchain
The value of Luna fell close to zero on Thursday, while UST remained around 36 cents
 "Terra developers halt new transactions on stablecoin blockchain")
Top headlines: Retail inflation soars to 7.79% in Apr; L&T Q4 net rises 10%
Business Standard brings you the top headlines on Thursday
 "Top headlines: Retail inflation soars to 7.79% in Apr; L&T Q4 net rises 10%")
Terra Luna cryptocurrency collapses 98%, investors lose life savings
The dramatic crash of Terra (Luna), ranked among the top 10 most valuable cryptocurrencies, has wreaked havoc in the lives of investors who are feared they will become homeless after the crypto mayhem.
Crypto billionaires' vast fortunes destroyed in weeks amid global sell-off
Billionaire crypto fortunes that swelled over the last two years are disappearing after a selloff that began with tech stocks spilled over into digital money
Bitcoin falls to lowest in 16 months by $26,970, giving up 2021 gains
The world's largest cryptocurrency dropped as low as $26,970, to stand at its lowest since Dec. 28, 2020. In the last eight sessions, it has lost a third of its value, or $13,000
 "Bitcoin falls to lowest in 16 months by $26,970, giving up 2021 gains")
Dollar hovers near two-decade high of 103.92 as US inflation moderates
The consumer price index climbed 8.3% on an annual basis in April, easing from 8.5% in March but outstripping the 8.1% estimate of economists
 "Dollar hovers near two-decade high of 103.92 as US inflation moderates")
Coinbase admits RBI's use of informal pressure prompted halting of trade
The comments by Coinbase's Armstrong bring forth the challenges that the crypto industry is facing
 "Coinbase admits RBI's use of informal pressure prompted halting of trade")
Coinbase new disclosure does not mean crypto firm risks bankruptcy: CEO
Coinbase would take further steps to ensure it offered protection for its retail customers, says Brian Armstrong.
 "Coinbase new disclosure does not mean crypto firm risks bankruptcy: CEO")
'Informal pressure' from RBI forced us to halt UPI payments: Coinbase CEO
The US-based and Nasdaq-listed crypto exchange had halted payments via unified payments interface mode on its app in India last month
Top headlines: SBI to raise up to $2 bn in FY23; Asian Paints Q4 net slips
Business Standard brings you the top headlines on Tuesday
 "Top headlines: SBI to raise up to $2 bn in FY23; Asian Paints Q4 net slips")
Stablecoin Terra's broken dollar peg hits wider cryptocurrency markets
TerraUSD, the world's fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin's tumble below $30,000 for the first time
Mayhem in crypto market as Bitcoin dips below $30,000-mark, investors panic
The overall global cryptocurrency market dropped 13 per cent, and was hovering around $1.37 trillion market cap, which is its lowest this year
Bitcoin falls to 22-month low of $31,763 as stock markets tumble
Bitcoin dropped to as low as $32,763.16 shortly before 1100 GMT, in its fifth consecutive session of falling.
 "Bitcoin falls to 22-month low of $31,763 as stock markets tumble")
Dollar hits 20-yr-high amid rising US rates, Ukraine war, China's lockdown
The dollar's gains were set against sliding stockmarkets and sent it ahead against other havens, commodity currencies and emerging market currencies alike
 "Dollar hits 20-yr-high amid rising US rates, Ukraine war, China's lockdown")
Bitcoin value drops by 50% since Nov peak; Ethereum falls 10% in a week
The slide in the value of digital assets comes as stock markets around the world also dropped in recent days
Chinese yuan down 567 pips to 6.68 against US dollar amid economic slowdown
Amid the COVID-19 induced slowdown, the Chinese economy faces twin challenges of the shrinking job market and an aging population, according to a report
 "Chinese yuan down 567 pips to 6.68 against US dollar amid economic slowdown")
