Page 28 - Cryptocurrency

New gold-backed crypto shines amid Ukraine war, inflation led global gloom

By contrast, bitcoin has lost over 13% and ether is down 20%

Companies are useless in decentralised world of Web3: Harsh Rajat of EPNS

In a Q&A, company's co-founder talks about starting the company amid the pandemic, the financial machinations of Web3 organisations and his vision for the future of his firm

Crypto exchange CoinDCX raises $135 mn in funding as valuation tops $2 bn

CoinDCX aims to triple its staff to over 1,000 employees by the end of 2022

RBI turns net purchaser of US currency in February, buys $771 mn

In the reporting month, the central bank bought $5.946 billion and sold $5.175 billion in the spot market, RBI said in its monthly bulletin for April 2022

'Don't play games': SC asks Bitcoin scam accused to share info with ED

Bhardwaj's counsel contended that Pune police officers had changed the password of 2 crypto wallets and had transferred 1,200 bitcoins

Cryptocurrency payments are frozen across India, hitting trading

Daily trading volumes on Indian crypto exchanges, which collectively cater to about 15 million people, has tumbled by between 88% and 96% since peaking last year, data from CoinGecko show

CBDC likely to pose risks for financial stability, says World Bank

CBDC differs from traditional central bank money in that it can be digitally created and recorded on centralised or decentralised ledgers

Nexo and Mastercard launch 'world first' crypto-backed payment card

It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream

Crypto firm MoonPay raises $87 mn from Bieber, Sharapova, others

The investments are part of the firm's Series A round, disclosed in November last year, which valued the company at $3.4 billion, MoonPay said

Indian crypto exchanges block deposits via state-backed system, stir alarm

The decision by CoinSwitch to halt UPI acceptance resulted from "regulatory uncertainty" after the NPCI statement.

Upcoming Metria Blockchain's token $METR increased By 200 pc

Crypto platform CoinSwitch Kuber temporarily disables rupee deposits

Users of the CoinSwitch mobile app are no longer able to make rupee deposits via Unified Payments Interface (UPI) or bank transfers via NEFT, RTGS, IMPS, and other methods.

Bitcoin declines below key technical mark as rate concerns mount

US inflation likely accelerated to 8.4% in March, the fastest pace since early 1982, economists surveyed ahead of data due Tuesday predict.

CBI rules out FBI presence in Karnataka to probe Bitcoin hacking case

The Bitcoin case had brought turmoil in the state last year when media reported that a hacker had hacked into the Bitcoin portal and siphoned off huge amount of money

CBI refutes reports claiming FBI team in India to probe 'bitcoin scam'

The statement comes after the Congress on Friday asked whether the FBI is in India to investigate an alleged "Bitcoin scam"

FAQ on taxation of cryptocurrencies, virtual digital assets in works

The government is working on an FAQ on taxation of cryptocurrencies, which will give a nuanced clarification on the applicability of income tax and GST on virtual digital assets, an official said.

Coinbase is in India for the long-term: CEO Brian Armstrong

Announces UPI-backed crypto trading for Indian users

Crypto platform Leap raises $3.2 mn in funding from CoinFund, Pantera

The next-generation crypto wallet allows users to transact on the Terra blockchain

Britain plans to regulate some cryptocurrencies amid global effort

There are also plans to explore the idea of using crypto technology to issue UK government debt

Nearly half of crypto owners first bought digital assets in 2021: Study

Brazil and Indonesia lead the world in crypto adoption, with 41% of people surveyed in those countries reporting crypto ownership