Page 31 - Cryptocurrency

President Biden signs order on cryptocurrency as its use explodes

Biden signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency.

Top headlines: MFs log Rs 19,705-cr net inflow in Feb; Bitcoin tops $42,000

Business Standard brings you the top headlines on Wednesday

Bitcoin tops $42,000 as Yellen lauds 'historic' crypto overhaul

Yellen praised an upcoming order from Biden in a statement on Treasury's website that was later removed, saying it strikes the right balance between fostering innovation and addressing potential risks

Joe Biden expected to sign executive order on cryptocurrency this week

President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded

Paresh Maity joins NFT bandwagon, collection to be auctioned on March 4

With five of his paintings going under the hammer on an NFT marketplace on Friday, leading contemporary painter Paresh Maity becomes the new artist dipping his toe into the world of metaverse

Indian founder on the run in global $2.4 bn crypto ponzi scheme

Satish Kumbhani, founder of crypto BitConnect who has been indicted in the US for running a $2.4 billion crypto ponzi scheme, has likely "relocated from India to an unknown location" abroad

Bitcoin tops $44,000 in tentative comeback as portfolio hedge

Bitcoin can benefit from some of the instability which will likely befall the dollar and euro as a result of worsening international tensions, says an expert

BitConnect's indicted founder Satish Kumbhani has disappeared, says SEC

BitConnect used money from new investors to pay earlier ones, the U.S. said.

Ukraine raises over $15 mn in crypto post Russian invasion

These applicants eligible for the waiver are students (F, M, and academic J visas), workers (H-1, H-2, H-3, and individual L visas), Culture and extraordinary ability (O, P, and Q visas).

Bitcoin hovers around $39K amid talks of Russia-Ukraine dialogue

Earlier, the global crypto market lost nearly 10 per cent of its value as Russia invaded Ukraine on Thursday

Indian founder of cryptocurrency company indicted for $2.4 bn fraud

The founder of cryptocurrency investment platform BitConnect, an Indian national, has been indicted on charges of orchestrating a global Ponzi scheme worth $2.4 bn, federal prosecutors said.

Legal or illegal? SC asks Centre to make its stand clear on Bitcoins

The Reserve Bank of India's order banning banks from supporting crypto transactions, was reversed in March 2020, by the Supreme Court.

Ukraine crisis: Bitcoin jumps more than 11%; Russian stocks & ruble rise

Other digital coins including ether and XRP saw solid gains as well

Bitcoin helping Russia evade financial sanctions, Putin may legalise crypto

Bitcoin surged to $39,000 in a quick rally following Biden's sanctions after dipping below $35,000 on Thursday when Putin declared war on Ukraine

Russia-Ukraine crisis: Bitcoin and other cryptocurrencies plummet

The traditional safe haven gold, meanwhile, surged to the highest level since early 2021 on Thursday

Russia could use cryptocurrency to blunt the force of US sanctions

Russian companies have many cryptocurrency tools at their disposal to evade sanctions, including a so-called digital ruble and ransomware

Cryptos: Bitcoin, Ether dive as Russia's assault on Ukraine rocks markets

The largest token fell as much as 8.5% to $34,337 after Vladimir Putin's push to demilitarise Ukraine started with a barrage of missile attacks on Thursday

Bharti Airtel acquires strategic stake in Blockchain-tech startup Aqilliz

Bharti Airtel on Thursday announced that it has acquired a strategic stake in Singapore-based Blockchain platform Aqilliz for an undisclosed sum.

Gold fights off rising rates, Bitcoin to be haven amid Ukraine tensions

Prices have surged to the highest since the start of June on escalating tensions between Russia and the West over Ukraine

ASCI frames guidelines for crypto, NFT-related advertising, promotion

ASCI has clarified that its guidelines should not be read as a legal recognition or endorsement of the industry or sector since that is a matter of government policy