Page 33 - Cryptocurrency

Nothing to sell but dreams

Today's key crypto-related regulatory questions reveal how it is not fulfilling its promised potential

Top headlines: Chandra gets 2nd term; FM informs on legitimacy of cryptos

Here are the top headlines on Friday

Taxing income doesn't give cryptos legitimacy: FM Sitharaman

'I am not going to legalise it or ban it at this stage. Banning or not banning will come subsequently, when consultations give me input,' says FM in Parliament

Cryptos don't have any underlying value, not even a tulip: RBI Governor

At the post policy meeting with media persons, Governor Das said, the investors who invest in cryptocurrencies should keep in mind that they are doing so at their own risk

Crypto exchange Binance to invest $200 mn in US business media group Forbes

Patrick Hillmann, Binance's chief communications officer, and Bill Chin, head of Binance Labs, its venture capital arm, will join the Forbes board when the transaction closes

Top headlines: Das says cryptos have no underlying value; M&M Q3 net surges

Here are the top headlines on Thursday

Answering the Top 5 Questions on Cryptocurrencies

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Largest-ever seizure: 'Crocodile of Wall Street' held in giant crypto bust

The couple conspired to launder 119,754 bitcoins in 2016 that's now worth $4.5 billion

US accuses couple of laundering $4.5 bn in bitcoin tied to 2016 hack

The pair is accused of conspiring to launder 119,754 bitcoin stolen after a hacker broke into Bitfinex and initiated more than 2,000 unauthorized transactions

Race for blockchain engineering talent hots up as crypto ban cloud clears

Startups and IT majors alike are angling to recruit the best and brightest in the technology

Ethereum platform Polygon raises $450 mn in funding led by Sequoia Capital

Other who participated in the round were SoftBank Vision Fund 2, Galaxy Digital, Galaxy Interactive, Tiger Global, Republic Capital and others

Indian American to advise powerful Congressman on crypto matters

Says it is vital for the US and India to take the lead globally on setting standards on innovative frontiers

Indian blockchain start-up Polygon bags $450 mn from Sequoia, Tiger Global

Polygon is an Ethereum scaling platform that enables developers to build scalable DApps (decentralised apps) with low transaction fees without sacrificing on security

Unreal demand? Irregular sales worth billions fire up wild NFT market

The top 27 most expensive recorded sales across the whole NFT industry in January, totalling $1.3 billion, came from just two wallets transacting on LooksRare

India's official digital currency to debut by early 2023, says report

Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a central bank-backed 'digital rupee' soon.

Bitcoin mimics stocks rally, hits two-week high

The world's largest cryptocurrency hit $41,983, taking gains from Thursday's lows to nearly 16%, and marking a 27% rise from the year's low of $32,950.72 on Jan. 24

It's clear a country can't regulate crypto on its own, says Sanjeev Sanyal

'There are a lot of claims about how important the sector is, but nobody really knows. So it's only when we begin to tax it will we get the scale of it', he said

Confusion in the crypto universe: Budget leaves many unanswered questions

Budget announcements on taxing digital assets and creating a digital rupee involve complex issues that need to be addressed first

Clear starts crypto tracking, tax management for retail investors, firms

Move to help the users track their crypto portfolios across wallets and exchanges, and manage taxes on their transactions

Bitcoin, Ether advance as Amazon share surge buoys tech stocks

Bitcoin rose as much as 3.4% to $38,221, while Ether rallied as much as 7.1% to $2,850.