Page 37 - Cryptocurrency

US dollar holds its ground as selloff drags down Aussie, Bitcoin

By Iain Withers

Crypto.com loses $35 million in hack involving 483 users on its platform

Leading cryptocurrency platform Crypto.com has finally admitted that 483 users on its platform lost almost $34 mn in various digital coins owing to a compromise in two-factor (2FA) authentication.

Amid risk aversion in equities, Bitcoin plunges to lowest level since Aug

The largest cryptocurrency dropped as much as 7.4% to $38,261, while second-ranked Ether slid below $3,000.

Crypto platform Stader Labs raises $12.5 mn on $450 mn valuation

The sale was led by Three Arrows Capital with participation from Blockchain.com, Accomplice, and a clutch of other institutional and angel investors

Matt Damon-endorsed Crypto.com admits 400 user accounts hit in hack

The CEO of cryptocurrency exchange crypto.com, a cryptocurrency platform endorsed by famous Hollywood actor Matt Damon, has confirmed that hundreds of user accounts were hacked and their funds stolen.

UK govt cracks down on misleading cryptocurrency ads to protect consumers

The UK government on Tuesday joined a slew of nations in cracking down on misleading cryptocurrency ads to protect consumers.

Spain joins India, Singapore to reign in crypto ads promising wild returns

Spain has now joined countries like Singapore and India, stressing that the advertising of crypto-assets must be clear, balanced, fair and explain risks to the public.

Dollar fails to catch a lift from higher yields, Bank of Japan in focus

The yen edged higher ahead of the outcome of a central bank policy meeting, while the dollar seemingly ignored US Treasury yields

Synchronised global regulation of crypto needed: PM Modi at WEF

Modi said that steps taken by one country to regulate cryptocurrencies may not be sufficient, given the kind of technology involved

Bitcoin options shift has some bulls calling $40,000 the bottom

The world's largest cryptocurrency rebounded this week after falling below $40,000 for the first time since September on Monday

Budget 2022: Govt could consider levying TDS/TCS on crypto trading

The government could consider in the upcoming Budget levying TDS/TCS on sale and purchase of cryptocurrencies above a certain threshold

Bitcoin's rising correlation with tech weighs on hedge appeal

The world's largest digital token was up 0.6% to $43,080 on Friday as of 3:46 p.m. New York-time.

India's first crypto ETF to be launched by ex RCap CEO's blockchain firm

Aims $1 billion in assets under management by two years; will track large cap metaverse stocks too

Pak central bank panel recommends complete ban on cryptocurrency

A panel of Pakistan's central bank has recommended a complete ban on cryptocurrency and other related activities in the country

Coinbase buys futures exchange FairX for crypto derivatives push in US

Already registered with US regulators, the firm could give Coinbase the edge it needs in getting a derivatives marketplace up and running.

Crypto prices moving in sync with stocks, posing systemic risks

Crypto assets such as Bitcoin have matured from an obscure asset class with few users to an integral part of the digital asset revolution, raising financial stability concerns

Softbank-backed Brazilian crypto firm acquires Portuguese exchange

The Brazilian firm, valued at roughly $2.2 billion, declined to disclose the terms of the acquisition, but said the transaction is pending approval with Banco de Portugal, the nation's central bank.

Digital cash can prevent accidents on the $19 trillion FX highway

CLS is good at preventing mishaps in the foreign-exchange market. The trouble is, it handles only 18 major currencies

Cryptocurrencies post record outflows in first week of 2022: Report

Cryptocurrency investment products and funds had net outflows last week totaling a record $207 million, a report said

Victims of $200 mn BitMart cryptocurrency hack still waiting for refunds

Victims of a $200 million hack of popular cryptocurrency exchange BitMart are still waiting for their money even after over a month since the exchange was hacked.