Page 62 - Cryptocurrency

Scammers impersonating Elon Musk steal more than $2 mn in cryptocurrency

Over the last six months, consumers have lost over $2 million in cryptocurrency to scammers impersonating Tesla and SpaceX CEO Elon Musk, according to the Federal Trade Commission (FTC)

Elon Musk fuels Bitcoin volatility by saying Tesla hasn't sold stake

The drama started on Sunday after Musk sent a tweet that raised questions about whether Tesla might have already sold its stake

Digital cash could make inflation worse if central banks aren't cautious

Central banks in China and Sweden have fairly advanced plans to introduce currencies in electronic form for retail use.

Hackers stealing money via 167 fake trading, crypto apps on Android, iOS

Researchers have identified 167 counterfeit Android and iOS apps being used by hackers to steal money from people who believe they have installed a financial trading, banking or cryptocurrency app

Bitcoin hits three-month low as Elon Musk drives investors to exit

Musk has boosted crypto markets with his enthusiasm for the asset class, but has lately roiled trade by appearing to cool on bitcoin in favour of its one-time parody, dogecoin

Crypto exchanges draw attention of regulators over brand promotions

According to regulatory sources, the brand promotion could mislead retail investors as the legality of cryptocurrency itself is under the scrutiny of the central government

Dramatic re-rating of the US at expense of other markets: Cameron Brandt

The jump in new Covid cases in India is spooking foreign institutional investors, says Brandt

Colonial Pipeline paid hackers $5 million in ransom, says official

The company paid the hefty ransom in difficult-to-trace cryptocurrency within hours after the attack

Dogecoin surges on Elon Musk tweet as crypto rollercoaster continues

Bitcoin fluctuated on Friday, and was trading at around $50,500 as of 6 am in New York

How to use 50 trillion Shiba Inu in Covid-hit, crypto-wary India

Prices of Shiba Inu have recovered about 25% in the past 24 hours, according to CoinGecko.com.

How murky legal rules allow Tesla's Elon Musk to keep moving markets

While consumer advocates said Musk was hurting investors and making a mockery of the public markets, it was unclear that he was breaking any rules simply by wielding his influence

World stocks mixed after Wall Street rebound led by tech, financial firms

World shares were mostly higher on Friday after a broad rally led by tech and financial companies snapped a three-day losing streak on Wall Street.

Roaring crypto cacophony drowns out rest of Wall Street in a wild week

Dogecoin wasn't the only canine-themed coin to take a tumble.

RBI tells lenders to reconsider ties with crypto exchanges, traders

The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them, which would be among the most sweeping crackdowns on the new investing fad in the world

Elon Musk sends bitcoin tumbling with stunning reversal over payments

Bitcoin, the world's biggest digital currency, fell more than 7 per cent after the tweet and was trading at $52,669

Top headlines: Delhi's positivity rate at 1-month low; Bitcoin below $50k

Business Standard brings you stories that made the headlines on Thursday

Musk decries bitcoin's 'insane' energy use after Tesla payment U-turn

Musk denounces amount of energy used to produce bitcoin; however, Tesla will retain bitcoin holdings

Bitcoin recoups some losses in Asian trade after Musk-triggered tumble

The price of the world's largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two hours following the tweet

Ethereum founder donates $1.14bn in cryptocurrency to Covid-hit India

Vitalik Buterin, the Russia-based co-founder of the world's second largest cryptocurrency Ethereum, has donated 500 coins and over 50 trillion SHIB meme coin worth around $1.14 billion to the India

Asia shares, bruised over US inflation scare, counting on calm Fed

Japan's Nikkei fell 2.0 per cent and touched its lowest since early January, while Chinese blue chips lost 0.9 per cent