Page 6 - Cryptocurrencies

Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts

For Ethereum, which is scheduled to go for 'The Merge' on September 6, will likely break out of the $2,000 level before the event, experts suggest

Bitcoin drops most in two months as global markets turn risk off

Bitcoin, the largest virtual coin by market capitalization, tumbled as much as 9.2% to $21,271, the biggest intraday drop since June 18

WazirX controversy bares crypto's vault of trade secrets in India

The ED found that large amounts of funds were diverted by the fintech companies to buy crypto assets and then launder them abroad

Cryptocurrencies' rally cools as Ethereum upgrade optimism loses steam

Matt Maley, chief market strategist at Miller Tabak & Co, said that the pullback was natural, as investors took 'some chips off the table'

Bitcoin tops $25,000 for first time since June amid crypto rally

Crypto struggled through the first half of the year as the Federal Reserve hiked rates to combat stubbornly high inflation, with the prices of Bitcoin, Ether and other tokens falling by more than 50%

ED attaches Rs 370 cr deposits, including crypto assets of a Bengaluru firm

The federal agency froze the funds after it raided the premises of the company, Yellow Tune Technologies Pvt. Ltd, located in Karnataka's capital city over three days, starting August 8.

Crypto wrap: Market participants coming out of bear phase, experts suggest

In the last seven days, Bitcoin rose nearly 3 per cent, and Ethereum gained 13 per cent. The total crypto market cap rose from $1.03 trillion to $1.1 trillion

Trading on crypto exchange WazirX drops by over 55%, WRX token loses sheen

Homegrown cryptocurrency exchange WazirX has witnessed a sharp 50 per cent drop in trading on its platform, while its WRX crypto token nosedived from Rs 23 per coin earlier this month to Rs 17.

Singapore-based crypto lender Hodlnaut freezes withdrawals, deposits

Cryptocurrency lender Hodlnaut has announced to freeze withdrawals, token swaps and deposits amid the harsh crypto winter.

Crypto mixer Tornado's accounts disabled after US sanctions: Report

Tornado Cash allowed users to obfuscate their crypto transactions; the Treasury alleged that North Korean hackers and other entities had relied on it to launder illicit gains totaling more than $7 bn

India team working on core aspects of crypto products: PayPal's Aoki

Company committed to rules and can 'ease the minds of regulators', says executive about Indian concerns on digital assets

Crypto wrap: RBI MPC unlikely to impact global crypto prices, say experts

The Reserve Bank of India (RBI), on Friday, hiked the repo rate by 50 basis points for the second consecutive time to 5.4 per cent

Coinbase's BlackRock pact reinforces crypto status, burns shorts

For Coinbase investors, the news is a much-needed signal that its status as a giant in the crypto sector remains rock solid

Crypto takes a new hit as thousands of Solana wallets hacked

In yet another major cryptocurrency hack, the popular blockchain Solana on Wednesday reported that an unknown bad actor has drained funds from 7,767 wallets on the Solana Network

India needs to have progressive regulation for crypto assets: Experts

Blockchain technology is needed and can be used in governance, they say

Govt's cryptocurrency stance: Heads I win, tails investors lose

The government has laid out clear rules on taxation of cryptocurrencies but has not said anything on what happens in cases of fraud

Crypto markets rebound but assets future in India uncertain: Experts

From April 1, a 30 per cent tax was applied on income from the sale of cryptocurrency. From July 1, an additional 1 per cent tax was applied in the form of tax deducted at source (TDS)

Bitcoin rallies to trade above $22,000; Ether, Avalanche advance

June's crypto wipeout has given way to a sharp rebound, with Ether up 47% this month and Polygon more than doubling

Dutch central bank fines Binance for offering services without permissions

The fine was issued against Binance Holdings Ltd. in April 2022, following a public warning issued against Binance in August 2021, DNB said

Crypto m-cap tops $1 trillion; Bitcoin breaches $22,000-mark after a month

Bitcoin, the largest cryptocurrency by market cap, regained the $22,000 level and was trading at $22,241.17, over 4 per cent higher than the last close