Page 23 - Cryptocurrency

Crypto prices slip after Bitcoin's most volatile week in two years

Analysts say Bitcoin's $30,000 threshold will become 'a major resistance' if prices continue to consolidate below that mark over the next few days

Cryptocurrencies stabilise, bitcoin rallies after stablecoin collapse

Crypto assets have been swept up in broad selling of risky investments on worries about high inflation and rising interest rates.

Equities, cryptos, metals: Most asset classes gave negative return in 2022

These negative returns have largely been triggered by panic selling by new investors who exited in droves in the backdrop of rising interest rates, inflation worries and the geopolitical tensions

Crypto collapse intensifies as stablecoin Tether slides below dollar peg

The sell-off has taken the combined market value of all cryptocurrencies to $1.2 trillion, less than half of where it was last November, based on data from CoinMarketCap

Crypto meltdown deepens as stablecoin Tether drops below dollar peg

HONG KONG / LONDON (Reuters) -The meltdown in TerraUSD, one of the world's largest stablecoins, sent shockwaves through cryptocurrency markets on Thursday, pushing another stablecoin Tether below its dollar peg and sending bitcoin to 16-month lows.

Crypto billionaires' vast fortunes destroyed in weeks amid global sell-off

Billionaire crypto fortunes that swelled over the last two years are disappearing after a selloff that began with tech stocks spilled over into digital money

Coinbase admits RBI's use of informal pressure prompted halting of trade

The comments by Coinbase's Armstrong bring forth the challenges that the crypto industry is facing

Coinbase new disclosure does not mean crypto firm risks bankruptcy: CEO

Coinbase would take further steps to ensure it offered protection for its retail customers, says Brian Armstrong.

Crypto industry urges govt to lower TDS on gains from crypto trading

The crypto industry has urged the government to reduce the TDS on payments towards gains arising from trading in cryptocurrencies to 0.01 or 0.05 per cent, from the proposed 1 per cent

Stablecoin Terra's broken dollar peg hits wider cryptocurrency markets

TerraUSD, the world's fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin's tumble below $30,000 for the first time

Bitcoin value drops by 50% since Nov peak; Ethereum falls 10% in a week

The slide in the value of digital assets comes as stock markets around the world also dropped in recent days

High taxes on crypto will disincentivise compliance

Taxes are best-placed to meet their objective if they incentivise compliance

Cryptocurrencies in free fall after biggest Fed rate hike in two decades

On Sunday, Bitcoin was hovering around $34,400 and ethereum, which is the second largest cryptocurrency, plunged 4.8 per cent to $2,545.

FM Sitharaman flags anonymity as 'inherent risk' in use of blockchain

Finance Minister Nirmala Sitharaman flagged anonymity as an "inherent risk" in blockchain technology and called for taking precaution in future with a rise in the use of this technology

US chipmaker Nvidia fined $5.5 mn over crypto mining disclosures in US

US SEC's order claims Nvidia misled investors by reporting a huge boost in revenue related to "gaming", hiding how much its success relied on the far more volatile crypto market, reports The Verge

Take a cautious approach in launching a digital currency, says report

Developing it could have some hazards, including those to institutions, end-users, and reputation of the central bank, says NCAER working paper

US doubles down on efforts to fight rising cryptocurrency frauds

Cryptocurrency scammers netted $7.7 billion worth of cryptocurrency from victims in 2021, an 81 per cent rise in losses compared to last year.

Now, Central African Republic says Bitcoin is its official currency

The country is following the lead of El Salvador, which in September became the first nation to introduce Bitcoin as legal tender

India will adopt a considered view on crypto: FM Nirmala Sitharaman

The decision on crypto will not be rushed through, she said in an interaction at Stanford University.

Payment gateways avoid powering crypto exchanges given RBI reservations

Recently, NPCI had clarified that it is not aware of any crypto exchanges using UPI after Coinbase, America's largest crypto exchange said it has tied up with UPI