Page 39 - Cryptocurrency
TMS, Ep 40: Back to office, crypto ban, Nykaa, IPO, and circuit filters
What are the challenges facing IT firms as employees return to office? Is crypto too mainstream in India to be banned? Is it right time to partially book profit in Nykaa IPO? Get all the answers here
 "TMS, Ep 40: Back to office, crypto ban, Nykaa, IPO, and circuit filters")
Coinbase slumps after reporting lower-than-forecast revenue of $1.24 bn
Coinbase, which blamed market turbulence and lower coin prices during the early portion of the third quarter, posted revenue of $1.24 billion
 "Coinbase slumps after reporting lower-than-forecast revenue of $1.24 bn")
TMS, Ep 39: GST on cryptos, D2C rush, investing in IPOs, and ELSS schemes
How is the tax dept planning to tap cryptocurrencies and NFTs? What are pros and cons of investing in equity-linked savings schemes? How is D2C different from traditional business? All answers here
 "TMS, Ep 39: GST on cryptos, D2C rush, investing in IPOs, and ELSS schemes")
Digital currencies likely to be legal tender, say Central banks
Ensuring CBDCs are legally recognised as a form of payment alongside banknotes and coins could give the new form of money an edge over other types of electronic payments
 "Digital currencies likely to be legal tender, say Central banks")
Top headlines: Paytm IPO subscribed 48% on Day 2; M&M Q2 net surges 8-fold
Business Standard brings you the top stories from today
 "Top headlines: Paytm IPO subscribed 48% on Day 2; M&M Q2 net surges 8-fold")
Cryptocurrency market cap hits $3 trn mark for 1st time, Bitcoin on fire
Bitcoin and Ether created a new all-time high of $68,641.57 and $4,857.25 on Tuesday
 "Cryptocurrency market cap hits $3 trn mark for 1st time, Bitcoin on fire")
Bitcoin breaks past $68,000, ether nears $5,000 as flows surge in crypto
Bitcoin and ether made record peaks in Asia trade on Tuesday, with enthusiasm for cryptocurrency adoption and worry about inflation driving momentum and flows into the asset class.
 "Bitcoin breaks past $68,000, ether nears $5,000 as flows surge in crypto")
Top headlines: India to tax blockchain system, UK recognises Covaxin
Future Retail goes to the Supreme Court in the latest round of its fight with Amazon. More on that story in Business Standard's top headlines at this hour.
 "Top headlines: India to tax blockchain system, UK recognises Covaxin")
Rs 100-crore money laundering racket via crypto scheme busted
The kingpin of the racket is absconding, police said
 "Rs 100-crore money laundering racket via crypto scheme busted")
Crypto rally lifts ether to new record, bitcoin to near 3-week high
Bitcoin rose to a two-and-a-half-week peak and ether climbed to a fresh record
Big B's exclusive NFT collection auctioned at $966K on fourth day
As more and more Bollywood celebrities continue to join the non-fungible token (NFT) bandwagon, megastar Amitabh Bachchan sold his collection of NFTs for a whopping $966,000 on the fourth day
 "Big B's exclusive NFT collection auctioned at $966K on fourth day")
Paytm may consider Bitcoin offerings if India legalises crypto: Report
Paytm would consider Bitcoin offerings if Indian authorities removed regulatory uncertainty surrounding the adoption of cryptocurrencies.
Chris Wood hikes exposure to crypto currency; sells gold for Bitcoin
Wood believes Bitcoin is a competitor to the yellow metal as a store of value and it is one with a built-in quantitative tightening dynamic due to the halving process roughly every four years
 "Chris Wood hikes exposure to crypto currency; sells gold for Bitcoin")
Chingari's crypto token raises $40mn within 24 hours of its live sale
Recently, the firm completed a funding round of over $19 million from more than 30 venture funds and individual investors
 "Chingari's crypto token raises $40mn within 24 hours of its live sale")
Ether scales $4,600 to hit record high amid wider blockchain adoption
Bitcoin (BTC) was trading around $63,078 and is up about 117% this year, while ether is up six-fold
 "Ether scales $4,600 to hit record high amid wider blockchain adoption")
India is by far the fastest-growing crypto mkt: Vincent Lau, Huobi Global
Our active crypto traders in India nearly quadrupled in the September quarter, says VINCENT LAU, Managing Director of International Operations at Huobi Global
 "India is by far the fastest-growing crypto mkt: Vincent Lau, Huobi Global")
Indian crypto and blockchain startups are reimagining how the web works
Regulatory nervousness could slightly ease on the face of SaaS, gaming, social media applications based on crypto
Singapore has grand ambitions to become a global cryptocurrency hub
Singapore aiming to become a key player for cryptocurrency-related businesses as financial centers around the world grapple with approaches to handle one of the fastest growing areas of finance.
 "Singapore has grand ambitions to become a global cryptocurrency hub")
Why I don't advise clients on cryptos
The RBI had banned banks from holding or facilitating cryptocurrency transactions, but the Supreme Court set aside that circular
Meme-teoric: 'Shiba inu' tokens gain 87,000,000% in a year
Bitcoin, the biggest cryptocurrency with a market cap of $1.2 trillion, was up a little over 4 per cent on Thursday, but below the record high it hit last week
 "Meme-teoric: 'Shiba inu' tokens gain 87,000,000% in a year")
