Page 45 - Cryptocurrency

Bitcoin extends gain after retaking closely watched $30,000 mark

The largest digital currency rose as much as 3.4 per cent and was holding at about $30,800

Crypto firm FTX Trading's valuation rises to $18 bn after $900 mn funding

The latest funding comes as investor sentiment towards cryptocurrencies has somewhat soured after an initial euphoria earlier this year due to mounting regulatory concerns globally

Bitcoin slides below $30,000 level for the first time in a month

Some traders had viewed $30,000 as a key support that might open the way to more losses if breached

Most institutional investors expect to buy digital assets, study finds

Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study has found

Pakistan govt moves to bring cryptocurrency boom out of the dark

Pakistan has seen a boom in trading and mining cryptocurrency, with interest proliferating in thousands of views of related videos on social media and transactions on online exchanges

Japan beefs up diplomatic efforts on regulating digital currency: Report

Tokyo is playing catch-up in a global debate among financial regulators about setting stricter rules on private digital currencies

China cryptocurrency miners squeezed further as Anhui halts projects

Anhui plans to shut down all crypto mining projects within the next three years due to a power supply shortage

Written down: Accounting drill keeps bitcoins from getting wider acceptance

Accountants are fitting crypto into existing categories. As an intangible asset, Bitcoin's book value can go only one way: down.

Maintain some allocation to gold despite 14% correction from peak

You need it to provide a hedge against a possible third wave, or correction in equities

Cash is still king, for now: Diamond sale dims cryptocurrency hopes

A 101.38-carat diamond was sold by Sotheby's for HK$95.1 million ($12.3 million) to an unknown buyer using traditional currency, disappointing cryptocurrency fans

Explained: How cryptocurrency turbocharged the cybercrime racket

Cryptocurrency and the exchanges where digital currency can be traded anony­mously have emerged as key tools for the cyber extortionists

Best of BS Opinion: Gaps in tax reform, mapping recovery, and more

Here are the best of Business Standard's opinion pieces for Monday

To ban or not to ban cryptocurrency

As lobbying and counter-lobbying intensify, right now, it looks like a T20 match. We need to wait till the last over is bowled

An NFT of the World Wide Web source code sold for $5.4 million: Report

The code was sold by Tim Ber­ners-Lee, a computer scientist credited with writing the source code that forms the ba­s­is of the World Wide Web

Indian crypto exchanges flounder as banks cut ties after RBI frown

Indian cryptocurrency exchanges are scrambling to secure viable, permanent payment solutions to ensure seamless transactions

Sam Altman wants to scan your eyeball in exchange for cryptocurrency

Among the many parts of its plan, Worldcoin has designed an orb-shaped device that wo­uld scan a person's iris to build a unique personal identifier

Cryptocurrency-related cyberattacks increased by 192%, finds report

This is between October 2020 and May 2021

TP ICAP to launch crypto trading platform with Fidelity, Standard Chartered

TP ICAP is the world's biggest interdealer broker

After their love affair with gold, Indians train their sights on crypto

The growth in India is coming from the 18-35 year old cohort, says the co-founder of India's first cryptocurrency exchange

How should cryptocurrency be taxed in India? Here are some thoughts

Cryptocurrencies have generated a lot of interest for investors of all ages due to recent increase in value. It is estimated that roughly a crore Indians have invested in cryptocurrencies