Page 10 - Digital Currency

Crypto not currency; needs to be regulated as asset: ex-RBI DG Gandhi

He expressed apprehension that there is a possibility of using this virtual asset for criminal activity in absence of regulation and there are numerous instances indicating that.

Bitcoin breaks back above $50,000 as crypto market continues to rally

The largest cryptocurrency rose as high as $50,363 on Monday, having briefly surpassed $50,000 on Aug. 23 as well -- a level it hadn't hit since mid-May

China's digital yuan gives banks an edge in payments, says Moody's

The effort to develop a digital yuan "reflects the authorities' concerns about data concentration among technology companies", the Moody's analysts said

Crypto platform Poly Network rewards hacker with $500,000 'bug bounty'

Poly Network is a decentralized finance (DeFi) platform that facilitates peer-to-peer transactions with a focus on allowing users to transfer or swap tokens across different blockchains.

Over half of crypto tokens stolen in $610 mn hack now returned: Report

Poly Network, which allows users to transfer or swap tokens across different blockchains, said on Tuesday it had been hit by the cyberheists, urging the culprits to return the stolen funds.

The many ways in which e-RUPI could alter the country's economic landscape

e-RUPI: The mechanism could eliminate dual pricing and target the black economy, while taking the nation one step forward towards establishing its own digital currency

BS Number Wise: Throttling innovation due to speculation may harm Bitcoin

Bitcoin is easily influenced by governments and whims and wishes of famous personalities and companies

Will take all measures to eliminate use of crypto-assets, says govt

The government on Tuesday said it will take all measures to eliminate the use crypto-assets in funding illegitimate activities or as part of the payment system

Everything you want to know about CBDC

The central bank digital currency will neither substitute nor compete with cryptocurrency; it's just a wallet. Period

RBI's model on India's digital currency could come out by 2021-end

In an interview with Business Standard, RBI governor, Shaktikanta Das, had said that CBDC is something that has implications on monetary and overall savings

Top headlines: Tesla's India plan dealt blow, Tata Motors gets debt problem

Business Standard brings you the top headlines on Tuesday

Bitcoin falls below $37,000 after Amazon's denial; Ether, Litecoin tumble

More than $950 million of crypto shorts were liquidated on Monday

Bitcoin leaps 12% to test recent peaks, ether hits 3-week high

Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week

E-com giant Amazon may soon allow digital currency as payment mode

Amazon may allow users to pay in cryptocurrencies like Bitcoin soon as the e-commerce giant is hiring a digital currency and blockchain product lead for its payments team.

Currency creation

RBI should be careful in launching a digital currency

Best of BS Opinion: Targeting taxpayers, Bharat Ratna for Dr Kurien & more

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

RBI to introduce Central Bank Digital Currency in phases: deputy governor

The RBI has been exploring the pros and cons of the introduction of CBDCs since quite some time, deputy governor T Rabi Sankar said

RBI eyeing 'phased introduction' of digital currency: Deputy Governor

RBI is working on a phased implementation strategy for its own digital currency and is in process of launching it in wholesale, retail segments, RBI Deputy Governor T Rabi Sankar said on Thursday.

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

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