Cryptocurrency
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Crypto prices take a dive: Market experiences significant pullback
Market | Jan 28, 2023, 09:55 AM ISTThe cryptocurrency market has seen a significant decline in prices in recent months, with the value of major coins such as Bitcoin and Ethereum dropping from their all-time highs. The current market conditions have led to a decrease in the value of many altcoins as well.
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Microsoft bans crypto mining to protect its cloud service customers
Technology | Dec 15, 2022, 08:29 PM ISTMicrosoft's Summary of Changes to the license states: "Updated Acceptable Use Policy to clarify that mining cryptocurrency is prohibited without prior Microsoft approval." Within the license itself, there was hardly any more info, say the reports.
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FTX Crash: Who is Nishad Singh, under scrutiny for crypto exchange bankruptcy
Business | Nov 14, 2022, 01:07 PM ISTFTX bankruptcy news: Beleaguered crypto exchange FTX recently admitted that "unauthorised transactions" have drained hundreds of millions of dollars from its wallets, saying the company has moved many digital assets to a new "cold wallet custodian".
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India to push for global regulation of crypto assets to check terror funding: FM Sitharaman
India | Nov 01, 2022, 11:40 PM ISTUnion Finance Minister Nirmala Sitharaman highlighted eight areas for consideration during India's G20 presidency, which will start on December 1. These topics included multilateral institution changes and food and energy security.
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Hackers steal over $100 mn from top crypto exchange Binance
Business | Oct 08, 2022, 11:55 AM ISTHackers have stolen nearly $568 million from the firm. Binance CEO Changpeng Zhao said in a tweet that the company estimates the impact of the breach to be between $100 million and $110 million.
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10 crypto exchanges under ED lens, summons issued
Business | Aug 11, 2022, 01:35 PM ISTED sources said the crypto exchanges didn't complete the KYC process of their investors. When the ED traced a few investors on the basis of their KYC, they reportedly turned out to be fake.
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RBI wants govt to prohibit cryptocurrencies: FM Sitharaman
Business | Jul 18, 2022, 04:10 PM ISTRBI had registered its concern over the adverse effect of cryptocurrencies on the Indian economy, the Finance Minister said.
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Beware of this new YouTube Scam: PennyWise, a new crypto-stealing malware on YouTube
Technology | Jul 07, 2022, 07:11 PM ISTThe new cryptocurrency malware has been tricking users to download software, which will steal the data from 30 crypto wallets of the user and browser extensions as well.
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Celsius sacks 150 employees as crypto meltdown deepens
Business | Jul 04, 2022, 03:45 PM ISTLast month, Celsius paused all withdrawals, Swap, and transfers between accounts citing 'extreme market conditions'.
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Cryptocurrencies are clear danger, says RBI Governor
Business | Jun 30, 2022, 06:22 PM ISTThe government is in the process of finalising a consultation paper on cryptocurrencies after gathering inputs from various stakeholders and institutions. Reserve Bank of India (RBI) has been flagging concerns about cryptocurrencies, which are seen as a highly speculative asset.
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KuCoin launches new awareness programme for crypto investors
Business | Jun 28, 2022, 05:29 PM ISTKuCoin said that the new awareness programme #ThinkBeforeYouInvest has been launched keeping in mind the needs of the new crypto investors.
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CoinDCX halts cryptocurrency withdrawals, CEO says 'crypto winter is here'
Business | Jun 24, 2022, 05:10 PM ISTCoinDCX said it is backed by global investors and assured investors that their funds are completely safe.
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Day after Elon Musk says he 'supports Dogecoin', cryptocurrency zooms 9%
Business | Jun 20, 2022, 08:45 PM ISTOn Monday, just a day after Musk's tweets, the cryptocurrency zoomed 9 per cent. For the past few months, the digital currency had lost over 80 per cent of its value from the all-time high that it reached in May 2021.
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Bitcoin falls below $18K, Ethereum down 80% in freezing crypto winter
Business | Jun 19, 2022, 10:35 AM ISTThe latest crypto crash is happening as investors are afraid of global macroeconomic conditions and the US Federal Reserve is trying to curb rising inflation.
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Bitcoin price prediction: Will the most popular cryptocurrency fall to $13,000? Experts speak
Business | Jun 16, 2022, 08:38 AM ISTBitcoin (BTC) Price Prediction: Bitcoin, the world's largest cryptocurrency by market cap, has slipped to $20,000.
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Cryptocurrency market cap under $1 trillion first time since January 2021; Bitcoin falls to $22,000
Business | Jun 14, 2022, 05:47 PM ISTCrypto market cap: The meltdown in the cryptocurrency market has erased tens of billions of dollars. The prices of Bitcoin and other crypto-assets have declined by 20 to 40% in the past seven days.
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Crypto markets crash: Bitcoin, Ethereum see massive dip in valuation - Here's why
Business | Jun 14, 2022, 08:31 AM ISTCrypto Crash News Update: The global cryptocurrency market cap slipped to $1.04 trillion from $3 trillion around six months ago, according to data on CoinMarketCap on Monday morning.
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Cryptocurrencies pose huge risks to financial stability: RBI Governor
Business | Jun 10, 2022, 09:05 PM ISTCryptos and other virtual digital assets are unregulated in India and are considered extremely risky.
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India finalising consultation paper on cryptocurrencies: Economic Affairs Secretary
Business | May 31, 2022, 03:47 PM ISTEconomic Affairs Secretary Ajay Seth said inputs from various stakeholders and institutions, including the World Bank and the IMF, have been incorporated in the consultation paper on cryptocurrencies.
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Cryptos can lead to dollarisation of economy: RBI officials to par panel
Business | May 15, 2022, 04:53 PM ISTDiscussing the impacts of cryptocurrency, the RBI officials said it will have a negative impact on the banking system as these being attractive assets people may invest their hard-earned savings in these currencies which may result in banks having lesser resources to lend.