Bitcoin Crash Leaves El Salvador With No Easy Exit: Report

El Salvador’s big bet on Bitcoin, which the Central American nation has been buying since September, has soured in recent weeks as a cryptocurrency rout shaved over a third of the value of the government’s holdings, Reuters calculations show. Under populist President Nayib Bukele, a vocal cheerleader for the currency, El Salvador went all-in on […]

India’s First Fully Curated NFT Marketplace To Be Launched By Jupiter Meta

Jupiter Meta launches India’s first fully curated Non-Fungible Token marketplace New Delhi: Jupiter Meta launches India’s first fully curated Non-Fungible Token (NFT) marketplace, taking it live on February 23.  The digital marketplace, or the metaverse, will focus on music, film, and gaming, creating singular experiences for each user and enabling everyone to maximise their time […]

Hong Kong Regulator Canvasses Views on Rules for Crypto Assets

Hong Kong’s de facto central bank invited comment on Wednesday about ways to regulate crypto assets and stablecoins, with the aim of adopting a regulatory framework by 2024 in which the policy spectrum could range from no action to a blanket ban. The rapid growth of cryptocurrencies and, in particular, stablecoins, or digital assets pegged […]

Bitcoin Price Highest in Nearly Two Weeks

Bitcoin rose on Friday to its highest level since around mid-September, bolstered in part by seasonal factors as well as supportive comments overall from US Federal Reserve Chairman Jerome Powell on Thursday. In testimony to Congress, Powell said the Fed had no intention of banning cryptocurrencies, in response to a question from House Representative Ted Budd. […]

Crypto Exchange Binance Recruits US Crime Expert To Report On Money Laundering

Britain, Italy and Hong Kong have said Binance units can’t carry out activity in their markets Binance said on Wednesday it had appointed a former U.S. Treasury criminal investigator as its global money laundering reporting officer, part of an attempt by one of the world’s largest crypto exchanges to reinvent itself as a regulated financial […]

Robinhood Adopts Meme Stocks Mantle and Their Violent Swings

Robinhood Markets has officially become a meme stock, and this week’s wild ride could be just the beginning if legions of amateur investors pull money from their old favourites to buy more shares while insiders are dumping them. The trading app that helped fuel the memeification of the stock market soared and tumbled this week […]

Mark Cuban Says ‘Got Hit’ as Titan Token Price Crashes From $64.04 to Zero

Mark Cuban, the billionaire cryptocurrency backer and owner of the NBA team Dallas Mavericks, is also feeling the heat of the recent crypto market crash. He said he “got hit like everyone else” as he had invested in Iron Finance’s Titan token, based on DeFi protocol, that crashed from about $64.04 (roughly Rs. 4,736) to near […]

Bitcoin Crosses $60,000 for First Time

Bitcoin briefly rose above $60,000 (roughly Rs. 43.7 lakhs) for the first time on Saturday, as increasing backing from corporate heavyweights helps the world’s most popular virtual currency continue its record-breaking run. The cryptocurrency hit an all-time high of $60,012 at 1149 GMT, according to the website CoinMarketCap. Bitcoin has been on a meteoric rise […]

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