Amitabh Bachchan to Dinesh Karthik: Celebrities Jump on the NFT Wagon

Indian celebrities from the world of Bollywood and cricket are increasingly launching digital memorabilia through non-fungible tokens (NFT), hoping to rake in thousands of dollars by cashing in on growing interest in such assets. NFTs are a type of digital asset which use blockchain to record the ownership of items such as images, videos, and […]

Bitcoin Falls Slightly a Day After Marking All-Time High

Bitcoin fell slightly in Asian hours on Thursday, a day after marking an all-time high on optimism around the launch of the first US Bitcoin futures ETF. The world’s largest cryptocurrency was last down 1.3 percent at $65,184 (roughly Rs. 48.8 lakhs) after hitting a record $67,016 (roughly Rs. 50 lakhs) on Wednesday, but still above a […]

Facebook Cannot Be Trusted to Manage Cryptocurrency: US Lawmakers

A group of US lawmakers said Facebook cannot be trusted to manage cryptocurrency and urged the social media platform to discontinue immediately a small pilot of its cryptocurrency wallet named Novi, which was launched on Tuesday. US Democratic senators Brian Schatz, Sherrod Brown, Richard Blumenthal, Elizabeth Warren, and Tina Smith voiced their opposition to Facebook’s two-year-old effort […]

Bitcoin ETF Debuts on New York Stock Exchange

Bitcoin took another step closer to mainstream investing Tuesday with the launch of a new security on Wall Street tied to futures of the cryptocurrency. To mark the occasion, ProShares, leader in exchange-traded funds, a type of investment linked to an index, rang the opening bell of the New York Stock Exchange on Tuesday. The […]

US Becomes Largest Bitcoin Mining Centre After China Crackdown

The United States has overtaken China to account for the largest share of the world’s Bitcoin mining, data published on Wednesday by Britain’s Cambridge Centre for Alternative Finance showed. The figures demonstrate the impact of a crackdown on Bitcoin trading and mining launched by China’s State Council, or cabinet, in late May, which devastated the […]

NFT Sales Surge to $10.7 Billion in Q3 as Crypto Asset Frenzy Hits New Highs

NFT sales volume surged to $10.7 billion (roughly Rs. 79,820 crores) in the third quarter of 2021, up more than eightfold from the previous quarter, according to data from market tracker DappRadar, as the frenzy for crypto assets reached new highs. NFTs use blockchain to record the ownership of digital items such as images, videos, […]

Cryptocurrency Promoter Pleads Guilty to Advising North Korea Evade Sanctions

A prominent American cryptocurrency promoter and former hacker has pleaded guilty to advising North Korea on using virtual money to avoid international controls, a New York court said Monday. Virgil Griffith, who is based in Singapore, launched projects in 2018 to provide services to individuals in North Korea by developing and financing cryptocurrency structures, including […]

Cryptocurrencies Register Sixth Straight Week of Inflows, Led by Bitcoin

Cryptocurrency investment products and funds posted inflows for a sixth consecutive week, as investors viewed recent regulatory challenges in the sector as buying opportunities, data from digital asset manager CoinShares showed on Monday. Inflows to the sector hit $95 million (roughly Rs. 700 crores) last week, led by investments in Bitcoin of $50.2 million (roughly […]

Chile’s Central Bank to Decide on Rollout of Digital Currency in 2022

Chile’s central bank will decide in early 2022 on a strategy for the potential roll-out of its own digital currency, the bank’s president said on Monday, as policymakers worldwide seek to keep pace with fast-spreading cryptocurrencies. Regulators globally are cracking down on digital coins, alarmed at a rapidly expanding market that exceeded a record $2 […]

Cryptocurrency Transactions Deemed Illegal by China’s Central Bank

China’s central bank on Friday said all financial transactions involving cryptocurrencies are illegal, sounding the death knell for the digital trade in China after a crackdown on the volatile currencies. The global values of cryptocurrencies including Bitcoin have massively fluctuated over the past year partly due to Chinese regulations, which have sought to prevent speculation […]

This site uses cookies to offer you a better browsing experience. By browsing this website, you agree to our use of cookies.