All crypto prices crashed by 15 per cent and more, hours after the government announced that it will introduce the cryptocurrency bill in the Parliament’s winter session, which seeks to prohibit all private cryptocurrencies in the country, with a few exceptions.Also, the government will introduce the Banking Laws (Amendment) Bill 2021 – which aims to privatise two public … Read more
Top private banks are reaching out to customers who invest in cryptocurrencies and informing them about the risks associated with the asset class, even as the government is working on legislation to regulate digital currencies. In the past two-three weeks, HDFC Bank, Axis and ICICI Bank have sent emails highlighting the risks to customers who … Read more
When it comes to decimal places, cryptocurrencies are treading into bizarre territory that other markets have never dared — or bothered, really — to go before. Shiba Inu cost just $0.00004893 or so each on Friday afternoon, while Dogecoin fetched less than 1 cent early this year. A Bitcoin can be sliced into a satoshi, … Read more
The stadium that is home to the Los Angeles Lakers is getting a new name: the Crypto.com Arena. The name reflects the arena’s new sponsorship agreement with a Singapore-based cryptocurrency trading platform. That may be good news for cryptocurrency fanatics – but perhaps not so much for another faction within the digital landscape: cryptographers.Look up … Read more
Crypto.com, a cryptocurrency trading platform, secured a 20-year contract deal worth $700 million with the Anschutz Entertainment Group (AEG) to buy the naming rights to the Staples Center in Los Angeles, home to the Los Angeles Lakers.The name change will take effect on Christmas Day, when the Lakers host the Brooklyn Nets.After the deal was … Read more
“I wholeheartedly welcome all the criticism as well as the good things because that is how we will build the right regulation in India, says Nischal Shetty,” Founder & CEO, WazirX. Cryptos are at all time highs and very volatile. At this juncture, if anyone owns a piece of the action, should one HODL (hold … Read more
New York City Mayor-elect Eric Adams said he wants to explore ways that might allow New Yorkers to be paid directly in Bitcoin and other cryptocurrencies, as he seeks to turn the city into a hub for innovation. Speaking to reporters in Puerto Rico, where he is attending the Somos Puerto Rico Conference, an annual … Read more
Bitcoin has come a long way since someone or a group of someones under the name Satoshi Nakamoto wrote a paper in 2008 about how to harness computing power around the world to create a digital currency that can’t be double-spent.Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the … Read more