Crypto whales are investors holding $1 million or more in cryptocurrency. Overall, 4,068 criminal whales holding over $25 billion worth of cryptocurrencywere identified. Crypto criminals or criminal entities and individuals holding cryptocurrencies are now among the biggest crypto holders globally. In fact, these crypto criminals accounted for 3.7 per cent of all crypto whales in … Read more
For the past 12 years Anthony Welch and his partner Theresa have been living a Robinson Crusoe life alone on a South Pacific island mostly untouched by humanity.Welch, a retired British property investor, hopes the tranquility will soon be shattered by 21,000 cryptocurrency investors he is trying to convince to move to his island and … Read more
When FC Barcelona took to the pitch for the 2021 Spanish Super Cup final, the trophy wasn’t the only prize at stake.Thousands of blaugrana fans were also keeping an eye on the market for FCB’s “fan token”, the club’s very own cryptocurrency. Socios, the web-based platform that pioneered fan tokens, had promised to “burn” 20,000 … Read more
NEW DELHI: The cryptocurrency bill may not be introduced in the Budget session of Parliament as the Centre needs more time to build consensus on the regulatory framework for these digital assets in India. The government is reportedly also waiting for the Reserve Bank of India to first conduct a pilot launch of its own … Read more
Russian c.bank proposes ban on cryptocurrency useRegulator warns of risks to financial stabilityAnalysts say wider impact negligible for nowBan on cryptocurrency exchanges also proposedMOSCOW, Jan 20 (Reuters) – Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy … Read more
Widely mocked plans to establish a tropical haven for cryptocurrency enthusiasts have run into trouble after a contract to buy an island in Fiji for US$12m fell through.A group of crypto-evangelists, led by Max Olivier and Helena Lopez, outlined plans for the island, Nananu-i-cake, in a lavishly animated YouTube video, featuring a wide-eyed crypto bro … Read more
Cryptocurrency firms bombarded Londoners with a record number of adverts on public transport during 2021, fuelling calls for a ban to prevent people being lured into risky investments.The surge in adverts for crypto assets, which are unregulated in the UK, has prompted concerns about the risk of addiction and financial harm, particularly given the wild … Read more
After El Salvador made Bitcoin a legal tender in September last year, the crypto culture witnessed expansion in several parts of the world. However, the crypto sector could likely encounter obstacles in Pakistan. The central bank of Pakistan is reportedly considering a ban on all cryptocurrencies from operating in the country. As per Chainalysis’ Global … Read more
Mumbai: Indian cryptocurrency exchanges seem to have taken a shine to Non-Fungible Tokens (NFTs). At least half a dozen crypto platforms are foraying into the NFT space, assuming that it would not be outlawed as NFTs hold an underlying asset that is traded in digital form. In fact, cryptocurrency exchanges that offer NFTs have grown … Read more
Entering into the third week of December, the crypto price charts failed to register ay major recovery in terms of price. Bitcoin stepped into Monday, December 20 trading at $49,291 (roughly Rs. 37.5 lakh), showing a loss of 2.05 percent on Indian exchange CoinSwitch Kuber. At this time, the price of Bitcoin is even lower … Read more
In January of 2019, Chase Lochmiller and Cully Cavness, recently reunited prep school pals from Denver, drove out to the snow-covered plains of Wyoming to bring a piece of tech culture to the American heartland. Trembling in -20F (-29C) temperatures, they wired up a prototype of their brainchild: a machine that harnesses the “waste gas” … Read more
Singapore’s financial regulator has reportedly suspended Bitget, a crypto exchange that is mired in a row involving South Korea’s biggest boyband, BTS.Bitget has removed the Monetary Authority of Singapore’s logo from its website, the Guardian confirmed. The platform still claims to have licences from Australia, Canada and the United States, according to its website.According to … Read more
NEW DELHI: Chief Economic Adviser (CEA) KV Subramanian says a distinction needs to be made between crypto as an asset and crypto as a currency. Across time, only currencies issued by sovereigns have got legitimacy. What provides currency a credence is the fact that it is backed by a sovereign, he said in an interview … Read more
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