A view shows Russian rouble coins in this illustration picture taken March 25, 2021. REUTERS/Maxim Shemetov/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterLONDON, Feb 28 (Reuters) – Trading volumes between the Russian rouble and the Tether cryptocurrency spiked sharply on Monday as the local currency tumbled to a record low on Western sanctions, data shared … Read more
Regulators hope to “bring the digital currency industry out of the shadows” The establishment of rules for crypto circulation “would minimize the threat to Russia’s financial system” The Russian government and the country’s central bank have reached an agreement to draft legislation or amend existing laws recognizing crypto as a form of currency, according to … Read more
advertisement Authorities in Russia are set to recognize digital assets as a form of currency, according to local news reports. Russian newspaper Kommersant reported this morning, and later tweeted, that the government and the Bank of Russia have reached an agreement on how to regulate cryptocurrencies. They are now preparing a draft law, expected by … Read more
The price of bitcoin has fallen from its November highs of nearly $70,000 to now around $35,000. On Saturday, bitcoin, the world’s largest cryptocurrency by market value, had fallen around 9 percent in just 24 hours. Since the start of the year, it has fallen around 23 percent. Meanwhile, Ethereum, the second largest cryptocurrency, fared … Read more
UBS said there are a number of challenges that could trigger a crypto winter.Marvin Recinos/Getty Images A growing number of factors suggest a “crypto winter” could be on its way, analysts at UBS have warned. The case for bitcoin as a currency and inflation hedge is dwindling, and its tech has several flaws, they said. … Read more
Political instability in Kazakhstan was front and center last week, as major cryptocurrencies like Bitcoin and Ethereum lost a significant portion of their value.Sources close to the situation say the sell-off was sparked by the central government’s decision to shut down the internet, taking nearly 88,000 regional mines off-line and lowering the total global hashrate, … Read more
Alexis Ohanian, Reddit cofounder.Solana Play-to-earn crypto will be the only type of games most people play in five years, according to Reddit cofounder Alexis Ohanian. “90% of people will not play a game unless they are being properly valued for that time,” he said in a recent podcast. He also expects most people will unknowingly … Read more
Metaverse digital cyber world technology, man with virtual reality VR goggle playing AR augmented reality game and entertainment, futuristic lifestyleThinkhubstudio/Getty Buying virtual plots of land became the new normal in 2021 as investors jumped to alternative investing trends. Sales of virtual land boomed towards the latter half of the year, with NFT-based worlds raking in … Read more
The innovative use of virtual currencies is hotter than ever, but so is a dark side of these instruments: their exploitation in ransomware schemes. This year, since January 2021, ransomware attacks have increased dramatically in number and severity. In these attacks, cybercriminals deploy malicious code into the victim’s environment. They then generally demand payment in … Read more
A pop-up kiosk for Robinhood along Wall Street after the company went public.Spencer Platt/Getty Images Robinhood Markets is launching a beta version of its crypto wallet in January. After months of fine-tuning the new feature during the October alpha testing, Robinhood is now ready to move to the beta phase. Robinhood revealed common user feedback … Read more
“You don’t own ‘web3.’ The VCs and their LPs do,” Dorsey said on Monday.MARCO BELLO/AFP/Picture Alliance/Getty Images Jack Dorsey and Elon Musk are decrying venture capital influence on Web3. Crypto users don’t own the next version of the internet, venture capitalists do, Dorsey said. When Musk asked if anyone’s seen Web3, Dorsey said “it’s somewhere … Read more
Aseem Gujar & Partha Sinha | TNN In 2016, when Hiten Malviya (29) bought a bitcoin for the first time, the virtual currency was worth less than $1,000. After an initial investment of Rs 40,000, Malviya had become a ‘crypto millionaire’ within a year as the value of bitcoin hit $20,000 in 2017-end. In 2018, … Read more
Sam Bankman-Fried co-founded the crypto exchange FTX in 2019.FTX Sam Bankman-Fried built a crypto trading empire worth almost $30 billion in just a few short years. The 29-year old founder has worked around the clock for years to fulfill his goal of becoming a major philanthropist. These are the five big takeaways from Insider’s recent … Read more
The EduDAO traces its roots to the University of California, Berkeley.David Madison/Getty Images The newly launched EduDAO will allocate $11 million a year to university-level students working on technology projects. EduDAO is being financed by decentralized asset manager BitDAO in partnership with Mirana Ventures. Harvard, UC Berkeley, and Oxford are among the first universities in … Read more
National Unity Government says it will allow use of Tether as it tries to fund ‘revolution’ against military government.Myanmar’s shadow government said it would allow the use of the world’s largest stablecoin, Tether, as an official currency, potentially making it easier for it to raise funds and make payments. The National Unity Government (NUG), which … Read more
And wouldn’t you know, there’s a fee for everything.“As part of this arrangement, the Manager [MHC Digital Finance] shall receive a commission payment calculated by reference to the Timex spread from time to time (currently 1.00 per cent).”That’s some related party. With a minimum investment of $50,000, is it any wonder Carnegie is so keen … Read more
The decision of the government to introduce a bill that seeks to prohibit all private cryptocurrencies in India was not entirely unexpected. The issue of crypto currency (or virtual currencies/VCs) first came to the limelight when the matter went to the Supreme Court in 2018. In the course of lengthy arguments, the three-judge bench set … Read more
Experts share their predictions for crypto in 2022.WinzenT/Getty Images After an eventful 2021 in crypto, experts shared their predictions for the sector next year with Insider. Among them: Expect a battle for the metaverse, the first billion-dollar hack, and the use of bots to buy NFTs. The crypto economy will top $7.5 trillion in 2022, … Read more
Crypto exchanges are urging investors to stay away from schemes that promise doubling of investments and to be wary of fake apps and sites that try to extract personal details. Avinash Shekhar, Co-CEO, ZebPay, explained that most scams follow a similar pattern, which is asking you to transfer your crypto to an address to double … Read more
Anonymity kavach on.I am really sad by the fact that my four letters have not been addressed. Kindly address them.Abhinandan, I have sent you some mails. If you can spare some time I will be highly obliged. (Shall I send them again in a batch?)***Although I have written to Awful and Awesome several times, I … Read more
The name “luna” echoes crypto fans’ cry of “to the moon.”Albert Garnelis/Getty Images Terra’s luna cryptocurrency has gained around 80% in a week, making it bigger than either shiba inu or avalanche. A network upgrade and upcoming changes to how users report their tax liabilities have driven the surge. JPMorgan’s Nikolaos Panigirtzoglou said recently terra’s … 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
NEW YORK CITY (WABC) — It’s called cryptocurrency: Mayor-elect Eric Adams wants to get paid in it, and he wants it taught in schools.But what is it? And what should you watch out for?Some stores in New York City are accepting cryptocurrency as payment, and there are Bitcoin ATMs throughout the area that turns cash … Read more
Viewers take in the art installation “Machine Hallucinations – Space: Metaverse” by Refik Anadol.Tyrone Siu/Reuters The metaverse is a massive opportunity for the crypto space, according to a Bank of America strategist. BofA’s Haim Israel predicted that cryptocurrencies will finally be used widely for transactions in virtual worlds. He said crypto-based platforms will need developing, … Read more
Modi Govt to introduce Cryptocurrency Bill 2021 in Parliament during Winter Session. Cryptocurrency Bill 2021 in Parliament Live Updates: The Central Government is set to introduce the much-awaited The Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in Parliament during the ongoing Winter Session, starting today. The Crypto industry is awaiting a positive regulation … Read more
NEW DELHI: OKEx, a BTC future derivatives and crypto exchange, on Thursday said it has partnered UTORG, a licensed cryptocurrency service provider, to boost fiat currency-based crypto buying in India. With its recent focus on Asian markets and India being one of the largest cryptocurrency markets, OKEx aims to bring the best-in-class experience to its … Read more
SOPA Images/Getty ImagesSOPA Images/Getty Images Prices of shiba inu, dogecoin, bitcoin, and tether dropped on a popular crypto exchange in India. The declines came as the country mulls a crackdown on private cryptocurrencies. The declines created an arbitrage opportunity for savvy investors, but a tough one to capitalize on. Cryptocurrencies dropped in India Wednesday morning … Read more
Kraken on a phoneKONSKIE, POLAND Kraken will stop trading of privacy coin monero for UK customers this month, according to an email last week. By November 26, UK users will no longer be able to open or add to positions in monero. A Kraken spokesperson said the exchange was responding to guidance from the UK … Read more
Clinton’s comments come in the wake of controversial crypto tax reporting requirement that was part of the $1 trillion bipartisan infrastructure bill signed into law by U.S. President Joe Biden on Monday. Per the bill, from 2023, brokers will need to disclose customers’ names, addresses, phone numbers, capital gains, and losses to the Internal Revenue … Read more
Reserve Bank of India (RBI) Governor Shaktikanta Das’ recent comments that while cryptocurrency is a ‘serious concern’, its underlying near decade-old blockchain technology can grow even without the currency, has further fuelled debate on whether blockchain and the overlying currency are interconnected, or whether blockchain (the technology) can exist without the currency.So can you just … Read more
With cryptocurrency trading booming in the country, the average investment by individual investors is on the rise. Despite concerns around the legality of cryptocurrencies and regulatory uncertainties , the average investment per individual has gone up to ₹10,000 from ₹6,000-8,000 a year or two back. Targeting next-genSathvik Vishwanath, co-founder of cryptocurrency exchange Unocoin, said the … Read more
Representations of virtual currency Bitcoin are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020.Dado Ruvic | ReutersU.S. Deputy Treasury Secretary Wally Adeyemo said that the dollar will continue to be the world’s dominant currency despite increasing interest in cryptocurrencies.”One of the things that we know is that digital assets present an … Read more
The cryptocurrency Crypto.com Coin, known as CRO, has been growing in value.One CRO token is now worth around $0.45 after reaching a record high of $0.51 earlier on Monday.The coin has more than doubled in value since the start of the month.Here is everything you need to know about it, including predictions for the future.What … Read more
Missed doge? Get floki? ad spotted in the London underground. Amanda Cooper Transport for London said at the weekend it would ensure crypto ads complied with its policies from now on. “Missed Doge? Get Floki ” posters appeared throughout the city’s travel system, touting the unregulated meme crypto coin. Siân Berry, Green party London Assembly … Read more
Bitcoin has surged to record highs above $67,000 this year. Edward Smith/Getty Images Startup founder Michael Martocci tells WSJ that he puts 90% of his investment money into crypto. Like most rich millennials, the 26-year-old is overseeing his own wealth management. Martocci isn’t interested in playing golf with a Goldman Sachs adviser who wants his … Read more
Rahul Rai, co-head of Market Neutral at BlockTower Capital. Rahul Rai Rahul Rai, a 24-year-old hedge fund founder, believes ether could overtake bitcoin in the next six or so months. The ethereum token has the potential to “power the rails of all global finance” through DeFi use, he told Insider. Ether has climbed to new … Read more
Bitcoin. Rafael Henrique/SOPA Images/LightRocket via Getty Images JMP Securities believes the crypto economy and blockchain could be the “greatest innovation of our lifetime.” The crypto market continues the evolution toward automation, digitization, increased efficiency, and productivity, and analysts said it’s at a tipping point. They also compared blockchain technology to the internet and other hyper … Read more
The AnubisDAO project was named after the Egyptian god of death. Khym Harrison/ iStock / Getty Images Plus $60 million in ether has vanished from a fundraising effort by a cryptocurrency project, The Block reported. AnubisDAO was promoted as a protocol update for a cryptocurrency named OlympusDAO. But hours before the related token sale was … Read more
Mr. Goxx trading cryptocurrencies. @Mr_Goxx Twitch Livestream Mr. Goxx, the crypto-trading hamster that went viral last month, is starting to capitalize off his early success.Mr. Goxx’s anonymous business partner has sold NFTs to help fund a larger portfolio and upgrade the hamster’s trading rig.Since the hamster’s trading journey began in mid-June, it has outperformed the … Read more
Bitcoin. Sean Gladwell Sean Gladwell Crypto miners hanging onto their bitcoin are creating “supply shocks,” Kraken said in a blog Thursday. The supply shocks are helping to boost bitcoin prices even further. The trend indicates bitcoin’s bull run may have farther to go, Kraken said. Crypto miners are stockpiling bitcoin, driving a supply shock and … Read more
Bitcoin. Edward Smith/Getty Images Police in England seized more than $2 million worth of crypto from a 17-year-old involved in a credit card scam. Lincolnshire Police said seized 48 bitcoin and other cryptocurrencies after discovering money-laundering links in the case. The teenaged boy was charged with false representation and money laundering. Police in an English … Read more
Gary Gensler, chair of the SEC, testifies at a hearing in September. Evelyn Hockstein-Pool/Getty Images The first-ever bitcoin-futures that launched on October 19 was a massive success. SEC Chair Gary Gensler on Monday voiced concern that crypto investors are still not well protected. His comments led to some speculation among observers on social media that … Read more
London, United Kingdom–(Newsfile Corp. – October 24, 2021) – The huge success of rebase tokens has sparked a new trend in crypto currency and now some of cryptos top minds have joined the party.LondefyTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/7994/100681_80eddf5a94202a5c_001full.jpg.Londefy (LDF), is “a truly reliable rebase token solidified by professional people and … Read more
Bitcoin crushed by US dollar urfinguss “We are not anywhere near done until the number one coin is a stablecoin,” Emin Gün Sirer, CEO of Ava Labs, told Insider. Stablecoins have an advantage because they can be tied to assets like the dollar, which makes them less volatile. But stablecoins face questions from regulators about … Read more
Bitcoin has pushed to an all-time high above $66,000. Rafael Henrique/SOPA Images/LightRocket via Getty Images Bitcoin futures ETFs burst onto the scene this week, marking a new milestone for the crypto market. Insider talked to market experts about how the new ETFs compare to owning actual bitcoin. ProShares and Valkyrie launched their ETFs this week, … Read more
Mark Cuban. Steve Jennings/Getty Images Mark Cuban praised cryptocurrencies and Robinhood for encouraging young people to invest. The “Shark Tank” star compared bitcoin to gold, and called for stablecoins to be regulated. The billionaire advised parents to join TikTok and YouTube to understand how children learn today. Mark Cuban praised cryptocurrencies for enticing young people … Read more
Bitcoin. Nurphoto Bitcoin plummeted to $8,200 on Binance’s US platform, Coin Telegraph first reported. The brief decline in the cryptocurrency was an 87% fall from $65,815. Binance’s CEO tweeted “expect very high volatility in #crypto over the next few months.” Bitcoin briefly plummeted to about $8,000 on Thursday – but only on the Binance US … Read more
Bitcoin balloon Andriy Onufriyenko The IMF warned countries about the risks that came with the growing crypto space in a report Tuesday. More than 16,000 tokens have been listed on exchanges, but only around 9,000 exist today, the report said. The fund said stablecoins were vulnerable to volatility and investor runs despite being pegged to … Read more