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Cryptocurrency
Bitcoin may hit record-low of $10K per digital coin soon
New Delhi : As Bitcoin hovers below $20,000 per digital coin, industry experts fear that the leading cryptocurrency may tumble to $10,000 soon.Bitcoin, already down nearly 70 per cent from its record-high of $68,000 in November last year,…
Crypto losses up 52% to reach $670 mn in Q2 globally
New Delhi : The global cryptocurrency market lost at least $670 million in the April-June quarter (Q2), and 97 per cent of the losses were due to hacks and scams, a report said on Thursday.The crypto losses in the second quarter were up 52…
Top crypto hedge fund Three Arrows Capital files for bankruptcy
San Francisco : Top crypto hedge fund Three Arrows Capital (3AC) has filed for bankruptcy in the US, days after its liquidation began in the British Virgin Islands, the media reported on Saturday.
The liquidation, and now Chapter 15…
FBI offers $100K for info on Crypto Queen’s whereabouts in fraud case
San Francisco : The Federal Bureau of Investigation (FBI) in the US has offered a reward of up to $100,000 for information leading to the arrest of 'Crypto Queen' Ruja Ignatova.The FBI, which added her to its 'Ten Most Wanted Fugitives'…
1% TDS on crypto investments in India, industry players say ‘wait and watch’
New Delhi : As the Reserve Bank of India (RBI) further tightens its stand on cryptocurrencies, the 1 per cent tax deducted at source (TDS) on virtual digital assets (VDAs) and cryptocurrencies came into effect from Friday.
The 1 per cent…
Coinbase sold software to US authorities to track crypto transactions
San Francisco : Cryptocurrency exchange Coinbase has provided sophisticated tools to the US Immigration and Customs Enforcement (ICE) agency to help it track transactions across Bitcoin, Ether and other cryptocurrencies.
According to a…
EU makes it difficult for criminals to use cryptos for money laundering
London : The European Union has reached a provisional agreement on transparency of crypto asset transfers, making it more difficult for criminals to use crypto currencies for money laundering.
Negotiators from the Council presidency and…
Crypto exchange FTX denies it is acquiring Robinhood
San Francisco : Global crypto exchange FTX has clarified that it is not in active talks to acquire Silicon Valley-based online trading app Robinhood, the media reported on Tuesday.A TechCrunch report said that FTX is "excited" about…
Stablecoins not stable, have ‘no role’ as money, warns top banker
New Delhi : As cryptocurrencies get hammered in the economic meltdown, stablecoins whose value is pegged to another asset like a fiat currency or a commodity are also bad investments and are ill-suited as a form of money, Siddharth Tiwari,…
Crypto exchange FTX acquiring stake in BlockFi: Report
San Francisco : Leading crypto change is reportedly acquiring a stake in the beleaguered crypto lending firm BlockFi, as the crypto industry faces meltdown.According to Wall Street Journal, FTX is currently in discussions with BlockFi…