Business Standard brings you the top headlines on Friday
China's central bank said all cryptocurrency-related transactions are illegal, according to a Q&A statement on PBOC's website
Twitter users globally on iOS devices can now send and receive digital payments, which was previously limited to a small group of testers.
Smaller rival ether, the coin linked to the Ethereum blockchain, rose 1% to $3,012 after falling below $3,000 for the first time since early August.
By Anushka Trivedi
Bitcoin mining generates as much as 30.7 metric kilotonnes of e-waste every year as of May 2021 which is comparable to small IT equipment waste produced by countries like the Netherlands
Crypto inflows amounted to $41.6 million for the week ended Sept. 17, with bitcoin getting the bulk of inflows at $15.3 million, and ether products garnering $6.6 million
Bitcoin dropped 7.3% to $44,127 as of 7:33 a.m. in New York, reaching the lowest level in a week
Bitcoin dropped 5.4% to $45,025 as of 9:49 a.m. in London, reaching the lowest level in a week
The company said in August that it would start accepting bitcoin, the most popular cryptocurrency, by the end of the year.
The tokenized stocks will be collateralized by cryptocurrencies, which means traders won't have to go through an intermediary such as a broker
SEC issued Coinbase with a Wells notice, indicating the US regulator will sue if the crypto exchange goes ahead with the launch of its interest-bearing "Lend" product for crypto assets
Bitcoin was at $46,024 in early European trading on Wednesday
The virtual coin was trading near $46,150 as of 6:31 a.m. in New York
Bitcoin licked its wounds on Wednesday, a day after its heaviest losses in 2-1/2 months as El Salvador's historic adoption of the crypto asset as legal tender caused chaos online and on the street
The price of cryptocurrencies plunged and crypto trading was delayed on Tuesday, a day in which El Salvador ran into snags as the first country to adopt bitcoin as legal tender.
Both enthusiasts and detractors of crytocurrencies will be monitoring the experiment to see if a significant number of people want to transact with Bitcoin
El Salvador is betting that this week's pioneering adoption of Bitcoin will spur its economy, especially one of its most crucial sources of revenue: money sent home by Salvadorans in the United States
Wall Street futures were pointing modestly higher again while expectations that global stimulus will remain abundant also helped crytocurrency bitcoin get back above $50,000