Page 23 - Cryptocurrency

Will take all measures to eliminate use of crypto-assets, says govt

The government on Tuesday said it will take all measures to eliminate the use crypto-assets in funding illegitimate activities or as part of the payment system

Mudrex raises $2.5 mn in seed round led by Nexus Venture Partners

Mudrex provides a platform for crypto investing by providing investment products modeled along the lines of 'mutual funds' and 'ETFs' for long-term wealth creation

Everything you want to know about CBDC

The central bank digital currency will neither substitute nor compete with cryptocurrency; it's just a wallet. Period

Bitcoin and Ether hit highest levels since mid-May as sentiment warms

Ether increased as much as 6.9% to $3,145, gaining for a fourth day amid the Ethereum network's London upgrade, which reduces the pace of growth in the coins

Cryptocurrency exchange Binance halts new Hong Kong futures accounts

The largest crypto exchange by reported turnover said in a Twitter post that the move is effective immediately.

Ethereum software upgrade activated; ether, bitcoin down 4-5%

Ether was already lower on the day going into the technical adjustment

Let us regulate 'wild west' of cryptocurrency: SEC chief Gary Gensler

Gary Gensler seeks more authority from Congress to oversee a market 'rife with fraud, scams and abuse'

ED said to probe crypto exchange Binance's role in betting app laundering

India is probing betting apps run by Chinese operators, which collected more than Rs 1,000 crore over the past 10 months, for allegedly laundering part of money through the WazirX cryptocurrency

Crypto exchange Binance to wind down derivatives in Europe

Binance's exit from derivatives in Europe is its latest exit from specific crypto products after growing regulatory pressure.

Crypto startup Vauld raises $25 mn in round led by Peter Thiel's fund

Firm said it has seen 124.4% QoQ growth in AUM from 1Q21 to 2Q21. Vauld will leverage the capital to build its team, aiming to fill at least a hundred new roles and further its global expansion

Biconomy raises $ 9mn in pvt funding round led by DACM, Mechanism Capital

Biconomy was founded in 2019 and to date, it has raised $10.5 million.

Bitcoin tops $40,000 as traders get boost from high-profile investors

Traders drew confidence from recent positive comments about the cryptocurrency by high-profile investors

Bitcoin falls below $37,000 after Amazon's denial; Ether, Litecoin tumble

More than $950 million of crypto shorts were liquidated on Monday

Bitcoin leaps 12% to test recent peaks, ether hits 3-week high

Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week

Bitcoin hits key level not seen since May amid Ark, Tesla CEOs' boost

Bitcoin had looked to be in danger of further declines after it fell below $30,000 earlier in the week

Bitcoin extends gain after retaking closely watched $30,000 mark

The largest digital currency rose as much as 3.4 per cent and was holding at about $30,800

Crypto firm FTX Trading's valuation rises to $18 bn after $900 mn funding

The latest funding comes as investor sentiment towards cryptocurrencies has somewhat soured after an initial euphoria earlier this year due to mounting regulatory concerns globally

Bitcoin slides below $30,000 level for the first time in a month

Some traders had viewed $30,000 as a key support that might open the way to more losses if breached

Most institutional investors expect to buy digital assets, study finds

Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study has found

Pakistan govt moves to bring cryptocurrency boom out of the dark

Pakistan has seen a boom in trading and mining cryptocurrency, with interest proliferating in thousands of views of related videos on social media and transactions on online exchanges