Page 30 - Cryptocurrency

NFT: Fad or future?

The technology has exploded over the past few months and sales of NFTs, according to many estimates, have now topped $500 million

Coinbase gets all-clear from SEC, setting stage for landmark crypto listing

The surge in Coinbase's private market valuation illustrates how the perceived value of the company has rallied hand-in-hand with the jump in the price of cryptocurrency bitcoin.

After Visa, PayPal Holdings launches cryptocurrency checkout service

Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said

Businessman to photographer: Cryptocurrency investors ready for govt bill

India prepares to legislate digital money after conflicting reports on outright ban with cryptocurrency bill 2021.

Visa allows payments using cryptocurrency, says 'seeing demand'

Company said it launched the programme with payment and crypto platform Crypto.com

Bitcoin jumps to one-week high of $58,000 as Visa pilots crypto settlement

Traditional financial companies are beginning to embrace cryptocurrencies and blockchain projects more than a decade after the creation of Bitcoin in 2009

Govt mandates companies to disclose investments in cryptocurrencies

Govt asks companies to also reveal CSR spend, benami property transactions from FY22

RBI has major concerns on cryptocurrencies, flagged it to govt: Governor

The comments come in light of what has been termed as confusing signals from the government on the cryptocurrencies

Bitcoin slide adds to signs of step back in retail trading mania

Bitcoin is about $9,000 below a record of $61,742 set earlier in March

India's proposed ban on cryptocurrencies not in line with major countries

In most major countries and blocs, regulators treat cryptocurrencies as assets and gains in these are taxed like financial transactions

Fed's Jerome Powell: Public should understand risks of Bitcoin

Federal Reserve Chair Jerome Powell said Monday that the US public needs to understand the risks behind Bitcoin and other crypto currencies

Twitter boss Jack Dorsey's first tweet sold for $2.9 million as an NFT

LONDON (Reuters) - Twitter boss Jack Dorsey sold his first tweet as an NFT for just over $2.9 million dollars on Monday.

NFT digital artwork by humanoid robot Sophia goes up for auction

Sophia, who was unveiled in 2016, produced her art in collaboration with Italian digital artist Andrea Bonaceto, known for colourful portraits, some of which depict famous people, such as Elon Musk

Govt considers blocking IP addresses of cryptocurrency exchanges

Two months ago, the government had said it intended to bring a Bill to ban private cryptocurrencies and introduce India's own digital currency in line with what China and other countries had done

Nascent but growing crypto-universe under threat from proposed crypto ban

There is, however, some confidence that the Centre will allow, rather, promote, innovations around blockchain, the underlying technology for Bitcoin

Best of BS Opinion: Future shock, a new case for peace with Pakistan & more

Here's a selection of Business Standard opinion pieces for the day

Decoded: What is a cryptocurrency and how does a blockchain work?

It's a virtual currency. Every crypto-coin is a unique code, like the serial number on a banknote

Future shock: New rules needed for the new world, but who will write them?

How should personal data be used and not used? What about the disintermediated media that has teamed up with Big Tech to re-invent politics by spreading post-truth and hate mail, wonders T N Ninan

Why a ban on cryptocurrency could have dire consequences for India

Just like its disastrous predecessor - demonetisation - banning cryptocurrency to fight "black money" would be like setting fire to the forest in order to smoke out a few sheep

Coinbase valuation pegged at $68 billion ahead of landmark US listing

Coinbase, the largest US cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around $68 billion this year ahead of a planned stock market listing