Other digital tokens also increased, with Ether jumping 7%, Solana up more than 9% and DeFi favorite Aave also up around 7%
The recent guidance by the US on transaction reporting by crypto companies is shining some light on staking - one of the least understood but hottest corners of the digital-asset world.
Sitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank Digital Currency (CBDC) would be issued by the RBI in the coming fiscal year
'I am not going to legalise it or ban it at this stage. Banning or not banning will come subsequently, when consultations give me input,' says FM in Parliament
Patrick Hillmann, Binance's chief communications officer, and Bill Chin, head of Binance Labs, its venture capital arm, will join the Forbes board when the transaction closes
Here are the top headlines on Thursday
He added that it is his duty to caution investors, and told them to keep in mind that they are investing at their own risk
Budget euphoria may well be waning away on Dalal Street, but some of its announcements are still fresh in people's imaginations. Virtual digital assets are one of them. Find out more about it
Says it is vital for the US and India to take the lead globally on setting standards on innovative frontiers
The top 27 most expensive recorded sales across the whole NFT industry in January, totalling $1.3 billion, came from just two wallets transacting on LooksRare
Finance Minister Nirmala Sitharaman in her budget speech last week talked about launching a central bank-backed 'digital rupee' soon.
The world's largest cryptocurrency hit $41,983, taking gains from Thursday's lows to nearly 16%, and marking a 27% rise from the year's low of $32,950.72 on Jan. 24
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'There are a lot of claims about how important the sector is, but nobody really knows. So it's only when we begin to tax it will we get the scale of it', he said
Move to help the users track their crypto portfolios across wallets and exchanges, and manage taxes on their transactions
Cryptocurrency trading has exploded in Southeast Asia's second-largest economy with transactions reaching 251 billion baht ($7.57 billion) in November
Will RBI's digital currency give a fillip to fintechs? What's the government's disinvestment roadmap? Why are investors dumping IT stocks? What is cryptocurrency? Find all answers here
A day after the budget, Finance Secretary TV Somnathan said the govt doesn't treat trading in crypto assets as illegal. Find out what is cryptocurrency and the challenges it is posing for the govt
Recoveries eclipsed fresh infections as daily Covid cases in Kerala decreased on Thursday with the state recording 42,677 new cases