Page 9 - Cryptocurrency

The end: Facebook-backed digital currency Diem sold to bank

A once-ambitious but now faltering Facebook-backed digital currency project known as Diem is dead, its assets sold to bank holding company Silvergate Capital. Silvergate and the Diem Association announced the sale on Tuesday. Meta, which owns Facebook, did not immediately respond to a message for comment. Diem said it became clear from our dialogue with federal regulators that the project could not move ahead. As a result, the best path forward was to sell the Diem Group's assets and the project will wind down in the coming weeks. It's been clear for a while that Diem, which was first named Libra, was fighting an uphill battle with regulators. Meta has gradually distanced itself from the project. Last May, the Diem Association, which at the time included Facebook and 25 other companies entered a partnership with Silvergate Capital Corp. to issue a stablecoin backed by the US dollar. A stablecoin is a digital currency backed by real-world assets such as national currencies or other

Market wrap: Bulls cheer Budget 2022; Sensex, Nifty end 1.4% higher

Nifty Metal index soars 4%; Tata Steel, SAIL rally; ITC jumps to 7-week high as no tobacco tax relieves investors; Sun Pharma hits new 52-week high post Q3 results; Govt brings cryptos under tax net

Budget 2022: India catches up with global fad of digital currency

Crypto or digital currencies are the latest fad across the world and India will next fiscal, beginning April 1, have its own version of the same

What Budget 2022 holds for the individual taxpayer and the investor

While there was no change in the slabs and no deductions whatsoever, there was some relief for taxpayers who make a mistake in filing income-tax

Digital Rupee proposed to be introduced by RBI from 2022-23: Sitharaman

Digital Rupee is proposed to be introduced by RBI using blockchain technology starting from 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday.

Budget 2022: Sitharaman says RBI to launch digital cryptocurrency

India's central bank has voiced 'serious concerns' around private cryptocurrencies on the grounds that these may cause financial instability

Bitcoin January loss is worst start to year since 2018 'crypto winter'

The largest cryptocurrency by market value has notched only about a dozen up days this month

Facebook's crypto venture to wind down after asset sale to Silvergate

Meta reports fourth-quarter earnings on Wednesday and plans to break out results of its metaverse-oriented hardware unit for the first time

Cryptos face mounting pressure; lack of policy clarity remains a headwind

China and India both host large crypto-trading communities, which are now uncertain about the future

Govt to take balanced view on cryptocurrency, says PEA Sanjeev Sanyal

The government will take a balanced view on the issue of regulation of cryptocurrencies as they have implications on the country's financial stability, Principal Economic Adviser Sanjeev Sanyal said.

Amid crypto fall, nearly 30,000 Bitcoin millionaires wiped in last 3 months

The development occurs as the volatile currency witnesses a free fall from $69,000 in November to nearly $36,000 (on Thursday), owing to regulatory scrutiny and geopolitical unrest.

'The Enigma': Mystery black diamond up for auction; crypto accepted

Also known as a carbonado diamond, it is possible the black diamond came from outer space

Facebook's embattled crypto project may be coming to an end

The Diem Association, a cryptocurrency initiative once known as Libra backed by Meta Platforms, is weighing a sale of its assets

Traded cryptocurrency in 2021? Here's how to approach taxes

The IRS has been zooming in on cryptocurrency reporting with increasing interest in recent years

Meta winding up its ambitious cryptocurrency project: Report

Originally launched as Libra and later renamed as the Diem Association, the cryptocurrency initiative "is weighing a sale of its assets as a way to return capital to its investor members": Report

Hedge against inflation? Bitcoin turns 13, throws interest rate tantrums

The cryptocurrency, born in 2009, was still on the fringes of finance during the Fed's previous tightening cycle, from 2016 to 2019, and was barely correlated with the stock market

Indian mythology makes it to NFT space with MetaMasters launch

World's largest cryptocurrency exchange Binance on Monday launched its first ever Indian NFT collection inspired by Indian mythology and Southeast Asian, Japanese and Chinese folklore. The Indian NFT Collection, MetaMasters, whose unique selling proposition is bringing good fortune '888 times more money, wealth & profits for its collectors' will be available for the 30 million global users of Binance. MetaMasters are powerful celestial beings that travel through the fabric of space and time to bring good fortune to its collectors. The first in the series would be MetaMaster MahaDev, according to the description on Binance. The floor price of the NFT has been set at USD 387.92 and 3,564 items have been listed for sale on Binance. MetaMasters have been created by Europe-based storyteller and NFT asset creator Sourav Roy and Singapore-based Tech entrepreneur and NFT artist Sandeep Bhatia. The series is being launched to mark the auspicious period between Chinese New Year, which ...

Bitcoin tumbles to six-month low as Ukraine conflict fears shake markets

The largest cryptocurrency trading down 7.4% at $33,650, its lowest since July 24, taking losses from its all-time high of $69,000 hit in November past 50%.

Bitcoin, Ether, memecoins steady after tumbling in crypto rout

Bitcoin, the largest cryptocurrency by market value, traded at about $35,350 as of 12:05 p.m. in Singapore.

Delhi man's Rs 4.5 cr crypto fraudulently sent to Palestine's Hamas wing

The victim owned cryptocurrencies (6.2 Bitcoin/9.79 Etherum/2.44 Bitcoin Cash) of blockchain mobile wallet