Page 10 - Latest Updates on Bitcoin
Crypto wrap: Market recovers after weeks due to softening of inflation
The US inflation cooled down to 6.5% in December as compared to a year ago
 "Crypto wrap: Market recovers after weeks due to softening of inflation")
15 mn Bitcoin stagnant in past 6 months amid cryptocurrency winter
In a significant concern for many in the cryptocurrency community amid the deepening crypto winter, the total amount of inactive Bitcoin (BTC) for at least six months has grown to over 15 million
WazirX's reserves at $284.4 million, highest in the form of Shiba Inu
Indian crypto exchange's reserve-to-liability ratio stands at 1:1
CoinSwitch says it has a surplus of users' crypto assets worth Rs 1,083 cr
Exchange says it has enough reserves to meet withdrawals made by its users even in "turbulent" times
 "CoinSwitch says it has a surplus of users' crypto assets worth Rs 1,083 cr")
Crypto wrap: Market up but Gemini-DCG fiasco poses threat, say experts
Co-Founder of crypto exchange Gemini Cameron Winkelvoss gave a soft ultimatum to Digital Currency Group (DCG) CEO Barry Silbert to collaborate on repaying Genesis by January 8
 "Crypto wrap: Market up but Gemini-DCG fiasco poses threat, say experts")
US regulators issue their first-ever joint warning on cryptocurrency risks
Banks were also cautioned over the "contagion risk" from the sector
 "US regulators issue their first-ever joint warning on cryptocurrency risks")
Cryptocurrency in 2022: What it was, what it is, and what to expect in 2023
Cryptocurrency: Business Standard talked to various crypto firms in India about how 2023 will be for the industry. Here's what they said
 "Cryptocurrency in 2022: What it was, what it is, and what to expect in 2023")
Crypto wrap: Central banks' commentary on inflation keeping market weak
Cryptocurrency news: Both Bitcoin and Ethereum have been trading below crucial support levels
 "Crypto wrap: Central banks' commentary on inflation keeping market weak")
Costs and benefits
Cryptos are speculative but underlying tech has merits
 "Costs and benefits")
Delhi, Jaipur recorded highest crypto adoption in 2022: CoinSwitch
CoinSwitch annual report: The highest holdings in the virtual currencies in India were in Bitcoin, and it was followed by Dogecoin and Ethereum
 "Delhi, Jaipur recorded highest crypto adoption in 2022: CoinSwitch")
Cryptoverse: Bidding adieu to 2022, the year that broke bitcoin by 60%
Crypto funds have seen net inflows of $498 million in 2022, versus $9.1 billion in 2021
After Binance, crypto exchange CoinDCX publishes Proof of Reserves
The company said that it intends to post its PoR every quarter and will soon launch a live dashboard to show its reserves and liabilities in real-time for investors
Crypto wrap: Macro indicators improve, market stable despite Fed rate hike
On December 15, after the US inflation of 7.1 per cent for November was announced, Bitcoin touched its five-week high of $18,400
 "Crypto wrap: Macro indicators improve, market stable despite Fed rate hike")
Crypto wrap: Market stable even as FTX fallout claims one more victim
The total market cap has improved marginally from $855 billion last Friday to $859 billion on December 9
How two Pythagoras crypto hedge funds dodged the market collapse
Pythagoras Investment Management LLC has two funds that have been rare bright spots in a market that's been eviscerated by a number of scandals
 "How two Pythagoras crypto hedge funds dodged the market collapse")
Crypto wrap: Positive commentary from Jerome Powell keeps market stable
In the last 7 days, Bitcoin (BTC) rose over 3 per cent and was trading at $16,970 on Friday. Ethereum (ETH) was up nearly 9 per cent and was trading at $1,280
Binance launches website for proof-of-reserves system for Bitcoin reserves
The company currently has a 101 per cent reserve ratio. This indicates that it has enough BTCs available to cover every user's balance, reports TechCrunch
 "Binance launches website for proof-of-reserves system for Bitcoin reserves")
After FTX chaos, Indian crypto exchanges try to calm nervous investors
Cryptocurrency news: On Friday, the crypto market cap was at $826 billion, Bitcoin was trading at $16,451 and Ethereum at $1,180
 "After FTX chaos, Indian crypto exchanges try to calm nervous investors")
US Dollar steadies as China tightens Covid-19 curbs, bitcoin under pressure
The euro was up 0.14% to $1.0258 after an 0.8 %loss on Monday, sterling rose 0.19% to $1.1838, partially reversing its 0.6% fall, and the dollar was at 141.86 yen down 0.18% after a 1.2% gain
 "US Dollar steadies as China tightens Covid-19 curbs, bitcoin under pressure")
Crypto wrap: Bitcoin prices may fall before bouncing back, say experts
The cryptocurrency market cap remained below $850 billion in the last seven days, and on Friday, the market cap was $835 billion
 "Crypto wrap: Bitcoin prices may fall before bouncing back, say experts")
