Page 7 - Latest Updates on Bitcoin
Bitcoin drops below $29,000 for the first time in over a month: Report
The largest digital-asset by market value fell as much as 4.2% to $28,865, the least since June 21
 "Bitcoin drops below $29,000 for the first time in over a month: Report")
Over half of Indian crypto investors in for long term: WazirX survey
In the age group of 18-30 years, 40% of respondents said they have invested more than Rs 40,000 in digital assets
 "Over half of Indian crypto investors in for long term: WazirX survey")
Crypto wrap: Market volatile on profit booking after last week's rally
The major beneficiary of Bitcoin's weakness has been Ripple's XRP token which now enjoys a market dominance of 21%
 "Crypto wrap: Market volatile on profit booking after last week's rally")
G20 FSB releases global guidelines for crypto firms to safeguard investors
"As recent events have illustrated, if linkages to traditional finance were to grow further, spillovers from cryptoasset markets into the broader financial system could increase," the FSB said
 "G20 FSB releases global guidelines for crypto firms to safeguard investors")
Crypto wrap: US Federal Court's ruling on Ripple leads to surge in market
Cryptocurrency news: Another reason for the surge was the lower-than-expected US inflation of 3% for June
Caution about Bitcoin grows as jump in global markets bypasses crypto
The largest digital asset on Thursday mostly held losses of 0.7% from a day earlier, while stocks and bonds extended gains on bets that an end to Federal Reserve monetary tightening is getting closer
 "Caution about Bitcoin grows as jump in global markets bypasses crypto")
Bitcoin bulls take heart from smaller token Litecoin's market, beating jump
Litecoin was created in 2011 and aims for faster transactions than Bitcoin
 "Bitcoin bulls take heart from smaller token Litecoin's market, beating jump")
Crypto wrap: Market highly volatile amid mixed signals from macro data
In the last few weeks, the market was witnessing a bull run after the news emerged of several big entities showing their interest in Bitcoin but in the later part of the week, the market saw a sell-of
Karnataka govt forms SIT to probe Bitcoin scam surfaced during BJP regime
The prime suspect, Srikrishna Ramesh alias Sriki, was accused of hacking the state government's e-procurement website and siphoning over Rs 11.5 crore
 "Karnataka govt forms SIT to probe Bitcoin scam surfaced during BJP regime")
Crypto wrap: Bitcoin continues to stay over $30,000, Ethereum above $1,800
Among the most important developments in crypto markets was the King of England's assent to the UK's Financial Services and Markets Act
Karnataka govt to reopen Bitcoin scam, to get it probed thoroughly
"A new team has been constituted. So there should not be any surprise if the case is handed over to the CID," Parameshwara said
 "Karnataka govt to reopen Bitcoin scam, to get it probed thoroughly")
Bitcoin soars 20% in 11 days after BlackRock files application for spot ETF
BlackRock filed for a prospective spot bitcoin ETF on June 15, undeterred by the Securities and Exchange Commission's (SEC) past record of rejecting every such application
 "Bitcoin soars 20% in 11 days after BlackRock files application for spot ETF")
Crypto wrap: Market seeing bull run as institutions jump into industry
BlackRock's application for spot Bitcoin ETF and Deutsche Bank's interest in crypto custody services have kept investors motivated in the last week
Bitcoin breaches $30k-mark fuelled by Powell's comments, spot ETF filings
US Fed chair Jerome Powell on Wednesday said they see 'payment stablecoins as a form of money'
 "Bitcoin breaches $30k-mark fuelled by Powell's comments, spot ETF filings")
Bitcoin hits six-week high as financial titans step up crypto initiatives
The largest digital asset rose as much as 6.1% and traded at $29,789 as of 11:26 am in New York on Wednesday, lifting the token's rebound this year to almost 80%. Smaller coins such as Ether, Cardano
 "Bitcoin hits six-week high as financial titans step up crypto initiatives")
Crypto wrap: Fed's rate hike comment, SEC cases drag Bitcoin to 3-month low
Bitcoin fell to its lowest in three months on Wednesday after US Fed's statement hinted that it may increase the rates in the upcoming policy announcements
 "Crypto wrap: Fed's rate hike comment, SEC cases drag Bitcoin to 3-month low")
Re-examining the Bitcoin scam case unveiled in 2021: Karnataka Minister
There were also charges of cryptocurrency theft, drug peddling and cyber fraud relating to the case
US charges two Russian men over 2014 Mt Gox Bitcoin hack of $400 mn
Starting in 2011, Bilyuchenko and Verner stole a massive amount of cryptocurrency from Mt. Gox, contributing to the exchange's ultimate insolvency
 "US charges two Russian men over 2014 Mt Gox Bitcoin hack of $400 mn")
Crypto wrap: Markets resilient amid SEC action against Binance, Coinbase
Despite the cases against two big crypto exchanges by the US SEC throughout the week, the crypto market cap was largely trading flat on Friday
 "Crypto wrap: Markets resilient amid SEC action against Binance, Coinbase")
Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe
Crypto companies, including Coinbase, dispute that crypto tokens are securities and have repeatedly called for the SEC to create clear rules
 "Coinbase CEO hits back at SEC chair after lawsuit, says user funds are safe")
