Page 7 - Cryptocurrency

Bitcoin nears $64,000, experts say it may beat previous high before halving

The surge in traffic on Wednesday triggered trading outages and displays of $0 balances for users of Coinbase, the largest US digital asset exchange

He should get 6 years in jail, pay back nothing: Sam Bankman's lawyer

Attorneys for the 31-year-old former crypto mogul made their recommendation to US District Judge Lewis A. Kaplan in a 98-page memo late Tuesday ahead of his March 28 sentencing

Bitcoin rises 39.7% in Feb, heads for biggest monthly gain since Dec 2020

The bigger bitcoin exchange-traded funds (ETFs), which were listed in the US on January 11, have seen a definite pickup in interest this week

Bitcoin tops $57,000 for 1st time in over 2 years, Ethereum crosses $3,200

Since the start of 2024, Bitcoin has gained 33 per cent, primarily due to the high demand of its recently launched ETFs

Grayscale's Bitcoin ETF exodus reaches $7.4 bn in first 30 trading days

That stands in contrast to the other nine freshly launched spot Bitcoin ETFs, all of which are sitting on net inflows since trading began

Crypto wrap: Bitcoin sees profit booking after touching $1 trn market cap

The focus this week shifted towards Ethereum, as it led prices ahead of Bitcoin and crossed the crucial $3,000 level before falling

Cryptoverse: Breezy bitcoin reclaims $1 trillion crown, up 22% this year

Its resurgence has electrified the broader cryptocurrency market, including ether and other digital coins, which has now exceeded $2 trillion, as per data from CoinGecko

Bitcoin reclaims $1 trillion market cap for first time since November 2021

According to experts, the upcoming Bitcoin halving in April may lead to the token retesting its all-time high level of $69,000

Crypto wrap: Euphoria around Bitcoin ETFs continues to help market rally

The price of Bitcoin has been going up as the date of next of halving, April 19, approaches

Bitcoin approaches $45,000 with US spot ETFs showing steady inflows

The largest cryptocurrency rose as much as 1.6% to $44,872 on Thursday. Bitcoin last traded above $45,000 on Jan. 12, the day after the ETFs began trading

Payments from crypto ransom attacks doubled to record $1 bn in 2023

Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion last year, compared with $567 million in 2022

I-T dept collects over Rs 1,260 cr in TDS from online gaming, crypto trade

The government has collected about Rs 1,260 crore in taxes till now this fiscal after a new TDS regime was brought in for online gaming and trade in cryptocurrency, CBDT Chairperson Nitin Gupta said Friday. About Rs 1,080 crore in taxes (under the tax deduction at source head) has been collected from online gaming and around Rs 180 crore through TDS has been mopped up during 2023-24 fiscal from the taxation of virtual digital assets (crypto currency), he told PTI during a post Budget interview. The data is till January 31. The Finance Act 2023 inserted a new section, 194BA, in the Income-Tax Act, 1961, with effect from April 1, 2023, which mandates online gaming platforms to deduct income-tax (TDS) on the net winnings in the person's user account. Tax is required to be deducted at the time of withdrawal as well as at the end of the financial year. Similarly, from April 1, 2022, income from transfer of virtual digital assets or cryptocurrencies is taxable at 30 per cent. Such income

Regulatory nod for US spot bitcoin ETF options may take months: Report

The Securities and Exchange Commission (SEC) last month approved spot bitcoin ETFs, in a watershed for the crypto industry

Crypto exchange FTX abandons efforts to restart its crypto exchange

FTX has been negotiating for months with potential bidders and investors, but none were willing to put in enough money to rebuild the FTX exchange

Crypto exchange FTX expects to repay customers in full: Bankruptcy lawyer

Restructuring advisers will need to examine all of the millions of claims that have been filed against FTX to weed out those that are not legitimate, lawyer Andrew Dietderich said

Here are the most crypto-ready cities in 2024: New York leads, Tokyo worst

Los Angeles is the city with the most crypto ATMs (1810 ATMs) in the world.

Indian national pleads guilty in US to running dark web drug enterprise

A 40-year-old Indian national extradited from the UK has pleaded guilty to operating a global dark web enterprise to sell "deadly and dangerous drugs to communities across America" and agreed to forfeit approximately USD 150 million in cryptocurrency. According to court documents, Banmeet Singh from Haldwani in Uttarakhand created vendor marketing sites on dark web marketplaces to sell controlled substances, including fentanyl, LSD, ecstasy, Xanax, Ketamine, and Tramadol, the US Department of Justice said in a press release. Customers ordered controlled substances from Singh using the vendor sites and by paying with cryptocurrency. Singh then personally shipped or arranged the shipment of the drugs from Europe to America through US mail or other shipping services, the release said on Friday. Banmeet Singh and traffickers like him think they can operate anonymously on the dark web and evade prosecution...Today's guilty plea, which includes forfeiture of approximately USD 150 million

Singapore's crypto firm Terraform files for bankruptcy protection in US

Singapore-based Terraform labs, in a filing with the bankruptcy court in Delaware, listed assets and liabilities in the range of $100-$500 million

BlackRock's Bitcoin ETF first to cross $1 billion threshold in inflows

Investors deposited $371 million in the fund on Wednesday, pushing IBIT past the milestone, data compiled by Bloomberg show

Tougher EU money laundering rules target crypto, luxury vehicle dealers

"It is a good day for EU citizens and businesses, but bad day for oligarchs and terrorists," said Eero Heinaluoma, one of lawmakers who took part