Page 8 - Cryptocurrency

Bitcoin's ETF hangover saddles token with its worst streak in a month

The batch of almost a dozen ETFs, including from investment titans BlackRock Inc. and Fidelity Investments, began trading on Jan. 11

Crypto players see surge in activity after crackdown on global companies

The Financial Intelligence Unit (FIU) under the finance ministry issued the show cause notices to VDA platforms like Binance, the largest cryptocurrency exchange, and Kucoin last month

Consider regulatory sandbox approach to deal with crypto issues: GTRI

India should consider a regulatory sandbox approach to deal with issues related to crypto products and services, economic think tank GTRI said in its report on Sunday. Regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may (or may not) permit certain relaxations for the limited purpose of the testing. The Global Trade Research Initiative (GTRI) said that in the light of crypto's acceptance in the regular financial system in the US, it remains to be seen how India's crypto policy evolves in coming months. With the new US action, with ramifications on global capital flows, price of gold, foreign trade, it may not be possible to live with no regulation, it said. "India may consider adopting regulatory sandbox approaches, allowing for controlled testing of innovative crypto-related products and services. It may need to balance innovation with risk management and adapt advancements in blockchain

Binance loses India traders to local companies it recently dominated

WazirX and Mudrex estimated that roughly 70% of their fresh inflows came from Binance, while CoinDCX put the figure at around 40%

Crypto emerges from the shadows

US decision to allow spot bitcoin ETFs marks the latest win for this asset class

Crypto wrap: High volatility in market after SEC's approval of Bitcoin ETFs

The crypto market witnessed many highs and lows during the week. Bitcoin touched its highest level in 22 months and soon wiped off the gains

Indian crypto firms welcome US SEC approval for bitcoin ETF, draw hope

US regulator's decision will create 'new era' of crypto asset adoption, they say

Bitcoin at 21-month-high as US SEC approves Bitcoin ETF from heavyweights

After the announcement, Bitcoin briefly touched $47,600, the highest since December 2021, before cooling down to $46,600 for the first time since April 2022

'Don't think world can afford cryptomania', says RBI Guv Shaktikanta Das

'I don't think the world or emerging markets can take a cryptomania like the Tulipmania, said the RBI Governor at Mint's BFSI Summit

US SEC authorises Bitcoin-spot ETFs in cryptocurrencies' breakthrough

The approvals mark a rare capitulation by the SEC following opposition that lasted for more than a decade, ever since Tyler and Cameron Winklevoss first proposed a Bitcoin ETF in 2013.

BlackRock, Ark Investment lower fee for planned spot bitcoin ETFs

BlackRock's iShares Bitcoin Trust would charge 0.25%, compared with the 0.30% fee set earlier. ARK 21Shares Bitcoin ETF lowered its fee to 0.21% from 0.25%

'With 2 to 5% allocation Bitcoin good addition to investor's portfolio'

Die-hard equity pundits may have been denouncing cryptocurrencies as a giant scam but Bitcoin has emerged as a clear leader and having a small portion of digital currency in one's portfolio could be a smart move, claims a new book. In "Investing Decoded: Simple Path to Building A Portfolio in Millions", Anirudh Rathore provides a beginner's guide to acquiring the tools and mindset required to start securing one's financial future. Taking risks, according to the author, is a key part of investing. He encourages investors to see the market as a tool for long-term success and to stick to their choices rather than changing stocks frequently, which can hurt performance. Rathore, who taught himself to invest during the uncertainties of the pandemic, emphasises that one doesn't need a finance degree to start growing money. He suggests starting investing as soon as one starts earning, even if it's a small amount. "I know it sounds easier to say than to actually accomplish it but all those

Budget 2024-25 wishlist: Indian crypto players seek tax cuts to spur trade

Companies have urged the government to treat income gained from virtual digital assets (VDAs) at par with that derived from capital assets

Bitcoin traded just below $47,000 mark as ETF frenzy continues: Report

The world's largest cryptocurrency briefly swung above $47,000 late on Monday boosted by excitement over several filings revealing what potential ETF issuers planned to charge in fees for the products

CoinDCX sets aside $1 million to aid asset transfers from foreign exchanges

This comes after the finance ministry's FIU last month issued show cause notices to nine offshore crypto exchanges for operating in India 'illegally'

Crypto wrap: Markets highly volatile as ETF rumours take centre stage

Experts suggest that sustaining the level of $44,000 is important for Bitcoin to establish a positive momentum

Bitcoin surpasses $45,000 for 1st time in 2 yrs on ETF approval hope

Bitcoin has risen over 20 per cent since the start of December as a Jan. 10 deadline for the US Securities and Exchange Commission to give its blessing for a spot ETF Bitcoin draws closer.

No need for a second trial of FTX founder Sam Bankman-Fried: Prosecutors

A second trial of FTX founder Sam Bankman-Fried on charges not in the cryptocurrency fraud case presented to a jury that convicted him in November is not necessary, prosecutors told a judge Friday. Prosecutors told US District Judge Lewis A. Kaplan in a letter that evidence at a second trial would duplicate evidence already shown to a jury. They also said it would ignore the "strong public interest in a prompt resolution" of the case, particularly because victims would not benefit from forfeiture or restitution orders if sentencing is delayed. They said the judge can consider the evidence that would be used at a second trial when he sentences Bankman-Fried on March 28 for defrauding customers and investors of at least USD 10 billion. Bankman-Fried, 31, who has been incarcerated since several weeks before his trial, was convicted in early November of seven counts, including wire fraud, wire fraud conspiracy and three conspiracy charges. He could face decades in prison. Last spring,

Review of Crypto Savings Account Services: Binance, Nexo, and CoinDepo

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India has over 19 million crypto investors with 75% youth: Report

Major metro cities such as Delhi, Bengaluru, and Mumbai account for over one-fifth of the total value of crypto investments in the country