Cryptocurrencies made a giant leap in 2021, expanding well beyond their niche among geeks and Redditors. Wall Street strengthened its embrace, with Morgan Stanley Chief Executive Officer James Gorman declaring crypto no fad. New York Mayor-elect Eric Adams said he’ll initially get paid in Bitcoin. And tokenmania invaded pop culture, […]
Govt does not collect data on Bitcoin, no proposal to recognise it as currency: Centre informs LS
The government does not collect data on Bitcoin and has no proposal to recognise it as a currency, said the Ministry of Finance on Monday. The reply by the Ministry came after members of Lok Sabha Sumalatha Ambareesh and DK Suresh asked whether the government is aware that the Bitcoin […]
Bitcoin sees flash crash on the day El Salvador adopts it as legal tender
Prices of the world’s biggest digital asset, bitcoin (BTC), cracked more than 10% within an hour on Tuesday evening, while ether slumped over 15%. This flash crash came on the day when El Salvador became the first country in the world to adopt BTC as a legal tender. According to experts, bitcoin was still […]
Amazon says Bitcoin payments is just rubbish talk, not accurate
Amazon has denied an ongoing rumour that associated the e-commerce major with cryptocurrency. The clarification comes amidst an increasingly shared speculation that the company will be accepting Bitcoin as a payment option for its buyers going forward. Clearing its stance on the topic, an Amazon spokesperson on Monday said that […]
El Salvador’s adoption of bitcoin as legal tender is a wake-up call
Many regard the market for bitcoin—the world’s leading cryptocurrency—as a game of winners and losers played out among hedge funds, amateur investors, geeks, and criminals. The huge risk inherent in a highly volatile anonymous digital currency is best left to those who understand the game well, or who don’t really […]
Bitcoin Surges Higher in Fresh Rally, Narrows Gap to Record High
Bitcoin rose strongly on Tuesday, on course to gain for a fifth straight day, in a rally that has left the cryptocurrency within touching distance of an all-time high hit last month. The digital currency was trading up 3.3 percent at $54,206 (roughly Rs. 39.5 lakhs) amidst a broadly supportive […]
Crypto inflows slump after December record -report
Investment flows into cryptocurrency funds and products were just $29 million in the first week of January, down sharply from a record $1.09 billion in the week before Christmas, according to the latest data on Monday from asset manager CoinShares. In addition, the data showed pointed profit-taking from record prices, […]
Crypto boom shaken as Bitcoin plunges along with other coins
Bitcoin and other digital currencies plunged Thursday, a slide likely to stoke speculation about the durability of the boom in cryptocurrencies. Bitcoin slumped as much as 8.7%, the most since early August, while other digital coins like Ether posted double-digit percentage declines. The Bloomberg Galaxy Crypto Index at one point […]