At the beginning of the fiscal year 2023-24, Bitcoin was valued at approximately $28,500. However, by March 2024, its price had surged dramatically to an impressive $73,750. In the year starting April 1, 2023, Bitcoin has had a remarkable run. Bitcoin gained more than 50% by mid-June 2023, rallying alongsideRead More →
World’s largest cryptocurrency Bitcoin has surged back to $70,000 level, by rising over 7 per cent. At 7:30 am UTC, the cryptocurrency reached to $71,508 on Tuesday. The surge in prices was propelled after Bitcoin enthusiasts seem unfazed by the recent outflows from US exchange-traded funds. Nearly $900 million wasRead More →
It is a sweeping wave for some and a conundrum for others but crypto is the new buzzword in the world of investment finance. Crypto is part of the Web 3.0 internet landscape which decentralises ownership and alters the concept of one or more big entities wielding control over everydayRead More →
Mumbai: The government’s move to bring cryptocurrencies under the ambit of anti-money laundering regulations will benefit exchanges dealing in these virtual digital assets and turn out to be a step towards legitimizing their operations, experts said. On Tuesday, the finance ministry notified that exchange, transfer, safekeeping or administration of cryptocurrenciesRead More →
Finance Ministry has tweaked the anti-money laundering law by bringing cryptocurrencies and other virtual digital assets trade under the ambit. This means that exchanges, custodians, wallet providers, among others in crypto-related trade will fall under the Prevention of Money Laundering Act. Also, the ministry modified the definition of ownership inRead More →
cryptocurrencies, Paxos, Binance Stablecoin, New York Department of Financial Services, BUSD token, US dollars, Read More →
The initial Terra Luna collapse’s blow was immense. While the downfalls and bankruptcies that followed it were catastrophic, the fallout from the FTX-Alameda collapse was almost unforeseen. It wasn’t just a downfall but an enormous breach of ecosystem-wide trust. Prior to the collapse of FTX (FTT-USD) in early to mid-November,Read More →
The largest cryptocurrency Bitcoin is in a super rally on Wednesday, touching its highest level in a month thanks to significant cooling in US inflation data. Broadly, crypto markets are on a bull run with the focus now shifting toward the FOMC policy meeting. Bitcoin which holds dominance in theRead More →
