Dogecoin in spotlight as cryptocurrency backer Elon Musk makes ''SNL'' appearance
On crypto data tracker CoinGecko.com, dogecoin has jumped more than 800% over the last month and is now the fourth-largest digital currency, with a market capitalization of $81 billion. It was last up nearly 14% on the day at $0.62.
May 08, 2021, 16:11 PM IST
Govt should allow cryptocurrencies, says former finance secretary S C Garg
Cryptocurrencies are digital or virtual currencies in which encryption techniques are used to regulate the generation of their units and verify the transfer of funds.
May 06, 2021, 19:42 PM IST
A sigh of relief for crypto investors! NPCI scraps crypto ban idea, leaves it to banks
NPCI’s decision has come at a time when a few banks in India have decided to pull the plug on crypto trading platforms.
May 06, 2021, 16:17 PM IST
Bitcoin jumps 8%, on course to snap five days of losses
Bitcoin was last up 6.7% at $52,452 after touching its lowest since early March on Sunday. Other major coins, ethereum and XRP, which tend to move in tandem with bitcoin, were up around 5% and 11% respectively. Bitcoin has lost over 19% from its April 14 record of almost $65,000.
Apr 26, 2021, 17:56 PM IST
Bitcoin tumbles below $50,000, other cryptos sink over Biden tax plans
Smaller rivals Ether and XRP fell 3.5% and 6.7%, respectively, while dogecoin, created as a joke for early crypto adopters and which had surged about 8,000% this year prior to this latest setback, was down 20% at $0.21, according to price and data tracker CoinGecko.
Apr 24, 2021, 17:21 PM IST
Bitcoin sinks below $50,000 as cryptos stumble over Joe Biden's tax plans
The selloff came after reports that the Biden administration was planning a raft of proposed changes to the U.S. tax code, including a plan to nearly double taxes on capital gains to 39.6% for people earning more than $1 million.
Apr 23, 2021, 15:33 PM IST
Jack Dorsey, Elon Musk bat for Bitcoin as future of renewable energy
Dorsey's digital payment services company Square and global asset manegement firm ARK Invest have jointly released a white paper on "Bitcoin as Key to an Abundant, Clean Energy Future".
Apr 22, 2021, 18:00 PM IST
Cryptocurrency update! Investors may get window to exit their holdings
The proposed legislation that is yet to be tabled in the Parliament might only legalise the cryptocurrency currently mooted by the Reserve Bank of India (RBI) while banning all others.
Apr 22, 2021, 16:06 PM IST
PayPal's Venmo launches crypto buying and selling
With more than 70 million customers, Venmo is one of the most popular payment apps in the United States, especially among younger consumers who use it to pay friends and family. It processed around $159 billion in payments last year
Apr 20, 2021, 18:10 PM IST
WeWork to begin accepting payments in cryptocurrencies
WeWork is the latest in a string of popular companies to announce plans to incorporate cryptocurrencies in their businesses. Visa Inc said last month it would allow payment settlements using cryptocurrency while PayPal Holdings Inc launched a crypto checkout service on March 30.
Apr 20, 2021, 17:53 PM IST
Bitcoin owners, now secure loans against your crypto investments
Currently, firms like EasyFi Network, Valud and Cashaa, among others, are offering loans against crypto investments in India.
Apr 18, 2021, 10:04 AM IST
Bitcoin hits record high before landmark Coinbase IPO
The world's biggest cryptocurrency, which has growing mainstream acceptance as an investment and a means of payment, rose as much as 5% on Tuesday. Smaller rival Ethereum also reached a record high of $2,205. Major firms including BNY Mellon, Mastercard Inc and Tesla Inc are among those to have embraced or invested in cryptocurrencies.
Apr 13, 2021, 15:43 PM IST
Cryptocurrency Exchange Coinsbit launches in India as Coinsbit India
Along with referral bonus, Coinsbit has planned other incentive programs as well.
Apr 12, 2021, 17:30 PM IST
Now buy a Tesla car and pay with Bitcoin, tweets Elon Musk
"You can now buy a Tesla with bitcoin," Musk said on Twitter. He also added that bitcoin paid to Tesla would not be converted into traditional currency.
Mar 25, 2021, 14:59 PM IST
Elon Musk declines offer over $1 billion to sell his techno song about NFTs
Elon Musk in a tweet said, "I am selling this song about NFTs as an NFT." The tweet also featured a small video in a loop that displayed "Vanity Trophy" with NFT at the top and HODL at the bottom. HODL is a term used by cryptocurrency lovers and retail investors to encourage peers to hold to a coin or shares in a company, instead of selling it off.
Mar 17, 2021, 12:59 PM IST
India to propose cryptocurrency ban, penalising miners, traders: Report
The bill will give holders of cryptocurrencies up to six months to liquidate, after which penalties will be levied, said the official, who asked not to be named as the contents of the bill are not public.
Mar 15, 2021, 09:11 AM IST
Bitcoin rises 6.6% to $61,074 in just 24 hours
This development comes after US President Joe Biden signed a massive $1.9-trillion stimulus bill which will dish out $1,400 cheque payments to most Americans, help the unemployed, expand public health care and garner funds for vaccination programmes. The cryptocurrency’s price is now up almost 1,400 percent from March 2020’s low of $4,000.
Mar 14, 2021, 13:31 PM IST
Cryptocurrency trading volumes jumped 17% in February: Report
Trading volumes jumped to $2.7 trillion in February, with volumes at major exchanges jumping over 35 per cent to $2.4 trillion, researcher CryptoCompare said. Smaller exchanges saw volumes slump by 36 per cent to $381 billion, suggesting growing consolidation of trading at larger venues.
Mar 05, 2021, 18:05 PM IST
Bitcoin heads for worst week since March, slumps 6 per cent
The world's biggest cryptocurrency slumped as low as $44,451 before recovering most of its losses. It was the last trading down 1.2 per cent at $46,525, on course for a drop of almost 20 per cent this week, which would be its heaviest weekly loss since March last year.
Feb 26, 2021, 17:23 PM IST
Rakesh Jhunjhunwala says he will never buy Bitcoin, Centre should ban Cryptocurrencies
The Government or Reserve Bank of India has not authorised any VCs as a medium of exchange. Further, the Government or any other regulator in India has not given license to any agency for working as exchange or any other kind of intermediary for any VC. Persons dealing in them must consider these facts and beware of the risks involved in dealing in VCs.
Feb 23, 2021, 16:23 PM IST
