Bitcoin on Wednesday, January 17 minted a small gain of 0.07 percent. At the time of writing, the oldest and most expensive crypto asset was trading at $42,846 (roughly Rs. 35.6 lakh) as shown by Gadgets360’s crypto price tracker. In the last 24 hours, Bitcoin has managed to spike in price by $221 (roughly Rs….
The ongoing 2024 session of the annual World Economic Forum (WEF) in Davos has brought together leaders of global finance industry under one roof. The topic of cryptocurrencies is gaining major traction among speakers and attendees, with industry experts shading divided opinions around the niche and upcoming financial technology. Speaking at the event, RBI governor…
Mercedes, the German luxury carmaker has decided to express its stance on the controversial Web3 sector, in a rather bold and artistic way. In a revamp to its operating system, Mercedes-Benz has decided to include a digital gallery, showing off non-fungible tokens (NFTs). Built on blockchains, NFTs are digital collectibles that hold underlaying values, which…
The startup ecosystem of India, emerged as the third largest in the world, with over 99,000 recognised firms and 108 unicorns. In regard to the Web3 ecosystem, industry players have identified setbacks, that is slowing down the overall growth of the sector. As India observes the National Startup Day on Tuesday, December 16 – CoinDCX’s…
Indian crypto exchanges are reaping the benefits of the government opening compliance investigations on foreign crypto exchanges like Binance and Kraken. Over the last week, Indian crypto exchanges recorded a massive inflow of deposits, that has now opened a competition amongst Indian exchanges. CoinDCX, that claims to have seen a 2,000 percent hike in crypto…
A decline in US consumer inflation expectations kept the dollar rally in check on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year. In cryptocurrencies, bitcoin held near its strongest level since April 2022 on growing anticipation the Securities and Exchange Commission will imminently approve spot bitcoin exchange-traded…
Apple’s App Store, as of Wednesday, January 10 is not showing a number of foreign crypto exchanges like Binance and Kraken in India. Several members of India’s crypto community posted screenshots of their Apple Store searches on X, showing no results on the App Store. The development comes at a time when the government of…
Crypto asset manager Bitwise said on Friday that $240 million (roughly Rs. 1,990 crore) flowed into its spot bitcoin exchange-traded fund (ETF), the most of the 10 such products that began trading on Thursday. The U.S. Securities and Exchange Commission approved 11 spot bitcoin ETFs this week, including BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust,…
Bitcoin on Friday, December 12 clocked a loss of 1.05 percent – one day after the US SEC approved 11 BTC ETFs in a milestone decision for the global crypto sector. Bitcoin is presently trading at the price point of $46,066 (roughly Rs. 38.2 lakh). In the last 24 hours, the value of the asset…
US-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by the US securities regulator on Wednesday. The products mark a watershed moment for the cryptocurrency industry that will test whether digital assets – still viewed…
