The crypto sector, which is currently valued at around $2.46 trillion, is beginning to garner interest from profitable institutional investors. In its latest report titled ‘The State of Crypto’, Coinbase states that 56 percent of the Fortune 500 companies are in some way or the other, testing the blockchain technology. Making for the underlaying technology…
South Korea is ramping up efforts to formulate rules to oversee the virtual digital assets sector, with the Financial Services Commission (FSC) spearheading the task of drafting these laws. Seoul’s new guidelines will result in regulators classify bulk or large scale non-fungible tokens (NFTs) as regular cryptocurrencies, under the Virtual Asset User Protection Act. South…
Itau Unibanco, touted as the largest bank in Brazil, has decided to open crypto trading services for its massive userbase of over 60 million. This step from Itau Unibanco comes after the bank tried offering this functionality to a small bunch of select users to check if users were interested in accessing this service at…
The United States Federal Trade Commission (FTC) has identified a rise in romance scams targeting the crypto community in the US. The FTC has clearly asked people to cut off from online love interests who may be discussing investment ideas, especially related to cryptocurrencies and other digital assets, with them. The regulatory trade body has…
Bitcoin on Monday, April 29 stepped into the trading rink at the price point of $63,192 (roughly Rs. 52.6 lakh) after recording a loss of 0.57 percent in India. On international exchanges such as Binance, Bitcoin is trading at an almost similar price of $63,102 (roughly Rs. 52 lakh). As per market analysts, Bitcoin’s short-term…
The cryptocurrency sector did not undergo any major change over the weekend. Bitcoin on Monday, May 6 found itself trading at $59,615 (roughly Rs. 49.7 lakh) in India, after managing to mint a negligible gain of 0.46 percent. In the last 48 hours, the value of Bitcoin has clocked a rise of $1,925 (roughly Rs….
Crypto startups are putting valuations in the fast lane with an aggressive form of fundraising that reflects the digital-asset industry’s recovery as well as a desire among venture funds to put money to work. This approach involves an open-ended, rolling fundraise that keeps the cash coming in and quickly lifts valuations, a contrast to the…
The timing for when exchange-traded funds (ETFs) tied to the cryptocurrency ether can begin trading depends largely on how quickly issuers respond to the U.S. Securities and Exchange Commission’s queries, Chair Gary Gensler said on Wednesday. The SEC last month approved applications from Nasdaq, CBOE and NYSE to list spot ether ETFs. It was a…
India’s trials of its eRupee digital currency are already in its advanced phases, paving way for its widespread adoption and use in the coming months. In a fresh development, RBI governor Shaktikanta Das disclosed some more intricacies about the eRupee while also giving hints about what RBI has in plans for this CBDC in the…
Bitcoin on Monday, May 20 showed up on the profit-making side of the crypto market reflecting an increase of 1.11 percent. While this profit seems small for now, BTC did manage to rise in value on both, national as well as international exchanges over the weekend. In India, BTC is trading around the price point…
