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…
The past few months have brought in price spikes for majority cryptocurrencies, bringing back investors’ interest into the sector. In its recent data, CoinShares showed that investment products backed by digital assets like NFTs and cryptocurrencies managed to garner $932 million (roughly Rs. 7,766 crore) in last week’s four-day period between May 13 and May…
GameFi, another jargon from the Web3 sector, now seems to be grabbing the attention of members of the Web3 and gaming communities. The concept of GameFi brings together two elements – gaming and finance. Games that fall under this category are based on blockchains and work on a decentralised approach. They offer players rewards in…
Bitcoin on Monday, May 27 saw a minor gain of around one percent. At the time of writing BTC was trading at the price point of $72,034 (roughly Rs. 59.8 lakh) on Indian exchanges like WazirX. Internationally however, Bitcoin is trading at a slightly lower price point of $68,772 (roughly Rs. 57 lakh). As per…
Coinbase, one of the largest crypto exchanges in the world, has decided to launch an educational and awareness initiative for technology users from around the world. Named ‘Tech Against Scam’, this initiative aims to inform the tech community about ways to safeguard themselves against frauds and online deceit – in an attempt to making the…
Argentinean officials are in dialogue with their counterparts from El Salvador to gain a deeper understanding on strategies and experiences in adopting Bitcoin. Last week, senior leadership of the Argentinian National Securities Commission (CNV) met with El Salvador’s National Digital Assets Commission (CNAD) to assess the impact of adopting Bitcoin on the economy over the…
The overall crypto chart showed the market trading rather flat today. Bitcoin on Wednesday, May 29 reflected a small gain of 1.28 percent. With this, Bitcoin is currently trading at $68,768 (roughly Rs. 57.2 lakh) on foreign exchanges like CoinMarketCap. Meanwhile, on national exchanges like WazirX, CoinDCX, and CoinSwitch, Bitcoin is trading around the price…
