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New Delhi, India: Even as investors dumped the largest digital token, Bitcoin, the cryptocurrency market edged upward on Thursday. In the meanwhile, investors remained cautious ahead of critical economic data. With the exception of Bitcoin and Polkadot, all of the top ten digital tokens were trading higher around 9.30 IST. Terra increased by 11%, while … Read more
Scammers will be able to take advantage of the growth in casual investors who do not completely understand the complexities of how cryptocurrencies function, according to Norton. According to Norton, cyber activism will gain traction in the coming year, and crypto frauds will undoubtedly expand as more people invest. Scammers would also target people affected … Read more
WhatsApp has introduced a new trial programme that allows a “limited number” of individuals in the United States to send and receive money using cryptocurrencies from within a chat. Payments are done using Pax Dollars (USDP), a stablecoin pegged to the US dollar produced by Paxos, which is enabled by Novi, Meta’s digital wallet that … Read more
US authorities confiscated $2.3 million (about Rs 17 crores) in cryptocurrencies linked to the notorious hacker organisation ReVil. The defendant has been identified as a Russian national suspected of being linked to the ransomware group REvil. REvil ransomware is a file-encrypting malware that encrypts files and deletes ransom requests after infection. The message asks that … Read more
According to a Bloomberg article citing people familiar with the situation, the central government is considering giving Indian cryptocurrency holders a deadline to declare holdings and comply with upcoming new restrictions. Given that cryptocurrencies can potentially be classed as a financial asset, SEBI (Securities and Exchange Board of India) would apparently be enlisted to oversee … Read more
As the first week of December draws to a close, market sentiment in the cryptocurrency market has turned from greed to extreme anxiety, as the market leader Bitcoin (BTC) fell by 26% over the weekend, contrary to expectations. Etheruem and other big cryptocurrencies have lost more than 20% in response to the BTC price action. … Read more
On Tuesday, December 6, the global cryptocurrency market resumed its downward trend, bringing forward losses from the weekend as traders shied away from the business because to concerns about the Omicron form of Covid-19. In the face of the new variation threat, investors turned to safety assets like gold rather than risky ones like bitcoin. … Read more
The government’s Cabinet note on the proposed cryptocurrency bill suggests regulating private cryptocurrency rather than outright banning it. The government’s Cabinet note on the proposed cryptocurrency bill suggests regulating private cryptocurrency rather than outright banning it. Cryptocurrencies will not be recognised as legal tender in India, according to the memo. According to the letter, the … Read more
In the midst of the uncertainties surrounding the future of cryptocurrencies in India, Infosys Chairman Nandan Nilekani remarked on December 1 that crypto assets may be utilised to increase financial inclusion. “There is a role for crypto as assets,” Nilekani, who co-founded Infosys, said at the Reuters Next Conference. “But they obviously will have to … Read more
Bill 2021 in Parliament on Cryptocurrency and Official Digital Currency (Updates): During the current Winter Session, the government will introduce the long-awaited ‘The Cryptocurrency and Regulation of Official Digital Currency Bill 2021’ in Parliament. The bill could be introduced within the next few days. It is not on the Lok Sabha’s updated ‘List of Business’ … Read more