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Tag "cryptocurrency"

Bitcoin plunges below $20K, may reach $10K level this year

Bitcoin plunges below $20K, may reach $10K level this year

🕔12:49, 28.Aug 2022

New Delhi, Aug 28 (IANS) After showing some stabilisation in the last few weeks, world’s largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell’s keynote address. Bitcoin initially showed little reaction to Powell’s remarks, but

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Now crypto lending platform Celsius Network files for bankruptcy

Now crypto lending platform Celsius Network files for bankruptcy

🕔13:34, 14.Jul 2022

New Delhi, July 14 (IANS) Cryptocurrency lending company Celsius Network, that recently laid off 150 employees, has now filed for bankruptcy in the US amid extreme market conditions. The platform said that it initiated voluntary Chapter 11 bankruptcy proceedings to provide

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Indian investors likely lost Rs 1,000 cr to fake crypto exchanges: Report

Indian investors likely lost Rs 1,000 cr to fake crypto exchanges: Report

🕔12:20, 21.Jun 2022

Fake cryptocurrency exchanges have duped Indian investors of more than $128 million (nearly Rs 1,000 crore) as the global crypto market tanks, a new report claimed on Tuesday. New Delhi, June 21 (IANS) Fake cryptocurrency exchanges have duped Indian investors of

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Bitcoin falls below $18K, Ethereum down 80% in freezing crypto winter

Bitcoin falls below $18K, Ethereum down 80% in freezing crypto winter

🕔12:35, 19.Jun 2022

Leading cryptocurrency Bitcoin dropped below $18,000 per digital coin on Sunday — a massive over 70 per cent drop from its record high of $68,000 in November last year — as mayhem in the crypto market continued. New Delhi, June

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Sitharaman raises fears cryptocurrency could be used to fund terror

Sitharaman raises fears cryptocurrency could be used to fund terror

🕔06:43, 20.Apr 2022

Finance Minister Nirmala Sitharaman on Tuesday raised doubts about the size of the cryptocurrency market worldwide and stressed the need for a regulatory mechanism acceptable to all countries to prevent its use to launder money and fund terrorism, which, she

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US blames N.Korean hackers for $625 mn crypto heist

US blames N.Korean hackers for $625 mn crypto heist

🕔13:02, 15.Apr 2022

Washington, April 15 (IANS) The US has blamed North Korean hacker group Lazarus for stealing $625 million in cryptocurrency from the Ronin Network, owned by developer group Sky Mavis. The FBI has also attributed Lazarus Group to the Ronin security breach

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Crypto tax regime indicates future of cryptocurrencies in India

Crypto tax regime indicates future of cryptocurrencies in India

🕔18:52, 1.Feb 2022

The announcement of the crypto tax regime by introducing flat 30 per cent taxation on income from crypto and digital assets in the Budget 2022-23 indicates the possible future of cryptocurrencies as a financial asset in the domestic markets in

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Crypto party over in India with 30% tax on digital assets

Crypto party over in India with 30% tax on digital assets

🕔15:29, 1.Feb 2022

Hitting hard private cryptocurrency exchanges and apps which are luring millions, especially the young, into investing their hard-earned money in Bitcoin and other digital tokens, the government on Tuesday announced a 30 per cent tax on any income from the

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Elon Musk chosen as Time’s person of 2021

Elon Musk chosen as Time’s person of 2021

🕔07:47, 14.Dec 2021

New Delhi, Dec 14 (IANS) Tesla Chief Elon Musk has been chosen as the “Time’s person of the year”. According to the magazine, Musk not only emerged as the world’s richest person in 2021 but “also as perhaps the richest example

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Global action needed to regulate technology like cryptocurrency: Sitharaman

Global action needed to regulate technology like cryptocurrency: Sitharaman

🕔07:55, 4.Dec 2021

New Delhi, Dec 4 (IANS) Finance Minister Nirmala Sitharaman on Friday said collective “global action” is the only way to regulate the evolving technologies, including the cryptocurrencies. Speaking at the InFinity Forum organised by Bloomberg and IFSCA, Sitharaman noted that no

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PM Modi cautions on cryptocurrency, says nations need to work together

PM Modi cautions on cryptocurrency, says nations need to work together

🕔11:36, 18.Nov 2021

New Delhi, Nov 18 (IANS) Prime Minister Narendra Modi on Thursday said that all democratic countries need to work together on cryptocurrency and ensure that it does not end up in the wrong hands. It is important that democracies work together,

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PM chairs high-level meeting on cryptocurrency, related issues

PM chairs high-level meeting on cryptocurrency, related issues

🕔22:38, 13.Nov 2021

New Delhi, Nov 13 (IANS) Prime Minister Narendra Modi on Saturday chaired a high-level meeting on cryptocurrency and related issues, government sources said here. According to the sources, the meeting was an outcome of a consultative process as the Reserve Bank

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Cryptocurrency Hyper Fund under govt scanner

Cryptocurrency Hyper Fund under govt scanner

🕔13:16, 18.Sep 2021

New Delhi, Sep 18 (IANS) The government is keeping a close eye on cryptocurrency floating in the market based out of the country folowing alert that agencies responsible to check financial fraud are watching a company called Hyper Fund. Sources said

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El Salvador 1st country to adopt Bitcoin as official currency

El Salvador 1st country to adopt Bitcoin as official currency

🕔06:49, 8.Sep 2021

San Salvador, Sep 8  El Salvador on Tuesday became the first country in the world to adopt bitcoin as an official currency. The central American nation announced that it plans to buy “a lot more” bitcoins soon. It purchased 200

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India needs its own crypto unicorns: Experts

India needs its own crypto unicorns: Experts

🕔08:05, 15.May 2021

New Delhi, May 15  Stressing that India needs smart and sensible crypto regulation, leading cryptocurrency players in the country on Friday urged the government against the ban and sought engagement to build consensus on crypto regulation. The government earlier indicated

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RBI flags major concerns over cryptocurrency

RBI flags major concerns over cryptocurrency

🕔17:07, 25.Mar 2021

New Delhi, March 25  Reserve Bank of India Governor Shaktikanta Das on Thursday said that the central bank has flagged major concerns over cryptocurrency to the government. Speaking at the Times Network India Economic Conclave, the Governor said that digital

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You can buy a Tesla with Bitcoin in US: Elon Musk

You can buy a Tesla with Bitcoin in US: Elon Musk

🕔16:27, 24.Mar 2021

San Francisco, March 24  Tesla CEO Elon Musk said on Wednesday that people in the US can now buy a Tesla with Bitcoins, and the option to pay with the popular cryptocurrency will be available to other countries later this

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UN & Dr Subramanian Swamy join BEGIN India Think Tank in India’s fight against High-Tech Cryptocurrency Crimes & Terror Funding

UN & Dr Subramanian Swamy join BEGIN India Think Tank in India’s fight against High-Tech Cryptocurrency Crimes & Terror Funding

🕔22:34, 11.Dec 2019

United Nations and Dr Subramanian Swamy join BEGIN India Think Tank in India’s fight against High-Tech Cryptocurrency Crimes & Terror Funding In a bid to arrest the growing menace of high-tech Cryptocurrency based Terror Funding, BEGIN India Think Tank has

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Facebook to launch its cryptocurrency next year: Report

Facebook to launch its cryptocurrency next year: Report

🕔07:08, 25.May 2019

London, May 25  Facebook, which owns WhatsApp and Instagram, is gearing up to launch its own cryptocurrency next year, the BBC reported on Friday. Called “GlobalCoin,” the cryptocurrency would work with a new digital payments system in about a dozen

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Cryptocurrency exchange Bithumb loses $30 mn after being hacked

Cryptocurrency exchange Bithumb loses $30 mn after being hacked

🕔14:20, 20.Jun 2018

Seoul, June 20 Seoul-based cryptocurrency exchange Bithumb on Wednesday announced it had lost over $30 million after being hacked, the second cyberattack in two weeks to hit a major South Korean bitcoin exchange, the media reported. “Bithumb said it had lost

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