The market status of Bitcoin slipped drastically throughout this year. In a new report, Glassnode has estimated that around 550,000 Bitcoin have left the crypto exchanges in 2022. As per BTC’s current value of $16,858 (roughly Rs. 13.9 lakh), BTC 550,000 amounts to $9.2 billion (roughly Rs. 76,760 crore). The…
The top two cryptocurrencies, Bitcoin and Ether, have not been able to show any significant price improvements, at least for over a week. Bitcoin on Friday slipped minorly by 0.09 percent to open trade at $16,823 (roughly Rs. 13.9 lakh). The first ever cryptocurrency, followed a similar market movement on…
Reserve Bank Governor Shaktikanta Das on Wednesday warned that allowing private cryptocurrencies to grow can precipitate the next financial crisis. Speaking at the BFSI Insight Summit in Mumbai, Das also said the government and the central bank have been working in a coordinated manner to tame inflation and the Centre is…
Bitcoin registered a loss of 1.50 percent on national and international exchanges on Friday, and the oldest cryptocurrency was trading at the price point of $17,406 (roughly Rs. 14.4 lakh). BTC, in the last 24 hours, has effectively lost up to $328 (roughly Rs. 27,168) to trade at current prices….
One day after majority cryptocurrencies recorded profits and the crypto market valuation rose by over three percent, the price charts for cryptocurrencies was hit by volatility once again. Bitcoin on Thursday, opened with a loss of nearly one percent. At the time of writing, BTC was trading at $17,716 (roughly…
El Salvador appears to be a step closer to issuing its Bitcoin Bond as President Nayib Bukele’s administration has released a digital securities bill for the bond to lawmakers. The island nation also plans to legalise all crypto assets under the new law. The Bitcoin Volcano Bond aims to draw…
Crypto exchange FTX filed US bankruptcy proceedings on Friday and Sam Bankman-Fried stepped down as CEO, after a rapid liquidity crisis at the cryptocurrency group that has prompted intervention from regulators around the world. The distressed crypto trading platform had been struggling to raise billions in funds to stave off collapse…
Subway, the largest franchise in the world by number of outlets, is reportedly tapping into the huge global Bitcoin fanbase by recognising it as a payment option. In this case, the fast-food restaurant chain is using the Bitcoin lightning network. Technically, the lightning network is a second layer added to…
Mastercard Michael Miebach has predicted that widespread adoption of cryptocurrencies is a long way away from becoming a reality. While maintaining an optimistic attitude towards the asset class gaining more popularity in the future, Miebach said that the formulation of apt laws is needed as soon as possible. The Mastercard…
The US authorities have declared one of their largest ever crypto recoveries after they managed to unearth 50,676 Bitcoins related to the infamous dark-web marketplace, Silk Road. The amount of the recovered Bitcoin comes close to the valuation of $1.04 billion (roughly Rs. 8,228 crore) at the time of writing….
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