Cryptocurrencies have lost momentum as prices of popular virtual coins dipped sharply on Wednesday. The entire cryptocurrency market capitalisation has dropped by 4 per cent in the past 24 hours Bitcoin, which had crossed $50,000 for the first time since May on Monday, retreated yesterday due to profit-booking by…
Cryptocurrency prices fell amid increased volatility on Thursday as popular virtual coins struggled to find support. Bitcoin, the world’s most popular cryptocurrency, was down nearly 1 per cent from its value 24 hours ago at 2:00 pm. The cryptocurrency was trading at $44,663.95 and its market capitalisation dipped to…
HIGHLIGHTS A hacker had stolen around $610 million in crypto recently. Has has started returning the amount to platform. The platform has now offered the hacker a job. Almost about a week after a hacker stole $610 million from PolyNetwork in what was tipped to be the biggest hack in the DeFi or decentralised finance…
Cryptocurrency prices gained slightly on Monday after gaining steadily during the weekend. Most cryptocurrencies have maintained a positive momentum since last week including Bitcoin. Bitcoin, the world’s most popular cryptocurrency, was trading strong at over $47,200, up 2.93 per cent at 2:10 pm. Bitcoin has gained…
Unocoin, a domestic cryptocurrency exchange and wallet service provider, has come up with an innovative offer, allowing users to purchase consumer items like pizza, coffee, ice cream and more using Bitcoin. While the process does not involve a direct purchase, Bitcoin holders will be able to buy gift vouchers using the…
The price of popular cryptocurrencies kept rising on Wednesday as trading volumes continue to surge globally. Trade volumes recorded by the biggest cryptocurrency exchanges in the world including Coinbase have surged sharply. Coinbase Global Inc has reported a more than %1,500 per cent jump in quarterly trading volumes…
Cryptocurrency prices weakened on Tuesday as the virtual coin market saw increased profit-booking by investors. However, analysts suggest that the consolidation is minor and virtual coin markets will not witness a major impact due to it. Bitcoin, the world’s most popular cryptocurrency was trading at $38,582.30, down…
Two months after Ethereum co-founder Vitalik Buterin donated about $1 billion in cryptocurrency to an India Covid relief fund, about $20 million has been paid out so far. That may not sound like much, but between cashing out of an illiquid asset, complying with government regulations and getting the money to the right…
Britain’s financial regulator has said Binance, one of the world’s largest cryptocurrency exchanges, cannot conduct any regulated activity and issued a warning to consumers about the platform, which is coming under growing scrutiny globally. In a notice dated June 25, the Financial Conduct Authority (FCA)…
South American nation, Paraguay has become the second country after El Salvador to propose a bill to make Bitcoin legal tender. HIGHLIGHTS Paraguay has proposed a bill to make Bitcoin legal tender. Paraguay can become second nation to accept Bitcoin. Paraguay confident because of cheap renewable energy. South American…