NEW DELHI: As Indian banks and cryptocurrency exchanges continue their love-hate relationship, with some lenders showing strong aversion to associating with these bourses, one crypto exchange has found an innovative way to draw investors. After launching a product that allows investors to deposit cryptocurrencies like bank fixed deposits to earn interest, ZebPay has decided to … Read more
LONDON: A growing number of crypto asset firms are abandoning attempts to register with Britain’s financial regulator as global scrutiny of the rapidly-growing sector intensifies. The Financial Conduct Authority (FCA) banned Binance, one of the world’s biggest crypto exchanges, on Friday from conducting any regulated activity in Britain as regulators across the world bolster oversight … Read more
SAN SALVADOR: The young president of small Central American nation El Salvador leapt to worldwide fame this week after his country became the first in the world to adopt bitcoin as legal tender, but Nayib Bukele is no stranger to controversy. Cryptocurrency fans across the globe celebrated when his bill was swiftly approved by lawmakers … Read more
By Sonali Basak The leader of one of the largest crypto exchanges in the U.S. sees Elon Musk’s impact on the industry as a positive — even on a bad day. “Whether he’s pushing markets up or down, that’s probably good in the long term,” Binance.US Chief Executive Officer Brian said in a Bloomberg Quicktake … Read more
NEW YORK: Dogecoin, a meme-based cryptocurrency popular among retail investors, surged on Wednesday, benefiting from news that digital asset exchange Coinbase will make the crypto unit available to its users on its trading platform. Coinbase said on Tuesday it will immediately accept inbound transfers of dogecoin Coinbase Pro, a trading venue for professional traders. Dogecoin … Read more
NEW YORK: Even by Bitcoin‘s standards, Wednesday was pretty wild. The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 … Read more
By Brandon Kochkodin Wild stock swings, spikes in Treasury yields, startling economic readings? Interesting, sure. But if you really want to get people’s attention right now, you need to tell them a story about crypto. And there have been a lot of those. Even for a market that’s famous for its wild volatility and gimmicks, … Read more
By Matthew Leising Cryptocurrencies like Bitcoin and Ether will co-exist “for a while” with more-restrictive digital coins such as the one issued by China’s central bank, according to Changpeng Zhao, chief executive officer of Binance. Zhao, who runs the world’s largest Bitcoin exchange, said digital assets issued by central banks will be different than public … Read more
By Vildana Hajric and Lu Wang Bitcoin is facing a make-or-break moment following a recent bout of selling, according to technical analysis. Though the cryptocurrency has rebounded above its average price over the past 100 days, it’s still trading below its 50-day moving average. Such a dynamic typically indicates an asset is nearing an inflection … Read more