By Eric Lam and Crystal Kim Ether, the second-largest cryptocurrency, soared to a record above $4,400 Friday on bullish sentiment surrounding the most used blockchain network. The digital asset gained as much as 4.8% to $4,459.20, topping the previous record of $4,379.62 in May. The token traded around $4,387 as of 2:41 p.m. in New … Read more
New Delhi: The cryptocurrency cart continued to show mixed signs on Wednesday despite the slow and steady upward movement in numero uno digital token Bitcoin. Six out of the top 10 cryptocurrencies were higher at 9.30 hours IST, whereas the remaining four tokens were trading in the red. Bitcoin rose 2 per cent, but Dogecoin … Read more
Bitcoin (BTC) on Friday rose above the $60,000 level for the first time since April as investors celebrated the anticipated US SEC approval for trading of Bitcoin futures exchange traded fund (ETF) in the coming week. BTC’s daily high of $62,600 brought it within 4 per cent of its all-time high of $64,800 with its … Read more
Bitcoin is flirting with a run toward its all-time high after jumping more than 90% since a low in July. The largest cryptocurrency was trading just above $57,000 as of 7:52 a.m. in London, some $7,700 shy of its April record. A recent rally in digital tokens like Bitcoin and second-ranked Ether contrasts with the … Read more
The past week has been yet another massively volatile week for the cryptocurrency market. The sleeping giant Bitcoin finally woke up and crossed the $55,000 mark marking a period of massive rally. Most of the other altcoins followed the momentum in the largest cryptocurrency. The largest altcoin, Ether, went past the $3600 mark. A message … Read more
By Michael McDonald and Ezra Fieser Bitcoin is undergoing the biggest test in its 12-year history as El Salvador becomes the first country to adopt it as legal tender Tuesday. Both enthusiasts and detractors of crytocurrencies will be monitoring the experiment to see if a significant number of people want to transact with Bitcoin when … Read more
Mumbai: The Reserve Bank of India may come out with a model on initial implementation of India’s sovereign digital unit, aka Central Bank Digital Currency (CBDC), as early as “the end of this year,” deputy governor T Rabi Sankar said on Friday. “These (CBDC) are extremely evolving technologies and business choices that one has to … Read more
By Joanna Ossinger and Vildana Hajric Bitcoin surged close to $40,000 as a flurry of short-covering intensified a rally apparently sparked by speculation over Amazon.com Inc.’s involvement in the crypto industry. A job posting from the retail giant seeking an executive to develop the company’s “digital currency and blockchain strategy” stirred questions among analysts over … Read more
By Eric Lipton and Ephrat Livni It is just after midnight in Hong Kong, and Sam Bankman-Fried stares at the trading data on his six monitors, watching a global cryptocurrency crash happening in real time. Bankman-Fried, a 29-year-old from California, often works around the clock, as he was on that May evening. He naps on … Read more
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