Bitcoin surges to fresh record high above $73,000 post US CPI data

Bitcoin surges to fresh record high above $73,000 post US CPI data

Bitcoin hit a new all-time high on Wednesday, surpassing the $73,000 mark as investors mostly shrugged off slightly hotter-than-expected U.S. inflation, betting it won’t derail interest rate cuts expected by the middle of the year. In the last 24 hours, Bitcoin jumped to an intraday peak of $73,127. It was last 0.9% higher at $72,920 … Read more

Soaring Bitcoin set for sharpest monthly jump since 2020

Soaring Bitcoin set for sharpest monthly jump since 2020

SINGAPORE – Bitcoin headed for its biggest monthly gain in more than three years on Thursday and is within range of a record high as cash rushing to listed bitcoin funds propels a strong rally. The largest cryptocurrency by market capitalisation was firm in Asia morning trade at $62,000, having changed hands at as high … Read more

Crypto Price Today: Bitcoin falls below $37,400; Solana, Polygon shed up to 3%

Crypto Price Today: Bitcoin falls below $37,400; Solana, Polygon shed up to 3%

The major crypto tokens were trading in the red on Monday, dragged by the losses in Bitcoin and Ethereum. Meanwhile, the global cryptocurrency market cap declined 1.26% to around $1.42 trillion in the last 24 hours. At 9.45 a.m., BTC was trading 1.05% lower at $37,321, while the second most popular token, Ethereum, was down … Read more

Bitcoin’s grip on crypto eases after climb in smaller tokens like XRP

Bitcoin’s grip on crypto eases after climb in smaller tokens like XRP

Speculative crypto demand is widening beyond Bitcoin’s revival. Gauges tracking the bottom half and 30 mid-tier tokens in MarketVector’s index of the largest 100 digital assets are up 16% and 14% respectively so far in November — exceeding the wider measure’s 4% gain and a 1% rise in Bitcoin. As a result, Bitcoin’s share of … Read more

Sam Altman’s Worldcoin aims to set up global ID network akin to India’s Aadhaar

Sam Altman’s Worldcoin aims to set up global ID network akin to India’s Aadhaar

Worldcoin, the cryptocurrency project set up by OpenAI CEO Sam Altman, aims to establish a global ID network akin to India’s Aadhaar biometric ID system, a senior employee told Reuters. More than 2.4 million people have signed up to have their irises scanned by Worldcoin’s “orb” devices in exchange for a digital ID and free … Read more

G20 greenlights multilateral development bank reforms, crypto rules

G20 greenlights multilateral development bank reforms, crypto rules

Marrakech, Morocco: The G20 finance ministers and central bank governors (FMCBG) agreed to “ambitious efforts” for substantially reforming and strengthening multilateral development banks (MDBs), including increasing their lending capacity. They also adopted a road map for the regulation of crypto assets, marking significant progress on India’s G20 agenda. “…The G20 finance track saw key achievements … Read more

IMF-FSB synthesis paper unveils crucial policy recommendations for VDA stability

IMF-FSB synthesis paper unveils crucial policy recommendations for VDA stability

India’s G20 presidency has focused on global collaboration regarding virtual digital assets. The IMF and the FSB created this paper at the request of the Indian G20 Presidency to synthesise the IMF’s and the FSB’s (together with the SSBs‘) policy suggestions and criteria. The paper offers a comprehensive set of policy and regulatory recommendations aimed … Read more

Information asymmetry can lead to big losses for crypto investors

Information asymmetry can lead to big losses for crypto investors

As the world transitions from Web2 to a decentralized Web3, there seems to be a wide-spread conviction in the promise of virtual digital assets (VDAs). One of the most popular uses of VDAs is for investments and trading which was boosted by the rapid appreciation in their value experienced in 2021. Various surveys indicate that … Read more

FTX founder Sam Bankman-Fried goes to jail as judge revokes bail

FTX founder Sam Bankman-Fried goes to jail as judge revokes bail

FTX founder Sam Bankman-Fried left a federal courtroom in handcuffs on August 11 when a judge revoked his bail after concluding that the fallen cryptocurrency wiz had repeatedly tried to influence witnesses against him. Bankman-Fried drooped his head as Judge Lewis A. Kaplan explained at length why he believed the California man had repeatedly pushed … Read more