NEW YORK (Reuters) – The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors. At midday, the market cap was at $2.02 trillion. Bitcoin was last up 1.4%…
Coinbase Global Inc, the largest U.S. cryptocurrency exchange, has received approval from regulators to list its shares on the Nasdaq, paving the way for a landmark victory for cryptocurrency advocates. The decision from the U.S. Securities and Exchange Commission (SEC) is another boost to the legitimacy of digital currencies, which are rapidly gaining acceptance from…
PayPal Holdings will announce later on Tuesday that it has started allowing US consumers to use their cryptocurrency holdings to pay at millions of its online merchants globally, a move that could significantly boost use of digital assets in everyday commerce. Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will…
Visa said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry. The company told Reuters it had launched the pilot program with payment and crypto platform Crypto.com and plans to offer…
Bitcoin and other cryptocurrencies rose after Visa Inc. said its payments network will use a stablecoin backed by the U.S. dollar to settle transactions, as blockchain technology gains more acceptance in the established financial system. As part of a pilot program, Visa is using USD Coin to settle transactions over Ethereum, with the help of…
Bitcoin fell amid a wider retreat in assets that had earlier ridden a wave of stimulus-infused optimism among retail traders. The largest cryptocurrency dipped 2% to about $52,850, a two-week low, as of 7:23 a.m. in London. The token is mired in its longest losing streak since December. The wider Bloomberg Galaxy Crypto Index is…
The Reserve Bank has “major concerns” on the cryptocurrencies traded in the market and has conveyed the same to the government, its governor Shaktikanta Das on Thursday said. Underlining that both the government and the RBI are “committed to financial stability”, Das said there are no differences between the central bank and the Finance Ministry…
The Ministry of Corporate Affairs (MCA) has made amendments to rules in the Companies Act, mandating firms to disclose their investments in cryptocurrencies, spend on corporate social responsibility (CSR), and benami property transactions, among others, in their financial statements from the next financial year. Companies will also have to disclose their relationship with struck-off firms…
What explains Pakistan Army Chief General Qamar Ahmed Bajwa’s call for India and Pakistan to bury the hatchet and make a new beginning? Is the overture for real? How should India respond given past disappointments? Shekhar Gupta assesses the geo-strategic options for both countries here Other views this weekend examine the implications of tectonic technology…
Fears are rife about the future of cryptocurrency industry in India. Offering little foresight, the government is working on a cryptocurrency legislation that may or may not allow cryptocurrencies like Bitcoin to flourish here. There is, however, some confidence that the Centre will allow, rather, promote, innovations around blockchain, the underlying technology for Bitcoin “We…
