Cryptocurrency

Led by Bitcoin, global cryptocurrency market crosses $2 tn for fi

Led by Bitcoin, the global cryptocurrency market has zoomed past $2 trillion in market capitalisation amid a surge in institutional demand. Bitcoin alone has contributed more than $1 trillion after its price more than doubled in 2021 and is currently hovering around $57,000 per digital coin. The other key cryptocurrencies — Ethereum, Binance Coin, Polkadot,…

Cryptocurrency market value surges to all-time high of $2 trillio

The cryptocurrency market capitalisation 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. By mid-afternoon, the crypto market cap was at $2.02 trillion. The surge was led by bitcoin, which hit…

Coinbase gets all-clear from SEC, setting stage for landmark cryp

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…

After Visa, PayPal Holdings launches cryptocurrency checkout serv

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…

RBI has major concerns on cryptocurrencies, flagged it to govt: G

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…

Govt mandates companies to disclose investments in cryptocurrenci

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…