Synopsis The opening up of NFTs as another digital asset class is an amazing development. On one hand, it is unlocking economic assets and their uses, and on the other hand, it is enabling access to such assets that otherwise had a price barrier to affordability. ET CONTRIBUTORSThe craze for NFTs or non-fungible tokens, which […]

Synopsis This month we had some good news too for BTC, El Salvador started building an infrastructure which would facilitate the BTC as legal tender. UAE is leading the crypto wonder with trading in Dubai free zones approved by the regulators and even Ukraine adopted laws which will make movement and usage of cryptocurrency easier. […]

Synopsis While China has been putting in place increasingly stricter rules on virtual currencies, it has now made all activities related to them illegal and sent a signal of intent they plan to get even tougher on enforcing the rules. China does not recognise cryptocurrencies as legal tender and the banking system does not accept […]

Synopsis Digital currencies sold off after China’s central bank said all cryptocurrency-related transactions were illegal, according to a Q&A statement on the People’s Bank of China’s website. Bitcoin, the largest digital coin, fell as much as 8.9%, while Ether lost near 13%. The Bloomberg Galaxy Crypto Index, a gauge of some of the most-prominent cryptos, […]

Synopsis Wood, who has said that bitcoin will rally to $500,000, has slightly more than $1 billion invested in cryptocurrency trading firm Coinbase Global Inc, a position that makes up approximately 4.7% of her $21.7 billion fund. Shares of Coinbase fell more than 1.5% on Friday after Chinese regulators announced a blanket ban. That strong […]

Synopsis Shares in the cryptocurrency exchange closed on Friday at their lowest since Aug. 3 after China banned all crypto-related transactions. It’s the latest of several events that have pushed the stock 39% below its opening levels on April 14, the day it went public via direct listing. Coinbase bonds also fell to fresh lows. […]

Synopsis In an interview with ETMarkets.com, former RBI Governor Dr D Subbarao said RBI’s concerns over cryptocurrencies like Bitcoin are three-fold. RBI ex-Governor D. Subbarao Related RBI’s CBDC must not bear interest, else it will break banking system: Subbarao Top cryptocurrency prices today: Bitcoin trades flat; XRP, Solana fall up to 3% Fed to release […]

Synopsis The largest cryptocurrency was last down 4.6 per cent at $42,874, with smaller coins that typically trade in tandem with bitcoin also tumbling. Ether fell over 8 per cent while XRP slipped 7 per cent. The People’s Bank of China also said it will bar financial institutions, payment companies and internet firms from facilitating […]

Synopsis Ten Chinese government agencies, including the central bank as well as banking, securities and foreign exchange regulators, said in a joint statement that they would work closely to maintain a “high-pressure” crackdown on speculative trading of cryptocurrencies. The PBOC also barred financial institutions, payment companies and internet firms from facilitating cryptocurrency trading. Related Bitcoin […]