[ad_1] The past few days have been excessively volatile for the cryptocurrency market with the world’s largest cryptocurrency Bitcoin plunging to its lowest point since 2020. This comes after the world’s largest stablecoin—Luna and Terra depegged from its $1 value to 20 cents, causing bearish sentiments across the crypto market. According to Coinmarketcap, the entire […]
Continue Reading
[ad_1] India should desist from imposing an outright ban on crypto currencies and virtual digital assets, Confederation of Indian Industry (CII) president Sanjiv Bajaj said, noting that there can be positive uses for such products as well. “At CII, we believe that these are new innovative assets or tools or products that are coming out. […]
Continue Reading
[ad_1] Written by David Yaffe-Bellany The crypto executive Sam Bankman-Fried, who rose to fame by building a $40 billion business in less than three years, stood in the wings at the Baha Mar convention center, wearing his usual schlubby ensemble of shorts and a T-shirt. He was about to take the stage with Anthony Scaramucci, […]
Continue Reading
[ad_1] In the last few days, a stablecoin called TerraUSD and its sister currency Luna dropped about 80 per cent, rattling the broader crypto market including tokens like Bitcoin and Ethereum. Terra Luna is now almost worthless. This has created fear among investors, even aggressively bullish crypto investors are now panicking. Here are the five […]
Continue Reading
[ad_1] “I thought crypto is profitable. This has really taken a toll on my mental health.” Mumbai-based student Ajay Mutke sums up the feeling among thousands of crypto investors following the dramatic crash in the value of cryptocurrencies in recent days. The 26-year-old who borrowed Rs 50,000 from his father for investing in crypto, says […]
Continue Reading
[ad_1] Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets. Crypto assets have also been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. Sentiment is particularly […]
Continue Reading
[ad_1] Instagram users will now be able to showcase their blockchain art in the form of non-fungible-tokens (NFTs) on the platform, says a new report by Coindesk. According to the report, Meta-owned Instagram will integrate with Ethereum, Polygon, Solana and Flow blockchain networks to facilitate this. Users will have to add their crypto wallets such […]
Continue Reading
[ad_1] As cryptocurrency goes mainstream, everyone is talking about its impact on the environment. A single Bitcoin transaction has a bigger carbon footprint than 100,000 hours of YouTube videos. This is not just Bitcoin’s problem. Almost every other crypto coin that works on the Proof-of-Work (PoW) consensus mechanism faces the same issue—it is more energy-intensive. […]
Continue Reading
[ad_1] Gucci’s high-end handbags and other luxury products can now be bought using cryptocurrencies, including bitcoin, in some U.S. stores, the Italian company said, as digital currencies move to broader acceptance. Starting later this month, customers can pay with crypto at some of Gucci’s flagship stores, including Rodeo Drive in Los Angeles and Wooster Street […]
Continue Reading
[ad_1] Coinbase Global Inc (COIN.O) is opening up its non-fungible token (NFT) marketplace to all users, the U.S. cryptocurrency exchange said in a Twitter post on Wednesday, a platform which it had earlier rolled out for select users in the United States. Coinbase said its NFT marketplace is in the beta stage and the company […]
Continue Reading