Mumbai-based Indian cryptocurrency exchange WazirX, on Friday, said it hadn’t received a show-cause notice from the Enforcement Directorate. “WazirX is yet to receive any show-cause notice from the Enforcement Directorate as mentioned in today’s media reports. WazirX is in compliance with all applicable laws,” the company tweeted. A couple of hours before, ED had tweeted…
China arrested over 1,100 people in a sweeping crackdown on the use of cryptocurrencies for money laundering, adding to signs it’s further reining in crypto-linked activities. Police busted more than 170 criminal groups that used cryptocurrencies to launder money in telecom scams to avoid being tracked down, the Ministry of Public Security said in a…
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Bitcoin’s recent bounce has yet to dispel doubts about its vulnerability. The cryptocurrency has jumped 10% over two days and was trading at $36,993 as of 9 a.m. in London on Thursday. While the momentum may cheer bulls, a JPMorgan Chase & Co. team said backwardation in the futures market — where the spot price…
Global digital currency exchanges are exploring ways to set up in India, following in the footsteps of market leader Binance, industry sources told Reuters, while the government in New Delhi dithers over introducing a law that could ban cryptocurrencies. Opponents of the potential ban say it would stifle the economic power of a tech-savvy, young…
Bitcoin slumped to a two-week low, with some analysts pointing to the recovery of Colonial Pipeline’s ransom as evidence that crypto isn’t beyond government control. The largest token tumbled as much as 12.05 per cent to $31,623.98 (8.40 pm IST) in New York trading. The wider Bloomberg Galaxy Crypto Index fell as much as 12…
The returns from Bitcoin this year are sliding below traditional assets as cryptocurrencies struggle to claw back ground lost in a rout in May. The largest token tumbled almost 6% at one point in Asian trading Tuesday and was at a two-week low of about $33,000 as of 1:07 p.m. in Hong Kong. The wider…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Bitcoin funds and products posted record outflows last week as investors continued to cast a cautious eye on the world’s largest cryptocurrency, which has seen its upward momentum stall in the last few months, according to digital currency manager CoinShares data released on Monday. Bitcoin outflows hit $141…
Bitcoin’s wild gyrations in 2021 have made sure of one thing: The future of money will be electronic, but it won’t remotely resemble a cyberpunk utopia. People’s power will bow to sovereigns’ might. The mania and panic that have gripped decentralized cryptocurrencies are heightening the attraction of their coming rivals: digital cash, issued by central…
Twitter CEO Jack Dorsey has announced to consider making a hardware wallet for Bitcoin for the customers of its digital payments services company Square. The hardware wallet will be build entirely in the open, from software to hardware design, and in collaboration with the community, he said in a tweet on Friday. “Bitcoin is for…
