Bitcoin is continuing to advance and stabilize, rising above the $31,000 mark, after languishing over the weekend with the largest cryptocurrency gaining as much as 5.4% on Monday to $31,553. Ether is advancing higher and up 5.6% with a number of altcoins also in the green — Solana, Avalanche, Cardano are all up 11% today…
New York lawmakers have passed a milestone environmental measure designed to tap the brakes on the spread of cryptocurrency mining operations that burn fossil fuels. Both supporters and opponents say that the closely watched bill, approved early Friday by the state Senate, is the first of its kind in the U.S. If it becomes law,…
A milestone measure that would tap the brakes on the spread of cryptocurrency mining operations burning fossil fuels in New York has passed the state Legislature. The bill approved early on Friday by the state Senate would establish a two-year moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive…
More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report on Friday. Nearly half the people who reported losing digital currencies in a scam said it started with an ad, post or a message on a social media platform,…
More than 46,000 people reported losing over $1 billion in cryptocurrency scams since the start of 2021, the Federal Trade Commission (FTC) said in a report on Friday. Nearly half the people who reported losing digital currencies in a scam said it started with an ad, post or a message on a social media platform,…
Leading crypto exchange Coinbase, which halted payments via unified payments interface (UPI) mode on its app in India in April, on Friday announced to pause hiring for as long as the global macro-economic factors remain in place. The company also revoked accepted offers from some candidates who haven’t joined it yet. “After assessing our business…
Crypto company CoinSwitch on Thursday launched what it said is India’s first benchmark index to measure the performance of Indian Rupee-based crypto market. Crypto Rupee Index (CRE8) tracks eight crypto assets representing over 85 per cent of the total market capitalisation of digital assets traded in the Indian Rupee. The index, available at coinswitch.co/crypto-index, is…
Ahead of the government coming out with a consultation paper on cryptocurrencies, Reserve Bank Deputy Governor T Rabi Sankar on Thursday said the soon-to-be-introduced central bank digital currencies (CBDCs) can “kill” whatever little case that exists for private virtual currencies like Bitcoin. Sankar also attacked ‘stable coins’ which are pegged to a particular currency. The…
By Howard Schneider NEW YORK (Reuters) – Digital money, a curiosity just a few years ago, is emerging as an intense concern among central banks with the potential to erode the power of monetary policy, and even in the best of worlds likely to make control of interest rates more difficult, according to new Federal…
The finance ministry has nearly completed its work on a planned consultation paper on cryptocurrency, and will submit the document soon, Economic Affairs Secretary Ajay Seth said on Monday. Speaking at an event, Seth also said that India was better poised than other nations to deal with global inflationary headwinds and that inflation was expected…
