The New York Stock Exchange has filed an application to register the term ‘NYSE’ for a marketplace for non-fungible tokens (NFTs), taking a step closer to setting up an online trading place for cryptocurrencies and NFTs. The hype around cryptocurrencies last year spilled over to NFTs, a form of speculative investment that has attracted fans…
Elon Musk has revealed that billionaire investor and Vice President of Berkshire Hathaway Charlie Munger once told him that Tesla would fail. On Wednesday, the 98-year-old investor said cryptocurrencies should have been banned and likened it to “venereal disease”. Responding to his comments, Musk, a crypto supporter, recalled the time when Munger said Tesla could…
President Nayib Bukele on Wednesday asked U.S. senators to stay out of El Salvador’s “internal affairs” after they called for an investigation into the economic risks the United States faces due to the Central American country’s adoption of bitcoin as legal tender. Senators Jim Risch, Bill Cassidy and Bob Mendez asked the State Department to…
Bitcoin rose to more than $44,000 for the first time since the end of last week as optimism over an easing of tensions around Ukraine renewed investors’ appetite for riskier assets. The largest cryptocurrency by market value strengthened as much as 5.2% to $44,449. Other digital tokens also increased, with Ether jumping 7%, Solana up…
Sansad TV, which broadcasts live Lok Sabha and Rajya Sabha proceedings, on Tuesday said its YouTube channel was compromised due to unauthorised activities by “some scamsters”. In an official statement, the broadcaster said the channel’s name was changed to “Ethereum” (a crypto currency) by the attacker. Later, YouTube started “fixing the security threats permanently” and…
The recent guidance provided by the US Treasury Department on transaction reporting by crypto companies is shining some light on staking — one of the least understood but hottest corners of the digital-asset world. Treasury indicated on Friday that “stakers” would be spared from forthcoming rules that are more targeted for brokers rather than investors…
Finance Minister Nirmala Sitharaman on Monday said discussions with regard to central bank-backed digital currency have been going on with the Reserve Bank and a decision will be taken after due deliberations. Sitharaman in her Budget speech on February 1 had announced that Digital Rupee or Central Bank digital currency (CBDC) would be issued by…
Finance Minister Nirmala Sitharaman on Friday said the government has sovereign right to tax profit made from cryptocurrency transactions, and the decision on banning or not banning will be taken based on feedback from consultations. Replying to the general discussion on Union Budget, the minister said, “I am not going to legalise it or ban…
Binance Holdings Ltd., parent of the world’s largest cryptocurrency exchange, is making a strategic investment of $200 million into the more than 100 year-old news publisher Forbes. Patrick Hillmann, Binance’s chief communications officer, and Bill Chin, head of Binance Labs, its venture capital arm, will join the Forbes.board when the transaction closes. Forbes.agreed to go…
Cryptos don’t have any underlying value, not even a tulip: RBI Governor RBI Governor Shaktikanta Das on Thursday made it clear that private cryptocurrencies are a threat to macroeconomic and financial stability, and undermine its ability to deal with challenges on the two fronts. Cautioning investors, the governor said such assets have no underlying whatsoever,…
