TP ICAP, the world’s biggest interdealer broker, is launching a cryptocurrency trading platform with Fidelity Investments and Standard Chartered’s digital assets custody unit, the consortium said on Tuesday. Institutional investors have warmed to the crypto sector this year and the platform, which is due to launch in the second half of the year, will initially…
As the price of bitcoin increased by almost 400 per cent, cryptocurrency-related email compromise attacks increased by 192 per cent between October 2020 and May 2021, a report said on Tuesday. According to cloud-enabled security solutions provider Barracuda Networks, cybercriminals are taking advantage of the opportunities this creates for them to trick potential victims and…
The cryptocurrency aficionados’ mantra that Bitcoin is equivalent to digital gold is winning converts among the world’s biggest holders of the precious metal. In India, where households own more than 25,000 tonnes of gold, investments in crypto grew from about $200 million to nearly $40 billion in the past year, according to Chainalysis. That’s despite…
Warren Buffet, the greatest investor of all times, once junked bitcoins and in fact called them ‘rat poison squared’. Not many investors heed to this advice though; cryptocurrencies have generated a lot of interest for investors of all ages due to recent increase in value. It is estimated that roughly a crore Indians have invested…
Booming cryptocurrency firms say they’re struggling to find the right candidates to fill hundreds of positions as a frenzy of interest in digital currencies and other assets pits them against some of the world’s biggest financial institutions. Despite a rout in May, cryptocurrencies’ total market value is up 400% over the past year to about…
By Samuel Shen and Andrew Galbraith SHANGHAI (Reuters) – China’s sweeping ban on cryptocurrency mining has paralysed an industry that accounts for over half of global bitcoin production, as miners dump machines in despair or seek refuge in places such as Texas or Kazakhstan. “Many miners are exiting the business to comply with government policies,”…
SHANGHAI (Reuters) – China’s Ant Group sought to draw a distinction on Wednesday between non-fungible tokens (NFTs) available on its platforms and cryptocurrencies currently subject to a crackdown by Beijing, after users expressed confusion. Ant, the Jack Ma-controlled fintech group, put on sale two NFT-backed app images via its payment platform Alipay and the items…
John McAfee, the creator of the eponymous antivirus software, was found dead Wednesday in prison outside Barcelona, according to the Associated Press. He was 75. In recent years, McAfee became a prominent booster of cryptocurrencies, ran unsuccessfully for U.S. president, had numerous run-ins with the law and traded in extreme conspiracy theories. McAfee was discovered…
The Bitcoin Fund listed on the Nasdaq Dubai exchange Wednesday, the first of its kind to trade in the Middle East as cryptocurrencies grab attention globally. The stock closed at $38.30, up 10 per cent for the day, according to prices on Nasdaq Dubai’s website. The Canadian fund was the first of its type to…
Bitcoin’s tumble amid a broad crypto crackdown from China has pushed it below $30,000 for the first time since January, pulverising its entire 2021 gain. The original cryptocurrency has lost more than 50 per cent from its mid-April high of almost $65,000. That compares with a gain of about 12 per cent for the S&P…
