cryptocurrency

UK’s FCA dismisses criticisms over crypto authorisations

The UK’s FCA rejects criticism over the authorization of cryptocurrencies

Crypto firms are scrutinized by the FCA for their ability to stop their operations being used for money laundering or terrorist financing. Cryptocurrency companies have not been deterred by their failure to obtain licenses to operate in Britain and are making new applications, the Financial Conduct Authority said on Thursday. The FCA has been criticized …

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Why crypto asset management makes sense for novice investors

Why Crypto Asset Management Makes Sense for Beginner Investors

The cryptocurrency market is a volatile beast. The rollercoaster of digital token prices recently saw Bitcoin fall from grace and then bounce back almost immediately. This volatility is the result of market manipulation, corporate bankruptcies and investor attacks. But it’s also exactly what makes cryptocurrencies so attractive to investors looking for high returns. Investing directly …

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Weekly Crypto Roundup: Ethereum’s Merge, India’s fintech, and a new crypto exchange

Weekly Crypto Roundup: Ethereum’s Merge, Indian Fintech and New Crypto Exchange

While many cryptocurrency traders were hoping for a surge in the price of Ether after the long-awaited change, the first 24 hours after the merger saw Ether fall by more than 8% to around $1,470. This week, the second-largest blockchain by market capitalization switched from a proof-of-work method of mining and processing transactions to a …

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Crypto Weekly Roundup: Bitcoin’s year in El Salvador, safe returns for Ronin, and straight talk for Celsius

Crypto Weekly Roundup: The Year of Bitcoin in El Salvador, Safe Returns for Ronin and Straight Talk for Celsius

This week is special because September 7, 2022 is the first anniversary of El Salvador formally accepting Bitcoin as legal tender – the first country in the world to do so. The day before the law went into effect, the price of Bitcoin was over $50,000. However, on Friday it cost $20,634.97 El Salvador’s Bitcoin …

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Crypto Weekly Roundup: A California bill-in-waiting, NFTs on Facebook, CoinSwitch Kuber speaks out on ED search

Crypto Weekly Roundup: California pending invoice, NFTs on Facebook, CoinSwitch Kuber talks ED search

This week brought Bitcoin back below $20,000 on Saturday, while Ether fell back below $1,600. Most of the top fifty cryptocurrencies and tokens by market capitalization also posted weekly losses as the sector grapples with more regulatory crackdowns. California Crypto Bill Awaits Signing This week, cryptocurrency investors focused on California, where the Digital Financial Assets …

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Weekly Crypto Roundup: Indian search parties, stolen NFTs, and courtroom battles

Weekly Crypto Roundup: Indian Search Actions, Stolen NFTs and Courtroom Battles

Despite the euphoria surrounding the Ethereum Merge in recent days, the price of the crypto market’s biggest assets, Bitcoin and Ether, has fallen this week. Bitcoin traded slightly above $20,000 and Ether just below $1,500 on Saturday. Project founders and managers have experienced more turbulence than cryptocurrency traders. No stone will be left unturned Indian …

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In India, 7.3% of the population owned digital currency in 2021, seventh highest in the world: U.N.

In India, 7.3% of the population owned a digital currency in 2021, the seventh highest in the world: UN.

Ukraine ranks first with 12.7%, followed by Russia (11.9%), Venezuela (10.3%), Singapore (9.4%), Kenya (8.5%) and the US (8.3%) ). More than seven percent of India’s population owns the digital currency, according to the United Nations, which said cryptocurrency use has grown at an unprecedented rate worldwide during the COVID-19 pandemic. The United Nations Trade …

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Hoisting flags to NFT collection: How Indians are celebrating 75th Independence Day in the metaverse

Flying the Flags for the NFT Collection: How Indians Celebrate 75th Independence Day in the Metaverse

As India gears up to celebrate its 75th Independence Day with Har Ghar Tiranga campaigns, all the metaverse users are ready to be a part of the celebrations albeit digitally. The ‘Har Ghar Tiranga’ campaign under the auspices of Azadi ka Amrita Mahotsav aims to encourage people to bring home the national flag and hoist …

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Weekly Crypto Roundup: titans clash, hacks continue, and sanctions hit home

Weekly Crypto Roundup: Titans Clash, Hacking Continues and Sanctions Hit

The week ended with Bitcoin (BTC) just below $24,000, as it was last week. And Ether (ETH) jumped 24% this week to remain below $1,900. However, the main crypto events of the past few days have had more to do with crypto exchanges and their owners The Binance-WazirX Clash India’s Enforcement Directorate (ED) has frozen …

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Closing off-chain fund transfers with WazirX: Binance

Closing off-chain fund transfers with WazirX: Binance

Effective August 11, Binance will stop supporting off-chain fund transfers between the WazirX exchange and Binance via the “Login with Binance” option after the Enforcement Directorate froze WazirX’s bank deposits worth ₹64.67 million Global crypto exchange Binance on Monday announced that it is closing off-chain fund transfers with WazirX, which is facing an investigation for …

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