Photo: News18
Crypto-Market Begins To Recover Following Recent Downturn
Bitcoin has dropped about half of its value since its November high and has been hovering around $30,000 for the past month. Some investors believe bitcoin has reached a bottom, based on the amount of money flowing into listed cryptocurrency funds, which represent a small portion of the market. Funds experienced an average weekly inflow of $66.5 million, reversing a disastrous April loss of $49.6 million.
Tags: Cryptocurrency, Bitcoin, Stock market, Downfall, Funds
Courtesy: NDTV
Photo: MarketWatch
Bitcoin Price Drops To 0.69% From 8% In Four Days
After a previous mini-rebound, Bitcoin's price decreased on June 1. Despite the drop, the world's largest cryptocurrency was still trading over the $31,000 threshold. This occurred despite continued fears about inflation and the possibility of a recession. Over the previous four days, Bitcoin has gained over 8%. But bitcoin was trading at $31,437.72, down 0.69% on June 1. While the majority of cryptocurrencies declined, Luna increased by over… read-more
Tags: Bitcoin, Crypto Currency, Stock market, Shares, Price
Courtesy: India Today
Photo: CNBC
Karnataka Bitcoin Case, Home Minister Says No links With It
The Bitfinex cryptocurrency hacking in August 2016 is under investigation by US agencies as USD 4.5 billion bitcoin was stolen. It was referred to the hacker being from Bengaluru who was arrested in November 2020. However, the home minister of Karnataka released a statement, “American agencies have arrested two US nationals a few days ago and have recovered the entire amount that was hacked from the Bitfinex exchange."
Tags: Bitcoin, Bitcoin Scam, Karnataka, Cryptocurrency, Indian cryptocurrency market
Courtesy: The Indian Express
Photo:RT
US Couple Arrested For Conspiring To Launder $4.5bn In Bitcoin
The FBI arrested a husband-wife, who conspired to launder cryptocurrency stolen from the 2016 hack of virtual currency exchange, Bitfinex. The department seized a record-shattering $3.6bn in bitcoin in a saga that has captivated the internet. The accused, Ilya Lichtenstein, 34, and his wife Heather Morgan, 31, were asked to make their initial appearances in federal court. Notably, they laundered 119,754 Bitcoins and initiated about 2,0000… read-more
Tags: Technology, Bitcoin, MONEY LAUNDERING, US, couple
Courtesy: Aljazeera
Photo: NDTV
PM Modi's Twitter Hacked; Hackers Say India Legalises Bitcoin
Prime Minister Narendra Modi's Twitter account was 'very briefly' hacked on December 12, said Prime Minister's Office in a tweet. Reportedly, the account was used to tweet saying, ''India has officially adopted bitcoin as legal tender.'' However, PMO said that the account has now been restored, and malicious tweets are deleted. ''In the brief period that the account was… read-more
Tags: PMO, Narendra Modi, Twitter account hacked, Twitter, Bitcoin
Courtesy: The Free Press Journal
Photo: Business Line
Centre Plans To Prohibit Cryptocurrency As Legal Transaction In India
Union Finance Minister Nirmala Sitharaman, on November 29, said that Central Government will not accept cryptocurrency as a legal tender. She clarified that the government does not collect data on bitcoin transactions in India. Moreover, the Centre will introduce Cryptocurrency Regulation of Official Digital Currency Bill, 2021 in the Winter Parliament Session, prohibiting all cryptocurrency holders in India with certain exceptions.… read-more
Tags: Cryptocurrency, Bitcoin, Indian Govt, FM Nirmala Sitharaman, crypto bill
Courtesy: News 18
Photo: AL Jazeera
El Salvador Plans To Built World's First 'Bitcoin City'
El Salvador's President Nayib Bukele announced plans to establish the world's first "Bitcoin City," funded by bitcoin-backed bonds. He assured that the cryptocurrency will help the Central American country attract investment. Moreover, Bukele stated that the city would use geothermal energy from a volcano and would not collect any taxes other than the value-added tax (VAT). "Invest here and make all the money you want," Bukele said.
Tags: el salvador, Nayib Bukele, Bitcoin, Cryptocurrency, bitcoin city
Courtesy: Reuters
Photo: NationaWorld
Bitcoin Falls More Than 4%, Nearing $60,000 In A Day
Bitcoin, the world's biggest and best-known cryptocurrency, reportedly fell to more than 4 percent on November 16. According to reports, the cryptocurrency was seen at an all-time high for a week nearing $69,000. Ether, the second-largest cryptocurrency was also reported to be down by 4.5 percent at $4,355.4. Analysts have said that the downfall is caused by profit-taking after the sharp run-up.
Tags: Bitcoin, Ether, Cryptocurrencies, net profit, cryptocurrency polygon
Courtesy: Reuters
Photo: The Print
Congress Demands Details Of 5,000 Bitcoins; Accuses Bengaluru Police Of Cover-Up
Corruption investigations have rattled the BJP government in Karnataka in recent days. Congress requested explanations regarding the whereabouts of over 5,000 Bitcoins related to the suspected hacker, accusing police of a major cover-up. In November 2020, Srikrishna Ramesh was arrested for using Bitcoin to buy narcotics on the dark web. Accusations that he was involved in a bitcoin robbery at the Bitfinex exchange have been dismissed by… read-more
Tags: Bitcoin, bengaluru, Karnataka, Congress, BJP
Courtesy: The Indian Express
Photo: The Balance
Bitcoin Surges By 7.5%, Reaches $67,630
Bitcoin, one of the most known crypto currency in the globe, set a historical record. As per the Trading Data, the price of Bitcoin hit an all time high above $67,000. The crypto currency on Binance increased by over 7.5 percent on November 8 to $67,630. Binance is known to be the largest crypto currency exchange in terms of trading volume.
Tags: Bitcoin, Cryptocurrency, Digital Currency, World news, Currency
Courtesy: United News Of India
