It referred to the collapse of TerraUSD and Luna cryptocurrencies that threw many investors into a panic in May.
The global market cap of cryptocurrencies sank below $850 billion, which recently hovered over $1 trillion.
Bitcoin (BTC) had reached an all-time high of over $68,000 in November 2021, and has fallen more than 60 per cent since then.
Bitcoin (BTC) had reached an all-time high of over $68,000 in November 2021, and has fallen more than 60 per cent since then.
Elon Musk-run Tesla comes second with about 43,000 coins. Galaxy Digital Holdings completes the top three with its ownership of 16,400 BTC.
We have always seen crashes as well as corrections in stock markets. Is that possible in crypto markets? The answer probably is no.
Bitcoin was more than 55 per cent down since its all-time high of $69,000 in November last year.
Ethereum, the second-biggest cryptocurrency in the world, has also fallen in value, down by more than 10 per cent in the last week.
Last year, Dorsey announced plans to create a new business focused on building an open developer platform for Bitcoin.
In the ongoing winter session of Parliament, the Centre aims to table the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, through which it seeks a ban on all private cryptocurrencies
From gold to crypto, it seems Indians are changing their investment preferences! According to the 2021 Global Crypto Adoption Index by blockchain data platform Chainalysis, India has ranked second, in a poll of nations that use cryptocurrency the most.
Bhubaneswar: Amidst the hype surrounding massive returns from crypto digital currency, Commissionerate Police on Monday arrested two persons for duping around Rs 15 lakh from people by luring them to invest in Bitcoins. This is reportedly the first of its kind Bitcoin fraud to be reported in Odisha while further investigation in this connection is […]
Twitter CEO Jack Dorsey has announced plans to consider making a hardware wallet for Bitcoin for the customers of its digital payments services company Square.
Bhubaneswar: While the mastermind behind the WannaCry ransomware is still at large, malware Locky has taken over systems around the world. The virus, like its predecessor, encrypts data of computers, hacks website and demands money through bitcoins to restore the data. Meanwhile, IT Minister Chandra Sarathi Behera has asked to adopt the same preventive measures […]
San Francisco: Facebook has banned ads that promote initial coin offerings (ICOs), cryptocurrency like Bitcoin and binary options trading from its platforms, including Instagram, Audience Network and Messenger. The new policy prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, Facebook said in a statement late on […]
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