Blockchain & crypto news from India
The United States Supreme Court has declined to review a case concerning the ownership of 69,370 Bitcoins, worth approximately $4.38 billion at current market value. These Bitcoins were seized by the US government from the illicit online marketplace Silk Road, which operated on the dark web. Battle Born Investments, a company claiming to have obtained…
Shaktikanta Das, the governor of India’s central bank, has said recently that their Central Bank Digital Currency (CBDC) has amassed more than 5 million users. However, there should be no rush to implement a system-wide CBDC. The chief official of the Reserve Bank of India spoke recently at a conference in Bengaluru on Monday. India’s…
On August 16, Bitcoin exhibited a lackluster performance at the opening of Wall Street. The price of BTC remained within a narrow range, failing to show any significant movement, while simultaneously, the gold market reached new record highs. Bitcoin managed to avoid revisiting the lows of $56,000 from the previous day, but it did not…
The Grayscale Ethereum Trust (ETHE) ETF has recently encountered a significant setback, reporting a notable single-day net outflow of $31 million. This substantial outflow represents a return to a negative flow scenario after a short-lived period of stability. The $31 million withdrawal marks a sharp reversal from the previous trend, highlighting a renewed period of…
Hong Kong’s digital banks are facing a crucial juncture. Despite their presence in the market, they only command a small share of the financial industry, holding a mere 0.3% of the total assets held by retail banks. This indicates a significant opportunity for growth and expansion in the digital banking sector. One of the significant…
The recent downturn in the cryptocurrency market has been connected to significant selling activity by Jump Trading. These findings were reported by QCP Group, an influential digital asset trading group based in Singapore. In the 24 hours preceding 11:20 am UTC, the value of Ether (ETH) experienced a significant decline, plummeting by over 21% to…
Around 75% of short-term Bitcoin investors are currently experiencing a profit, a situation that could potentially drive Bitcoin’s price even higher. The recent dramatic increase in the value of Bitcoin has been a source of great relief for short-term holders. This group had experienced a substantial decline in the value of their holdings, with over…
In a historic development, exchange-traded funds (ETFs) for Bitcoin in the United States have achieved a remarkable milestone by accumulating a total of over $17 billion in inflows. The remarkable milestone achieved sets a new precedent and emphasizes the escalating interest and investment in Bitcoin within the ETF market. Based on the data tracked by…
Over the past few months, the cryptocurrency market has been marked by substantial fluctuations and uncertainty. Despite a recent increase, the market capitalization remains 14% below its peak in March. In June, the total market capitalization experienced a significant 11.4% downturn, described as “brutal” in a report by Binance Research. This decline coincided with the…
Jack Booth, who serves as the marketing director for The Open Network (TON) Foundation, shared insights on the measures being implemented to secure TON’s Bitcoin bridge. This bridge will provide users with the capability to transfer their Bitcoin assets to TON, ensuring a seamless and secure transition. The TON Foundation made a significant announcement on…