Kyle Davies and Su Zhu, former traders with Credit Suisse, are among the world’s biggest cryptocurrency holders with a portfolio worth billions of dollars. The pair, who were high school classmates, together run a firm called Three Arrows Capital. Amid environmental concerns over mining, regulatory scrutiny and Elon Musk’s tweets, the price of bitcoin has seen some…
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The cryptocurrency market has been making noise by scaling new highs and lows in recent times. Ether is one such digital currency among the many that has intrigued the market players across the world, including India. With the Ether recording a new high this month, online searches for the digital coin have increased. The United…
Read More “Cryptocurrency | India Among Top Countries For Most Online Searches For Ether” »
Independent Tamil musician Kaber Vasuki has sold a phone demo of his song ‘Vasanam’ as a non-fungible token (NFT) for 50 ETH — valued at nearly Rs 1.5 crore at the time of sale. This is the biggest reported sale of an NFT by an Indian artist amid an unprecedented interest in digital works. The…
Read More “Tamil Musician Sells NFT Of Phone Demo For Rs 1.5 Crore To Metakovan Of Beeple Fame” »
Cryptocurrencies primarily use a distributed ledger technology called blockchain. Blockchain is fast gaining acceptance in areas such as identity management, smart contracts, supply chain management, etc. The World Economic Forum reports and surveys indicate that blockchain expertise appears to be the fastest-growing skill requirement opening up a huge career opportunity for professionals connected with this…
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The DubaiCoin cryptocurrency was “never approved” as the official digital currency, the Dubai government clarified on May 28. The website promoting Dubaicoin is an “elaborative phishing scam”, an official statement said. The clarification from the Dubai government comes in the backdrop of DubaiCoin soaring by 1,000 percent in its value, owing to a fake press…
The DubaiCoin cryptocurrency was “never approved” as the official digital currency, the Dubai government clarified on May 28. The website promoting Dubaicoin is an “elaborative phishing scam”, an official statement said. The clarification from the Dubai government comes in the backdrop of DubaiCoin soaring by 1,000 percent in its value, owing to a fake press…
As the cryptocurrency mania continues to grip old and new investors alike, JPMorgan CEO Jamie Dimon has said that his views haven’t changed and that people should avoid putting money into Bitcoin. At a virtual hearing hosted by the US House Committee on Financial Services on May 27, Dimon said that Bitcoin, the largest cryptocurrency…
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Kevin O’Leary, the popular Shark Tank judge, believes that institutional money will flow into bitcoin after miners address ESG concerns. ESG are three central factors used to measure the sustainability and societal impact of an investment in a company or business: environmental, social and governance. Speaking at a convention recently, O’Leary, popularly known as Mr Wonderful,…
Bitcoin, ethereum and other major cryptocurrencies are trading in the red, with volatility persisting in the market. US federal regulators have accused a group of people of promoting a securities offering tied to the digital currency that raised over $2 billion from retail investors without being properly registered. The Securities and Exchange Commission (SEC) filed the civil lawsuit…
Read More “Top Cryptocurrency Prices Today: Bitcoin, Ethereum, Dogecoin And More” »
The Paytm Payments Bank will disallow cryptocurrency transactions on its platform from May 21 evening as it “will stop dealing with cryptocurrency exchanges”, sources told The Economic Times. This comes after banks on May 20 said that they would no longer deal with crypto exchanges such as WazirX, BuyUCoin and Zebpay following an “informal” Reserve Bank…
