Bitcoin traded steady on Friday as institutional demand through spot ETFs continued to support prices. Analysts said long-term holders and whales are accumulating despite weak retail participation. Ethereum and major altcoins traded mixed as investors stayed cautious. Market experts noted that sustained ETF inflows and stable support zones will be key in determining Bitcoin’s near-term direction amid lingering macro uncertainty
The BRICS group is planning to develop a digital payment network, backed by digital currencies. The aim is to bring a wave of de-dollarisation into effect.
The overall valuation of the crypto sector has risen by 5.17 percent in the last 24 hours. As of Tuesday, March 5, Bitcoin is trading at the high price point of $65,036 (roughly Rs. 53.9 lakh). Ether was trading at $3,450 (roughly Rs. 2.85 lakh). We are also seeing the rise of meme coins, with roughly seven meme coins now ranking among the top 100 cryptos by market cap.
Dilip Chenoy, the chief of the Bharat Web3 Association (BWA) has predicted better, in fact glowing days for India’s retail industry with metaverse technology now seeping-into the nation’s tech sector.
Nigeria’s House of Representatives Committee on Financial Crimes has reportedly summoned Teng on suspicions of the exchange’s potential involvement in money laundering and terror financing. The deadline for this meeting was supposed to be March 4, but news about this meeting having taken place hasn't yet come to light.
The overall valuation of the crypto sector stood at $2.38 trillion (roughly Rs. 1,97,27,808 crore) as of Monday, March 4. Bitcoin and Ether, both recorded small but notable gains. Cardano, Dogecoin, and Binance Coin tailed behind BTC and ETH on the profit-making side of the crypto chart.
Nokia is working to make its services and equipment capable of handling the coming times when Web3, Metaverse and Artificial Intelligence will take centre stage and demand more network. By 2030, Nokia estimates, the network demand is likely to increase between 22 percent to 25 percent.
The Shiba Inu team is working with cryptography firm Zama to create a new layer of encryption for its network. The aim is to increase the security quotient for this network. The move could set a mark for other Layer-2 blockchains to adopt similar methods too and secure their respective networks and communities as well.
Telegram has announced that it will be sharing ad revenues with channel owners. When advertisements displayed on a particular channel fetch revenue, 50 percent of it will be given to the owner of this channel in the form of Toncoins.
The overall crypto market cap rose by 6.90 percent in the last 24 hours. Bitcoin, as of Thursday, February 29 is trading at $61,746 (roughly Rs. 51.4 lakh). Ether’s trading value stands at $3,424 (roughly Rs. 2.83 lakh).
Magic Eden reportedly saw over 45,000 Bitcoin NFT buyers this month and over 97,000 sellers listed their Bitcoin NFTs on the platform. Statistics show that the sales of Bitcoin-based NFTs picked pace when the price point of BTC reached and exceeded $25,000 (roughly Rs. 20.7 lakh).
Sam Bankman-Fried's lawyer urged a judge on Tuesday to impose a lenient sentence for the FTX founder's conviction for stealing $8 billion (roughly Rs. 6,63,30 crore) from customers of the now-bankrupt cryptocurrency exchange, arguing clients would get most of their funds back.
Sumit Gupta, the CEO of CoinDCX has asked crypto enthusiasts to reach out with issue-solving ideas that could help expand the Web3 ecosystem in the country. People from India’s crypto industry have reacted positively to this initiave and have listed some urgent changes that could help the Web3 sector to explode to its potential in the country.
The overall crypto market cap rose by 1.90 percent in the last 24 hours. Bitcoin and Ether are rallying with profits. The US GDP prelim (QoQ) could introduce some volatility into the market, industry players have warned investors.
The Financial Stability Board (FSB) is laying importance to crypto policy work and AI as the G20 summit steps into its nineteenth year. Brazil took the reins of the G20 presidency from India in December 2023 and will continue to preside over the group for the next one year.
As Bitcoin is rising in value, its anonymous creator who goes by the pseudoname of Satoshi Nakamoto is also getting richer. Nakamoto’s estimated holding of 1,125,150 Bitcoin has breached the mark of $60 billion (roughly Rs. 4,97,301 crore) as of Tuesday, February 27.
The overall valuation of the crypto market rose by 6.05 percent in the last 24 hours. Bitcoin, as of Monday, is trading at its two-year high price point of $55,753 (roughly Rs. 46.2 lakh). Ether is trading at $3,220 (roughly Rs. 2.6 lakh). Most cryptocurrencies reflect gains except for stablecoins.
A report by Spherical Insights estimates the metaverse healthcare sector to boom to a nearly $500 billion market by the year of 2033. Built atop blockchain networks, metaverse ecosystems are fully functional virtual environments for people to work together and socialise in as digital avatars.
The overall crypto market cap dropped by 0.67 percent in the last 24 hours. Bitcoin, on Monday, February 26 is trading at $51,490 (roughly Rs. 42.6 lakh). Ether, meanwhile, is trading at $3,004 (roughly Rs. 2.49 lakh).
A US judge on Friday accepted Binance's guilty plea and more than $4.3 billion penalty for violating federal anti-money laundering and sanctions laws through lapses in internal controls at the world's largest cryptocurrency exchange.
The X account of MicroStrategy was hacked in the early hours of Monday, February 26. The account was flooded with posts showing links where people could click and register for the airdrop of Ethereum-based ‘so-called official’ MSTR token.
Social networking platform Reddit and Jack Dorsey’s fintech firm Block are two names that have recently disclosed information related to their BTC holdings and investments, which yielded profits for both.
The overall valuation of the crypto sector tumbled by 0.25 percent in the last 24 hours. As of Friday, February 23 – Bitcoin and Ether, both are trading in losses. Tron, Uniswap, and Dogecoin are also all trading in losses. Profit-making cryptocurrencies today include Shiba Inu, Stellar, and Cronos.
eBay has reportedly slashed 30 percent of its Web3 team. After acquiring the NFT marketplace KnownOrigin in 2022, eBay had absorbed the team running this NFT marketplace. In the last eighteen months since the acquisition however, tensions between the eBay team and the KnownOrigin team reportedly rose – leading to the present-day situation.
A US based crypto firm and industry group have sued the US Securities and Exchange Commission for overstepping its authority with regard to digital assets. The firm, Legilex, wants a US court to rule that listing pre-existing tokens will not violate securities laws.
The overall crypto market cap dipped by 1.42 percent in the last 24 hours. On Thursday, February 22, Bitcoin and Ether – both recorded losses. Most altcoins are trading in the reds on Thursday, these include Solana, Dogecoin, and Tron among others. Only a small number of cryptocurrencies managed to clock profits on Thursday. These include Tether and USD Coin.
Mastercard has reportedly decided to work with Swoo Pay, a mobile payments app focussed on emerging markets -- where people despite having access to Mastercard and Visa card, do not have access to Google Pay.
Devendra Fadnavis, the deputy chief minister of Maharashtra, has unveiled the ‘Mumbai Metropolis Metaverse’. The portal not only lets visitors navigate through the financial capital of the country, but also lets them indulge in games which include activities such as designing the city.
The overall crypto market cap slipped by 0.16 percent in the last 24 hours. Bitcoin recorded a small profit of 0.31 percent on February 21 to trade at $51,977 (roughly Rs. 43 lakh). With a loss of 2.05 percent, the value of Ether presently stands at $2,870 (roughly Rs. 2.3 lakh).
The UK government plans to get new rules governing stablecoins and staking services for cryptoassets approved by lawmakers within the next six months as pressure ratchets up to deliver on specific proposals ahead of an impending general election.
Ferrari, after opening payments in Bitcoin, Ether, and USD Coin in the US – has decided to add Dogecoin to the list of cryptocurrencies it accepts as payments for its high-end cars and merchandises.
In the last 24 hours, the overall crypto market cap only managed to grow by 0.05 percent. While Bitcoin is trading in minor losses, Ether managed to see small gains on Tuesday, February 20. Ripple, USD Coin, Cardano, and Dogecoin are trading in profits. Meanwhile, Shiba Inu, Litecoin, and Polygon are trading in losses.
In the last seven days, the value of the project’s native token WLD reportedly spiked by 140 percent. Presently, WLD’s market cap stands at $73,592,859,052 (roughly Rs. 6,10,873 crore).
Industry leaders in India believe that futures trading in crypto can be a great solution to help potential investors still trade in crypto without having to worry about the tax load. Indian crypto veterans Nischal Shetty and Avinash Shekhar, who recently released their Pi42 futures exchange, have weighed-in on the situation with insights.
The overall crypto market cap spiked by 5.32 percent in the last 24 hours. While Bitcoin is trading at $52,044 (roughly Rs. 43.2 lakh), Ether is trading at $2,792 (roughly Rs. 2.31 lakh).
CoinDCX has announced it has put in place an established desk to assist former Koinex members access their funds and transition onto its platform. The now-defunct crypto exchange has signed a Memorandum of Understanding (MoU) with CoinDCX to provide access to customers' assets.
The overall crypto market cap rose by 3.78 percent in the last 24 hours. While Bitcoin is trading close to $50,000 (roughly Rs. 41.4 lakh), Ether is trading at $2,642 (roughly Rs. 21.9 lakh) as of Tuesday, February 13. Market experts have advised caution to investors now that the market is fluctuating on an upward curve.
The RBI managed to see transactions worth Rs. 5.70 crore processed via the eRupee CBDC during the first four months of retail trials. The information comes just days after the RBI told the media that the eRupee CBDC is to be loaded with features supporting features for offline payments and programmability.
Ethereum’s upcoming Dencun upgrade is slated to be deployed at around 7:25pm IST (1:55pm UTC) on March 13. The update will be triggered when the Ethereum blockchain touches slot 8626176.
The overall valuation of the crypto sector dipped by 0.76 percent in the last 24 hours. While Bitcoin registered a small gain on Monday, February 12, Ether met with small losses. While the Bitcoin dominance on the market currently stands at 52.5 percent, Ether dominance stands at 16.7 percent.
Payments from crypto-related ransom attacks nearly doubled to a record $1 billion (roughly Rs. 8,304 crore) in 2023, blockchain analytics firm Chainalysis said on Wednesday. Scammers targeting institutions such as hospitals, schools and government offices for ransom pocketed $1.1 billion (roughly Rs. 9,133 crore) last year, compared with $567 million (roughly Rs. 4,708 crore) in 2022.
The overall valuation of the crypto sector spiked by 3.08 percent in the last 24 hours. On Friday, February 9 Bitcoin was trading at the price point of $46,275 (roughly Rs. 38.4 lakh). Bitcoin’s rally ignited an upward movement for all major cryptocurrencies on Friday. Ether is trading at price of $2,449 (roughly Rs. 2.03 lakh).
QX Lab AI, based in the UAE, is exploring the use cases of its hybrid GenAI technology, which includes investigating its integration with Web3. In conversation with Gadgets360, Tathagat Prakash, a Co-Founder of QX Lab AI called this Web3 exploration with AI ‘very exciting’. Prakash is the chief scientist behind Ask Qx.
The governor of RBI has reportedly planned to experiment with offline solutions to drive the adoption of CBDC in remote and rural areas of the nation. Das disclosed some plans on Thursday, February 8 – concluding the RBI-hosted three-day Monetary Policy Committee (MPC) meeting.
The overall crypto market cap went up by 3.31 percent in the last 24 hours. On Thursday, February 8, Bitcoin and Ether both recorded notable gains. This subsequently uplifted several, in fact, most altcoins.
Zebpay CEO Avinash Shekhar and WazirX founder Nischal Shetty have launched a new crypto-INR Futures Exchange called ‘Pi42’ on Wednesday, February 7. Pi42, as disclosed by its founders, has already been registered with the FIU – which means Indians can start trying it out.
The overall crypto market cap rose slightly by 0.52 percent in the last 24 hours. While Bitcoin registered losses, Ether reeled-in small gains on Wednesday, February 7. Ripple, Cardano, Avalanche saw losses. Profits were reflected by Litecoin and Monero.
Yuga Labs accused Ripps and Cahen of copying the designs of its BAYC NFTs for their own separate line of digital collectibles named Ryder Ripps BAYC (RR/BAYC) in May 2022. The two parties have been embroiled in an intense legal battle ever since.
Decentralized finance - DeFi - is getting a second wind. The amount of money deposited in this breed of crypto projects has leapt in recent months, swept up by a rally in Bitcoin driven by the launch of spot Bitcoin ETFs in America.
In the last 24 hours, the overall crypto market cap rose by 0.25 percent. Bitcoin and Ether, both recorded small gains on Tuesday, February 6. Small profits are also reflected by Ripple, Dogecoin, Chainlink, and Tron. Meanwhile, Avalanche and Polkadot saw losses on Tuesday among other cryptocurrencies.
CoinDXC is marking India’s Safer Internet Day with a campaign to spread awareness around potential crypto crimes. The campaign utilises various channels and formats including social media to educate users and new investors.
