Ethereum's dominance in crypto market up 20% after the 'Merge'
The historic upgrade of Ethereum, known as the 'Merge', last month will create a more energy-efficient network based on the second largest cryptocurrency with a promise to save the environment. According to niche news publisher BanklessTimes.com, the Ethereum merge created a lot of Buzz, with every crypto lover patiently awaiting its arrival.
ED freezes Bitcoins worth Rs 7.12 crore in E-nuggets case
The agency recently carried out search operations at two premises in Kolkata, leading to seizure of Rs 1.65 crore in cash and freezing of 44.5 Bitcoin (equivalent to Rs 7.12 crore as per exchange rate) and other incriminating documents under the provisions of the Prevention of Money Laundering Act (PMLA).
51% of daily Bitcoin volume on crypto exchanges fake: Report
Bitcoin is the blue chip of cryptocurrency and represents 40 per cent of the total crypto assets outstanding in the new and volatile crypto markets. Its market cap is currently at 382.25 billion. According to data provided by niche news publisher BanklessTimes.com, the majority of this fake Bitcoin volume is due to wash trading. Wash trading is illegal, where an asset is bought and sold simultaneously on the same platform to create false liquidity.
Coinbase paused transactions in US for hours, restored now
In a tweet, the company said they were unable to take payments or make withdrawals involving US bank accounts. "Our team is aware of this issue and is working on getting everything back to normal as soon as possible. You may use a debit card or PayPal account to make direct buys on your account should you wish," it posted late on Sunday.
Kolkata app fraud: ED seizes Bitcoin worth Rs 12.83 crore
The development came just hours after Kolkata Police confiscated Rs 14.53 crore from a cryptocurrency wallet of Amir Khan. However, the Bitcoin worth Rs 12.73 crore seized by the ED was not directly held by Khan, who instead used the cryptocurrency wallet of a local businessman to maintain the reserve against a commission.
Bitcoin plunges below $20K, may reach $10K level this year
Bitcoin initially showed little reaction to Powell's remarks, but then nosedived sharply and on Sunday, it was hovering around $19,975 per digital coin which is more that 60 per cent drop in its value since last year when it reached a record-high of $68,000 in November. Bitcoin prices had stabilised around the $23,000 to $24,000 level after plunging below $20,000 in June.
IAMAI dissolves Blockchain & crypto council amid regulatory uncertainties
The association created and nurtured BACC for four years. The IAMAI said that it was forced to take the decision in light of the fact that a resolution of the regulatory environment for the industry is still very uncertain. Several crypto lending and trading platforms have filed for bankruptcy, laid off employees and frozen withdrawals, deposits and other transactions on their platforms, and cryptocurrencies crash in the global economic meltdown.