Bitcoin, other cryptocurrencies in free fall after interest rate hikes
All cryptocurrencies were weighed down as central banks globally tried to control inflation by raising interest rates. Bitcoin is down more than 20 per cent since the beginning of this year. On Sunday, Bitcoin was hovering around $34,400 and ethereum, which is the second largest cryptocurrency, plunged 4.8 per cent to $2,545.
Warren Buffett won't pay even $25 for all Bitcoin in the world
Addressing Berkshire Hathaway's annual shareholder meeting, the ace investor said Bitcoin is not a productive asset and doesn't produce anything tangible, reports CNBC.
Nothing with cryptocurrency legality, is ponzi scheme, ED to SC on Gain Bitcoin scam
Additional Solicitor General Aishwarya Bhati, representing the ED, submitted before a bench headed by Justice D.Y. Chandrachud that the "username and password are crucial in this matter. This has nothing to do with the legality of cryptocurrency" as she objected to the interim protection from arrest granted to the petitioner.
Bitcoin swindlers targeting iPhone, Android users via romance apps
The international cryptocurrency trading scam called CryptoRom, unearthed by cyber-security firm Sophos, has become well-organised and targets victims all over the world. In one case, a victim was charged $625,000 to regain access to the $1 million he had invested in a fake crypto-trading scheme, recommended by someone he had met on an online dating platform.
Bitcoin now has higher market cap than Russian currency
With the recent gains, Bitcoin now has a higher market cap than the rapidly-declining Russian currency ruble. Bitcoin has a market cap of approximately $835 billion while the ruble has a market cap of around $626 billion. The crypto market was last at $2 trillion in August 2021. In the last week since the Russia-Ukraine war started, Bitcoin has jumped nearly 14 per cent and ethereum 12 per cent, according to CoinGecko data.
CryptoWire pacts with Bitbns to commence trading on crypto index IC15 from April
CryptoWire, a global crypto super app, on Tuesday announced that it has entered into an agreement with Bitbns exchange, one of the leading crypto-currency exchanges of the country, to commence trading on India's first global crypto index IC15 next month.With the commencement of trading on IC15, around 4 million users of Bitbns will get the benefit of trading on IC15.
Indian founder on the run in global $2.4 bn crypto ponzi schem
A federal grand jury in San Diego last week indicted Kumbhani with orchestrating a global Ponzi scheme. BitConnect is an alleged fraudulent cryptocurrency investment platform that reached a peak market capitalisation of $3.4 billion.In total, Kumbhani, facing 70 years in prison if convicted, and his co-conspirators obtained approximately $2.4 billion from investors.
Bitcoin helping Russia evade financial sanctions, Putin may legalise crypto
US President Joe Biden has announced new sanctions and limitations on what can be exported to Russia. The US will block five of the biggest Russian banks and freeze all assets they hold in America, worth over $1 trillion. Earlier, the UK Prime Minister Boris Johnson unveiled Britain's largest-ever package of sanctions against Russia, targeting banks and wealthy Russians.
Bitcoin donations soar for Ukrainian army amid war with Russia
Come Back Alive, a Ukrainian NGO that raises crypto funds for the Ukrainian army, received more than $400,000 worth of digital tokens in the past day, according to data from blockchain and crypto analytics firm Elliptic. The average amount donated is around $1,000 to $2,000, and the group has received at least 317 individual donations in the past two days, reports Fortune.
US seizes 94K stolen Bitcoins worth $3.6 bn in biggest ever crypto haul
The couple -- Ilya Lichtenstein, 34, and Heather Morgan, 31 -- faces charges of conspiring to launder money and to defraud the US government, facing up to 25 years in prison if convicted. They were arrested in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, a virtual currency exchange, presently valued at approximately $4.5 billion.