Top 10 hackers behind $5.2 bn worth ransomware attacks in Bitcoin
The report, released by the US Treasury's Financial Crimes Enforcement Network (FinCEN) on Friday, found that ransomware-related transactions totalled around $590 million from January 2021 to June 2021, exceeding the $416 million reported for entire 2020.
Bitcoin could cause the next financial crash
Deputy Governor Sir Jon Cunliffe said a massive collapse in the price of cryptocurrencies to as low as zero is 'certainly a plausible scenario' and that there was 'a possibility of contagion' across the global financial sector. As per the report, Cunliffe said the hit to individual investors if cryptocurrencies collapse would be unlikely to cause a 'financial stability risk'.
Indian investors in the dark as cryptocurrency ads gather steam
Indian crypto players are bombarding people with advertisements across platforms -- doubling down on their marketing spend when the cryptocurrencies are yet to be accepted as legal tender and lack legal framework and regulatory norms in the country.
Bitcoin reclaims $1 trillion cap, Indian crypto players cheer
The Indian cryptocurrency market is expected to reach up to $241 million by 2030 in India and $2.3 billion by 2026 worldwide. According to a report by IT industry's apex body Nasscom, there are 15 million retail investors in India investing in the cryptotech space.
Now buy, sell Bitcoins via UPI in Indian currency on Unocoin
To trade on the Unocoin platform, a minimum top-up of Rs 1,000 is required. The maximum that the user can deposit can range up to Rs 2 Lakh via UPI mode and Rs 1.5 crore via bank IMPS/UPI/NEFT/RTGS mode, the startup said in a statement.
El Salvador 1st country to adopt Bitcoin as official currency
The central American nation announced that it plans to buy "a lot more" bitcoins soon. It purchased 200 tokens earlier and another 200 more recently, ahead of its rollout as a legal tender. Ahead of the deadline to make bitcoin El Salvador's official currency, President Nayib Bukele tweeted that the government has about a large sum of the cryptocurrency.
Global crypto market hits $2tn, Bitcoin surges again
Bitcoin has crossed the $46,000 mark (more than Rs 34 lakh for single coin) once again. The most popular cryptocurrency has been trading in the green with a market cap of more than $848 billion, according to CoinMarketCap. "The world's oldest cryptocurrency, Bitcoin has witnessed a fantastic rally recently and the latest Ethereum upgrade, also known as London Hard Fork, has boosted the Ether price," said Shivam Thakral, CEO, BuyUcoin.
El Salvador becomes 1st country to make Bitcoin a legal tender
The Central American country is now the first country in the world to make Bitcoin legal tender. "The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress. 62 out of 84 votes! History!," tweeted Bukele. Bukele on June 5 announced the move in a pre-recorded message played at the Bitcoin 2021 conference in Miami, Florida, during a presentation hosted by Jack Mallers, founder digital wallet company Strike.
Elon Musk to help crypto miners form Bitcoin Mining Council
Musk earlier announced not to use the popular cryptocurrency Bitcoin as a payment mode to buy its electric vehicles, citing environmental harm. He said last week that the electric car maker will not sell any bitcoin and intends to use bitcoin for transactions as soon as mining moves to more sustainable energy.
Volatile yet lucrative, Bitcoin becomes Indians' dream investment
While the short volatile period has widely been touted as a course correction (one Bitcoin is currently hovering around $37,000 after touching a record high of nearly $60,000 just a couple of weeks ago), industry experts are of the view that staying invested and thinking long-term is the thumb rule to follow for crypto investors in the country.