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cryptocurrency

Adani Group will purchase a 49 percent stake in Quintillion Business Media for an undisclosed sum

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Billionaire Gautam Adani

Billionaire Gautam Adani’s AMG Media Networks, a unit of Adani Enterprises, will purchase a 49% stake in Raghav Bahl-organized advanced business news stage Quintillion Business Media Pvt Ltd for an undisclosed total, according to an administrative documenting. In March, Adani Enterprises declared its introduction to the media business by securing an unknown minority stake in … Read more

Coinbase is experiencing a huge outage as crypto values fall

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coinbase

Users of Coinbase are having difficulties withdrawing payments, raising concerns amid a general drop in cryptocurrency values. ‘Your funds are safe, and we are actively working on the issue,’ the company said In a tweet on Thursday, the corporation verified the problems. “We are aware that some customers are having issues trading and accessing accounts … Read more

Why is Crypto Down, Why TerraUSD Crashed ‘Now stablecoin is Risk?’

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crypto

Another awful day for crypto markets. The market is still nervous following the massive sell-off caused by the insecurity of stablecoin TerraUSD (UST). This stablecoin exploded earlier this week after failing to maintain its one-to-one peg with the US dollar. UST is now trading for less than $0.045. Terra protocol’s LUNA token, which was developed … Read more

The controversial stablecoin related to the cryptocurrency luna has lost its peg, thereby rendering it unusable.

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cryptocurrency

TLuna, the sibling cryptocurrency of the contentious stablecoin TerraUSD, has plummeted to less than $0. TerraUSD, or UST, has been thrust into the limelight in recent days when the so-called stablecoin, which is intended to be tied one-to-one with the US dollar, plummeted below $1. UST is a code-based algorithmic stablecoin that uses a sophisticated … Read more

Plunging value of dollar-linked cryptocurrency sparks panic

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cryptocurrency

A cryptocurrency whose cost is supposed to be pegged to the dollar has misplaced half of its price this week, sparking panic in the already febrile international of crypto property. Terra UST, which is supposed to track at kind of $1 per coin, at one level changed into buying and selling at 30 cents on Wednesday earlier than … Read more

More Than $200 Billion Wiped Off Cryptocurrency Market in a Day

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According to estimates from price-tracking website CoinMarketCap, a major sell-off in cryptocurrencies took out over $200 billion in wealth in just 24 hours. The collapse of the TerraUSD stablecoin triggered a broad drop in the crypto complex, which impacted big tokens hard. Bitcoin fell as much as 10% to its lowest level since December 2020 … Read more

Cryptocurrency trader known ‘Coin Signals’ was prison to 42 months

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Cryptocurrency

A 25-yr-old Rhode Island cryptocurrency trader known by means of the nickname “Coin Signals” has been sentenced to 42 months in prison for defrauding 170 humans of greater than $5 million. Jeremy Spence became hit with the jail term this week for a crypto rip-off that he ran from November 2017 to April 2019. According … Read more

Terra Collapse has caused a drop in Asian cryptocurrency stocks

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terra

The collapse of the Terra USD stablecoin caused a stampede out of several of the digital-asset market’s most popular tokens, causing Asian shares tied to cryptocurrencies to fall. Hong Kong-traded BC Technology Group Ltd. fell as much as 7.5 percent, putting it on course for its lowest closing in more than four years. Monex Group … Read more

Bitcoin price crash has left 40% of investments under water

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Bitcoin

Traditional and cryptocurrency markets have been in free fall for several days, plunging into bear territory when assets are trading at 20% or more below their previous high. The S&P 500 has lost 15% this year, while half of the Nasdaq index’s equities have lost more than 50% from their highs. Bitcoin has dropped even … Read more

Gucci is now accepting crypto payments

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crypto

As crypto gains popularity, the Italian luxury brand Gucci said that it will begin accepting digital currency payments in some of its stores in the United States at the end of this month. This summer, the manufacturer of high-end handbags and other luxury products plans to expand the services to all of its directly run … Read more

SEC hires new staff in the wake of cryptocurrency fraud

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Cryptocurrency

SEC hires new staff in the wake of cryptocurrency fraud The Securities and Exchange Commission is inclining up its battle against digital currency-related fraud and digital dangers by growing its staff. The controller’s authorization division is adding 20 new situations to its Crypto Assets and Cyber Unit, which will carry the size of the group … Read more

Bitcoin legal in Panama, assembly passes bill regulating crypto

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bitcoin

Following the president’s signature, the bill will govern the use of bitcoin as a form of payment in the country. Panama has unanimously adopted new laws to govern the country’s Bitcoin and cryptocurrency marketplaces, bringing the expanding industry out of the shadows. The new legislation governs the trade and usage of cryptocurrencies, the issuance of … Read more

What we know of Elon Musk’s plans regarding Twitter.

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Twitter

What we know of Elon Musk’s plans regarding Twitter. Twitter will go through significant changes once Elon Musk takes control Throughout April Musk has been tweeting transforms he might well execute Musk said Twitter would take action against spam and confirm ‘every single genuine human’s Has said individuals who buy into Twitter’s superior assistance Blue … Read more

Russian sanctions target cryptocurrency miners

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Janet Yellen

The US imposed new sanctions on Wednesday against over 40 individuals and entities accused of evading ongoing sanctions against Russia for its invasion of Ukraine. Sanctions against a cryptocurrency mining firm are part of the war. Transkapitalbank, a Chinese and Middle Eastern bank, was sanctioned by the Treasury Department. By providing an alternative communication channel … Read more

US cryptocurrency developer aids North Korea to avoid sanctions

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  US cryptocurrency developer aids North Korea to avoid sanctions Virgil Griffith, 39, confessed to giving directions on how the system “could utilize blockchain and digital currency innovation to launder cash and avoid sanctions”. Virgil Griffith made a trip to North Korea – formally the Democratic People’s Republic of Korea (DPRK) – to go to … Read more

US man imprisoned for counselling North Korea on crypto

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north korea

A US cryptocurrency specialist was sentenced to 63 months in jail Tuesday for counseling North Korea on how to build cryptocurrency services and blockchain technology in order to avoid US restrictions on its nuclear program, New York court authorities said. Virgil Griffith, 39, pled guilty to conspiring to break US law to avoid a 20-year … Read more

Shiba Inu coins can be purchased on Robinhood now

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Shiba Inu

The shibheads’ wait is over: Robinhood is now allowing consumers to purchase and sell Shiba Inu coin, a popular cryptocurrency whose fans have been pleading with the online brokerage to list it. On Tuesday, Robinhood announced the launch of four new cryptocurrencies to its trading app: compound, polygon, and solana. Robinhood’s chief brokerage officer, Steve … Read more

Rain Financial appoints Zeeshan Ahmed as country general manager, Pakistan

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KARACHI: Rain Financial Inc, a global leading cryptocurrency trading platform, has appointed Zeeshan Ahmed as its country general manager, Pakistan, a statement said. While Rain is not yet operational in Pakistan, it will be advocating for the regulation and seek licensing in the country, it added. Ahmed is a senior management professional leading turnaround and … Read more

Joe Biden will sign an executive order regulating and issuing cryptocurrency

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cryptocurrency

President Biden is expected to sign an executive order on cryptocurrency this week, directing several federal agencies to investigate and develop digital currency policies and regulations. According to Reuters, the order is expected to be signed on Wednesday and would be the White House’s first step toward regulating cryptocurrency. According to The Associated Press, it … Read more

Bitcoin could be laid low by miners’ malady

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bitcoin

BENGALURU: Bitcoin miners are feeling the heat – and the pain’s rippling downstream to pressure prices. The cryptocurrency’s spectacular rally in 2021 drew thousands of entrants into mining, or producing new coin. As a result the hashrate, or combined computational power used by bitcoin miners globally, has roughly quadrupled over the past six months to … Read more

Sam Bankman-Fried heads crypto exchange worth billions

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sam bankman

PARIS: Sam Bankman-Fried donned a suit and tie this week, abandoning his preferred hoodie and dark T-shirt for a hearing before US Senators. The lawmakers had summoned the 29-year-old multi-billionaire on Wednesday to discuss the regulation of digital assets in his capacity as co-founder and CEO of the cryptocurrency exchange platform FTX. Less than three … Read more

Crypto addiction: a hidden epidemic?

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crypto

Cryptocurrency logos in the packaging of grocery store items, he knew he had a problem. Danzico had been swept up in the global craze for trading digital currencies during the pandemic, and very quickly it had grown into an obsession. “I would have these sleepless nights where I’d be tossing and turning, trying to get … Read more

IMF urges El Salvador to remove Bitcoin as legal tender

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bitcoin

WASHINGTON: The IMF called on El Salvador to change course and stop using Bitcoin as legal tender, citing “large risks” posed by the cryptocurrency. The small Central American nation in September became the first country in the world to embrace the digital money, allowing consumers to use it in all transactions, alongside the US dollar. … Read more

PTA to Block Cryptocurrency Websites in Pakistan

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Cryptocurrency

According to Sources, the Pakistan Telecommunication Authority (PTA) would soon ban websites dealing in cryptocurrency in the country. The PTA has received a letter in this regard from the Federal Investigation Agency (FIA), and its enforcement division is now attempting to find a means to restrict these websites. Earlier this week, the FIA indicated that … Read more

People turning to cryptocurrency without proper planning, says Shibli Faraz

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Federal Minister of Science and Technology, Senator Shibli Faraz on Tuesday said that the people were turning to cryptocurrency without proper planning however the government control was essential for prevention from loss and ensuring transparency. He further said that the government intended to regularize the cryptocurrency for which the State Bank of Pakistan, Securities and … Read more

Hundreds of cryptocurrency mining devices seized

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cryptocurrency

PRISTINA: Kosovo police has seized hundreds of cryptocurrency mining machines and arrested one person in the tense ethnic-Serb majority north as the country suffered an energy crisis. Cryptocurrencies like Bitcoin are created through solving complex equations — an endeavour that consumes enormous amounts of energy Tensions between the Serb-majority area and the ethnic Albanian majority … Read more

Dogecoin surges as Tesla accepts payments

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Dogecoin

LONDON: Cryptocurrency dogecoin jumped more than 20 per cent on Friday as Tesla began accepting it as payment for merchandise in its online store, Arab News reported. Tesla chief executive officer Elon Musk tweeted: “Tesla merch buyable with Dogecoin,” delivering on a pledge he made in December 2021. The digital coin, originally created as a joke … Read more

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