Cryptocurrency, like many other emerging technologies, was first ignored in India. It seemed as if Indians were hesitant to even acknowledge the industry existed. Lately, the government’s attitude on VDAs (virtual digital assets) has changed significantly due to widespread usage both internationally and in India. In 2022, this was formalized
The recent announcement by Citibank to provide blockchain technology for institutional deposits, convertible into “Citibank tokens” for round the clock cross-border transactions, is a major step forward in the evolution of the financial industry. Robert Kiyosaki, an investor and author, tweeted that Citibank’s recent engagement might mark a turning point
One of the leading crypto asset manager, Bitwise Asset Management, has updated its proposal for a Bitcoin Exchange-Traded Fund (ETF) significantly. Bitwise’s pursuit of a Bitcoin ETF was recently updated with important information by Bloomberg Analyst James Seyffart in a tweet. The intriguing new angle that Seyffart’s tweet brings to
Michael Saylor led MicroStrategy based in the United States, has recently acquired 5,445 Bitcoin (BTC), making it one of the largest institutional investors of BTC. According to the latest report from the company’s chairman, Michael Saylor, the most recent investment was made at an average price of $27,053 per Bitcoin,
Bitcoin’s price remains over $26,000 despite recent market volatility. The issue, though, is how long this state of affairs can last. The Ripple party and Gary Gensler’s congressional hearing are two of the major events coming up this week. With the SEC’s judgement on Bitcoin ETFs coming up in October,
In a rollercoaster ride for cryptocurrency enthusiasts, Bitcoin (BTC) has experienced recent price fluctuations, trading between $27,000 and $27,500 over the past five days, only to drop back to $26,557, marking a 2.41% decrease within the last 48 hours. This downturn followed a rejection at the 20-day Exponential Moving Average
Despite the strict crypto regulatory atmosphere in the U.S, major European crypto asset management firm CoinShares is opening a hedge fund division. The company made the announcement on September 22, saying it will begin selling its services to accredited investors in the United States for the first time. In order
Smaller Bitcoin holders, defined as those with less than 100 BTC, have seen a meteoric rise in recent months. As a result of this sudden turn of events, they currently own a record 41.1% of all Bitcoins in circulation. According to a tweet from Santiment, there has been a notable
In another chapter in the Mt. Gox saga, Nobuaki Kobayashi, the trustee overseeing the defunct Bitcoin exchange’s estate, has officially announced an extension of the deadline for repaying its creditors. This decision comes as the exchange’s users have endured a seemingly never-ending, decade-long pursuit of closure via fund reimbursement following
Bitcoin (BTC), the largest cryptocurrency by market capitalization, has been generating both hope and fear within the community due to its recent price movements. On Monday, Bitcoin demonstrated a bullish momentum with its foray into the $27,000 range. However, bears instilled fear, when BTC quivered and fluctuated between $26,864 and
