ethereum


India orders disclosure on all cryptocurrency dealings

India orders disclosure on all cryptocurrency dealings

(ATF) Despite its struggle to take a stand in regard to the crypto sector, India tweaked its corporate disclosure norms on cryptocurrency investments on Thursday indicating, say experts, that the government may not ban private cryptocurrencies after all.In February, India unveiled a set of new draft rules - the Cryptocurrency …

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Cryptos eye new peaks as usage widens

Cryptos eye new peaks as usage widens

(ATF) Cryptocurrencies took a breather after their recent sharp rally but could soon be headed higher after overcoming technical resistance levels with investors waiting in the wings to buy.Bitcoin, which rallied on Sunday to a peak of $58,354, was down 9.65% at $50,616. Still, it is up more than 80% …

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Bitcoin takes a 17% hit as investors lose their nerve 

Bitcoin takes a 17% hit as investors lose their nerve 

The world’s favourite cryptocurrency fell back to earth on Tuesday as investors nervous about its soaring valuation sparked a 17% drop.It was bitcoin’s biggest daily drop in a month, as it fell as low as $45,000 and was last down 15.6% thanks, in the main, to the liquidation of leveraged …

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Markets this week: PBOC decision, southbound flows, Treasury yields

Markets this week: PBOC decision, southbound flows, Treasury yields

ECONOMIC EVENTSInvestor focus will remain on bond markets after yield on the benchmark 10-year Treasury note, jumped to a one year high of 1.36% last week amid worries this could dull the lure of riskier assets.“The acceleration in US 10-year Treasury yields to pre-pandemic levels is generating concerns about the …

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Steepening yield curve halts risk rally 

Steepening yield curve halts risk rally 

(ATF) HONG KONG - Asian markets took a breather after the recent, sharp rally as investors booked profits and weighed the implications of a steepening yield curve.Oil-importing Asia analysed the impact of rising crude prices after hitting 13-month peak on Thursday before cooling off.Japan’s Nikkei 225 index slipped 0.72%, Australia’s …

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Ethereum joins the crypto party to hit record high as bitcoin levels 

Ethereum joins the crypto party to hit record high as bitcoin levels 

Bitcoin’s little brother, Ethereum, the second largest cryptocurrency in terms of market capitalisation and volume, hit a record high on Thursday, with analysts predicting further rises for the undervalued crypto asset.The virtual currency reached an all-time peak of $1,938 and was last up 4.6% at $1,936.94. It is now up …

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Bitcoin’s volatility the stumbling block to mainstream use 

Bitcoin’s volatility the stumbling block to mainstream use 

Tesla Inc’s groundbreaking announcement that it will allow customers to pay for their electric vehicles with bitcoin soon not only opened the door to the cryptocurrency’s real world use but also sent its value soaring to new highs.Bitcoin was fast approaching the $50,000 mark on Tuesday after Elon Musk-led Tesla's …

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Crypto fund inflows soar by 600% to top $5.6 billion in 2020 

Crypto fund inflows soar by 600% to top $5.6 billion this year

Total investor inflows into cryptocurrency funds and products have hit $5.6 billion so far this year – up more than 600% from 2019.According to the latest data from asset manager CoinShares, the inflows plus the latest price moves lifted assets under management for the sector to nearly $19 billion in …

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Bitcoin’s record-setting rise accelerates

Bitcoin’s record-setting rise accelerates

LONDON: Bitcoin rose to a record high Thursday, just a day after passing the $20,000 milestone for the first time, amid surging interest from larger investors. The world's highest-profile cryptocurrency jumped 10.5% to $23,655, taking its gains this year past 220%, buoyed by demand from larger investors attracted to its …

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China confiscates $4.2 billion in crypto assets from PlusToken scam

China confiscates $4.2 billion in crypto assets from PlusToken sc

(ATF) A Chinese man has been convicted of illegally obtaining more than $4 billion in cryptocurrencies through a Ponzi scheme that promised returns of up to 19% each month.A court in the eastern province of Jiangsu sentenced organisers of the multinational PlusToken cryptocurrency-based fraud to up to 11 years in …

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