The recent collapse of the crypto exchange FTX and the ensuing sell-off in the crypto markets have placed a spotlight on the vulnerabilities in the crypto ecosystem, the Economic Survey 2022-23 presented in Parliament said on Tuesday. Crypto assets are self-referential instruments and do not strictly pass the test of being a financial asset because … Read more
Bitcoin is set for its best January since 2013 on bets that monetary tightening and the crypto-sector crisis are both ebbing. The largest token is up over 40 percent since the turn of the year, a first-month gain bettered only twice before when crypto was in its infancy. Smaller coins like Solana, Axie Infinity and … Read more
Bitcoin opened with a minor loss of 1.71 percent to trade at the price point of $22,763 (roughly Rs. 18.5 lakh). The most expensive cryptocurrency, Bitcoin recorded losses of similar magnitude on foreign exchanges such as Coinbase and Binance as well. In the coming days, experts predict, Bitcoin could exceed the mark of $25,000 (roughly … Read more
After two days of most cryptocurrencies opening with profits, the price chart reflected losses next to majority altcoins on Wednesday, January 25. Bitcoin managed to retain its recently spiked price despite encountering a small loss of 2.10 percent. The value of BTC, at the time of writing, stood at $22,621 (roughly Rs. 18.4 lakh). The … Read more