The FinTech Hub
Source: Live Mint (Bloomberg) — Bitcoin and Ether prices dipped, while smaller tokens saw worse losses, as traders reacted to an almost $1.5 billion hack of the Bybit exchange that analysts say was the largest crypto theft ever. Bitcoin reversed an earlier gain of as much as 1.4% on the day to fall 2.1% and…
Source: Live Mint Donald Trump’s cryptocurrency $Trump has turned out to be a bad investment for thousands of investors who rode the high tide, putting their money in the memecoin launched three days before the US President’s inauguration in January. Launched on January 17, Trump announced the launch of his cryptocurrency $Trump, asking his followers…
Source: Live Mint (Bloomberg) — European Central Bank President Christine Lagarde predicted that no European Union country will choose to add Bitcoin to its monetary reserves. Responding to comments by her Czech counterpart, Ales Michl, that his institution will look into the matter, she cast doubt on such prospects, saying the cryptocurrency doesn’t meet criteria…
Source: Live Mint Brian Armstrong, the CEO of cryptocurrency exchange Coinbase Global Inc. shared that the company needs to “rethink” how it lists and evaluates various coins as a host of new tokens are created each week. “We need to rethink our listing process at @coinbase given there are ~1m tokens a week being created…
Source: Live Mint As the Union Budget 2025 approaches, the cryptocurrency industry in India anticipates a more favourable tax and regulatory environment. India has consistently ranked among the top nations in crypto adoption. However, the sector still faces challenges from the 2022 Union Budget, which imposed higher taxes, including a 1% TDS on crypto transactions…
Source: Live Mint Intesa Sanpaolo, the Italy’s biggest bank has made its first proprietary Bitcoin purchase, buying roughly 1 million euros ($1 million) worth of the cryptocurrency. The lender bought 11 Bitcoin on Monday, the bank’s digital asset trading and investments head Niccolò Bardoscia said in an internal email that was posted on online forum…
Source: Live Mint (Bloomberg) — An early Bitcoin investor sentenced last month to two years in prison for tax fraud related to cryptocurrency sales has been ordered to disclose his secret pass codes so US officials can unlock digital assets now valued at about $124 million. Frank Richard Ahlgren III, who owes the government about…
Source: Live Mint The world’s biggest cryptocurrency Bitcoin, saw its record-breaking run slow a bit at 2024-end and into the New Year 2025 — leading to the token’s first monthly drop since August 2024, according to a Bloomberg report. Bitcoin slipped 3.2 per cent in December as investors began cashing profits following the sustained rally…
Source: Live Mint Trump, who favours a friendly regulatory environment for digital assets, has also backed the idea of a strategic national Bitcoin stockpile. Though the cryptocurrency has shed some gains since then, the rally has reinvigorated investor interest in crypto trading. In India, platforms such as CoinDCX, CoinSwitch, Mudrex, Binance, and WazirX…
Source: Live Mint The price of one Bitcoin is approximately ₹80 lakh today. So, if someone possesses 10,000 Bitcoin, his asset would be ₹8,000 crore in today’s scenario. A few years ago, Laszlo Hanyecz (Laszlo) made the first documented purchase of a good with Bitcoin when he bought two Domino’s pizzas for 10,000 BTC. That…
