The FinTech Hub
Source: Live Mint Stablecoins are typically backed by cash or government bonds and run on public blockchains. Unlike bitcoin, the ur-cryptocurrency, their price barely fluctuates: tether, the biggest (whose issuer bears the same name), fetches a flat $1, within a few hundredths of a cent. They are mostly used to trade other cryptocurrencies, providing a…
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 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 Bitcoin soared over $82,000 for the first time due to US President-elect Donald Trump’s support of digital assets and the possibility of lawmakers favouring it in Congress, Bloomberg reported. Bitcoin jumped nearly 6.1 per cent on Sunday. On Monday, at 10:21 am in London, it crossed the highest $82,300. Smaller tokens, such…
