US financial regulators warn banks about crypto—no ban imposed
Business
2 min read
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US financial regulators warn banks about crypto—no ban imposed

January 5, 2025 3:31 am
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WEB DESK: A judge ordered the Federal Deposit Insurance Corporation to provide versions of 25 supervisory “pause letters” it sent to unidentified banks after History Associates Incorporated, a research firm hired by crypto exchange Coinbase, sued the agency to release them. The FDIC first released the letters in December but

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Bitcoin more than doubles in 2024 on spot ETF approval, Trump euphoria
Business
3 min read
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Bitcoin more than doubles in 2024 on spot ETF approval, Trump euphoria

January 1, 2025 3:36 am
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REUTERS: Bitcoin more than doubled in 2024 driven by the US markets regulator’s approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump set to return to the White House. The world’s largest and most well-known cryptocurrency hit $100,000 earlier this month,

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Russia is using bitcoin in foreign trade, finance minister says
Business
2 min read
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Russia is using bitcoin in foreign trade, finance minister says

December 27, 2024 3:09 am
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MOSCOW: Russian companies have begun using Bitcoin and other digital currencies in international payments following legislative changes that allowed such use to counter Western sanctions, Finance Minister Anton Siluanov said on Wednesday. Sanctions have complicated Russia’s trade with its major partners such as China or Turkey, as local banks are

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As bitcoin soars, luxury brands consider accepting crypto payments
World
4 min read
144

As bitcoin soars, luxury brands consider accepting crypto payments

December 19, 2024 3:22 am
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REUTERS: Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap into fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH watch labels

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Bitcoin reaches all-time high of $106,000 on Trump’s crypto-friendly policies
World
4 min read
139

Bitcoin reaches all-time high of $106,000 on Trump’s crypto-friendly policies

December 17, 2024 2:39 am
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REUTERS: Bitcoin’s record rally topped $106,000 on Monday after President-elect Donald Trump reiterated that he plans to create a US bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. Investor sentiment also got a lift from the inclusion of MicroStrategy (MSTR.O), opens new tab

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Bitcoin hits $103,000 for the first time in history
Business
2 min read
128

Bitcoin hits $103,000 for the first time in history

December 5, 2024 1:15 pm
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WASHINGTON: Cryptocurrency Bitcoin has crossed another milestone and its price has exceeded $100,000 for the first time. According to media reports, investors are investing in cryptocurrency because the incoming Trump administration will have a positive policy in this regard. The market value of cryptocurrencies has almost doubled this year and

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Bitcoin reaches all-time high
Business
2 min read
92

Bitcoin reaches all-time high

November 22, 2024 7:15 pm
0

WEB DESK: Bitcoin extended its streak of record highs after ticking above $99,000 for the first time overnight. The cryptocurrency has rocketed more than 40 per cent in just two weeks. Now, bitcoin is at the doorstep of $100,000, just two years after dropping below $17,000 following the collapse of

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Trump vows to establish US as ‘Crypto Capital’ if re-elected
World
1 min read
218

Trump vows to establish US as ‘Crypto Capital’ if re-elected

July 30, 2024 3:37 pm
1

Former President Donald Trump has pledged to transform the US into a ‘Bitcoin superpower’ if re-elected. Speaking at the Bitcoin 2024 conference in Nashville, Trump promised to significantly reduce regulations and replace SEC Chairman Gary Gensler, known for his strict enforcement against crypto. Trump’s announcement of Gensler’s dismissal was met

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