Cryptocurrency Financial News

The global cryptocurrency market-capitalisation rose 0.08 percent over the last 24 hours to $1.99 trillion while trading volumes were down 8.29 percent to $69.62 billion.

Crypto and blockchain are becoming an important element of the French political narrative, as indicated by recent statements by political newcomer Éric Zemmour, a popular pundit who is running in this year’s presidential election.

You can now do your banking in the metaverse after the US lender JP Morgan opened up a lounge in the blockchain-based virtual world of Decentraland on Tuesday, becoming the first major bank to do so.

The Financial Stability Board (FSB), an international body that monitors and prepares recommendations about the global financial system, is increasingly ringing the alarm about crypto. The institution’s latest report claims that cryptoasset markets are rapidly evolving and could reach a point where they pose a threat to global financial stability due to their scale, structural vulnerabilities, as well as increasing interconnectedness with the traditional financial system.

JPMorgan Chase said on Tuesday. The largely unregulated $2.7 trillion cryptoasset sector, which includes bitcoin, is still relatively small, but there are currently no bespoke rules on how much capital banks should set aside to cover activities in the sector. This leaves international banks in limbo and regulators behind the curve.

Coinbase will allow recipients in Mexico to cash out their funds in local currency

Nandan Nilekani has often been vocal about the functioning of cryptocurrencies.

Cryptocurrency is steadily becoming a mode of transaction in online purchases.

Veteran emerging market investor Mark Mobius is jittery about the spillover effects of the ongoing bear market in the cryptocurrency market on other asset classes like equities.

Cryptocurrencies traded in the green early on February 16. The global cryptocurrency market cap is $1.99 trillion, a 2.45 percent increase over the last day. The total crypto market volume over the last 24 hours is $75.55 billion, a 5.08 percent increase.

The Chinese central bank – the People’s Bank of China (PBoC) – says that all crypto exchanges and peer-to-peer (P2P) trading platforms have now been closed down on the Mainland. But it appears the authorities are still fighting an ongoing struggle against crypto mining, with many advocates thought to have taken their operations underground.

The link between Latin American football and crypto is continuing to deepen this year – with a flurry of activity surrounding some of the region’s biggest football teams, star players, and its most heavily backed crypto exchanges.

Senior officials from the Russian government and the Bank of Russia, the country’s crypto-skeptic central bank, did not manage to reach an understanding on the means to regulate the Russian cryptoasset market -- while the Deputy Finance Minister now proposes a buying limit for "unqualified investors" of USD 665. 

Nandan Nilekani on Tuesday clarified that he has not launched any project related to cryptocurrency.

Cryptocurrencies, like stocks, can be bought instantly using an app. But there are major differences between the two assets in the investment process. When you click to buy stocks, the broking company, where you have opened a demat account, places an order on your behalf on the BSE or the NSE. The exchanges then find a match and relay transaction details to the depositories — CDSL or NSDL. These depositories process the actual transfer of shares to your demat account in two business days. Once you tap to buy crypto, the exchange, where you have an account, will find a match for you in the market, take delivery of the asset from the seller and then store it on your behalf. To invest in virtual currencies, you need to open an account with a crypto exchange, provide KYC details and load rupees in the platform’s bank account to trade on the bourse using that balance. Cashing out is also an instant process. Presented ByDid you Know?A statue honour

The Deputy Prime Minister and Finance Minister of Canada has claimed that banks in the country could be asked to immediately freeze or suspend the bank accounts of individuals in the country, as the “truck drivers’ protest” over Canadian COVID-19 restrictions continues.

Intel will release its first crypto-focused chip, dubbed "blockchain accelerator", later this year

The cafe has turned into a haven for cryptocurrency traders.

Blockchain network 5ire has raised $100 million investment from GEM Global Yield LLC SCS (GGY), a Luxembourg-based private alternative investment group, with the aim to go public.

Bitcoin has slipped towards levels of around $42,000 in recent days.

If cryptocurrencies are banned, investors who are law abiding would desist from investing.