Cryptocurrency Financial News

Robinhood has announced that it has begun rolling out crypto wallets to 1,000 users from the top of the wallets waitlist. By March, the company said it will expand the programme to 10,000 users before rolling out crypto wallets to the rest of the WenWallets waitlist. «We are excited to announce that the next phase of our Wallets programme, the Beta program, is officially live,» the company said in a blogpost.

Crypto wallets keep those passwords safe which are needed for cryptocurrency access

The detainees told police they worked for G.A.S. Consulting & Technology, a cryptocurrency investment firm founded by a former waiter-turned-multimillionaire who is the central figure in what is alleged to be one of Brazil's biggest-ever pyramid schemes. Police say the company owned by 38-year-old Glaidson Acacio dos Santos had total transactions worth at least $7 billion ($38 billion reais) from 2015 through mid-2021 as part of a Bitcoin-based Ponzi scheme that promised investors 10% monthly returns.

Bitcoin dropped again on Saturday and was last down around 4 per cent for the day, hovering around the $35,000 level. Bitcoin, the world's biggest and best-known cryptocurrency, is now about half its $69,000 peak in November. It was last at $35,049, after falling as low as $34,000 and following a steep fall on Friday. The currency has had wild price swings and has been hit as risk appetite has fallen on inflation fears and anticipation of a more aggressive pace of interest rate hikes from the U.S. Federal Reserve.

Mumbai: Indian crypto investors, most of who have jumped on the crypto bandwagon in the past year, are a jittery lot as cryptocurrencies again fell sharply across the board in the past 24 hours following a selloff led by technology stocks in the US on Friday. “I started investing last year after being influenced by friends and business partners,” said Gopala Somani, a Delhi-based crypto investor. “I kept investing even till the last week, thinking it was time to buy the dip. But now I am stuck. My portfolio is down and in the red. If I sell, it will be a significant loss.”Bitcoin was trading at $35,572, while other major altcoins were also down by double digits, at 5 pm, Saturday, on Coinbase. Bitcoin has dropped 17% in the past week, Ethereum 26.66%, Binance Coin 28.74%, Cardano 19.43%, and Solana 31.90%. The popular meme coin, Shiba Inu, dropped 30.03%, while DogeCoin slid 32 % in the past seven days. At 5 pm on Saturday, the Coinable website said the overall market was down 12.19%.

The global cryptocurrency market capitalisation dropped to $1.6 trillion from $1.7 trillion during the last 24 hours while the trading volume rose from $126 billion to $130 billion.

The year 2022 till now hasn't been particularly kind to the cryptocurrency market. Since the start of this year, Bitcoin has been down 16 percent and Ethereum tumbling 22 percent.  And this southward trajectory continued for Bitcoin and other coins yesterday as well, when Bitcoin slumped to its lowest levels in the last 5 months, presently trading at $35,017.4. The second dominant crypto Ethereum is not faring so well, either, currently trading at $2,451.47.

Social media was replete with memes are reactions on January 22 about the crash in cryptocurrency markets. The global cryptocurrency market capitalisation dropped from $1.88 to $ 1.7 trillion over a period of 24 hours.

Bitcoin mixers are tools that jumble up coin amount in private pools before sending them to recipients

The global cryptocurrency market capitalisation dropped from $1.88 to $ 1.7 trillion during the last 24 hours while the trading volume surged from $66.35 to $126 billion.

The crypto market continued lower over the past 24 hours following a selloff led by technology stocks in the US on Thursday. The falling prices were accompanied by liquidations across the crypto market, with one analyst saying the leverage flush-out could potentially set the market up for a “relief rally.”

Twitter’s latest feature where users can showcase non-fungible tokens (NFTs) as their profile pictures is “annoying”, billonaoire Elon Musk said, saying the social media giant is spending a huge amount of resources on this feature.

Russia's central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens' wellbeing, and its monetary policy sovereignty.

bitcoin exchange-traded fund by First Trust Advisors and SkyBridge, the hedge fund founded by former White House communications director Anthony Scaramucci. The SEC's rejection of the First Trust SkyBridge Bitcoin ETF Trust was the latest in a succession of vetoes by the regulator around the listing of spot bitcoin ETFs, which seek to provide easy exposure to the digital currency. The SEC in October approved two bitcoin futures-based funds, the ProShares Bitcoin Strategy ETF and the Valkyrie Bitcoin Strategy ETF, raising hopes that a spot bitcoin ETF would soon be approved as well. But in November and December the regulator turned down three spot bitcoin ETF proposals.

US online trading platform Robinhood has launched a beta program for its crypto wallet, and it began to roll out the wallets to 1,000 customers from the top of its WenWallets waitlist. 

Eric Adams on Thursday said his first paycheck, to arrive on Friday, will be automatically converted into cryptocurrency via Coinbase Global Inc. The salary will be converted to ethereum and bitcoin, the statement added. The mayor last year said he would take his first three paychecks in bitcoin and signaled his intention to make his city the «center of the cryptocurrency industry».

Twitter Inc on January 20 announced the launch of a tool through which users can showcase non-fungible tokens (NFTs)as their profile pictures, tapping into a digital collectibles craze that has exploded over the past year.

The global cryptocurrency market-capitalisation dipped by 5.17 percent over the last 24 hours to $1.88 trillion, while the trading volume over the same period tumbled by 11.81 percent to $66.35 billion.

A Venezuelan minister has been singing the praises of crypto – and suggesting that the government, which amassed a large bitcoin (BTC) and ethereum (ETH) “stash,” plans to attract international and domestic investors by convincing them to use cryptoassets.

Upping its hostile regulatory ante against cryptocurrency trading and mining in Russia, the country's central bank today called for a blanket ban on cryptocurrencies, citing them as "volatile and widely used in illegal activities", and a threat to the country's financial stability, citizens’ wellbeing and the sovereignty of its monetary policy.

The central Bank of Russia today proposed banning the use and mining of cryptoaassets on the country's territory. The proposed ban encompasses crypto exchanges too.