Bitcoin has continued stably over the week although bulls have struggled to carry on the upward price push beyond the $45,000 (roughly Rs. 34 lakh) mark as investors remain cautious of more January-like volatility.
Bitcoin, Ether Prices See Little Price Movement While Major Altcoins Register Mixed Day of Trade
Colorado May Allow Tax Payments in Cryptocurrency Starting This Summer, Says Governor
Jared Polis, the governor of Colorado has revealed plans of enabling tax payments in cryptocurrencies, starting this summer. The crypto assets will not be held by the US state, but will be converted into Dollars via an undisclosed intermediary.
Russia-Linked Hackers Bagged $400 Million in Crypto From Ransomware Attacks, Reports Chainalysis
A study by crypto analytics firm Chainalysis finds that Russia-linked hackers was associated with majority of crypto-ransomware invasions, siphoning the equivalent of $400 million (roughly Rs. 3,005 crore) in stolen funds to illicit addresses in that country.
Crypto Risks Require Preparation of a Global Response, Say Regulators
The $2.6 trillion (roughly Rs. 1,95,17,320 crore) crypto market could grow quickly and regulators need pre-prepared measures to bring the sector to heel, the Financial Stability Board (FSB), a risk monitoring watchdog for the G20 economies, said on Wednesday.
Crypto Regulations Get Fine-Tuned in Belarus, President Lukashenko Orders Crypto Wallet Registry
Belarus, where crypto activities like mining and trading is legalised, is taking measures to curb misuse of crypto assets. Belarusian President Alexander Lukashenko has directed his government to create a register for crypto wallets which may be engaging in unlawful activities and safeguard investors from financial risks.
JP Morgan Launches Virtual ‘Onyx’ Lounge Within Decentraland, Releases Paper Discussing Web3 Potential
JP Morgan has become the first major banking giant to establish itself in the Metaverse by opening a lounge in Decentraland, an Ethereum-based metaverse created based on blockchain technology.
Web3 Initiatives Likely to Pick Pace at YouTube as Scouting Begins for Project Head
YouTube is looking to appoint somebody to lead its Web3 roadmap and strategies. The Google-owned video platform has listed a job opening on LinkedIn and will be accepting applications till February 24.
Bank of Russia Successfully Begins Trials of Its CBDC Named ‘Digital Ruble’
The central bank of Russia has officially started pilot tests of its ‘Digital Ruble’, according to an announcement, as the bank confirmed that the first Central Bank Digital Currency (CBDC) transfers among Russian citizens had been successfully concluded.
Bitcoin, Ether Start Strong on Price Chart Leading Majority Cryptocurrencies Into Gains
Bitcoin and Ether registered minor but substantial gains ushering majority altcoins up the price ladder. Binance Coin, Cardano, and Ripple emerged as gainers, whereas Tether saw losses.
Crypto Startup BlockFi Stops Opening New High-Yield Bitcoin Accounts After Record $100 Million US SEC Settlement
Crypto startup BlockFi agreed to pay $100 million (roughly Rs. 755 crore) to settle allegations from the SEC and state regulators that it illegally offered a product violating securities law.