Cryptocurrency
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Bitcoin will snatch spotlight from gold in 2022 – Goldman Sachs
Bitcoin will take market share away from gold in 2022 as digital assets become more widely adopted, Goldman Sachs analyst Zach Pandl said in a research note to clients. Citing bitcoin’s $700 billion …
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Bitcoin loses over $3,000 in another crunching fall
Bitcoin dropped 6.13% to $47,606.92 on Tuesday, losing $3,111.19 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 31% from the year’s high of $69,000 on No…
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Crypto exchange giant Binance signs Dubai World Trade Centre deal
Cryptocurrency exchange Binance said on Tuesday it had signed a cooperation deal with Dubai World Trade Centre Authority, which is working to set up an international virtual asset ecosystem. The Duba…
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U.S. SEC delays decision on Grayscale’s spot bitcoin ETF
The U.S. Securities and Exchange Commission has delayed its decision on a spot bitcoin exchange-traded fund (ETF) proposal from Grayscale Bitcoin Trust, the world’s largest digital currency manager. …
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Tesla to accept dogecoin as payment for merchandise, says Musk
Tesla Inc chief Elon Musk said on Tuesday the electric carmaker will accept dogecoin as payment for merchandise on a test basis, sending the meme-based cryptocurrency up over 20%. “Tesla will make s…
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Investors turn to stablecoins as subdued bitcoin struggles to gasp for air
As bitcoin, the world’s largest cryptocurrency, struggles to recover after a massive crash, regulatory and private sector focus has turned to another part of the digital currency world: stablecoins. …
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Binance affiliate says will withdraw Singapore licence application
The Singapore affiliate of Binance, one of the world’s largest cryptocurrency exchanges, said on Monday it will withdraw its local licence application and wind down its digital payment token business…
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India’s PM Modi says cryptocurrencies should be used to boost democracy, not harm it
Indian Prime Minister Narendra Modi said on Friday that emerging technologies such as cryptocurrencies should be used to empower democracy, not undermine it. Policymakers in India say unregulated tra…
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Meta’s WhatsApp move to allow in-app crypto payments
Meta Platforms Inc’s (FB.O) cryptocurrency wallet, Novi, will allow users to send and receive money through the social media giant’s messaging app, WhatsApp. The pilot program is open to a limited nu…
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Visa launches crypto advisory service for financial institutions, merchants
Visa Inc, the world’s largest payment processor, on Wednesday launched a global crypto advisory service for clients such as banks and also merchants, as the adoption of digital currencies gains steam…