Cryptos

In the 2024 Budget,  the Narendra Modi government has an opportunity  to bring clarity on the Indian government’s thinking on regulation of virtual assets. Will that happen this time? 

Cryptos attempt to steady as Binance-FTX deal chills market

Bitcoin, the biggest cryptocurrency by market value, was down 1% at $18,400, after a 10% plunge on Tuesday that marked its worst day since mid-August. Ether, the next largest, has lost nearly 18% since early Tuesday.

Combination of cryptos, online sports making waves, experts say 

Play-to-earn games encrypted by blockchain technology for transparency have not only attracted users of Web3, as the new iteration of the Internet is known, but have intrigued Web2 users as well. Blockchain games have attracted users aged from 15 to 60 years, experts say. 

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

As hedge funds stumble, sorry is the hardest word

Stocks and crypto are crashing. Time for a mea culpa? It depends who you ask

Coinbase rolls out NFT marketplace in beta

Nearly seven months after announcing its launch in October 2021, the exchange unveiled the marketplace to a small group of invited users at the end of April.

It's high time the government clears its stance on cryptocurrency 

It would be best if the government declares cryptocurrencies as digital assets and frames rules and regulations to govern their use

Bitcoin, cryptos post 5th straight week of outflows: CoinShares data

Outflows from the world’s most popular cryptocurrency totaled $33 million in the week ended Aug. 6, compared with $19.7 million the previous week. But so far this year, bitcoin inflows remained a robust $4.2 billion.

Cryptocurrency trading | Bitcoin crosses $37k-mark, Yearn Finance surges 18%

Other cryptocurrencies also gained in the trade. For instance, Ethereum traded at $2,457.71 and grew by 7.12 percent in past 24 hours with the market capitalisation of $285.12 billion.