In December, India’s Financial Intelligence Unit (FIU) called for blocking web addresses of a number of global crypto firms which were not registered in the country, over concerns that some of them may be misused for money-laundering. On Friday, FIU said that it has lifted Kucoin’s suspension after the exchange paid a fine of around … Read more
Bitcoin experienced a nearly 6 per cent decline on Wednesday, marking its the worst monthly performance since April 2022. This downturn occurred as investors withdrew funds from cryptocurrencies in anticipation of an interest rate decision from the Federal Reserve. April witnessed a substantial drop of almost 16% in the value of the most traded cryptocurrency … Read more
Bitcoin, the world’s leading cryptocurrency, underwent a programmed reduction in its new coin creation rate on April 19. This event, known as a “halving,” occurs roughly every four years and is designed to slow down the overall supply of Bitcoin as per CoinGecko. Following the halving, Bitcoin’s price remained relatively stable, experiencing a slight dip … Read more
Jumping for the fifth consecutive day, bitcoin hit $59,000 on Wednesday in the global crypto markets. And if the current rally continues, this would be maiden cryptocurrency’s substantial monthly rally since Dec 2020. In just one day, bitcoin rose 4.4 per cent reaching 59,259, its highest level since Dec 2021. At the same time, ether … Read more