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The Reserve Bank of India is concerned over cryptocurrencies’ impact on financial stability.

The Reserve Bank of India is concerned that cryptocurrencies may impact the financial stability of Asia's third-largest economy, a view that could shape upcoming anti-crypto regulations on the asset that is breaking price-records around the world. The RBI has...

Jack Dorsey-led payment firm Square has invested $170 million in bitcoin.

Twitter CEO Jack Dorsey-led credit and payments firm Square has invested $170 million in Bitcoin, more than tripling its last investment in the largest cryptocurrency. The company purchased about 3,318 bitcoins at an average price of $51,236, the company...

Elon Musk loses the world’s richest man position after Tesla and bitcoin slump.

Tesla CEO Elon Musk has lost his position as the world's richest man following a slump in Bitcoin and a slump in his company's stock that some analysts believe are correlated. Tesla stock (TSLA) has dropped 21% from its...

Bill Gates warns bitcoin buyers to watch out if they don’t have as much money as Elon Musk.

Microsoft founder Bill Gates has warned would-be Bitcoin buyers looking to follow Elon Musk's investment strategy. Speaking to Bloomberg's Emily Chang, Gates suggested Musk had access to sophisticated trade management techniques that the average investor isn't privy to. When...

Chief of Bank of Korea says cryptocurrencies have no intrinsic value.

Cryptocurrencies such as Bitcoin have no intrinsic value, and their price swings are expected to experience greater volatility, the head of the Bank of Korea (BOK) said Tuesday. "There is no intrinsic value in crypto assets," BOK Gov. Lee...

Bitcoin drops as it pulls back from record highs, trades below $50k.

Bitcoin started dropping on early Monday, but it briefly gained before dropping below $50,000 once again on Tuesday. The leading cryptocurrency's downward movement came after bitcoin reached new record highs above $58,300 over the weekend. The drop seemed to...

Russian bill to recognize crypto as property moves ahead in the Parliament.

Russia’s Parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies, but income from their activities will also be subject to taxation. Russia’s State Duma, the lower house...

Dubai-based license bureau now accepts digital currency payments.

KIKLABB, a Dubai-based license bureau, will allow citizens to pay for their visa and trade license fees in digital currencies. KIKLABB has noted a rising interest in citizens interested in making payments via digital currencies, stated CEO Tasawar Ulhaq....

Tesla has made roughly $1 billion in profits from its bitcoin investment, analysts estimate.

According to Daniel Ives, an analyst at Wedbush Securities, Tesla has made roughly $1 billion in paper profits from its investment into bitcoin. As reported by CNBC, the electric car company is "on a trajectory to make more from...

Crypto exchange Coinbase is valued at just over $100 billion before its public listing.

The US-based Crypto exchange Coinbase is valued at just over $100 billion before its public listing. According to data from Nasdaq Private Market shows a secondary market this week for Coinbase equity saw a clear average price of $373...

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The Reserve Bank of India is concerned over cryptocurrencies’ impact on financial stability.

The Reserve Bank of India is concerned that cryptocurrencies may impact the financial stability of Asia's third-largest economy, a...