‘I don’t care too much for money/ Money can’t buy me love,’ proclaimed the Beatles, showing that they intuitively knew more about the myth of monetary value than many a professional bean counter. While money might not be able to woo Cupid, the love of money remains an abiding universal compulsion, made all the more ...

The Reserve Bank of India Governor Shaktikanta Das on Friday reiterated his call for an outright ban on cryptocurrencies, saying these are “nothing but gambling” and their “perceived value is nothing but make-believe.” To further its opposition to such currencies and also to take a lead over other central banks, the RBI recently launched its ...

Global markets and corporations seem to be on the lookout for the next big trend which would benefit their Return-on-Investment (ROI) in decentralised markets, and cryptocurrency exchange-traded funds (ETFs) is believed to be the answer! According to experts, a cryptocurrency ETF can help track the price of more than one digital token. As stated by ...

Crypto exchange Genesis confirmed on Wednesday that it has stopped customers from making withdrawals and issuing new loans, the latest company to be severely impacted from the collapse of FTX. The brokerage told TheStreet in an email that it’s “number one priority is to serve our clients and preserve their assets,” a spokesperson said. “Therefore, ...

National digital currency using Ethereum: Norges Bank, Norway’s central bank, made a significant advancement in its efforts to develop a digital currency by publishing the open source code for the nation’s central bank digital currency (CBDC) sandbox based on Ethereum technology. This development was made possible by the ongoing mainstream adoption of cryptographic technology. Bank ...

Stephen Ehrlich, CEO of bankrupt cryptocurrency exchange Voyager Digital, made millions of dollars selling Voyager shares in February and March 2021 when shares were near their peak, nineteen months before the crypto lending firm declared bankruptcy in July 2022, financial records show. Ehrlich’s gains were propelled by the stratospheric increase in Voyager’s stock price, which ...

Over five years’ of fly in, fly out mining work in Far North Queensland, Joel had saved up almost enough for a first-home deposit. Then, about six months ago, the price of bitcoin began a long decline. Key points: The price of bitcoin has dropped by about 30 per cent in the past week Crypto-lending company Celsius ...

On Thursday (June 9), American billionaire investor Stanley Freeman Druckenmiller shared his latest thoughts on crypto. Druckenmiller started his career as an equities analyst at Pittsburgh National Bank. Then in 1981, he founded investment firm Duquesne Capital Management, which had a positive return every year until he decided in August 2010 to quit the hedge fund business ...

People should not rely on investing in cryptocurrencies as part of their retirement strategy, Janet Yellen, an American economist and the 78th US Secretary of Treasury, has said. According to her, the asset class is “very dangerous”, and Congress should warn the general public about the danger, according to CryptoPotato.com. Yellen has warned people against ...

With more than 19,000 virtual currencies in existence, the cryptocurrency industry has Nurphoto | Getty Images Several cryptocurrency industry players have told CNBC that thousands of digital tokens are likely to collapse while the number of blockchains in existence will also fall over the coming years. There are more than 19,000 cryptocurrencies in existence and ...