Bitcoin, Ether Record Losses Amid US’ Debt Ceiling Discussions; Most Altcoins Fall

[ad_1] Bitcoin on Friday, May 19, recorded a loss of 1.67 percent to trade at the price point of $26,785 (roughly Rs. 22 lakh) on both national as well as international exchanges. The value of Bitcoin dropped by $542 (roughly Rs. 44,850) in the last 24 hours, in the backdrop of US thinking of re-adjusting … Read more

Tether Says It Will Use 15 Percent of Its Profits to Buy Bitcoin; Aims to Diversify Reserves

[ad_1] Most investments coming to cryptocurrencies are aimed at diversifying the financial portfolios of individual as well as institutional investors. Tether has become the latest company from the Web3 world to have decided to invest some of its business profits into purchasing cryptocurrencies to strengthen and diversify its reserves. The issuer of the largest stablecoin … Read more

Bitcoin, Ether Show Resilience Amid US Debt Ceiling Crisis as Stablecoins See Dips: Details

[ad_1] Bitcoin on Thursday recorded a small 1.04 percent rise in profit, and the world’s most popular and expensive cryptocurrency is currently trading at $27,327 (roughly Rs. 22.5 lakh) on both national as well as international crypto exchanges. Over the past 24 hours, the value of Bitcoin rose by $147 (roughly Rs. 12,115). While Bitcoin … Read more

Cryptocurrencies Like Bitcoin, Ether Should Be Regulated as Gambling, UK Lawmakers Say Citing Risks

[ad_1] Bitcoin, ether and other cryptocurrencies should be regulated as gambling given they are potentially used by fraudsters and pose significant risks to consumers, a panel of UK lawmakers said in a report on Wednesday. Britain is planning its first rules for cryptoassets, which currently only comply with anti-money laundering safeguards. Bitcoin and ether account … Read more

Bitcoin Trades at Over $27,000, Ether Joins Majority Altcoins in Registering Profits

[ad_1] Majority cryptocurrencies managed to record small profits on the crypto charts on Wednesday, May 17. Bitcoin did manage to maintain its value above the mark of $27,180 on Wednesday, after days of trading lowly on both, national as well as international exchanges. With a miniscule gain of 0.50 percent, Bitcoin stepped into the market … Read more