New Delhi, May 18 (IANS) Bitcoin slid to its weakest level in May on Monday over escalating macroeconomic concerns tied to the US‑Iran conflict, causing overall crypto market weakness.The world’s largest cryptocurrency dropped to $76,711 before it recovered some losses to trade at $76,985.11 as of 2.25 pm. Major digital assets such as Ether and Solana also traded lower.Nearly $500 million of long positions were liquidated within about 15 minutes during early Asian trading hours, according to…
Latest Digital assets News & Updates
Washington, April 16 (IANS) India’s deep pool of technology talent is emerging as a critical factor in the global race to build digital asset infrastructure, participants at a policy discussion have said.The discussion, held under Chatham House Rules on Wednesday (local time), highlighted India’s growing importance in the crypto ecosystem, driven by its large base of software developers and expanding digital capabilities.Participants said the shift towards digital assets — including stablec…
New Delhi, April 14 (IANS) Around 100 per cent of Indian companies are planning to expand globally and are increasingly willing to take calculated risks despite rising geopolitical tensions, according to a new report.According to a survey conducted by HSBC, 98 per cent of Indian firms plan to increase cross-border trade and investment over the next five years which is the highest among all markets surveyed even as global uncertainty persists.Meanwhile, 94 per cent of Indian respondents said they…
Washington, Feb 13 (IANS) A fierce debate over the future of US crypto regulation unfolded on Capitol Hill as senators clashed over whether the Trump administration’s Securities and Exchange Commission is easing enforcement while pushing for a new statutory framework to bring clarity to digital asset markets.SEC Chairman Paul S. Atkins on Thursday defended a pivot away from what Republicans described as “regulation by enforcement” under the previous administration and towards clearer statu…
Washington, Feb 6 (IANS) The US Treasury is betting that stablecoins backed by government securities can strengthen the global role of the dollar, with Treasury Secretary Scott Bessent defending new legislation on digital assets before Congress.Testifying before the Senate Banking Committee, Bessent praised the GENIUS Act, which requires stablecoins to be backed by high-quality liquid assets such as US Treasuries.“This framework has the potential to expand dollar dominance, increase global dem…