Union Finance Minister Nirmala Sitharaman informed the Lok Sabha on Monday that there is no proposal before the government to recognise Bitcoin as a currency. In a written reply in the Lok Sabha, Sitharaman said the government does not collect data on Bitcoin transactions.   To a question on whether the government has any proposal […]

Bitcoin rallied to a record high after a strong debut by the first U.S. exchange-traded fund investing in Bitcoin futures stoked optimism about the digital asset’s outlook.   The largest cryptocurrency jumped as much as 3.1% to $66,084, surpassing its previous peak from April and taking its 2021 surge to more than 120%. Second-ranked Ether […]

Bitcoin hit $60,000 for the first time in six months on Friday, nearing its record high, as traders grew confident that U.S. regulators would approve the launch of an exchange-traded fund (ETF) based on its futures contracts.   Cryptocurrency investors have been waiting for approval of the first U.S. ETF for bitcoin, whose recent rally […]

Ahead of Diwali, two of Bollywood’s leading men are pitching another option during India’s annual gold shopping spree: cryptocurrencies.   India’s top two crypto platforms have each tapped stars — one, Amitabh Bachchan, may be the most famous Indian actor of all time — to promote cryptocurrencies as a superior and easy investment ahead of […]

While financial markets fixated on Washington’s debt-ceiling scrimmage this week, Bitcoin quietly rose enough to put it on pace for its best week in months.   The world’s largest digital asset, overcoming a slew of potentially negative factors that had dogged it earlier this year, is up about 10% over the past five sessions. That […]