Sunday, 23 January, 2022

Topic: Bitcoin

Digital currency continues to decline wiping out over $1 trillion in market value

Bitcoin lost over 12% Friday and dropped below $36,000. Since its peak last year in November, it has lost over 45% of its value. Ether & meme coins are mired in similar drawdowns.

Bitcoin slumps to lowest level since December’s flash crash

The cryptocurrency dropped to as low as $42,505 in early Asia trading on 6 January; the lowest since it touched $42,296 during a weekend crash at the start of December 2021.

RSS-linked Swadeshi Jagran Manch wants cryptocurrency banned, says it’s used by terrorists

Swadesh Jagran Manch asks RBI to launch its own digital currency, says in resolution that virtual currencies damage financial market, help evasion of taxes.

India has no proposal to recognise Bitcoin as currency: Nirmala Sitharaman in Parliament

Sitharaman said the Modi govt doesn't collect data on Bitcoin transactions. Centre plans to introduce cryptocurrency bill that seeks to ban all but a few private cryptocurrencies.

Modi govt must not ban cryptocurrencies. But regulation shouldn’t be slack either

The revenue generated from cryptocurrencies can be an incentive for the Modi government to allow this trade with restriction rather than ban it and lose the 'sin tax'.

Bitcoin scandal can’t be buried as PM Modi reminds Bommai of priority — clean government

Karnataka CM claimed after last week's meeting with PM that while bitcoin scandal was discussed, Modi told him to 'not worry'. Now ministers say PM sought clarifications.

Sriki-Bitfinex scandal exposed gap in crypto exchange. Govt must pass innovation-friendly law

Parliamentary Committee on Finance to evolve a consensus on crypto regulation. The question is—what should it look like?

Multi-crore scam or hearsay-driven panic — what we know about Karnataka bitcoin scandal

Congress has trained guns on BJP over the alleged bitcoin scam in Karnataka. But CM Bommai has described it as a non-issue and prime suspect wants journalists to 'chill'.

Congress seeks SC-monitored SIT probe into alleged Bitcoin ‘scam’ & ‘cover-up’ by Karnataka BJP govt

New Delhi: The Congress on Saturday alleged a multi-crore Bitcoin scam and its cover-up by the BJP government in Karnataka and demanded that an...

Amid political pressure over alleged bitcoin scam in Karnataka, hacker arrested – over a brawl

Hacker Srikrishna Ramesh alias Sriki is being investigated in the multi crore scam currently by three different departments -- the Enforcement Directorate, Cyber Crimes wing of the CID and the Central Crime Branch of Bengaluru police.

On Camera


A visual representation of the digital Cryptocurrency, Bitcoin alongside US dollars | Photo: Dan Kitwood | Getty Images via Bloomberg

Joe Biden administration set to put itself at centre of US cryptocurrency policy

An executive order is being drafted which will soon set in place a govt strategy empowering US federal agencies to assess risks and opportunities posed by the digital assets.


German Navy chief Vice Admiral Kay-Achim Schonbach | Twitter: @chiefdeunavy

China ‘not that nice country’, giving money to dictators & killers: German Navy chief in India

Vice Admiral Kay-Achim Schonbach later issued a clarification, saying comments were his 'personal view' and not German defence ministry's, and expressing them was a 'mistake'.

Modi vs non-BJP CMs: When most popular isn’t all-powerful & why Centre-state ties will worsen

Modi’s inability to win many states, and the huge popularity his rivals enjoy there, is pushing Indian politics in a more robustly federal direction.