RBI Governor sounds alarm on cryptocurrency
RBI Governor Shaktikanta Das cautioned investors of the potential dangers in the crypto world. He added that cryptocurrency is a serious concern to the financial system. He also said that the number of participants in crypto market is highly exaggerated.
Bitcoin extends correction
Though Bitcoin went up to create a new all-time high, it corrected by huge points. BTC is now trading just above $65,000. Bitcoin saw extreme volatility yesterday by moving down minutes after it gave a breakout.
Coinbase falls short on revenue
With lower trading volume, the US cryptocurrency exchange saw a significant decline in revenue. As a result, the company’s shares had tumbled 13%.
Twitter is building crypto block
The social media giant is planning to build a crypto team to add blockchain and crypto onto the platform. For now, the social media firm is expected to start its crypto journey with an option for Bitcoin (or other crypto) payments or NFT sales for creators.
Indonesia’s religious leaders declare crypto illegal for Muslims
Indonesia’s council of religious leaders declared that Muslims are forbidden from using crypto. The nation with the largest Muslim population had earlier planned to tax profits on crypto trading.
