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Behind Bitcoin’s recent slide: Imploding bets and forced liquidations Premium (REUTERS) Alexander Osipovich, Share Via Bitcoin’s rally appears to be running out of steam, at least for now. The digital currency dropped again Friday, briefly falling below $50,000—a decline of more than 20% from its record of $64,829 on April 14. TRENDING STORIESSee All 2 min read Premium 1 min read Premium 1 min read 1 min read . 09:39 AM IST Bitcoin’s high coincided with the stock-market debut of Coinbase Global Inc., the biggest U.S. cryptocurrency exchange. The two events marked the pinnacle of a h...

Turkey bans Bitcoin and other crypto coins for payments, will India follow? Turkey bans Bitcoin and other crypto coins for payments, will India follow? Turkey’s central bank has banned the use of cryptocurrencies including Bitcoin to purchase goods and services. Can we expect something similar in India in future? advertisement The Turkish central bank has stated that using cryptocurrencies may cause non-recoverable losses. HIGHLIGHTS Turkey cites transactional risks behind decision. No company accepting crypto payments in India. Turkey’s central bank has banned the use of cryptocurrencies...

Story India is set to ban Bitcoin, Dogecoin and other crypto money with move that targets miners and traders The uncertainty around cryptocurrencies in India continues as the government is now planning to propose a new law which will not only ban digital money but will also fine anyone trading in the country or even holding such digital assets. Manas Tiwari | March 15, 2021 | Updated 14:11 IST The government has been planning been an action against cryptocurrencies for past few months. Highlights Action will be taken against crypto investors. Investors likely to get six month window to liqui...