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[ad_1] Although the cryptocurrency industry remains shadowed by recent blowups and controversy, the world's most important token — bitcoin — is making a comeback.  The value of bitcoin soared to nearly $42,000 on Monday, marking the first time the digital currency cracked $40,000 in 18 months, price tracker CoinDesk Indices  shows .  The resurgence stands in contrast to the questions that have dogged the sector since last year's spectacular flameout of crypto exchange FTX, leading to the November conviction of founder Sam Bankman-Fried on seven counts of fraud. Also last month,  Binance  — the world's largest cryptocurrency exchange platform — agreed to pay $4.3 billion after admitting that it violated U.S. laws to prevent money laundering and sanctions violations, with CEO Changpeng Zhao pleading guilty to one federal charge. Despite such scandals, bitcoin's priced has soared 150% this year, although it remains down from a hig...

[ad_1] SAN SALVADOR: Bitcoin will remain legal tender in El Salvador during the second term of President Nayib Bukele , his vice president said on Wednesday. Days before an election Bukele is expected to handily win thanks to a draconian gang crackdown, Felix Ulloa - temporarily on leave to run for re-election with Bukele - doubled down on the Central American nation's adoption of the cryptocurrency as legal tender. The declaration comes after the International Monetary Fund (IMF) asked El Salvador to "reconsider" the measure during negotiations for a billion-dollar loan, Ulloa said. The government has no intention of reversing the decision, Ulloa said, adding that the recent announcement by the US Securities and Exchange Commission (SEC) to allow US-listed exchange-traded funds (ETFs) that track bitcoin only strengthened its resolve. A decade in the making, ETFs have been judged a game-changer for bitcoin, offering investors exposure to the world's larg...

[ad_1] U.S. shares struck new highs for the year on Friday, setting world stocks up for gains for the week, as rising bets that the Federal Reserve will skip a rate hike next week overshadowed worries about U.S. markets being drained of cash. Helped by a surge in Tesla Inc, which jumped as much as 5.7%, the S&P 500 rose to levels last seen in August before receding by mid-day to be little changed. The Nasdaq Composite and the Dow Jones Industrial Average also pared earlier gains to stand flat. Over in Europe, the STOXX 600 index lost 0.13%, but MSCI’s broadest index of Asia-Pacific shares outside Japan jumped 0.74% overnight. Combined with gains on Wall Street, the MSCI’s broadest index of world stocks added 0.14% to hover under a 13-month high. For the week, the index for world stocks might notch a 0.4% rise. “As of today, the S&P 500 is back in a bull market," said Arthur Hogan, chief market strategist at Briley Wealth, noting that the index finished Thursday with a...

[ad_1] The crypto fear and greed index, down seven points from Wednesday, continues to stay in the greed zone with a score of 57/100. (Representative image) Cryptocurrency Price Today, July 13: Bitcoin was down by 1.05 per cent to Rs 26,10,000, Ether was lower by 0.73 to Rs 1,56,510, and Matic was also trading lower by 3.03 per cent Cryptocurrency Price Today:  Major cryptocurrencies, including Bitcoin, Ether and Matic, were down in the morning on Thursday, July 13, even as the bullish US CPI data was not able to give the market any positive momentum. The global crypto market capitalisation on was also down by 0.9 per cent to $1.22 trillion. On Thursday, Bitcoin was down by 1.05 per cent to Rs 26,10,000, Ether was lower by 0.73 to Rs 1,56,510, and Matic was also trading lower by 3.03 per cent to Rs 61.97. However, USDT was flat at Rs 86.09. “The crypto fear and greed index, down seven points from yesterday, continues to stay in the greed zone with a score of 57/100. Even bullish U...